The ASX 200 is down 8 points in mid-morning trade despite positive leads. Banks lose steam to be major drag, Materials ok and industrials/IT leading. Focus on CBA result, COL deal boosts VEA. CIM, NCK and GMA results. Lowe speech ahead. #ausbiz TODAY Results – SCA Property Group (SCA), Cimic Group Ltd (CIM), Commonwealth Bank… Continue reading MID MORNING MARKETS 6-02-19

The ASX 200 is down 9 points in mid-morning trade after a big night in the US. Financials ↓ ahead of RC final report, Materials lacklustre also. BLD downdate, ASB update, Chinese New Year, Big week. #ausbiz TODAY Banking Royal commission report Economic data – TD-MI Inflation Gauge, Building Permits, ANZ Job Advertisements Chinese holiday… Continue reading MID MORNING MARKETS 04-02-19

The ASX 200 is up 5 points at midday. Materials ahead, Banks mostly ↓ ahead of RC finding. HSO recommends Brookfield offer, RWC guidance, House prices down 5.6%yoy. US jobs ahead, RC and earnings next week  #ausbiz TODAY Economic data – CoreLogic House prices, AIG Manufacturing Index; CommBank Australia Manufacturing PMI, HIA New Home Sales,… Continue reading MIDDAY MARKETS 1-02-19

MORNING MARKETS The ASX 200 is up 33 points in mid-morning trade. Materials rock, Energy powering and banks and Industrials drag. NCP Q, GUD result, AIZ downdate, CPI today. #ausbiz TODAY Domestic data – Inflation Rate, Expectations are for a 1.7% annual rate (down from 1.9%), and 1.8% for the RBA’s preferred measure. Ex-dividend –… Continue reading MID MORNING MARKETS 30-01-19

The ASX 200 is up 17 points in mid-morning trade after a mixed US session. Healthcare the worst, dragged down by RMD Q update. Materials ok and banks mixed. AMP warnings, NWL update, ILU Q. HUGE week ahead – RC report and CPI, FOMC and US jobs, Brexit Plan B vote and big EU data.… Continue reading MID MORNING MARKETS 25-01-18

The ASX 200 is flat (+2) in mid-morning trade after a volatile US session driven by earnings. Gold the worst, Materials and banks also lag, Telcos and Energy lead. COL invests in distribution with write-down, STO, OZL and GXY Q reports. Employment data key today and ECB meeting ahead. #ausbiz TODAY Employment data TONIGHT ECB… Continue reading MID MORNING MARKETS 24-01-19

The ASX 200 is down 12 points in mid-morning trade after the US catch-up on growth doldrums. Energy, Materials and banks all ↓.  CGF experiencing “challenging” conditions, APE +ve update. RRL, SBM and NSW Qs. BoJ likely to downgrade CPI forecasts #ausbiz TODAY Bank of Japan meeting – expectations that inflation forecasts will be lowered… Continue reading MID MORNING MARKETS 23-01-18