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
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
3 topics
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,...
Expertise
No areas of expertise
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,...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment