AUS Cricket... Poor... | FOMC Stays "Steady" On Rates.. | HGG & GUD: Focus Reporting Season |

Niv Dagan

Peak Asset Management

Good Morning, Before we talk markets, let’s talk cricket… Australia all out for 136 vs. England? Are you kidding me? That’s a poor performance… Ok… let’s now talk markets… The FOMC left interest rates on hold last night, stating that although the job market remains strong, there is no interest rate uplift just yet…. The AUD remained under pressure, now below $0.73…. HGG and GUD report their earnings today and will be monitoring both results closely…. Stocks in focus Hartleys upgraded Saracen Minerals to a "buy" recommendation from "accumulate" with a price target of 68¢. Craig Swanger at FIIG Securities assesses the impact of falling oil on local companies. "Energy producers such as Woodside, Origin Energy and Santos will struggle to improve earnings in this environment. Service providers such as Worley Parsons and Ausdrill also face headwinds due to the lack of investment that follows the lower for longer forecast. The SPI is pointing to a 32 point rise this morning

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Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...


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