Aussie Market Report ..A quiet end to the week despite good numbers from the Chinese PMI coming in above expectations ,resource shares continue to feel unloved...

Henry Jennings
Henry Jennings Marcustoday.com.au

Aussie Market Report ..A quiet end to the week despite good numbers from the Chinese PMI coming in above expectations ,resource shares continue to feel unloved as once again the financials took up the running. The market flip-flopped and despite a weak start rallied back to a positive before apathy took over and we slid back down, conveniently ignoring the Chinese Duck Pancake index that came out earlier. #MQG# led the charge after reporting half year numbers of $501m,an increase in dividend and a share giveaway in the Airport. #WBC# and #NAB# followed but #ANZ# and #CBA# sat this one out today. Insurers were generally easier with #QBE#,#IAG#,#AMP# and #SUN# down. However money managers managed to put on a few cents led by #HGG#,#BTT#,#IOF# and #KAM#....Read more at (VIEW LINK)

Comments

Please sign in to comment on this wire.
Medium screen shot 2016 01 12 at 2.25.34 pm

James Marlay

Something to bear in mind that Fonterra supplies 60% of China's dairy requirements. This is pretty big biz. We have iron ore NZ has milk! Interesting piece of information

Join the conversation