Afternoon Report Friday 16 January 2015
• The selling continued in the ASX 200 today, ending 32 points lower at 5,299 after trading as low as 5267.• The weakness was stemmed from overseas global economic uncertainty, particularly after the Swiss central bank surprisingly removed the ceiling of its currency against the Euro.• Commonwealth Bank (CBA) remains to be the Alpha from the pack, closing 0.1% higher at $83.57 while ANZ closed 0.8% lower at $31.26. As anticipated, Macquarie Group (MQG) fell 1% at $55.29, underperforming the broader market as anticipated.• QBE Limited (QBE) fell 3.6% at $10.38 as investors begin to believe that the US will likely raise its interest rates later than expected.• The Healthcare sector was hit hard, as CSL loses 3.8% at $83.00 as investors weigh its exposure with the Swiss.• Please watch out for the Hickman Report tomorrow.
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