US Business Investment & Housing Strong ... | Commodities To Fall, as USD Rises | SPI Flat Leading To Open |

Niv Dagan

Peak Asset Management

Good Morning, So we're feeling good, as some positive momentum is making our portfolios look better ... US stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close. Facebook shares rose 3.7 per cent to $US87.88, a record close. A gauge of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014. In more data that things are going well in the US of A, new US single-family home sales increased in May to the highest in more than seven years, brightening the outlook for the housing market and the broader economy. Last night the EUR fell heavily, leading into the Grexit, which will not happen, however, pressure is certainly mounting on the Germans, IMF & ECB…. Gold looks weak and if it breaks $1,180/oz. we see downside to ~ $1,000 as the USD rallies… So keep on eye on metals and soft commodities … The SPI is pointing to a 3 point gain on open

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,...


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.


Sign In or Join Free to comment