Good Morning, Today will be another jam-packed day... Not only do we have ewarnings results from ASX Ltd, Mirvac, Paladin Energy, Primary Health Care, Rio...

Niv Dagan

Peak Asset Management

Good Morning, Today will be another jam-packed day... Not only do we have ewarnings results from ASX Ltd, Mirvac, Paladin Energy, Primary Health Care, Rio Tinto, Telstra, Transurban. Some big names, right? But we also have AUS employment for January...... which should have a bearing on the performance of our markets Over the past few months, we have seen strong employment growth in AUS, however, this is surprising as both consumer & business confidence are extremely low... So where is the growth coming from? This year's federal budget will be very interesting....... Last night, Wall Street fluctuated amid concerns about Greece, Ukraine and as investors awaited more quarterly results PepsiCo rose 1.8 per cent to $US99.85 after the soft drinks maker reported a better-than-expected quarterly profit and said it would buy back shares worth up to $US12 billion by 2018. Commodities were generally weaker last night, with Crude Oil down 91 cents to $$49.11/barrel, Gold down $10 to $1,221/oz. and iron ore is trading at $62/tonne. The SPI is pointing to a 5 point rise on open. (VIEW LINK)


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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