KAROON ENERGY LTD
Local market bounced back after Friday’s bashing. Started positive before investors took profit in the last few hours. European markets were negative while US and Asian markets were directionless. China data was stable without being special while local housing data was weak and private credit data was solid. July count... Show More
Local market ran out of puff and closed at the lows of a negative last day of the quarter. We are heading into the last week of trading before school holidays and institutional investors are likely to lock in their profits before going on holiday with their families. Retail investors... Show More
Local market had another positive day driven by resources and banks despite weak global sentiment. Resource were pushed up by better commodities while stronger currency drove global investors to buy into our banks. Staples, Energy and REITs were the best performers while Gold, Industrials and Utilities were the negative sectors. Show More
Whilst global markets have maintained positive momentum into 2017, valuations look stretched. Markets are going to run into the US reporting season given the US leadership change and the recent rally pricing due to the optimistic outlook. However, US fiscal policy uncertainty, historically low volatility, rising USD, rising yields and... Show More
Global markets are flip flopping with the US market hitting all time highs. US fiscal policy uncertainty, historically low volatility, a rising USD, rising yields and stretched valuations are raising doubts on the recent exuberance in the equity market. Strong commodities along with a robust USD and rising yields suggests... Show More
Commodities have been on a wild ride of late. It was only on Friday that iron ore had rallied above $70US/t; overnight another big fall had prices back below $63US/t. Not all commodities are moving in unison, as gold, silver and nickel have all held up well this week. Many... Show More