Market Wrap – 4th May 2018

Market Summary  A recurrent theme over the last week; despite weak leads from the United States, the Australian market had another positive day (its fifth consecutive session), led by the mining sector as commodity prices rose. Major indices in the United States were mixed, with the S&P 500 and Nasdaq, whereas the Dow Jones eradicated

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Market Wrap – 3rd May 2018

Market Summary  The Australian market had another positive session on Wednesday, marking the fourth consecutive trading day for which the ASX has moved upwards. Quarterly updates took centre-stage, leading the market forward, before the index-heavy banks etched gains particularly in the afternoon hours of Wednesday’s session, to push the market even further. US markets had

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Market Wrap – 2nd May 2018

Market Summary Despite SPI futures indicating a potential weaker open, the Australian market had another strong session on Tuesday, led by solid gains to the big-four’ banks. Interestingly, the ASX200 closed above the psychological 6000 pint-barrier for the first time since late February, as ANZ Group (ASX: ANZ), released a promising half-year report, highlighted by

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Market Wrap – 1st May 2018

Market Summary Despite SPI Futures indicating a relatively flat open, the Australian market, spurred by gains to the ‘big four’ banks, rose on Monday. US markets were heavily influenced by merger and acquisition activity to commence the trading week, with all major indices closing lower after an encouraging open. Exemplar, antitrust concerns persist regarding T-Mobile’s

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Market Wrap – 30th April 2018

Market Summary The Australian market rose on Friday after a strong lead from the United States. As a result, the ASX200 gained 1.24% for the shortened trading week, with the only losses experienced on Thursday. In its final trading session for the week, the US markets were relatively choppy, after gains by retailers (led by

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Market Wrap – 27th April 2018

Market Summary Despite SPI futures indicating a strong open yesterday, the market opened in the negative, with such continuing throughout the day (with a slightly period in which the index was in the positive). As has been the case for the last month, the major drag on the index was the ‘big four’ banks, (particularly,

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Market Wrap – 26th April 2018

Market Summary On Tuesday, the Australian market extended gains as the ‘big four’ banks closed in the positive. Gains however were dragged by the miners, as Fortescue Metals (ASX: FMG), Rio Tinto (ASX: RIO) and SOUTH32 Limited (ASX: S32) all experienced losses in excess of 2%. Given that the Australian market was closed on Wednesday

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Market Wrap – 24th April 2018

Market Summary The Australian market had a positive start to the trading week, with the index led by gains made to the ‘big four’ banks. Interestingly, this was despite the futures market index prior to the market open on Monday indicating a lower open. The US markets had an interesting session, for which a positive

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Market Wrap – 23rd April 2018

Market Summary Despite Friday’s losses, the Australian market rose for a third consecutive week (up 39.7 points for the entire trading week). Interestingly, the mining sector lead the index, recouping the losses recorded by the heavily-maligned financial sector, who continue to be scrutinised by the ongoing commission. In the United States, markets were dragged down

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Market Wrap – 20th April 2018

Market Summary As was the case the prior day, Thursday’s trading session was led by the mining sector, as the ‘big-four’ banks continued to drag the index. The mining and resources sector had a strong session after the prices for commodities (iron ore, aluminium, nickel and oil) all rose quite significantly. Representative of the entire

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