CommSec Daily Report Tuesday
Latest news Aussie shares continue to lift strongly following a strong lead from Wall Street, yesterday’s announcement of a massive $130bn government support package and better than expected data on China’s economy at lunch. The ASX 200 is lifting by 144pts or 2.8 per cent to 5,325.6. On Monday, the All Ordinaries rose by 6.56…
Investor Signposts 30 Mar 20: Pandemic pandemonium
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including CoreLogic home prices, the Reserve Bank Board meeting minutes & China Purchasing manager indexes. Australia: Pandemic pandemonium We begin April with the release of several ‘tier-1’ economic data releases. Of particular interest to investors will be home…
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…
CommSec Daily Report Friday
Latest News The Aussie market is under pressure to continue to its recent run of gains. The ASX 200 opened higher by 115 points or 2.2% but has slipped into negative territory at lunch. The index is now down 32 points or 0.6% to 5080 and unable to follow the surge on Wall Street. The…
Strongest job gains in Health Care & Education
Strongest job gains in Health Care & Education Employment by industry Employment by industry: Employment rose by 65,600 in the three months to February. Over the past 12 months, 256,600 people have found jobs (in seasonally adjusted terms). A record 13.02 million Aussies are currently employed. Job creation: Over the three months to February, most…
Finances in strong shape ahead of virus crisis
Finances in strong shape ahead of virus crisis Financial Accounts Wealth: Total household wealth (net worth) rose by 3.3 per cent to a record high $11,309 billion in the December quarter. Per capita wealth: In per capita terms, wealth rose by $10,809 in the December quarter to a record-high $442,705. Foreign holdings of shares: Foreigners…
CommSec Daily Report Thursday
Latest news Aussie shares are lifting slightly for a third day, with the ASX 200 running out of steam, lifting by just 0.25 per cent to 5,101.5. Local stocks have improved by more than 10 per cent over the past three trading sessions. The market is still down by around 30 per cent in less…
Global equities welcome US rescue package
It was another day of gains across global equity markets. In the US, the S&P500 gained a further 1.2% Wednesday with more substantial lifts through Europe and Asia after US leaders stopped tunelessly caterwauling to lay the foundations for the $2tn US stimulus package to be rubber-stamped some time in the Asia time zone. The…
CommSec Daily Report Wednesday
Latest news Aussie shares are lifting strongly for a second day, with the ASX 200 index up 159pts or 3.4 per cent thanks to a very positive lead from Wall Street and signs Congress is closer to passing a massive stimulus bill. Local shares have already faded from this morning’s highs however, with the ASX…
US stocks surge as the waiting game begins
The S&P surged 9.4% Tuesday, and media reports say the Dow Jones registered its best day since 1933, rising 11.4%. European and Asian equities rose as well. Oil slipped, and gold rose by 2.2%. A final decision on a US fiscal stimulus package remains elusive; US Treasury Secretary Mnuchin said the deal is within striking…
