Home Wires

Daily Report

Tune in for a daily download from investing professionals ‘in the trenches’ who summarise key events each market day.

Daily Report

ASX now just 3% below all-time highs

The market latched onto an improving dialogue between the US & China overnight ahead of the G20 meeting in Japan next week – President Trump saying that he had talked...
James Gerrish
Market Matters
Daily Report

RBA minutes drive ASX to another high

Once again, the expectation of lower interest rates was enough to drive stocks higher today, with comments from the RBA that imply rates were more likely to go down...
COL
James Gerrish
Market Matters
Daily Report

AGL pulls Vocus bid

A fairly lacklustre Monday across the board with the banks/utilities offsetting some weakness amongst the material stocks + the telcos were weak as a sector thanks to...
+1
James Gerrish
Market Matters
Daily Report

Why Brexit is a good thing!

Early this week the local market soared to register the highest close since late 2007 before some consolidation played out at the back end of the week. Today was...
James Gerrish
Market Matters
Daily Report

Markets flat – Challenger downgrades

The market chopped around for the session today before closing flat - the ASX200 traded as much as +20 points higher and -10 points lower than the previous close. It...
CGF
James Gerrish
Market Matters
Daily Report

The rally fades on bank selling

The local market quickly pushed on with yesterday’s rally to post an extra 41pts to rally to the intraday high within the first hour. The selling picked up from there...
James Gerrish
Market Matters
Daily Report

ASX trades at 11 year highs

After a long weekend, the Australian market had to catch up on two bullish sessions out of the US which we did - and then some with the market now trading at its...
AGL
APT
+1
James Gerrish
Market Matters
Daily Report

Tax loss selling is already gaining momentum

The ASX200 gained 24 points yesterday, taking the index within striking distance of this month’s 6403 high although we are still only in June’s first trading week....
NUF
RIO
+1
James Gerrish
Market Matters
Daily Report

Markets edge higher, but not convincingly so

The market edged higher again today – up around +20pts although it was a narrower move than yesterday with the resource sector a meaningful underperformer. BHP off ...
APT
James Gerrish
Market Matters
Daily Report

The rally runs out of puff

The market edged higher today, however gains were very lacklustre considering the +2% rally in US markets overnight. The ASX 200 peaked early on 6387, up ~55pts...
James Gerrish
Market Matters
Daily Report

RBA acts for the first time in 33 months – cuts rates

A choppy session for the ASX today as traders positioned ahead of the RBA rates decision at 2.30pm this afternoon, with Philip Lowe & the board ending the longest...
James Gerrish
Market Matters
Daily Report

Sustained selling sees the ASX close on the lows ahead of RBA decision tomorrow

The weakness across the market persisted again today with the ASX 200 testing and breaking through support and closing on the lows of the session – hard to find a...
BLD
James Gerrish
Market Matters
Daily Report

Sell in May & go away – not this year!

The US market closed marginally higher overnight, however, before our market opened this morning Mr Trump outlined plans to impose a 5% tariff on Mexican goods until...
James Gerrish
Market Matters
Daily Report

Resources & real estate lead ASX lower today

Another day of weakness for Aussie stocks with the market trading down on open and chopping around for most of the session – the market ticking around the 6400 region...
James Gerrish
Market Matters
Daily Report

Sellers dominate following soft leads

The market traded lower today thanks to weakness from overseas markets last night and again during our time zone today, however despite the day being dominated by...
DOW
MGR
James Gerrish
Market Matters
Daily Report

Buyers re-emerge as Iron Ore continues to run

With no overseas lead to key off this morning, local stocks were muted from the outset however continued strength in the Iron Ore price and reasonable buying through...
APX
+6
James Gerrish
Market Matters
Daily Report

ASX muted ahead of US & UK days off

A very subdued day was seen on the ASX200 ahead of holidays in the UK & US which will see the financial markets of both countries closed tonight. The index moved...
SUN
James Gerrish
Market Matters
Daily Report

Trade concerns force some profit taking

The local market sold off on the open today and struggled to stage any kind of meaningful recovery as the session rolled on. Trade tensions simmering was seen as the...
James Gerrish
Market Matters
Daily Report

ASX comes off the boil after a stellar run

The ASX came off the boil today after a very strong 6 day advance which saw the market rally from a 6203 low to a high yesterday of the 6510 – a 307pt unabated run up...
CSR
James Gerrish
Market Matters
Daily Report

Local market grinds higher but financial services are left behind

The ASX was looking strong again today, staging a recovery from early lows to trade higher for the 6thsession running – the ASX200 is now up 271pts since the close on...
AMP
James Gerrish
Market Matters
Daily Report

APRA & the RBA help the local market shrug soft leads

A second day of good news for the Australian banks as APRA to reduce lending requirements on new mortgages to better reflect the low interest rate environment. The...
HLS
James Gerrish
Market Matters
Daily Report

What a day to own the banks!

A huge day for some areas of the Australian market today, particularly the banking stocks and the private health insurers as they were aggressively singled out as net...
NHF
James Gerrish
Market Matters
Daily Report

Resources remain in vogue at the expense of the banks

A bullish open for the local market this morning as traders pushed stocks sharply higher into an early top just below 6400, however that was the best of it as sellers...
BHP
James Gerrish
Market Matters
Daily Report

Rate cut on the way – markets rally

The Aussie market latched onto the ‘lower interest rate’ trade today, and rallied strongly after the employment data dropped at 11.30am – the buying intensified into...
James Gerrish
Market Matters
Daily Report

Energy & Resources push the market higher

Stocks recovered most of the losses incurred the prior session today – Energy and Resources the main game in town however the buying was very broad based with all...
CYB
RIO
James Gerrish
Market Matters
1226-1250 of 1291