US Stocks Up as Manufacturing Rebounds... | RBA Rate Decision... Today... | Commodities "Flat", SPI up 15 points |

Niv Dagan

Peak Asset Management

Good morning, 4 degrees here in Melbourne, scarf & coat, on the way to the office…. Maybe it’s time to work from QLD? At least the market will be higher on open? That could change very quickly and 8 hours in financial markets is a very long time… Especially when we have 2:30pm RBA rate decision…. Last night, US stocks ended with modest gains on Monday (Dow up 29 points), recovering part of last week's losses in a session marked by cautious trading as investors reacted to mixed economic data. A report from ISM showed the pace of manufacturing growth rose in May. Other data showed construction spending surged in April but consumer spending was unexpectedly flat. Eight of the 10 major S&P indexes were higher, with health, industrials and technology among sectors with the most gains. Transportation stocks rebounded from recent losses. All eyes today will be on the RBA...... more specifically, their outlook statement... The SPI is pointing to a 15 point rise on open


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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