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


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

AT THE CLOSE 05-11-18

The ASX 200 closed down 31 points, near the lows, despite some mid-market strength. Financials the highlight while Healthcare suffered on CSL (-2.4% and -6.8pts). WBC results, GXL takeover, COH patent ruling. Dow futures -80. #ausbiz TODAY Economic data – AIG Services Index, ANZ Job Advertisements 0.7% (prev -0.7%) Ex-dividend – Joyce Corporation (JYC) 6.0c,… Continue reading AT THE CLOSE 05-11-18


The ASX 200 is down 6 points in mid-morning trade after another positive overnight session. MQG, ORI and CSR result, CTD flops, other banks hit. GXL trading update and takeover. Retail sales today and US payrolls tonight #ausbiz TODAY Economic data – PPI and retail sales. Consensus is for a 0.3% increase in retail sales.… Continue reading MID MORNING MARKETS 02-11-18


The ASX200 is down another 62 points at mid-day trading, with losses in most sectors. IT follows the US down, CSL -3%. Banks “relative” outperformers…Lots of red…. $A stable at US70.80c. #ausbiz COMPANY NEWS Commonwealth Bank (CBA) – Further actions to improve outcomes for wealth management customers including the rebating of grandfathered commissions for Commonwealth… Continue reading MID MORNING MARKETS 9-10-18