COMPANY AND ECONOMIC NEWS Sigma Healthcare (SIG) has its underwhelming consensus recommendation retained following news of ACCC scrutiny towards its proposed merger with Chemist Warehouse. Opinions are skewed to the risky side, the majority of brokers think the company will not be able to address all the ACCC concerns. The main problem is raised by…
SPI Futures down 17 this morning – this week the focus is on the RBA tomorrow although its pretty clear what they’re going to say
There is nothing wrong with an industry super fund or a large retail-managed super fund. But do you know your login?
A soggy week for the Australian market thanks to a 4% drop in the resources sector. Outside of that the news was good on the macro front with better-than-expected CPI and PPI numbers out of the US which overshadowed a somewhat hawkish FOMC meeting. Australian jobs numbers killed hopes of a rate cut here. The…
Overnight, the NASDAQ rose to a record high for a fifth consecutive session, edging up 0.12%, buoyed by gains in Adobe +14.5% and other tech stocks. The S&P 500 ended its four-day winning streak, slipping 0.04%, and the Dow lost 58 points (-0.15%). US consumer sentiment data fell for a third consecutive month to 65.6…
All of this week’s Marcus Take Podcasts in one place!
A floppy week down 1.7% – Resources sprung a leak while the NASDAQ rallied 3% – its all Big Tech and Bond yields this week
Great PPI numbers. Good Jobless number. Bond yields drop again. Eyes on PCE Price index number on June 28. Big Tech carries on – Adobe up 16% after hours. Nvidia up 3.5%. Europe worrying about politics. Resources down again as the US dollar rises. Australian Iron ore producers trapped in China. Education Corner – The Thing That Waste Your Time – Part 3
Drifting into the end of a pretty sloppy week – ASX 200 down 1.7% as we write. US market unchanged despite good inflation numbers.
The ASX 200 has finished the week down 25 points (-0.3%) to 7724 as traders went risk-off ahead of the weekend. Telecom was the worst performing sector after a 0.85% drop in TLS and 3% fall in CAR. Technology failed to rally behind the relentless NASDAQ, ending next worst. WTC down 2.8%, XRO down 0.6%…
