Quay Mid-Day Market Update

The Australian Share Market looking at three consecutive days of negative trade, with the market again deep in the red on the back of a negative lead from Wall Street, while the pull back in Iron Ore also combined to send stocks lower. Overnight, the Fed continuing on its data dependent stance while first quarter GDP disappointed the market. Market Turnover into lunch was quite strong at $2.125 billion. The market missing a catalyst this week on a very light week of economic data locally. Naturally the RBA interest rate next week in focus as well as the Banks beginning reporting season next week with mixed expectations from the big brokers in regards to earnings and potential dividend growth. Even around the region still quiet on the economic front. Japanese industrial production falling 0.3% in March, coming in well above the 2.3% fall that was expected. Around the market the main lag on the markets was definitely the banks... for the entire wrap please visit (VIEW LINK)


1 topic

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...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.