The ASX 200 is up 72 points in early trade, losing some of initial gains (was up 104). Materials and Energy in the lead, with Gold the only sector. Recovery in growth companies. Focus on results from CBA and CIM. RMD ex-div. RIO result after market. TODAY Results – Commonwealth Bank (CBA) Consensus is for… Continue reading MID MORNING MARKETS 7-2-18
MID MORNING MARKETS 6-2-18
The ASX200 is down 172 points in early trade. No shares or sectors are higher. Gold and defensive sectors outperform. Gold the worst. MQG, SCP and MFG in focus. S&P futures up 24 points in the US. TODAY RBA meeting – no expectation of a change in policy Data – Retail sales -0.2% expected after… Continue reading MID MORNING MARKETS 6-2-18
MID MORNING UPDATE 5-2-18
MID-MORNING MARKETS ASX 200 down 78 points in early trade. All sectors in the red, with Gold, Materials and Energy the worst hit. Confession season casualties today include WES and DOW. TODAY Chinese Caixin Services and Composite data TONIGHT UK services and composite PMI Mario Draghi is speaking US ISM services index tonight COMPANY NEWS… Continue reading MID MORNING UPDATE 5-2-18
MID MORNING MARKETS 2-2-18
MID MORNING MARKETS The ASX200 is down 4 points in early morning trade. Yield sensitive companies some of the worst performers after US bond yields continued to march higher overnight. James Hardie (JHX) narrows guidance, Telstra (TLS) makes impairment charge and Woolworths (WOW) gets an upgrade. COMPANY NEWS James Hardie (JHX) – Results for 9… Continue reading MID MORNING MARKETS 2-2-18
MID MORNING UPDATE 1-2-18
MID MORNING MARKETS The S&P/ASX200 is up 35 points at 10.40am. Almost all sectors are in positive territory – Telcos are the exception with Tesltra (TLS ) down another cent. Utilities, Consumer Staples and Energy the best sectors. Not a lot of news to focus on – house prices pretty interesting though (see below). COMPANY… Continue reading MID MORNING UPDATE 1-2-18
MID MORNING UPDATE 31-1-18
MID MORNING UPDATE The ASX 200 is down 25 points at 11am, with most sectors in the red. TWE posts positive result, guidance upgrade for BPT, takeover for SRX and Q reports for ORG, IFN, AWE The focus is on inflation data later today, with consensus for an annual increase of 2%., and the FOMC… Continue reading MID MORNING UPDATE 31-1-18
MID MORNING MARKET 30-01-18
MID MORNING MARKETS The ASX is down 34 points at 11am, with all sectors weaker, led by Gold (-1.6%). Earnings reports (NVT, CCP) and production reports (NCM, FMG) dominate, along with a poor trading update from VRL COMPANY NEWS Fortescue Metals Group (FMG) – Total iron ore shipments down 4% on pcp to 40.5mt, Cash… Continue reading MID MORNING MARKET 30-01-18
MID MORNING MARKETS 29-01-18
OVERNIGHT SPI FUTURES +30 US EQUITIES – S&P500 +34 (+1.18%), Dow Jones +224 (+0.85%), Nasdaq +95 (+1.28%). More record highs Main themes – President Trump pitches investing in the US to international companies at the World Economic Forum in Davos, Switzerland and also warns about the consequences of unfair trade. US dollar down half a… Continue reading MID MORNING MARKETS 29-01-18
MID MORNING MARKETS 20-12-17
OVERNIGHT SPI FUTURES -11 US EQUITIES – S&P500 -9 (-0.32%), Dow Jones -37, Nasdaq -31 (-0.44%) Main themes – Technology sector underperformed. FANGS show broad weakness. Apple -1.1% after Nomura Instinet downgraded to Neutral from Buy, saying stock’s gains for the iPhone X supercycle are in the late innings and the supply-demand balance for the… Continue reading MID MORNING MARKETS 20-12-17
MID MORNING MARKETS 19-12-17
OVERNIGHT SPI FUTURES +29 US EQUITIES – All reached intra-day highs S&P500 +14 (+0.54%), Dow Jones +140, Nasdaq +58 Main themes – Major indices hitting intra-day records Positive day regarding tax bill – House of Representatives expected to hold a tax bill vote on Tuesday, the biggest aspect of which is a cut in the… Continue reading MID MORNING MARKETS 19-12-17
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