Morning Report Thursday 14 May 2015
I apologise for the delayed report today due to circumstances beyond our control.
Over the recent month, investors’ focus continues to shift away from the high yielding stocks to turn around stocks. This has been widely witnessed in the domestic retail sector, particularly in the last 48 hours spurred by the Federal Budget and especially the $20k tax break on spending for small businesses. Recent points of note in the retail sector:
• The Federal Budget contained plans to cut taxes for small businesses to help improve business and consumer confidence including retail spending – Positive outlook for the Domestic Retail Sector.• China Retail Sales reported below expectations.• US Retail Sales also reported below expectations overnight, sending the $A higher.• The ever increasing influence on-line shopping within the sector.
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