Henry’s Take
Not much to go on this morning.
Gold remains the standout in commodities.
RBA this week – No change expected.
US Check-Ins.
Pre-Market Report –
ASX to fall. SPI Futures down 68 points (-0.82%). The week ahead brings the RBA’s rate decision on Tuesday, where a hold is expected due to current inflation at 3.5%. While global central banks, including the Fed, have begun cutting rates, the RBA is unlikely to follow, with economists pointing to a February rate cut as…
END Of DAY Podcast
ASX 200 falls 57.
WOW and COL investigated by ACCC.
China cuts short-term rates.
End of Day Report – Woolworths and Coles Allegedly Manipulated Discounts on Hundreds of Items, ACCC
ASX 200 finished down 57 points to 8153 (-0.7%) despite hopes for Chinese stimulus and better US and European futures markets. Banks eased back led by CBA down 1.5% and the Big Bank Basket down 0.9%. Other financials mixed, ASX up 0.4% and CGF gaining 0.6%. REITs fell across the board, GMG down 1.5% and…
Safe Income Stocks
THE SAFEST INCOME STOCKS This is how fund managers pick out income stocks. In fact, they pick themselves, its not rocket science. Criteria includes: Gross Yield – "Feel the width" – the yield. It is the first criterion. The yield including franking. These are stocks with gross yields over 4% in the ASX 200. Franking…
Henrys Weekend Take
THE WEEK THAT WAS Once again it seems another false start for resources. Much anticipation for a PBoC rate cut and China stimulus has come to naught. We have seen a bunch of brokers start to talk about the commodity trade following the Fed move. Morgan Stanley upgraded the Three Amigos (BHP, RIO, and FMG)…
Marcus Take Podcasts This Week
All of this week’s Marcus Take Podcasts in one place.
Overnight Friday –
Wall Street finished mixed overnight, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and…
Marcus Weekend
Good morning everyone. Wall Street didn’t do anything – our futures are interestingly down 68 points this morning. I think you can blame that on Resources, with BHP and RIO down 2.54% and 2.47%, reversing some of their 3-4% gains the day before. The ASX 200 was up 1.35% last week (+109) hitting a series…