CommSec Daily Report Friday
Latest NewsA steep sell off for US markets overnight has seen local shares reverse yesterday’s positive momentum as global markets remain volatile to start the New Year. The action on Wall Street was led by a ~10% slide in Apple shares after the tech giant released weaker earnings forecasts for the recent holiday quarter with…
CommSec Daily Report Friday
Latest NewsAussie shares initially bucked a weak lead from Wall Street to open higher but have since made an about-face to drive further losses into a fourth straight session. US markets continued to lag in response to the US Fed raising rates for a fourth time in 2018 and cutting its forecast for 2019 hikes…
CommSec Daily Report Thursday
Latest NewsAussie shares are recovering from some early weakness with the ASX 200 trading mostly flat around lunch at 5578. The top 200 index was down around 34 points at its worst near the open.It was a weak lead from US markets with the US Federal Reserve raising interest rates for a fourth time in…
ANZ follows rivals with strike over pay
ANZ will follow its rivals in copping a first strike on executive pay, with about a third of shareholders voting against the lender’s remuneration report. Chairman David Gonski told Wednesday’s annual general meeting in Perth that 34 per cent of early votes went against ANZ’s remuneration report, meaning the lender follows rivals Westpac and NAB…
Westpac and NAB to consider Apple Pay
After a backlash from customers and a surprise switch in policy from the Commonwealth Bank of Australia (CBA), it appears that all of Australia’s big banks will end up providing Apple Pay services to their users sooner rather than later. Late last week, CBA joined ANZ in offering the service, and up until that point,…
CommSec Daily Report Friday
Latest NewsLocal shares are giving up a portion of gains made over the past three sessions with the ASX 200 easing 49 points or 0.88% to 5612 around lunch on Friday. It was a mixed session on Wall St with stocks see-sawing throughout the US session as markets still digest developments in the ongoing US-China…
CommSec Daily Report Thursday
Latest NewsThe Aussie market is edging higher towards lunch despite SPI futures initially pointing at a weaker start. The ASX 200 is lifting 18 points or 0.3% to 5671.2 points. Global markets provided a strong lead with the major US indices climbing between 0.5-1% as trade tensions ease between China and the United States. US…
Westpac cops first strike on executive pay
Westpac shareholders have handed the bank a first strike on executive pay in protest over bonus cuts they say did not go far enough. Almost 64 per cent of votes cast ahead of the bank’s annual general meeting in Perth went against the remuneration report as the bank followed the likes of Telstra, Tabcorp and…
Global economy in 2019: Growth beginning to fray
American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.Surveys of US business and consumer sentiment continued to show economic optimism going into next year but cracks are beginning to form – in the…
CommSec Daily Report Friday
Latest News The Aussie market is rebounding from three straight losses to lift towards lunch on Friday. The ASX 200 is climbing 35 points or 0.6% to 5692. If the market is able to maintain these levels for the remainder of the session, the ASX 200 index will manage its first weekly improvement in a month. The…
