Australian Investment Blog

Stock markets hate uncertainty, almost more than bad news and over the last 24 hours, some two potential concerns have been removed from the minds of investors/traders. For me, it will become a classic “Today’s news is tomorrow’s fish & chip paper.”

1. Federal Budget – no major surprises, the government has gone for a spending budget to encourage growth, almost the complete opposite to what we experienced in 2014. The cynical may think it’s also a budget with one eye on the opinion polls.2. NAB has recommenced trading and the nature of the $5.5bn Capital raising, being via a rights issue at $28.50, led to a solid performance for the NAB share price.