ASIC Flags Hit List For December Financial Reports
ASIC, the corporate regulator, has unveiled its hit list of issues for companies balancing their interim and full-year accounts on or around December 31.
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MYEFO Confirms Strong Rebound But Pressures Remain
This year’s federal budget bottom line has improved by $16 billion in the past 10 weeks, but the country still faces continuing deficits, higher unemployment, and rising debt due to the coronavirus pandemic.
Read MoreJobless Rate Drops To 6.8% In November
The strong recovery in full-time employment in October continued into November, albeit at a slower pace, especially outside Victoria.
Read MoreEvening report: ASX 200 hits 9.5 month high
The Aussie market rose by 1.16%, hitting a 9.5 month high and sneaking into positive territory for the year thanks to strong gains from tech, energy stocks and miners.
Read MoreLunch report: Market closes in on 9.5 month high
The Aussie market is lifting for a second day thanks to gains across most sectors and follows a bigger than anticipated lift in jobs growth.
Read MoreThe lesson investors should heed from 2020
Markets have moved with such speed and velocity in both directions since the beginning of the coronavirus outbreak it has been difficult for investors to adjust with so much information and misinformation being circulated.
Read MoreRevisiting REITs and interest rates
With the spectre of COVID-19 now diminishing in the wake of new vaccines, some investors are rightly refocusing their attention on longer-term risks and fundamentals.
Read MoreAustralia…One Hour In…ASX up 44 points
ASX200 up 44 points (0.7%) to 6723. Sydney Airport (+0.1%); November total passengers -90.6% yoy. International -96.9%, domestic -87.1%. Transurban (+0.3%); agreed to sell a 50% stake in a US toll road to Canada Pension Plan.
Read MoreRebounding with the RBA on hold
The recovery in Australia is underway and should continue next year – households have a lot of savings that they can start to draw on as confidence increases. The level of household debt remains a risk, but with interest rates at such low levels, this shouldn’t impede the recovery too much.
Read MoreAustralia 2021 Market Outlook: Cautiously Optimistic
We are cautiously optimistic toward Australian equities in 2021, the only developed equity market that is favoured as an overweight by our global multi‑asset colleagues. Short‑term costs and disruption from the coronavirus do not detract from the longer‑term attractions.
Read MoreThe Overnight Report: Are We There Yet?
| World Overnight | |||
| SPI Overnight (Dec) | 6706.00 | + 27.00 | 0.40% |
| S&P ASX 200 | 6679.20 | + 47.90 | 0.72% |
| S&P500 | 3701.17 | + 6.55 | 0.18% |
| Nasdaq Comp | 12658.19 | + 63.13 | 0.50% |
| DJIA | 30154.54 | – 44.77 | – 0.15% |
| S&P500 VIX | 22.50 | – 0.39 | – 1.70% |
| US 10-year yield | 0.92 | – 0.00 | – 0.33% |
| USD Index | 90.24 | – 0.24 | – 0.27% |
| FTSE100 | 6570.91 | + 57.59 | 0.88% |
| DAX30 | 13565.98 | + 203.11 | 1.52% |
By Greg Peel
Read MoreMorning report: US sharemarkets mixed, NASDAQ at record close
At the close of trade, the Dow Jones index was down by 44 points or 0.2%. But the S&P 500 index rose by 0.2%. And the Nasdaq index lifted by 63 points or 0.5% to a record closing high.
Read MoreFed Upgrades Outlook But Promises Continued Support Until “Substantial Progress” On Recovery
The US Federal Reserve’s post-meeting statement looked bullish at first glance, and yet the market reaction was muted.
Read MoreLatest BofA Survey Flashes Sell Signal
Time to sell equities as we head towards 2021? That’s the suggestion from Bank of America in its final monthly global big investor survey for 2020 as big investor cash levels fall to lows not seen for seven and a half years.
Read MoreEvening report: Market lifts in unenthusiastic trade
The Australian sharemarket managed to lift by 0.7%, fading from a more impressive 1.3% gain earlier. Gains from mining stocks, banks and technology companies were most supportive.
Read MoreLunch report: Strongest lift in 3 weeks
The Australian sharemarket is surging by 1.2% on Wednesday thanks to gains across all sectors and over 70% of stocks on the ASX.
Read MoreAustralia…One Hour In…ASX up 77 points
ASX200 up 77 points (1.2%) to 6709. Telstra (+0.5%) / Uniti (TH); will divest Australia’s second-largest private fiber-to-the-premises broadband network to Uniti Group for $140m.
Read MoreThe Overnight Report: Never Say Never
| World Overnight | |||
| SPI Overnight (Dec) | 6682.00 | + 45.00 | 0.68% |
| S&P ASX 200 | 6631.30 | – 28.90 | – 0.43% |
| S&P500 | 3694.62 | + 47.13 | 1.29% |
| Nasdaq Comp | 12595.06 | + 155.02 | 1.25% |
| DJIA | 30199.31 | + 337.76 | 1.13% |
| S&P500 VIX | 22.89 | – 1.83 | – 7.40% |
| US 10-year yield | 0.92 | + 0.03 | 3.48% |
| USD Index | 90.48 | – 0.24 | – 0.26% |
| FTSE100 | 6513.32 | – 18.51 | – 0.28% |
| DAX30 | 13362.87 | + 139.71 | 1.06% |
By Greg Peel
Read MoreMorning report: US sharemarkets climbed on Tuesday with Covid-19 vaccines being rolled out
Buoyed by increasing confidence that a stimulus deal would be struck, the Dow Jones index was up by 337 points or 1.1% after lifting 381 points at session highs. The S&P 500 index rose by 1.3%. And the Nasdaq index lifted 155 points or 1.3%.
Read MoreWall St Rallies Ahead Of Fed Meeting
The ASX is heading for a strong opening today of 50 points or more if the overnight trading on the futures platform and Wall Street’s jump, are any guide. The factors were – growing optimism about a new US COVID-19 stimulus package from Congress, the confirmation of President-elect Biden’s November 3 win, and more reports about another COVID vaccine to be approved shortly.
Read MoreChina Recovery Broadens As Consumer Spending, Industrial Output Step Up
More confirmation that China’s economic expansion factory is growing with the last batch of economic figures for November showing sharp rises in output and consumer spending.
Read MoreEvening report: Mining losses keep ASX in the red
Local shares have closed lower for the third time in the past four sessions as resources and financial stocks weighed heavily. The ASX 200 finished 29pts or 0.43% lower at 6,631.
Read MoreLunch report: Miners weigh as ASX falls
The Aussie market is slightly weaker at lunch on Tuesday as big miners like BHP & Fortescue drop back on a dip in iron ore prices. Coal miners have also been hit by rising tensions between Australia & China.
Read MoreInfrastructure Outlook: Greater Outlays to Boost Growth
Encouraging developments on the vaccine front late in 2020 and advances in the world’s ability to manage infection rates while still working, learning and spending are positive signs for 2021, and we are constructive on the outlook for global listed infrastructure for several reasons.
Read MoreAre All Retailers In The Festive Mood?
Retailers may be anticipating a Christmas bonus from more relaxed consumers as state borders re-open but will all benefit?
Read MoreThe Overnight Report: V-Day Blues
| World Overnight | |||
| SPI Overnight (Dec) | 6644.00 | – 18.00 | – 0.27% |
| S&P ASX 200 | 6660.20 | + 17.60 | 0.26% |
| S&P500 | 3647.49 | – 15.97 | – 0.44% |
| Nasdaq Comp | 12440.04 | + 62.17 | 0.50% |
| DJIA | 29861.55 | – 184.82 | – 0.62% |
| S&P500 VIX | 24.72 | + 1.41 | 6.05% |
| US 10-year yield | 0.89 | – 0.00 | – 0.11% |
| USD Index | 90.72 | – 0.26 | – 0.29% |
| FTSE100 | 6531.83 | – 14.92 | – 0.23% |
| DAX30 | 13223.16 | + 108.86 | 0.83% |
By Greg Peel
Read MoreMorning report: ASX set for a weaker start
US sharemarkets were mixed on Monday. Sentiment was initially boosted by the launch of a nationwide Covid-19 vaccine campaign. But major indexes pared gains after New York City Mayor Bill De Blasio warned the city could experience a “full shutdown”.
Read MoreDisney’s Streaming Shift Leaves Fox Deal On The Scrapheap
Walt Disney shares might have recovered from their coronavirus slump and hit a succession of record highs last week, but that hasn’t stopped the company looking like a bunch of dills for making the Murdoch family richer than they should be, for no reason other than corporate ego and ambition.
Read MoreChina House Price Growth Cools For Second Month
Growth in China’s new home prices grew fell to their slowest monthly pace in November since March of this year. The slowing supports the idea that Chinese regulators have succeeded in containing a break out in property prices for the time being.
Read MoreEvening report: Banks & tech push ASX higher
The Aussie market has started the last full trading week of 2020 with a small gain of 17 points or 0.25%. Banks & tech stocks helped drive the market higher but miners & health stocks weighed.
Read MoreIncome investing: The return of Goldilocks and the three bears
The Goldilocks environment is back, but bears are lurking in the shadows. Francois de Bruin from Aviva Investors explores the risks and opportunities that need to be managed to get outcomes that are “just right”.
Read MoreOur vacations might not be the only thing ‘staying local’ for a while
Australian investors are known to be very parochial, and have historically reflected this attitude with a home bias – possibly because of the lure of familiarity with companies, franking credits and the currency hedge (most spend in Australian dollars).
Read MoreLunch report: Shares higher to start the week
The Aussie market has shrugged off a mostly weak lead to start the last full trading week of 2020 with gains. Tech & banking stocks are making the biggest difference to the upside while mining names & CSL are weighing
Read MoreAustralia…One Hour In…ASX up 18 points
ASX200 up 18 points (0.3%) to 6660. IOOF (+0.9%)/ NAB (+0.6%); the ACCC will not oppose IOOF’s acquisition of MLC Wealth Management, owned by NAB.
Read MoreMorning report: US sharemarkets were mixed on Friday
The outlook for additional fiscal stimulus remained uncertain. Over the week, the Dow fell 0.6%; S&P 500 lost 1%; and the Nasdaq dropped 0.7%.
Read MoreHidden Gems Webinar Recap – DCL, LGP, VUL, CRO
Catch up on the full webinar with presentations from Domacom (ASX:DCL), Little Green Pharma (ASX:LGP), Vulcan Energy (ASX:VUL) and Cirralto Limited (ASX:CRO).
Read MoreDiary: Fed Meeting, Brexit Bumbles, MYEFO
Just over two weeks of a very eventful 2020 to go and still no slowing in the flow of influential news and data points. The impact of the COVID-19 pandemic has made even the most routine of figures important – such as inflation, or jobs openings, while corporate results and future projections remain opaque.
Read MoreMYEFO To Confirm Peak Deficit, Peak Debt Still To Come
An update to the outlook for the Australian economy is due this week in the Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) which is due for release in the next few days.
Read MoreChina Car Sales Near 2019 Levels Despite Virus Speed Bump
With a month to go, China’s vehicle sales are on track to hit 25.3 million units this year as sales of electric vehicles in particular rise sharply.
Read MoreASX Scrapes Out Sixth Weekly Gain While Global Markets Slip
The S&P 500 and Nasdaq ended lower on Friday, while the Dow closed up slightly. All three indexes fell for the week. Eurozone shares fell 1.3%, Japanese shares lost 0.4% and Chinese shares fell 3.5%, despite more evidence that the economy is going well with a record trade surplus last month and exports. Despite this, Australian shares rose for the sixth week in a row, albeit it was only a small gain of 0.1%.
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