Author: james Carter
**Commonwealth Bank (CBA) releases its March quarter update with a 3Q net profit of $2.3Bn.**
The ASX200 opened strongly as expected, given all-time highs again hit in the Dow overnight, up +56 points at one stage to close up +50 points.
Overseas markets show their hand: how about Australia?
The ASX200 had an unusual open, only to normalise and close down 12 points.
Nickel prices are the highest in two years as Iron Ore softens, switch?
The ASX200 was sold off early in the session, only to recover throughout the afternoon to close -15 points to 5,461.
Oil price remains stable despite building tensions between the Ukraine and Russia. What about the oil stocks?
The ASX200 followed overnight leads, closing +41 points at 5,476 and recovering most of yesterday’s losses.
***NAB Reports 1H cash profit of $3.15b and interim dividend of $0.99**
The market was sold off heavily today, following on from overnight leads and in line with regional markets, closing down -46 points. A lower than expected March retail sales print of +0.1% vs. +0.4% expected also added downward pressure.
Really bullish, there's more to go in the reflation rally
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