Market Matters Afternoon Report Wednesday 25th May 2016

Afternoon Report 25/05/2016

Market Matters Afternoon Report Wednesday 25th May 2016

Good Afternoon everyone

Market Data

What Mattered Today

The Australian share market followed on from the US lead this morning, rallying as much as 5394, only to fade slowly at lunch to close on its lows, still up 77 points to 5,372. Another landmine is close to being triggered, with Wesfarmers (WES) downgrading its profit outlook. The banking sector was resilient today with Westpac (WBC) up 2.2%.The energy sector led the way today, Santos ended up $0.11 (+2.6%) to $4.28.

Stocks & Sectors Today

Source; Bloomberg

ASX 200 Movers

What Matters Tonight

US Advance Goods Trade Balance (Apr)
US Fed's Kaplan Speaks in Houston
US FHFA House Price Index (Mar)
US House Price Purchase Index (1Q)
US Markit US Composite PMI (May P)
US Markit US Services PMI (May P)
US MBA Mortgage Applications
US New Home Sales (Apr)
US Richmond Fed Manufacturing. Index (May)

European leads are pointing higher with the FUTURES on the FTSE +0.6%, & DAX +1.33%
DOW FUTURES are up 1.31% pts while the S&P 500 FUTURES are 0.3% higher

Regards,

The Market Matters Team
Level 12 28-34 O'Connell St
Sydney, NSW 2000.

All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 25/05/2016. 4:40PM.

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