STOCK PRICE INDEXES – AUSTRALIA

Investors focus on inflation, central banks

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Original article by Jessica Sier
The Australian Financial Review – Page: 20 : 25-Jul-16

Futures traders expect the Australian sharemarket to gain about four points when trading resumes on 25 July 2016. The local bourse is likely to benefit from a positive lead from Wall Street, having lost ground in the previous trading session. Investors will be awaiting the upcoming release of inflation data for the June quarter, which could provide guidance on the Reserve Bank’s next move on the interest rate front. The US Federal Open Market Committee’s monetary policy statement will also be closely scrutinised by investors.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CAPITAL ECONOMICS LIMITED, BANK OF JAPAN

Bourse climbs past 5500 level

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Original article by Daniel Palmer
The Australian – Page: 30 : 22-Jul-16

The Australian sharemarket posted solid gains on 21 July 2016, with the S&P/ASX 200 adding 0.43 per cent to close at 5,512.4. Rio Tinto was 1.1 per cent higher at $A48.52 and Oil Search also rose by 1.1 per cent to end the session at $A7.41. However, Regis Resources shed 5.3 per cent and South32 was down 1.1 per cent.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, OIL SEARCH LIMITED – ASX OSH, REGIS RESOURCES LIMITED – ASX RRL, SOUTH32 LIMITED – ASX S32, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, TELSTRA CORPORATION LIMITED – ASX TLS, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, NEWCREST MINING LIMITED – ASX NCM, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, METCASH LIMITED – ASX MTS, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, QUBE HOLDINGS LIMITED – ASX QUB, ASCIANO LIMITED – ASX AIO, AURIZON HOLDINGS LIMITED – ASX AZJ, IG MARKETS LIMITED, HOME TIMBER AND HARDWARE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AQUILA RESOURCES LIMITED, INTEROIL CORPORATION, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Australian bourse charts course higher but big tests ahead

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Original article by Jessica Sier
The Australian Financial Review – Page: 26 : 19-Jul-16

Australia’s benchmark S&P/ASX 200 has rallied in the wake of the UK’s vote to leave the European Union, rising above 5,400 points. Listed gold producers in particular have risen strongly amid the global trend toward "safe haven" assets, although the broader materials sector has also performed well. Meanwhile, the local market may benefit from the US equities rally, while the upturn in commodity prices in 2016 and Australia’s upcoming August corporate reporting season bode well for domestic shares.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, IG MARKETS LIMITED, STANDARD AND POOR’S 500 INDEX, JP MORGAN AND COMPANY INCORPORATED, CSL LIMITED – ASX CSL, COCHLEAR LIMITED – ASX COH, RESMED INCORPORATED – ASX RMD, AMCOR LIMITED – ASX AMC, BRAMBLES LIMITED – ASX BXB, RIVKIN SECURITIES PTY LTD

Investors to shrug off events in Turkey

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Original article by Mark Mulligan
The Australian Financial Review – Page: 20 : 18-Jul-16

Futures traders expect the Australian sharemarket to shed about 11 points when trading resumes on 18 July 2016, in response to growing geopolitical tensions worldwide. With a dearth of upcoming local economic data, investors will be awaiting the release of the minutes from the Reserve Bank’s monthly board meeting. Meanwhile,, the latest US economic data may provide some guidance on the timing of any change in US monetary policy.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, RESERVE BANK OF NEW ZEALAND, INTERNATIONAL MONETARY FUND, STANDARD AND POOR’S 500 INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL EMERGING MARKETS INDEX, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, EUROPEAN CENTRAL BANK, FEDERAL RESERVE BANK OF PHILADELPHIA

ASX tipped to hit 5500 by end of 2016

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Original article by Jessica Sier
The Australian Financial Review – Page: 21 : 11-Jul-16

Hasan Tevfik of Credit Suisse says Australian shares are relatively cheap at present, in comparison to alternative investments such as cash and bonds. Tevfik adds that the prospect of further official interest rate cuts should also prompt investors to switch to equities. Meanwhile, UBS notes that the market’s price-to-book value is now 13 per cent below the long-term average, and about 50 per cent lower in the case of resources stocks. UBS’s David Cassidy expects the market to be trading at around 5,500 points by the end of 2016.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, UBS HOLDINGS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, RESERVE BANK OF AUSTRALIA, CSL LIMITED – ASX CSL, BRAMBLES LIMITED – ASX BXB, AMCOR LIMITED – ASX AMC

Hung parliament syndrome: Lessons from Gillard in 2010

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 5-Jul-16

The potential for a hung parliament following the 2016 federal election is likely to weigh on investor sentiment in the near-term, although equities quickly recovered after a sell-off in the wake of the 2010 election. The prospect of another obstructive Senate in particular is a concern for investors, as it is likely to affect the timing of a return to a Budget surplus. However, financial markets are proving to be resilient to risk factors, as the rebound following the UK’s "Brexit" referendum demonstrates.

CORPORATES
WATERMARK FUNDS MANAGEMENT PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, CAPITAL ECONOMICS LIMITED, CITIGROUP PTY LTD, STANDARD AND POOR’S CORPORATION

ASX gains despite election uncertainty

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Original article by Jessica Sier
The Australian Financial Review – Page: 26 : 5-Jul-16

The Australian sharemarket posted solid gains on 4 July 2016, with the S&P/ASX 200 adding 0.7 per cent to close at 5,281.8. The knife-edge federal election result weighed on financial stocks, with Tristan K’Nell of Altair Asset Management noting that the Australian Labor Party will hold a royal commission into the banks if it wins office. However, resources groups benefited from a rise in commodity prices, while the yield on 10-year government bonds increased to 1.99 per cent after previously reaching a record low.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, ALTAIR ASSET MANAGEMENT PTY LTD, AUSTRALIAN LABOR PARTY, CAPITAL ECONOMICS LIMITED, OANDA AUSTRALIA PTY LTD, SELECT HARVESTS LIMITED – ASX SHV, RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, MORGAN STANLEY CAPITAL INTERNATIONAL ASIA-PACIFIC INDEX

Election shock means tougher job for RBA

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Original article by Vesna Poljak
The Australian Financial Review – Page: 28 : 4-Jul-16

The Australian sharemarket is expected to lose ground when trading resumes on 4 July 2016. Uncertainly regarding the outcome of the federal election is likely to weigh on investor sentiment, while the Australian dollar is tipped to fall after peaking at $US0.7503 in local trading on 1 July. Stephen Walters of the Australian Institute of Company Directors says Australia’s "AAA" credit rating may be reviewed as a result of the election. Meanwhile, economists say the Reserve Bank is now unlikely to reduce the cash rate in July.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, RESERVE BANK OF AUSTRALIA, FIIG SECURITIES LIMITED, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

ASX enjoys sweet end to sour financial year

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Original article by Jessica Sier
The Australian Financial Review – Page: 29 : 1-Jul-16

The Australian sharemarket posted solid gains on 30 June 2016, with the S&P/ASX 200 adding 1.8 per cent to end the financial year at 5,233.4. The Commonwealth Bank was 1.2 per cent higher at $A74.37 and BHP Billiton advanced 1.9 per cent to end the session at $A18.65. Woodside Petroleum rose 2.8 per cent to close at $A26.84 and Mayne Pharma was up 35.1 per cent at $A1.09. The benchmark index shed 4.1 per cent in 2015-16.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, MAYNE PHARMA GROUP LIMITED – ASX MYX, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, NEWCREST MINING LIMITED – ASX NCM, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, PM CAPITAL LIMITED, PERPETUAL INVESTMENTS, RESERVE BANK OF AUSTRALIA, COLES SUPERMARKETS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, FTSE 100 INDEX, FTSE 250 INDEX

Europe aftershocks set to rattle the globe

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Original article by Mark Mulligan
The Australian Financial Review – Page: 22 : 24-Jun-16

Futures traders expect Australia’s benchmark S&P/ASX 200 to be flat or rise slightly when trading resumes on 27 June 2016. However, European sharemarkets and the British pound could be further sold down in the next week, in the wake of the UK’s vote to leave the European Union. Meanwhile, Paul Bloxham of HSBC expects the Reserve Bank of Australia to leave the cash rate on hold in July, noting that low inflation remains the central bank’s focus.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, BANK OF ENGLAND, EUROPEAN CENTRAL BANK, JP MORGAN AND COMPANY INCORPORATED, LOMBARD STREET RESEARCH LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER