What's happening in markets? Monday 4th February

Patrick Poke

Livewire Markets

It's Royal Comission day! The long-awaited final report from the Hayne Royal Comission is handed down today; Plato and Morgans predict "dividend bonanza" for Australian shares; and Ray Dalio discusses the state of the world economy in a CNBC interview. Here's what's happening in markets today. 

What I'm reading

Royal Commission results today

After almost a full year of hearings, the long-awaited final report from the Hayne Royal Commission is released at 4:10pm today. No doubt the stories will be quick to hit the presses, as journalists will be "locked up" with the report from lunctime today. In the meantime, business leaders are urging calm as the results hit:

Read article

$29 billion "dividend bonanza" on its way to investors

With Labor heavily favoured to win the next Federal election and standing by their dividend franking policy, Dr Don Hamson from Plato Investment Management is expecting excess franking credits to be paid out to investors this reporting season. 

Read article

Ray Dalio on CNBC

Bridgewater Associates founder, Ray Dalio recently appeared on CNBC to discuss to the big picture issues the world faces today (~14 minutes).

Watch interview

Stocks to watch

  • Ship builder, Austal (ASB) announced a huge upgrade to revenue. Previous guidance was for $1.3B-$1.4B, new guidance is $1.9B
  • Millenium Minerals (MOY) announced a 70% increase to ore reserves after depletion at their Nullagine project
  • Boral (BLD) provided a trading update and revised guidance. It now expects NPAT of $200m for the first half of FY19. 

Key market data

  • ASX Futures: 5,846.0 (-0.02%)
  • AUD/USD: 0.7247 (-0.06%)
  • ASX200: 5,862.80 (-0.03%)
  • S&P 500: 2,706.53 (+0.09)
  • China A50: 11,496.77 (+0.61%)
  • Australia 2-yr bond: 1.854 (+1.48%)
  • Australia 10-yr bond: 2.237 (+1.36%)
  • US 2-yr bond: 2.506 (+1.79%)
  • US 10-yr bond: 2.684 (+1.87%)
  • Gold (USD/oz): 1,322.00 (-0.24%)
  • Copper (USD/lb): 2.771  (-0.48%)
  • Brent Oil (USD/bbl): 62.75 (+1.39%)
  • 62% Iron Ore (USD/t): 69.15 (unchanged)

Upcoming releases and events

  • Building approvals (December), ANZ's Job advertisements (January), and the TD Securites Inflation Guage (January) are all due to be released this morning
  • The final report from the Hayne Royal Commission is released at 4:10pm today
  • Retail sales and trade data are released tomorrow morning
  • RBA rate meeting tomorrow morning.

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Patrick Poke
Managing Editor
Livewire Markets

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.


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