CommSec Daily Report Thursday
Gains subside; Miners & Telcos decline The local sharemarket has failed to hang on to early gains, held back by weakness in the telco and materials sectors, and a slump in Woolworths (WOW) and Fortescue Metals (FMG) shares which are trading ex-dividend. The ASX 200 (XJO) is down 2 points 6,148. In earnings news, Rio Tinto (RIO)…
UK PM opens way to three-month Brexit delay
Prime Minister Theresa May promised on Tuesday to allow parliament to delay Brexit by up to three months to avoid Britain crashing out of the European Union without a deal on March 29.The dramatic reversal in May’s steadfast strategy came after threats of mass resignations from her own ministers and calls for a second referendum…
CommSec Daily Report Wednesday
Market rebounds as banks, miners climbThe Australian sharemarket has made a strong start to Wednesday’s session, shrugging off a sluggish lead from Wall St. Banks, mining and energy stocks are improving, while a recovery in the consumer discretionary sector is also helping the market. The ASX 200 is up 23 points or 0.4% to 6,151. In…
China’s foreign investment law rushed to appease US, EU firms say
European businesses said Monday they fear a Chinese foreign investment law allegedly fast-tracked by Beijing to meet Washington’s demands on trade has inadequate protections against forced technology transfers.The law will eliminate the requirement for foreign enterprises to transfer proprietary technology to Chinese joint-venture partners.It also includes other steps to level the business playing field that…
CommSec Daily Report Tuesday
Market breaks three day winning streakThe Australian sharemarket has shrugged off a positive lead from Wall Street, with almost all sectors weaker in early trade. The ASX 200 (XJO) is down 57 points or 0.9% to 6,129, as Consumer Discretionary and IT stocks lead the losses.In earnings news, Caltex (CTX) will launch a $260 million…
CommSec Daily Report Monday
Market buoyed by US-China optimismThe local sharemarket has been buoyed by optimism that the US and China are close to reaching a trade deal. It follows a tweet by US President Donald Trump that it had been a ‘very good weekend’ of talks between US and Chinese negotiators and that he was ‘delaying the US…
CommSec Daily Report Friday
Latest NewsLocal shares are recovering from a flat start to push higher as the session progresses. The ASX 200 is now 26 points or 0.4% to 6165 despite a weak lead from global markets with the US NASDAQ snapping an eight session winning streak overnight. US markets were weaker on softer housing data. Gains have been…
CommSec Daily Report Thursday
Latest NewsLocal shares are stumbling towards lunch after notching early gains in the session. The ASX 200 index is now lower by 8 points or 0.13% to 6088.5 after being higher by as much as 20 points early on. Of the sector performance, the financials, communications and consumer discretionary sectors are giving the broader market the…
CommSec Daily Report Wednesday
Market loses early gains as banks declineThe local sharemarket has failed to hang on to earlier gains, as losses in the financial, consumer staples, consumer discretionary and telco sectors weighed on the market. The ASX 200 (XJO) is down 16 points or 0.3% to 6,090.A slew of companies released earnings results today, including Lovisa (LOV),…
CommSec Daily Report Tuesday
Latest newsAussie shares are lifting for a third day and hovering around four month highs thanks to improvements from banks and technology stocks. The ASX 200 is up 0.4 per cent despite no lead from Wall Street due to a public holiday.Blackmores (BKL) is down 23 per cent following the release of its half year…
