Last Financial Year

Editors Choice

The end of the Financial Year and the scores on the doors show the ASX 200 up 9.67%. Got to say, it's a bit flattering because the timing of the beginning of the financial year was just after a 13.8% market correction. If you had included last June 2022 in the calculation, then the ASX…

Midday Report Monday

Reports Section

MARKET AT MIDDAY The ASX 200 continues its rally into the new financial year up 21 points to 7225 (+0.3%) at midday ahead of the RBA interest rate decision tomorrow. The consensus is that Lowe will hold rates following softer-then-expected CPI numbers last week. To read Marcus' EOFY breakdown, CLICK HERE. Aussie bond yields moving higher, 10Y yield up10bps, 2Y yield up 10bps.…

End Of Day Report Monday

Reports Section

ASX 200 closed up 43 points to 7246 (+0.6%), supported by a rise in commodity prices, starting the new financial year off in the positive, extending gains from the previous session. At best ASX 200 up 51 points, at worst down 4 points. The Gold sector performed well today supported by the rise in bullion…

TLS – Defensive income stock

Stock Takes

THE NBN HISTORY Ten years ago Telstra was the best income stock in the Australian stock market. Then the government decided to roll out the NBN, which required Telstra to structurally separate its wholesale and retail businesses. That involved separating its network infrastructure and wholesale services from its retail operations. The idea was to promote…

Henry Weekend

Box 2

A much better week for equities as the ASX 200 bounced 1.5%. The RBA beckons on Tuesday next week , with another line ball decision for Phil and his board. This week we saw a nice drop in the monthly CPI to 5.6%. But as I wrote this week, before we all get too carried away just remember that many price rises kick off on July 1st, not least of which will be energy prices. Lucky that the petrol price is coming down( down 6% last month). Maybe we need to buy a generator and cut out the AGLs of the world. Or ring that solar guy back!

Diary this Week

Box 1

MAIN EVENTS US Markets are on holiday on Tuesday July 4th and close early on Monday. A lot of Americans are on holiday this week. RBA Interest Rate Decision Tuesday. FOMC Meeting Minutes Thursday. US Nonfarm Payrolls and Unemployment Rate Friday. ECONOMICS Australia – Building Permits Monday and Balance of Trade Thursday.  US – Manufacturing…