CommSec Daily Report Monday
Latest NewsThe Australian sharemarket has so far shrugged off any fears in relation to the escalating trade war between the US and China. Better than expected US employment figures countered negative sentiment on US markets, providing a positive lead to our market. Local shares were off to a stronger start with the ASX 200 lifting…
CommSec Daily Report Friday
Market edges closer to 10.5 year highsLocal shares moved ahead in early trade on Friday, with loca participant showing few signs of anxiety ahead of a US announcement on tariffs due this afternoon local time (midnight US time, 2pm AEST). Healthcare and Information Technology led the sector declines. By contrast Telecoms were the most improved…
CommSec Daily Report Thursday
Latest newsAussie shares are improving at lunch for just the third time in ten sessions despite the closure of US markets last night for a holiday. The ASX 200 is up by 0.5 per cent or 31pts to 6215 and is being led higher by the big banks.While local stocks hit 10.5 year highs less…
German industrial orders bounce back in May
Industrial orders in Germany bounced back in May after a string of setbacks, official data showed Thursday, suggesting Europe’s largest economy may not face the sharp slowdown some observers feared.New contracts at industrial firms grew 2.6 percent month-on-month in May, federal statistics authority Destatis said in figures adjusted for price, seasonal and calendar effects.The performance…
CommSec Daily Report Tuesday
Latest newsAhead of the Reserve Bank’s decision on interest rates this afternoon, the ASX 200 is lifting by 0.4 per cent thanks to gains across most sectors. While this is just the second improvement in eight sessions, the index remains less than 1 per cent away from 10.5 year highs.While more than 70 per cent…
Building approvals slow in May
Record Adelaide building; Consumers still chipperBuilding approvals; Consumer confidenceBuilding approvals: Council approvals to build new homes fell by 3.2 per cent in May – the third fall in four months. But the rolling annual total of approvals rose to a 15-month high.Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating fell by 0.8 per cent…
CommSec Daily Report Friday
Latest NewsLocal shares started the session in unconvincing manner on Friday, although the conviction of participants was limited. Market developments overnight did little to galvanise local sentiment in either direction. US sharemarkets saw erratic trade overnight. After trading in a 311 point range, the Dow Jones ended higher by 98 points or 0.4%. The S&P…
CommSec Daily Report Thursday
Latest NewsThe Aussie sharemarket has overcome a softer start and is trading higher at lunch. Local shares have lost ground over the previous four sessions, with trade tensions rattling investor confidence. It was looking like more of the same for the main index with the ASX 200 down by as much as 0.3% in early…
German consumers less troubled by trade war fears
Confidence among German consumers should resist fears of a trade war between Washington and Brussels in July, a survey published Thursday showed.A forward-looking monthly barometer by pollsters GfK stood at 10.7 points for July, the same level as this month and 0.1 points lower than in May.‘Expectations for the economic outlook above all have been…
CommSec Daily Report Wednesday
Latest NewsLocal shares started the session with a lack of conviction Wednesday, reflected in the narrow range traded over the morning. The ASX 200 started the day with a 2 point deficit, which was the low of the morning; at the best level of the morning the index was ahead by 9 points. This, despite…
