Bull to bear in three weeks with market down 20pc as Trump leaves the world waiting

Original article by David Rogers
The Australian – Page: 17 & 27 : 12-Mar-20

The Australian sharemarket is now officially in bear market territory, having shed 20 per cent since reaching a record high of 7,162.5 points just three weeks ago. Some $13bn worth of shares changed hands on 11 March, which is the fifth-highest daily total on record. Richard Coppleson of Bell Potter expects market volatility to persist for at least another month or so. Meanwhile, Josh Williamson of Citigroup now expects Australia to record minus 0.25 per cent GDP growth in the March quarter and zero growth in the June quarter.

CORPORATES
BELL POTTER SECURITIES LIMITED, CITIGROUP PTY LTD

$150bn shares rout as oil crunch sparks panic

Original article by David Rogers
The Australian – Page: 1 & 6 : 10-Mar-20

The Australian sharemarket has recorded its biggest one-day fall since the global financial crisis. The benchmark S&P/ASX 200 shed 455.6 points or 7.3 per cent to close at 5,760.6 points on 9 March. The local market has now lost 19.6 per cent in less than three weeks. Asian markets were also heavily sold down. Mining and energy stocks have been amongst the hardest hit, with BHP falling 14 per cent and Oil Search down 35 per cent after a big fall in the crude oil price.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, BHP GROUP LIMITED – ASX BHP, OIL SEARCH LIMITED – ASX OSH

Investors rush to safe havens as stocks slide, dollar dives in coronavirus rout

Original article by David Rogers
The Australian – Page: 17 & 26 : 28-Feb-20

The Australian sharemarket has fallen by seven per cent since reaching a record high of 7,197.2 points on 20 February, slashing its capitalisation by $150bn. The benchmark S&P/ASX 200 reached an intra-day low of 6,630.5 points on 27 February, its lowest level in three months, while the Australian dollar tested an 11-year low. Mikhail Sprogis of Goldman Sachs has forecast that the gold price will top $US1,800 an ounce in the next 12 months, amid a flight to safe-haven investments.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, THE GOLDMAN SACHS GROUP INCORPORATED

Market sinking in a sea of red

Original article by David Rogers
The Australian – Page: 17 & 27 : 27-Feb-20

The Australian sharemarket has shed 6.3 per cent since reaching a record high of 7,197.2 points on 20 February, slashing its capitalisation by $136bn. Richard Coppleson of Bell Potter believes that a further sell-off is likely amid growing concern about the spread of the coronavirus beyond mainland China. Wall Street and Asian sharemarkets have also retreated, while the Australian dollar fell to an 11-year low in local trading on 26 February.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, BELL POTTER SECURITIES LIMITED

Markets hit fresh record high

Original article by David Rogers
The Australian – Page: 17 & 26 : 21-Feb-20

The Australian sharemarket has gained 7.2 per cent so far in 2020, with the benchmark S&P/ASX 200 reaching a new intra-day high of 7,197.2 points on 20 February. The rally saw a number of blue-chip stocks rise to new highs. Meanwhile, the Australian dollar fell to its lowest level in more than a decade in response to data showing that the unemployment rate rose to 5.3 per cent in January. This in turn heightened market expectations of an official interest rate cut by August.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA

Investors see windfall from iron ore giants

Original article by Vesna Poljak, William McInnes, Lucas Baird, Elouise Fowler
The Australian Financial Review – Page: 13 & 20 : 17-Feb-20

Futures pricing suggests that the Australian sharemarket will shed about 0.2 per cent when trading resumes on 17 February, after the benchmark S&P/ASX 200 approached a record high in the previous session. The earnings season will be a key focus for investors in the next week, with speculation that BHP and Fortescue Metals Group will increase their dividend payouts due to a strong iron ore price. The impact of the bushfires and the coronavirus on some companies will also be closely scrutinised.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG

How CSL and BHP helped drive the index above 7000

Original article by William McInnes
The Australian Financial Review – Page: 27 : 17-Jan-20

The S&P/ASX 200 has taken just over two years to rise from 6,000 points to its new record high of 7,000. The index rose above 6,000 for the first time since the global financial crisis on 7 November 2017. BHP and CSL have been the biggest contributors to the S&P/ASX’s 200 rally since this time, adding 200 and 277 points respectively to the benchmark. Shares in CSL were trading at just $144.59 in November 2017, and the stock rose above $300 for the first time on 16 January.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX,{SPAC}BHP GROUP LIMITED – ASX BHP,{SPAC}CSL LIMITED – ASX CSL

Investors ride out Iran’s missile attacks

Original article by David Rogers
The Australian – Page: 13 & 18 : 9-Jan-20

The price of Brent crude oil has peaked at a four-month high in response to Iran’s missile attacks, while the spot gold price reached an 11-year high. The Australian dollar fell to a three-week low, but the local sharemarket closed only slightly down after clawing back initial losses. Kyle Rodda of IG Markets has downplayed the prospect of a US-Iran war, noting that this would not be in the strategic interests of either country. AMP Capital’s Shane Oliver warns that geopolitical risk will remain an issue in 2020.

CORPORATES
IG MARKETS LIMITED, AMP CAPITAL INVESTORS LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

ASX could hit 7000, but don’t get too excited

Original article by Luke Housego
The Australian Financial Review – Page: 13 & 26 : 7-Jan-20

Market strategists are generally upbeat about the outlook for Australian equities in 2020, with the majority forecasting that the S&P/ASX 200 will reach 7,000 points. However, Chris Nicol of Morgan Stanley expects the benchmark to end the year at just 6,700 points, while Hasan Tevfik of MST Marquee has a year-end target of 7,100. Meanwhile, Damien Boey of Credit Suisse has forecast earnings-per-share growth of seven per cent.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY AUSTRALIA LIMITED, MST MARQUEE, CREDIT SUISSE (AUSTRALIA) LIMITED

ASX creates the Aussie Nasdaq index

Original article by Paul Smith
The Australian Financial Review – Page: 14 & 16 : 16-Dec-19

Stock exchange operator ASX Limited will launch the S&P All Technology Index in February. It will be based on the Nasdaq Composite Index, and will offer an alternative listing option for technology companies whose capitalisation is too small for the US index. The ASX’s Max Cunningham says the new index should raise the profile of smaller technology companies. The existing S&P/ASX 200 Information Technology index covers just 13 stocks.

CORPORATES
ASX LIMITED – ASX ASX, STANDARD AND POOR’S FINANCIAL SERVICES LLC, NASDAQ COMPOSITE INDEX, STANDARD AND POOR’S ASX 200 INFORMATION TECHNOLOGY INDEX, WISETECH GLOBAL LIMITED – ASX WTC, APPEN LIMITED – ASX APX, XERO LIMITED – ASX XRO, COMPUTERSHARE LIMITED – ASX CPU, AFTERPAY TOUCH GROUP LIMITED – ASX APT, ALTIUM LIMITED – ASX ALU, LINK ADMINISTRATION HOLDINGS LIMITED – ASX LNK, NITRO SOFTWARE LIMITED – ASX NTO, TYRO PAYMENTS LIMITED – ASX TYR, LATITUDE FINANCIAL GROUP LIMITED, RETAIL ZOO PTY LTD, PROPERTYGURU LIMITED