The ASX 200 is down 20 points in mid morning trade despite improving US markets. US↑, affecting $A and commodities. Banks ok, Materials ↓ AMP remediation update, CSR sells glass, OML contract and APT working with ASIC. Big US Fed tonight #ausbiz TODAY Economic data – Construction Work Done QoQ Q3 Ex-dividend – Civmec (CVL) 0.6c, Graincorp… Continue reading MID MORNING MARKETS 28-11-18
Category: Economics
MID MORNING MARKETS 27-11-18
The ASX 200 is up 17 points in mid morning trade but losing momentum after a strong o/n session. Oil recovers and Italy/Brexit “more” +ve. IT stocks lead but most sectors ↑. Defensives lag. HVN sales update, BKW and SEK guidance. IPH confirms offer, RC continues. #ausbiz TODAY AGMs – Brickworks (BKW), Seek (SEK), Harvey… Continue reading MID MORNING MARKETS 27-11-18
MID MORNING MARKETS 26-11-18
The ASX 200 is down 37 points in mid morning trade after a cut US trading session. Oil down over 7% and iron ore also hit. BHP huge detractor (over 10 points for AllOrds). Banks OK but miners and oil ↓. KGN credit card and FPH 11H result. Quiet week datawise. RC continues. #ausbiz TODAY… Continue reading MID MORNING MARKETS 26-11-18
MID MORNING MARKETS 23-11-18
The ASX 200 is down 3 points in mid morning trade. US closed for Thanksgiving and shorter trade tonight. Defensive sectors best, IT, Telcos and H’care worst. A few AGMs/updates – AHG, AIPH, KMD, AX1. Brexit in focus. Quiet next week #ausbiz TODAY Ex-dividend – DuluxGroup (DLX) 14.0c, Ruralco Holdings (RHL) 6.0c, Whitefield (WHF) 9.8c TONIGHT… Continue reading MID MORNING MARKETS 23-11-18
MID MORNING MARKETS 21-11-18
The ASX 200 is down 63 points in mid morning trade after another global market fail. US year’s gains gone, oil ↓6.6%. H’care↑ but big falls everywhere. COL trades 11am, WES ↓$13.33RC. TME takeover. When will it end? #ausbiz TODAY Wesfarmers (WES) – Coles (COL)lists today and is expected to trade at 5-10% discount to… Continue reading MID MORNING MARKETS 21-11-18
MID MORNING MARKETS 21-11-18
The ASX 200 is down 23 points in mid morning trade after big falls o/n. FANGS ↓>20%. IT and H/care the worst. Gold best. Banks mostly ↓ amidst RC. AGM updates from A2M, FBU, PME (and contract). WES demerges Coles tomorrow. #ausbiz TODAY The final round of the banking Royal Commission RBA Meeting Minutes RBA… Continue reading MID MORNING MARKETS 21-11-18
MID MORNING MARKETS 15-11-18
The ASX 200 is up 15 points in mid morning trade after another big night. Brexit gets Cabinet stamp, Oil breaks losing streak. Most sectors ↑, Financials (banks) the big detractor. REA CEO steps down (but really up), GEM trading update, GNC results, Wages data and Fed Gov talking. #ausbiz TODAY Economic data – Employment… Continue reading MID MORNING MARKETS 15-11-18
