CommSec Daily Report Friday
Latest News The Aussie market is mostly trading sideways at lunch on Friday with the ASX 200 dipping 9 points or 0.12% to 7,046 and having swung between small gains and losses. The index opened at its intraday lows following reversals on Wall Street overnight as investors reacted to news that US President Biden could…
Regional unemployment: Winners & Losers
Regional unemployment: Winners & Losers Regional jobs Regional jobless rates: Of the 15 SA4 regions with the highest unemployment rates in the land, Queensland had the highest representation with six regions in March followed by NSW (four) and Victoria (three). Sydney – South West had the highest unemployment rate of 11.2 per cent, but the…
CommSec Daily Report Thursday
Latest news Aussie shares have recovered from a slow start, with the ASX 200 lifting by 0.4 per cent to 7,027 thanks to gains across most sectors. This followed the market opening lower for a third straight day and remains a little softer over the week as market participants pause from the recent rally. Putting…
CommSec Daily Report Wednesday
Latest news Aussie shares are slipping for a second day following similar declines in the United States, with the ASX 200 index down 0.8 per cent to 6,960.9. This is enough to drag the market back below the 13.5-month high hit on Monday, but still keeps the index on track to lift for an eight…
Petrol prices ease for school runs.
Petrol prices ease for school runs Second strongest home sales since 2004 Petrol Prices; New home sales; Used vehicle market Fuel prices: Last week the national average price of unleaded petrol fell by 1.6 cents a litre to 142.8 cents per litre (c/l), according to the Australian Institute of Petroleum. Retail unleaded pump prices have…
CommSec Daily Report Monday
Latest News The Aussie market is higher for a fifth consecutive session to start the new week. The ASX 200 is adding 24 points or 0.34% to 7,087 around midday as the benchmark index nears the all-time highs hit in February last year, currently ~1.6% away from the high of 7,197. The broader All Ords…
Risk in retirement: finding the right balance
For many of us, retirement means dream holidays, reading books and spending time with grandchildren. However for some Australians, the notion of enjoying their golden years after a lifetime of hard work hit a roadblock last year when COVID-19 struck, and hit economies and markets hard. Many businesses were affected by COVID-19 and the associated…
Investor Signposts: Week Beginning 19 April, 2021
Australia: Reserve Bank Board meeting minutes and retail spending data in focus In the coming week, minutes of the last Reserve Bank (RBA) Board meeting are issued. Preliminary retail trade data and purchasing managers’ indexes of services and factory activity dominate the data docket. The week kicks off on Tuesday when ANZ and Roy Morgan…
Bond yields start to catch the eye
The main story over the quarter was the rise in bond yields – largely off the back of the improving growth outlook and rising inflation expectations. Whilst not dramatic, we did see Australian 10-year bond yields rise 70bp over the quarter and they are now 100bp from their lows in October last year. We hold…
Top 30 shorted stocks
The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short”. Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high…
