Good Morning, Trust that you had a nice weekend and are getting set for the last week of the reporting season.... Over the weekend, I managed to escape the...

Niv Dagan

Peak Asset Management

Good Morning, Trust that you had a nice weekend and are getting set for the last week of the reporting season.... Over the weekend, I managed to escape the hustle and bustle of the city, heading into Echuca... It was great to get some fresh air and enjoy the country-side of Victoria... On Friday night, US Stocks rallied (Dow up ~ 155 points), as a short-term Greek Deal was reached (more specifically, put on hold for six months)... But markets still rallied..... Halfway into the European earnings season, results have been strong. Fourth-quarter earnings are expected to grow 19.5 per cent, which would be the best quarter in 3-1/2 years. US manufacturing was also strong (54.3 vs. 53.8 expected), in further signs that the US economy is strong ..... Today we have earnings from Beach Energy, BlueScope Steel, GPT Group, Lend Lease, Spark Infrastructure, UGL, which will certainly keep us busy... Commodities were mixed on Friday with Crude Oil down $1.02 to $50.81/barrel, Gold down $2 trading at $1,204/oz. and iron ore is at $63.66/tonne. The SPI is pointing to a 14 point gain.


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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