CommSec

US sharemarkets ended weaker on Tuesday as investors debated the timing of the next US rate hike. In addition the technology sector lost ground after EU antitrust regulators ordered Apple to pay about $14.5 billion in back taxes to the Irish government. Apple shares fell 0.9%. Banking stocks rose on the likelihood of US rate hikes. The S&P financial index rose 0.8% to the highest level since December last year. The Dow Jones index fell by 49 points or 0.3%. The S&P 500 index fell by 0.2% but the Nasdaq fell by 9 points or 0.2%.

Hello All,

Please find today’s Market Update. Feel free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The ASX 200 has finished the session up 0.2%, held back by selling in the consumer staples, consumer discretionary and telco sectors. Healthcare and resource stocks were the best performers. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Tom Piotrowski speaks with Aventus Retail Property Fund (AVN) CEO, Darren Holland about the performance of the fund since its listing in October last year and its strategy for growth in the year ahead. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Ramsay Health Care (RHC), has reported a 16.8% increase to its full year statutory net profit of $450.3 million, attributed to its focus on volume growth, continuing efficiencies and acquisitions. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Tom Piotrowski speaks with AWE Ltd (AWE) CEO & Managing Director, David Biggs about the company’s full year results and the progress of its Waitsia gas project in Western Australia. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The ASX 200 is up 0.5%, boosted by strong results in the Healthcare, Energy, Materials and IT sectors. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

US sharemarkets rallied for the first  time in four sessions on Monday. The discussion of higher US interest rates supported rate sensitive sectors, in particular financial stocks. JP Morgan gained 1% and Well Fargo rose 2.5%, providing the biggest boost to the S&P 500. The S&P financial index rose by 1%. The upbeat consumer spending data also supported sentiment. The Dow Jones index rose by 108 points or 0.6%. The S&P 500 index rose by 0.5% and the Nasdaq lifted by 13 points or 0.3%.

Hello All,

Please find today’s Market Update. Feel free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The Australian market bounced off its worst levels of the day but still fell by 0.8% and remains near 6-wk lows. While the earnings season finished largely as expected by analysts, Janet Yellen suggested on Friday that US rates could rise this year.

This report isapproved and distributed in Australia by Commonwealth Securities Limited ABN 60067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiaryof Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (theBank).  The Bank and its subsidiarieshave effected or may effect transactions for their own account in anyinvestments or related investments referred to in this report. This report isnot a recommendation to buy, sell or hold any securities or financial products,and has been prepared without taking account of the objectives, financial ortaxation situation or needs of any particular individual.  For this reason, any individual should,before acting on the information in this report, consider the appropriatenessof the information, having regard to the individual's objectives, financial ortaxation situation and needs and, if necessary, seek appropriate professionaladvice.  This report is produced byCommonwealth Research based on information available at the time ofpublishing.  We believe that the informationin this correspondence is correct and any opinions, conclusions or recommendationsare reasonably held or made as at the time of its compilation, but no warrantyis made as to accuracy, reliability or completeness.  To the extent permitted by law, neither theBank nor any of its subsidiaries accept liability to any person for loss ordamage arising from the use of this report.

All sectors of the local sharemarket are losing ground on Monday as comments by US Fed chair Janet Yellen have the market thinking rates could be raised in the US this year.

This report is approved and distributed in Australia byCommonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) awholly owned but non-guaranteed subsidiary of Commonwealth Bank of AustraliaABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiarieshave effected or may effect transactions for their own account in anyinvestments or related investments referred to in this report. This report isnot a recommendation to buy, sell or hold any securities or financial products,and has been prepared without taking account of the objectives, financial or taxationsituation or needs of any particular individual.  For this reason, anyindividual should, before acting on the information in this report, considerthe appropriateness of the information, having regard to the individual'sobjectives, financial or taxation situation and needs and, if necessary, seekappropriate professional advice.  This report is produced by CommonwealthResearch based on information available at the time of publishing.  Webelieve that the information in this correspondence is correct and anyopinions, conclusions or recommendations are reasonably held or made as at thetime of its compilation, but no warranty is made as to accuracy, reliability orcompleteness.  To the extent permitted by law, neither the Bank nor any ofits subsidiaries accept liability to any person for loss or damage arising fromthe use of this report.

In a speech, the US Federal Reserve chair, Janet Yellen, said that the case for higher interest rates had strengthened. 

US sharemarkets ended mixed as investors debated the timing of the next US rate hike. The Dow Jones index fell by 53 points or 0.3% after tracking a 237 point range. The S&P 500 index fell by 0.2% but the Nasdaq lifted by almost 7 points or 0.1%. Over the week the Dow lost 0.8%, the S&P 500 index fell by 0.7% and the Nasdaq was lower by 0.4%  

 

Hello All,

Please find today’s Market Update. Feel free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.