CommSec Daily Report Wednesday
Latest NewsLocal shares posted solid gains in opening trade on Wednesday as the ASX 200 recovered a portion of Tuesday’s losses which marked the worst 1 day loss since September 2015. The ASX 200 started the session with a gain of 25 points before trading to a gain of 105 points shortly thereafter as the…
US market correction underway
US sharemarket correction underwayFinancial marketsUS sharemarket slump: The US Dow Jones has fallen by over 1,800 points or 7.1 per cent over the past two days. After hitting record highs on January 26, the Dow Jones index has eased to 2-month lows. Movements in US and European markets have the potential to affect the domestic…
CommSec Daily Report Monday
Latest newsAustralian shares are off to a rough start Monday, with the ASX 200 down 1.2 per cent following a massive inflation induced pullback in US markets on Friday. Almost all sectors are slipping by more than 1 per cent while softer commodity prices are dragging mining and energy stocks down most. It is important…
CommSec Daily Report Wednesday
Latest newsThe Australian market had its worst performance in more than two months on Tuesday and is down slightly at lunch today. The ASX 200 is down by 0.16 per cent and continues to flirt with 6000pts, although softer than expected inflation has helped limit the losses. Markets have come under some pressure in recent…
CommSec Daily Report Tuesday
Latest NewsThe Aussie market has given up yesterday’s gains with the ASX 200 dropping 32 points or 0.53% heading into lunch. Local shares received a weak lead from Wall Street which fell from its recent highs as US 10 year interest rate yields rose to its highest levels since April 2014.Back home, all sectors are…
Asia News Agenda Tuesday
ASIA NEWS AGENDA ON TUESDAY+ 70th anniversary of assassination of India’s ‘father’ Gandhi + Duterte visits city devastated after militant siege INDIA– India remembers its independence icon Mahatma Gandhi, 70 years after he was assassinated in New Delhi PHILIPPINES– Philippine President Rodrigo Duterte visits the battleground southern city of Marawi, which government forces retook last year after a…
CommSec Daily Report Thursday
Latest NewsLocal shares started the eve of the Australia Day public holiday under pressure, reflecting mixed outcomes for US shares overnight. The main feature of US trade was a mid-session sell off reflecting the (continuing) rise US 10 year bond yields (long term interest rates) which hampered interest rate sensitive sectors of the market, such…
Asia News Agenda Wednesday
ASIA NEWS AGENDA ON WEDNESDAY+ China urged to release dissident bookseller+ Scores stranded at Japan ski resort as volcano erupts+ Deal reached on Pacific trade pact after US pull-outHONG KONG/SWEDEN– Anger mounts as Stockholm asks Beijing to release dissident publisher Gui Minhai after the Swedish citizen was snatched for a second time in mainland China…
Asia News Agenda Tuesday
ASIA NEWS AGENDA ON TUESDAY+ Myanmar case against Reuters journalists to begin+ Mattis meets Indonesian president, defence ministerMYANMAR– Court case against Reuters journalists charged under Official Secrets Act expected to formally begin.INDONESIA– United States Defense Secretary Jim Mattis meets his Indonesian counterpart and President Joko Widodo in Jakarta as the US looks to curb the…
CommSec Daily Report Tuesday
Latest newsThe Australian market is off to a better start with the ASX 200 index up 0.7 per cent, is back above 6000pts and is ending a five-day losing streak. Gains from the big banks and ResMed (RMD) are the biggest contributors to the gains. This follows US shares hitting record highs thanks to the…
