CommSec Daily Report Friday
Latest NewsThe Aussie market is off to a softer start on Friday, following from weakness in global markets overnight. A downgrade by the European Central Bank (ECB) for European economic growth forecasts dragged risk assets lower. Wall St fell for a fourth straight day and suffering the longest losing streak of 2019 so far. The ASX…
CommSec Daily Report Thursday
Latest NewsAussie shares continue to climb despite another weak lead from Wall St overnight. The ASX 200 is advancing by 15 points or 0.24% to 6260 heading towards lunch.Leading the improvements have been the communications and consumer discretionary sectors. Telstra (TLS) is more than 1% higher while Wesfarmers (WES) is stronger by 0.5%.Financials are improving…
Coles in grocery world-first with eBay
Coles has become the first supermarket anywhere to sell directly on eBay. The Australian supermarket giant’s shopfront with the e-commerce behometh launched on Wednesday with a range of more than 4,000 products across categories including fresh food, personal care and household goods. While Coles already offers online shopping through its own website, it hopes to…
CommSec Daily Report Wednesday
Latest NewsLocal shares have fluctuated in early trade leading up to the release of the all-important Q4 GDP data on the economic performance over the final quarter of 2018. The ASX 200 index is climbing 32 points or 0.5% to 6231 despite a soft lead from Wall St overnight.The GDP figures came in under consensus…
CommSec Daily Report Tuesday
Latest newsAussie shares are snapping a four-day winning streak, slipping by 0.5 per cent at lunch as most sectors head lower. US stocks provided a weak lead as the Dow Jones fell on softer data while China lowered its target for economic growth this morning.The National People’s Congress – a platform for Chinese officials to…
CommSec Daily Report Monday
Latest NewsThe Aussie market continues to climb higher now for a fourth straight day following another positive finish and weekly gain for US markets. The tech heavy Nasdaq has now notched 10 straight weeks of gains, the longest winning streak since April 2012. The global tone is being aided by US-China trade optimism and easing…
CommSec Daily Report Friday
Latest News After recording a monthly improvement in February of 5.2% and enjoying the best monthly performance since July 2016, the ASX 200 has continued its positive momentum to start the 2019 into March with the index up 32 points or 0.52% to 6200 despite a weak lead from Wall Street. The top 200 index is…
Why The Aussie Dollar Remains Stubbornly High
By Andrew Taylor, Market Strategist, GFT As the world seemingly crumbles around Australia, questions are being asked: Are we set to become part of the global crisis? Recently, Australia has seen commodity prices fall, which would normally see the AUD fall with it. A lower AUD would help Australian exporters become globally competitive and remain…
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…
