Month: March 2014
The ASX 200 ignored offshore weakness on Friday night, recovering from intraday lows of -36pts to close up a modest +8pts.
Banks share prices have a negative correlation to rising interest rates, but insurance company’s earnings benefit from rising rates.
This is without doubt the question I get asked the most frequently on a daily, weekly, monthly monthly basis. There is a whole industry of scare mongering investors with doom and gloom newsletters. For some reason, people want to read about an impending crash much more than markets being solid and appreciating in the order of 10% over the coming 12 months.Please see our Market Matters video update – Doom & Gloom
The ASX 200 followed overnight leads from the US, closing +44 points higher with OTH the banking and mining sectors posting gains. CBA finished the day +69c, NAB +26c, BHP +38c & RIO +57c.
Interest rates to rise in the US, how may it effect you?
The ASX 200 drifted lower with March futures expiring this morning and no sight of buyers in it the market. BHP led the miners lower, closing -59c, whilst WBC led the banks closing -45c.
The Oil price is significantly more stable than the natural gas price with only one major move over the last 20 years and that unsurprisingly was the GFC (chart 1). Hence, one of my concerns about investing in natural gas stocks is instantly removed. However, the three natural gas stocks I covered yesterday are also three of the largest oil stocks in Australia, so that clouds the water slightly, hence, easier to simply evaluate on individual merits. I have focused on three smaller oil stocks for the first time:
The ASX 200 failed to follow strong overnight gains, limping to a small 11 point gain. Had it not been for strength in the banks, with ANZ +17c and CBA +26c, we would likely have closed in negative territory.
Here is our Market Matters video update on Gold as mentioned in yesterday’s Morning Report
The ASX 200 closed 26 points higher today, with banks and resources both providing support. Commonwealth Bank (CBA) posted a +34c gain, National Australia Bank (NAB)+ 34c, BHP Billiton (BHP) +60c & RIO Tinto (RIO) +57c.
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
