Bulls prevail in new yearly high

Original article by Daniel Palmer
The Australian – Page: 18 : 22-Dec-16

The Australian sharemarket posted solid gains on 21 December 2016, with the S&P/ASX 200 adding 22.4 points to close at 5,613.5. BHP Billiton was one per cent higher at $A25.17 and Woodside Petroleum advanced 0.3 per cent to end the session at $A31.04. However, the Commonwealth Bank was 0.2 per cent lower at $A82.09 and Slater & Gordon shed 7.5 per cent to finish at $A0.24.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, SLATER AND GORDON LIMITED – ASX SGH, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, SANTOS LIMITED – ASX STO, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, TELSTRA CORPORATION LIMITED – ASX TLS, QANTAS AIRWAYS LIMITED – ASX QAN, THE A2 MILK COMPANY LIMITED – ASX A2M, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, IG MARKETS LIMITED, CMC MARKETS PTY LTD, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Buoyant stocks at high for the year

Original article by David Rogers, Chris Kohler
The Australian – Page: 13 & 18 : 21-Dec-16

The Australian sharemarket posted solid gains on 20 December 2016, with the S&P/ASX 200 adding 0.5 per cent to close at 5,591.1. The benchmark index has risen by 5.6 per cent so far in 2016, and it may be poised for its best performance in a calendar year since 2013. Credit Suisse expects the S&P/ASX 200 to top 6,000 points by the end of 2017. The firm also forecasts that Australian bond yields will rise further.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, FORTESCUE METALS GROUP LIMITED – ASX FMG, SOUTH32 LIMITED – ASX S32, ESTIA HEALTH LIMITED – ASX EHE, SIRTEX MEDICAL LIMITED – ASX SRX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA, BLOOMBERG LP, TRANSURBAN GROUP LIMITED – ASX TCL, SYDNEY AIRPORT – ASX SYD

ASX, dollar shrug off budget update

Original article by Zac Crellin, Jens Meyer, Patrick Commins
The Australian Financial Review – Page: 28 : 20-Dec-16

Figures in the Federal Government’s Mid-year Economic and Fiscal Outlook on 19 December 2016 made a positive impression on investors. The S&P/ASX 200 Index closed 29 points higher at 5,562 points on the same day while the All Ordinaries index rose 23 points to 5,612. The Australian dollar traded at $US0.729 in late trade. Shares in Seven West Media fell eight per cent, after revelations that CEO Tim Worner and a former executive assistant had a sexual relationship.

CORPORATES
STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, STANDARD AND POOR’S ASX 200 INDEX, SEVEN WEST MEDIA LIMITED – ASX SWM, SYRAH RESOURCES LIMITED – ASX SYR, ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO, AUSTRALIA. DEPT OF THE TREASURY

Santa rally looking strong after ‘great escape’

Original article by David Rogers
The Australian – Page: 27 : 30-Nov-16

Australia’s S&P/ASX 200 has gained 2.6 per cent so far in November 2016, and it seems poised to achieve its best performance for the month since 2005. Meanwhile, Macquarie Group is upbeat about the outlook for the benchmark index in 2017, forecasting that it will rise by 7.5 per cent to around the 5,875-point level. However, Macquarie notes that the local market could potentially be affected by a number of overseas factors in 2017.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MACQUARIE GROUP LIMITED – ASX MQG, UNITED STATES. FEDERAL RESERVE BOARD, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Recovery looks set to stay the course for year

Original article by David Rogers
The Australian – Page: 31 : 24-Nov-16

Australia’s S&P/ASX 200 has gained 8.6 per cent since Donald Trump won the US presidential election. The market has not staged a similar rally since December 2015, which followed a global equities sell-down prior to the rise in US interest rates. Financial markets have already priced in the next rise in US rates, so there would seem to be few factors that could potentially stall the domestic bourse’s recent rally.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, DEUTSCHE BANK AG, UNITED STATES. FEDERAL RESERVE BOARD, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, AMCOR LIMITED – ASX AMC, MACQUARIE GROUP LIMITED – ASX MQG, ARISTOCRAT LEISURE LIMITED – ASX ALL, INCITEC PIVOT LIMITED – ASX IPL, TELSTRA CORPORATION LIMITED – ASX TLS, SYDNEY AIRPORT – ASX SYD, RESERVE BANK OF AUSTRALIA

Stocks bounce back, buoyed by Trump’s fiscal optimism

Original article by Vesna Poljak
The Australian Financial Review – Page: 23 & 34 : 11-Nov-16

The Australian sharemarket posted its largest single-day gain in more than five years on 10 November 2016, while Wall Street defied expectations of a big fall after the election of Donald Trump, finishing in the black. The Australian dollar also rallied, while local and US 10-year bond yields rose. Financial markets have scaled back the odds of a reduction in Australia’s cash rate by mid-2017, while there has been a slight easing of expectations of a rate rise in the US in December 2016.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NIKKEI 225 INDEX, HANG SENG INDEX, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, EURO STOXX 50 INDEX, PM CAPITAL LIMITED, RESERVE BANK OF NEW ZEALAND, UNITED STATES. FEDERAL RESERVE BOARD, QIC LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Wave of uncertainty wipes $30bn

Original article by David Rogers
The Australian – Page: 21 & 30 : 10-Nov-16

The Australian dollar and the domestic sharemarket fell sharply on 9 November 2016, in response to the election of US presidential candidate Donald Trump. The S&P/ASX 200 reached an intra-day low of 5,052.1 before closing down 1.9 per cent at 5156.6. In the US, S&P 500 futures initially fell by more than five per cent, which resulted in a temporary suspension of trading. Some analysts expect "risk-off" trading to be sustained for some time, while the prospect of an interest rate rise in the US in December appears to have diminished. The Australian dollar reached a low of $US0.758 in local trading, and Westpac’s Robert Rennie says it could fall below $US0.74 in the near-term.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, FTSE 100 INDEX, UNITED STATES. FEDERAL RESERVE BOARD, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CITIGROUP PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, CAPITAL ECONOMICS LIMITED

Buckle up for a day of unusual volatility

Original article by David Rogers, Andrew White, Paul Garvey
The Australian – Page: 19 & 28 : 9-Nov-16

The US presidential election is set to dominate financial market trading on 9 November 2016. Voting trends will have emerged by the time the Australian sharemarket opens, while market volatility can be expected as exit polls are released over the course of the local trading day. The Chicago Board Options Exchange’s Volatility Index has returned to its long-term average of 19, which suggests that financial markets do not anticipate that Donald Trump will win.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, STANDARD AND POOR’S 500 INDEX, UNITED STATES. FEDERAL RESERVE BOARD, VOTECASTR, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES), RESERVE BANK OF AUSTRALIA, MONASH UNIVERSITY, ECONOMICS SOCIETY OF AUSTRALIA, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, AUSDRILL LIMITED – ASX ASL

Clinton victory set to unleash a ‘wave of cash’ into global markets

Original article by David Rogers, Glenda Korporaal, Michael Bennet
The Australian – Page: 19 & 32 : 8-Nov-16

The Australian sharemarket rallied on 7 November 2016, after a new FBI probe cleared US presidential candidate Hillary Clinton over the use of a private email server. AMP Capital’s Nader Naeimi says investors are likely to reallocate cash holdings to higher-risk assets if Clinton wins the election. Meanwhile, Paul Donovan of UBS has warned that world trade and global capital flows could be disrupted if Donald Trump becomes president.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, UBS AG, WESTPAC BANKING CORPORATION – ASX WBC, NIKKEI 225 INDEX, NZSX-50 INDEX, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, UNITED STATES. FEDERAL RESERVE BOARD

ASX slips for a third day, US worry lingers

Original article by Jessica Sier
The Australian Financial Review – Page: 26 : 4-Nov-16

The S&P/ASX 200 index closed 0.1 per cent lower at 5,225.6 points on 3 November 2016. The All Ordinaries index declined 0.1 per cent to 5,306.5. Investors are concerned about the chaotic US presidential election. Shares in Warrnambool Cheese & Butter Factory rose 5.2 per cent to $A6.85 following the announcement of a profit of $A20.8 million in the six months to 30 September and a 10 per cent rise in revenue to $A325.9 million.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED – ASX WCB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UNITED STATES. FEDERAL RESERVE BOARD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BORAL LIMITED – ASX BLD, SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO