Afternoon Report Friday 23 January 2015
• The ASX 200 rallied as expected, ending 82 points higher at 5502 as bets on the RBA to reduce rates in the near future builds.• The yielding stocks performed well, with Commonwealth Bank (CBA) up 1.2% at $86.23, ANZ up 1.4% at $32.20 and Telstra (TLS) up 1.1% at $6.34.• China manufacturing hindered for 2 months in a row, with its HSBC/Markit Flash PMI reported at 49.8 in January, 50+ is an indication of a positive economy.• The Oil market surged today, following the passing of the King of Saudi Ariabia, will there be a change in policy soon?• Please watch out for the Hickman Report tomorrow.
Best Sector – EnergyWorst Sector – Consumer Staples
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