CommSec Daily Report Wednesday
Latest newsThe Australian market had its worst performance in more than two months on Tuesday and is down slightly at lunch today. The ASX 200 is down by 0.16 per cent and continues to flirt with 6000pts, although softer than expected inflation has helped limit the losses. Markets have come under some pressure in recent…
CommSec Daily Report Tuesday
Latest NewsThe Aussie market has given up yesterday’s gains with the ASX 200 dropping 32 points or 0.53% heading into lunch. Local shares received a weak lead from Wall Street which fell from its recent highs as US 10 year interest rate yields rose to its highest levels since April 2014.Back home, all sectors are…
Asia News Agenda Tuesday
ASIA NEWS AGENDA ON TUESDAY+ 70th anniversary of assassination of India’s ‘father’ Gandhi + Duterte visits city devastated after militant siege INDIA– India remembers its independence icon Mahatma Gandhi, 70 years after he was assassinated in New Delhi PHILIPPINES– Philippine President Rodrigo Duterte visits the battleground southern city of Marawi, which government forces retook last year after a…
Why global equities?
By Magellan Group Australians have heavily tied their financial fates to Australian equities. Australian stocks have certainly proved to be good investments over the past two decades. The industrialisation of China boosted commodity prices, which has helped Australia’s economy expand continuously since the early 1990s. Our banks and mining stocks, in particular, thrived. But is…
18 Share Tips – 29 January 2018
Simon Herrmann, wise-owl.comBUY RECOMMENDATIONSRegis Resources (RRL)Chart: Share price over the year This gold miner’s fundamentals are sound in a positive operating environment that enables the company to generate free cash flow. Gold prices may consolidate or even retreat at some point this year, but the long term outlook is bullish. Gold Road Resources (GOR)Chart: Share price…
CommSec Daily Report Thursday
Latest NewsLocal shares started the eve of the Australia Day public holiday under pressure, reflecting mixed outcomes for US shares overnight. The main feature of US trade was a mid-session sell off reflecting the (continuing) rise US 10 year bond yields (long term interest rates) which hampered interest rate sensitive sectors of the market, such…
Asia News Agenda Wednesday
ASIA NEWS AGENDA ON WEDNESDAY+ China urged to release dissident bookseller+ Scores stranded at Japan ski resort as volcano erupts+ Deal reached on Pacific trade pact after US pull-outHONG KONG/SWEDEN– Anger mounts as Stockholm asks Beijing to release dissident publisher Gui Minhai after the Swedish citizen was snatched for a second time in mainland China…
Asia News Agenda Tuesday
ASIA NEWS AGENDA ON TUESDAY+ Myanmar case against Reuters journalists to begin+ Mattis meets Indonesian president, defence ministerMYANMAR– Court case against Reuters journalists charged under Official Secrets Act expected to formally begin.INDONESIA– United States Defense Secretary Jim Mattis meets his Indonesian counterpart and President Joko Widodo in Jakarta as the US looks to curb the…
CommSec Daily Report Tuesday
Latest newsThe Australian market is off to a better start with the ASX 200 index up 0.7 per cent, is back above 6000pts and is ending a five-day losing streak. Gains from the big banks and ResMed (RMD) are the biggest contributors to the gains. This follows US shares hitting record highs thanks to the…
CommSec Daily Report Monday
Latest newsThe Australian market opened firmer this morning but has faded at lunch and is now slightly lower for the fifth straight day. While the market is a little softer, the index is hovering just above support at 6000pts. Gains from mining stocks and consumer staples are helping offset losses from the banks.US markets hit…
