The Australian Share Market has started the session flat with the market in and out of negative territory as investors digest another busy day of company...

The Australian Share Market has started the session flat with the market in and out of negative territory as investors digest another busy day of company reporting's. Overnight we did have Fed Reserve Chair Janet Yellen indicating the Fed was in no hurry to raise its benchmark interest rate. Yellen not really telling the market what it didn't already know, however the Fed funds futures now pricing in probable rise in October. With another mixed bag of earnings & no significant news from the Fed there was no reason for stocks to push higher. Market Turnover on the day was quite strong at $1.682 billion. This afternoons trade will take a little different tone to the start of the week with the China HSBC Manufacturing PMI data to be released at 12:45 AEDT it does present a significant piece of data for the first time all week. For the whole wrap please visit (VIEW LINK)


1 topic

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...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.