CommSec Daily Report Tuesday
Latest newsAustralian shares are off to a better start on Tuesday thanks to worries over a trade war between the US and China easing (for now) overnight. The ASX 200 is up 0.5 per cent, lifting for the first time in four days and bouncing off five week lows hit in recent days.Despite today’s gains,…
CommSec Daily Report Friday
Latest NewsUS market tumbled overnight following President Trump’s signing of a memorandum to order US$60 billion worth of tariffs on Chinese exports to the US. The US trade deficit with China was US$375 billion in 2017. The US Trade Representative (USTR) now has 15 days to come up with a proposed list of products that…
Trump to announce China trade sanctions on Thursday
President Donald Trump is poised on Thursday to unveil sanctions against China for the ‘theft’ of US intellectual property, a White House official said, teeing up a second potential confrontation in as many months.Spokesman Raj Shah told AFP that Trump will announce actions following an ‘investigation into China’s state-led, market-distorting efforts to force, pressure, and…
UK should postpone Brexit, key MPs say
A key committee of British MPS say Brexit should be postponed because there may not be enough time to strike a deal with the European Union before Britain leaves the bloc a year from now. The Exiting the EU Committee says if major aspects of the future relationship remain unsettled by October, Britain should seek…
CommSec Daily Report Friday
Latest NewsAussie Market opens higher – Local shares are rebounding from three straight sessions of losses and shrugging off a mixed lead from Wall Street. The Dow closed 0.5% higher while the tech heavy Nasdaq closed a touch lower. The ASX 200 opened around 0.45% or 26pts higher but has come back to be 6pts…
CommSec Daily Report Thursday
Latest newsAustralian shares are losing ground for a third day, with the ASX 200 index down by 0.4 per cent and is approaching 5900pts. Developments in the US seem to be influencing Australian shares most at the moment and follows a meaningful pullback for US shares overnight.A slide in Boeing’s share price accounted for around…
CommSec Daily Report Wednesday
Latest NewsEarly trade on Wednesday saw local shares continue the retreat that featured a day early. The ASX 200 opened the session with a loss of 7 points before trading to a 52 point loss at the worst levels of the morning. Thereafter buyers showed little inclination to make an impression on the market and…
CommSec Daily Report Friday
Latest NewsLocal shares are rallying for a second straight session on a number of global factors. The ASX 200 is has gained another 0.55% or 32 points, following on from yesterday’s 0.7% gain, to trade at 5973 points. Overnight, US President Donald Trump announced details of the tariffs on steel and aluminium imports with US…
CommSec Daily Report Thursday
Latest NewsLocal shares shrugged off a volatile session on Wall Street overnight to start Thursday’s session with a solid gain. The ASX 200 started the session with a gain of loss of 7 points before trading with a gain of 36 points at the best levels of the morning. The local index posted a loss…
CommSec Daily Report Monday
Latest NewsLocal shares started lower for a third consecutive session on Friday, reflecting another session of losses for US stocks. US sharemarkets fell after President Trump announced new tariffs. In late US trade the US President announced a 25% tariff will be imposed on foreign steel and 10% tariff on aluminium. The Dow Jones ended…
