Australian Investment Blog

Good Afternoon everyone

Market Data

What Mattered Today

A positive lead from overseas – particularly in commodity markets got the ASX off to a good start….even the fall in the AUD overnight to trade around US75c helped to support the miners….but again, the banks lagged and failed to add any index points in aggregate. That was left to the miners with BHP closing up +4.68% to $20.57 and adding an impressive +10pts to the ASX 200. RIO was also up +3.86% to $50.29 adding +2 index points to the broader market.

Currencies drove stocks for a second day with the Bank of Japan seemingly disappointing investors with no additional stimulus, which sent the USD/JPY sharply lower (i.e the JPY sharply higher)….and stocks here got volatile after the move saw selling of Japanese equities.

Still, we managed to claw our way back and closed reasonably well; up +37 points on the session. Volatility is starting to rear its head again, but it seems we’re only just starting to get compensated for the vol in the options market – with the VIX starting to tick marginally higher since early March lows….It’s still low but ticking up….

Pacific Brands (PBG) owner of Bonds copped a takeover bid from Hanes valued at $1.1bn today – and the shares understandably spiked…up +22% to $1.155…

Woolies (WOW) was also strong today….up +3.62% to close at $22.03 after the AFR reports that comments from a Woolworths Liquor executive in regards to the announced namechange of its liquor business to Endeavour Drinks Group has raised interest that the division could be at the initial stage of demerger, IPO or trade sale.

Stocks & Sectors Today
Source; Bloomberg

ASX 200 Movers


***What Matters Tonight***

European leads are weak with the FUTURES on the FTSE -26, DAX -74 & CAC –41

DOW FUTURES are off -131 while S&P 500 FUTURES are off -16…
Reporting tonight in the U.S we have– Amazon / Dow Chem / Ford / UPS / Viacom



Regards,
The Market Matters Team
Level 12 28-34 O'Connell St
Sydney, NSW 2000

All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 28/04/2016. 5:10PM.

Reports and other documents published on this website and email (‘Reports’) are authored by Market Matters and the reports represent the views of Market Matters. The MarketMatters Report is based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.

The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distributions without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor. Market Matters or its author(s) accepts no responsibility for any losses or damages resulting from decisions made from or because of information within this publication. Investing and trading in financial products are always risky, so you should do your own research before buying or selling a financial product.

The Reports are published by Market Matters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports.

If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.