CommSec Daily Report Thursday
Latest NewsLocal shares shrugged off a volatile session on Wall Street overnight to start Thursday’s session with a solid gain. The ASX 200 started the session with a gain of loss of 7 points before trading with a gain of 36 points at the best levels of the morning. The local index posted a loss…
CommSec Daily Report Monday
Latest NewsLocal shares started lower for a third consecutive session on Friday, reflecting another session of losses for US stocks. US sharemarkets fell after President Trump announced new tariffs. In late US trade the US President announced a 25% tariff will be imposed on foreign steel and 10% tariff on aluminium. The Dow Jones ended…
18 Share Tips – 5 March 2018
Michael Heffernan, PhillipCapital BUY RECOMMENDATIONS Rio Tinto (RIO) Chart: Share price over the year Rio’s recent full year result is unequivocally impressive. Profit is up strongly. There is a substantial increase in dividends and a further sharemarket buyback. Refocusing on core activities is a winner. Continuing strength in world economies and, consequently the iron ore…
CommSec Daily Report Friday
Latest NewsThe Aussie market has started the month of March on a weaker tone with the ASX 200 51 points or 0.85% lower to fall below 6000 points at 5964. This follows on from yesterday’s 0.7% drop. US markets didn’t provide a positive lead with the main indices all weaker overnight. February was the worst…
CommSec Daily Report Thursday
Latest NewsThe Aussie market has started the month of March on a weaker tone with the ASX 200 51 points or 0.85% lower to fall below 6000 points at 5964. This follows on from yesterday’s 0.7% drop. US markets didn’t provide a positive lead with the main indices all weaker overnight. February was the worst…
‘What we make of it’: Labour’s Corbyn to outline Brexit vision Monday
Opposition Labour leader Jeremy Corbyn will on Monday call for Britain to keep tariff-free access to the EU after Brexit, arguing that withdrawal from the bloc is ‘what we make of it’, according to excerpts of his speech..Corbyn will call for ‘a bespoke relationship’ with the European Union that appears to mirror the bloc’s current…
What’s the fuss about interest only loans and offset accounts?
Interest only loans for residential property purchase, for both owner occupiers and investors, have been in the news lately. With no requirement to repay principal, the concern for financial regulators is that many borrowers don’t have the incentive to build sufficient equity “buffers” to cope with any falls in housing values and/or rising interest rates….
CommSec Daily Report Tuesday
Latest NewsLocal shares are off to weaker start to the day with US markets closed overnights and many Asian markets still closed for the Lunar New Year. Attention turned to the European markets with major bourses falling overnight. The ASX 200 is softer by 18 points or 0.3% to 5923 points, reversing some of yesterday’s…
18 Share Tips – 19 February 2018
Michael McCarthy, CMC Markets BUY RECOMMENDATIONS JB Hi-Fi (JBH) Chart: Share price over the year Analyst estimates ran ahead of JBH’s guidance. Following the half year result and a reiteration of its full year estimate, the stock is under pressure. In my view, its retail track record and higher sales growth make it attractive around…
US stocks gain for 5th straight day, Dow +1.2%
Wall Street stocks enjoyed more solid gains Thursday, climbing for a fifth straight session and shrugging off fresh data showing higher inflation. The Dow Jones Industrial Average rose 1.2 percent to end the day at 25,200.37. The broad-based S&P 500 jumped 1.2 percent to close at 2,731.20, while the tech-rich Nasdaq Composite Index advanced 1.6…
