Author: james Carter
A fairly quiet day today, no doubt in anticipation of Federal Reserve events in the U.S. tonight. The ASX 200 steadily declining from morning highs to close down 5 points at 5448.
Recently, the weekend Australian Financial Review led with “Can you still bank on the banks?” So I thought it was time to revisit the asset class upon which so many Australians are heavily reliant – dividends. I shine the spotlight predominantly today on the big banks and Telstra (TLS).
Oil joins the Iron Ore & Copper “Bear Party”
It was a choppy market with the ASX 200, closing only 6 points lower at 5,453.
25 European Banks failing health check before the Murray inquiry results
**ANZ Banking Group (ANZ) is currently placed in trading halt, requested until Wednesday, pending a release by the company**
Please excuse the lack of creativity in this morning’s report, but I have been at hospital all night after my son had an asthma attack – very glad it’s Friday! We have had a wild and exciting few weeks in the market which has unfolded almost exactly as we had expected, hence until we witness a change to the pattern I will be focusing on the below views.
The ASX 200 advanced, closing 29 points higher at 5412 again, led by the banking sector with Commonwealth Bank (CBA) closing 60c higher at $78.77.
See our Market Matters video update 22nd October – Medibank, Interest Rates and Top Pick
The ASX 200 closed slightly lower, down 3 points to 5383 in a fairly quiet day but resilient to offshore falls.
Really bullish, there's more to go in the reflation rally
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