Quay Mid-Day Market Update
The Australian Share Market has started the week on a positive note with the local index chipping ever so closely to the psychological 6000 index level as a strong lead from Wall Street on Friday boosted local sentiment. Market Turnover into lunch was low at $998 billion with turnover still off due to school holidays. This afternoon we should get direction from the Chinese Trade data which could see bargain hunting in resource stocks if we get a good number. It is a big week of data lead by China, which includes its GDP figures on Wednesday. Locally with data being very crucial for the RBA next moves local unemployment figures are due on Thursday. Across the market the main driver to the market strength was the energy sector... for the complete wrap please visit (VIEW LINK)
Quay Equities is a privately owned investment advisory firm independent of banks and brokers. This enables us to focus solely on our clients’ needs whilst providing conflict-free advice on Australian Shares. The team at Quay specialise in...
No areas of expertise