CommSec Daily Report Wednesday
Latest News The Aussie market is extending its recent run of gains into a fifth day on Wednesday. The ASX 200 opened firmly higher and is trading near session highs at lunch. The benchmark index is climbing 55 points or 0.8 per cent to 6706. Local shares have been buoyed by the start of US…
Market Analysis: A fragile state of trade war neutrality
Risk assets skewed lower, and US equities fell back a little on Monday after China signalled it wants more discussion to iron out details of any partial deal before signing it, including the removal of added tariffs planned for December. Beyond chiselling out those details, doubts continue to swirl whether China and the U.S. can…
Aussies go cold on ultra-low rates
Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating fell by 1.2 per cent to 110.9 points. Sentiment is below the average of 114.4 points held since 2014 and the longer term average of 113.1 points since 1990. • CBA Household spending intentions: The lift in retail spending intentions in August was reversed in September….
CommSec Daily Report Tuesday
Latest News It has been a far more muted start to Tuesday’s trade compared to the day before. In the space of 24 hours, optimism over trade has faded after reports out of Beijing that China still sees the need for further negotiations before any deal can be signed. The ASX 200 did open lower…
Petrol slides; Credit card debt still falling
Petrol slides; Credit card debt still falling Weekly petrol prices; Credit/debit cards Petrol: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 6.6 cents a litre last week, down from a 5-month high of 152.7 cents a litre to 146.1 cents a litre. It was the biggest weekly…
CommSec Daily Report Monday
Latest News Local shares joined most other markets in a rally in early trade on Monday. At lunch the ASX 200 was off session highs with a gain of 48 points or 0.7%. At the best levels of the morning the Index was ahead by 69pts or 1%. Sector gains were led by Energy names…
WAAAX on, WAAAX off: multiples are fickle, but value is forever
With Abbey Road back in the charts and the We Co rocket failing to launch, it’s a good time to remember that cashflows still drive value, even when value is hard to find. Some things are eternal. In an era of Spotify, with even iTunes now old hat, a Walkman positively prehistoric and an absence…
Investor Signposts: Employment data in the spotlight
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including CBA Household Spending Intentions, Employment/unemployment & China Economic growth. Australia: Employment data in the spotlight • A relatively quiet week is in prospect in Australia. The highlight is Thursday’s job data. • The week kicks-off on Monday…
Is Bill Gates Right On Energy Investing?
Not long ago, Bill Gates offered some investment advice. That, in itself, constitutes news, but the content and the reactions make up a more interesting story. Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in…
CommSec Daily Report Friday
Latest News The Aussie market is tracking higher on Friday in what has been a roller coaster ride of a week. The ASX 200 is lifting 53 points or 0.8 per cent to 6600 as markets react to an abundance of trade related headlines and reports over the past few sessions leading into the face…
