Global Markets Lower as Greece Deal "Up in the Air"... | FLT, SEK, IFL Lead Downgrades... Who Is Next? | JP Morgan Overweight SYD, Lifts Target |
Good Morning, So we were starting to find some positive momentum over the last few days and… Woosh… down we go again… US stocks closed lower on Wednesday, dropping in a broad decline as the outcome of negotiations between Greece and its international creditors remained up in the air, prompting investors to drop riskier assets like equities. Some positives came from last night, as data in the US showed that a bigger gain in consumer spending ... What's on today in Oz? Australia Q1 financial accounts, Australia May quarter job vacancies, US May personal income. Stocks in focus Short interest in local shares is concentrated in consumer staples, and shares of industrials, transport and energy, Morgan Stanley says. Deutsche Bank has a "hold" rating on Challenger Financial and a $6.70 target price. The investment bank said the renewed return on equity focus at Challenger is a "net positive". JPMorgan has an "overweight" rating on Sydney Airport and a $5.60 target price. The SPI is pointing to a 10 point fall on open
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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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