The Australian Share market back in the red this morning on a combination of a weak Wall Street lead and continued volatility in commodity markets having a...

Quay Equities

The Australian Share market back in the red this morning on a combination of a weak Wall Street lead and continued volatility in commodity markets having a negative effect on stocks today. Given the uncertainty around the message the Fed Reserve will send when they conclude tonight it was no surprise to see some selling hit the screens. Market Turnover drifted lower today in comparison to a busy morning yesterday. Turnover into lunch was $1.244 billion. This afternoon look out for the China February Property Price data due out at 12:30pm AEDT, but given the Fed meeting look out the market to drift sideways in the afternoon session. Across the market again not a day to be commodity based. Adding to the negativity in the resource sector was Fortescue (FMG). The junior miner this morning pulling its $2.5 billion senior secured not issue with the company hit with high interest rates on the offering... For the full wrap please visit (VIEW LINK)


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Quay Equities
Quay Equities

Quay Equities is a privately owned investment advisory firm independent of banks and brokers. This enables us to focus solely on our clients’ needs whilst providing conflict-free advice on Australian Shares. The team at Quay specialise in...

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