Auction volume dwindles on poll day
Property auction numbers tapered off across the country over the weekend as many Australians kept their Saturday focus on voting and sausage sizzles. Data firm CoreLogic said there were 917 home auctions across all capital cities, down from an already low 1,218 in the prior week, and its early tally suggested about 57 per cent…
Punting On Labor
On 8 May the Sydney Morning Herald, among many news outlets, reported that an intrepid Aussie punter wagered the stunning sum of $1 million dollars on a Labor win in the upcoming federal elections, potentially vaulting leader Bill Shorten into the Prime Minister’s chair. The odds from three betting sites favor a Labor win, although…
CommSec Daily Report Tuesday
Latest News Selling has intensified for local shares on Tuesday with the escalation of US-China trade tensions. China announced that it will retaliate against the US tariff hike by lifting tariffs on $60 billion of US imports from June 1. US markets fell sharply overnight with the Dow Jones dropping more than 600 points and…
CommSec Daily Report Monday
Latest News Local shares have started the new trading week lower despite US shares finishing last week in positive territory and defying a better start as indicated by the SPI Futures. The ASX 200 is down 23 points or 0.35% to 6288 but is recovering from its lows on the open. US shares rebounded strongly…
CommSec Daily Report Friday
Latest news Aussie shares are lifting from a slow start, with the ASX 200 up 0.28 per cent at lunch. While this is enough for the index to break through 6,300pts, it falls short of pushing the market into positive territory this week. Gains from mining and energy stocks are making the biggest difference. The…
The Daily Fix – The rhetorical war keeping risk buyers firmly away
Trade tensions dominate the narrative, its all anyone is talking about. And, while most public policy analysts ultimately see a positive resolution, and many even see a near-term wind back of tariffs, there is no doubt the actual process is breaking down. It surprising that the ASX 200 is actually up 0.4% today, but that’s…
Bitcoin Completes Three-Month Winning Streak
Investors in Bitcoin celebrated at the end of April, with the month ending in over 30% gains for the cryptocurrency. That meant Bitcoin had its first three-month winning streak since the last quarter of 2017, making it something of a vindication for those who signalled the end of the bear market on the digital currency…
GrainCorp shares slump as LTAP walks away
GrainCorp shares have slumped more than nine per cent after suitor Long-Term Asset Partners withdrew its $2.38 billion takeover offer. The stock sagged on Tuesday following the bulk grains handler’s post-trade announcement on Monday that LTAP had withdrawn the non-binding $10.42 per share offer it made in December 2018. “Had due diligence supported our operational…
Interest cuts major catalyst for rising housing prices
Falling interest rates were the major catalyst for rising housing prices across Australia according to new research published on Monday by the Reserve Bank. The new findings come just a week after the RBA’s governor Philip Lowe said the rate cuts had not had a notable impact on house prices during the early to mid-2010s….
Banks, energy keep ASX falling through day
The Australian share market’s early losses have gathered pace with the financial and energy sectors losing more ground. The benchmark S&P/ASX200 index was down 25.7 points, or 0.40 per cent, to 6,385.5 points at 1200 AEST on Monday, while the broader All Ordinaries was down 22.9 points, or 0.35 per cent, to 6,450.3. All four…
