STOCK PRICE INDEXES – AUSTRALIA

Bets mount on second cash rate cut in weeks

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Original article by Mark Mulligan
The Australian Financial Review – Page: 22 : 2-Mar-15

Futures traders expect the Australian sharemarket to lose ground when trading resumes on 2 March 2015. With the reporting season over, investors are likely to focus on economic data to be released in the coming week, as well as the Reserve Bank’s monthly board meeting. The recent release of disappointing capital expenditure data has heightened speculation that the central bank could reduce the cash rate again in March, following a 25-basis point cut in February

CORPORATES
RESERVE BANK OF AUSTRALIA, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, UBS HOLDINGS PTY LTD, PEOPLE’S BANK OF CHINA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, STANDARD AND POOR’S ASX 200 INDEX, WOOLWORTHS LIMITED – ASX WOW

BHP and QBE drive index closer to 6000

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Original article by Misa Han
The Australian Financial Review – Page: 32 : 25-Feb-15

The Australian sharemarket posted solid gains on 24 February 2015, with the S&P/ASX 200 adding 0.3 per cent to close at 5,927. The Commonwealth Bank was 0.7 per cent higher at $A91.04 and BHP Billiton rose by 2.9 per cent to end the session at $A33.06. However, National Australia Bank shed 0.2 per cent to finish at $A37.58 and MMA Offshore was 11.7 per cent lower at $A0.87

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MMA OFFSHORE LIMITED – ASX MRM, RIO TINTO LIMITED – ASX RIO, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, QBE INSURANCE GROUP LIMITED – ASX QBE, WOODSIDE PETROLEUM LIMITED – ASX WPL, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, TELSTRA CORPORATION LIMITED – ASX TLS, AMCOR LIMITED – ASX AMC, PM CAPITAL LIMITED, UBS HOLDINGS PTY LTD, CITIGROUP PTY LTD, BLOOMBERG LP, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

ASX has 6000 points in its sight

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Original article by Sally Rose
The Australian Financial Review – Page: 20 : 23-Feb-15

The S&P/ASX 200 shed 0.4 per cent on 20 February 2015, closing at 5,881.5 points. However, the Australian sharemarket has gained 8.7 per cent so far in 2015, and the benchmark index reached a year-to-date high of 5,915.7 on 18 February. There is agreement among six equities strategists that the S&P/ASX 200 will soon breach the 6,000-point level, although they do not expect it to reach the record high of 6,828.7 for another 2-3 years

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, DEUTSCHE BANK AG, PERPETUAL LIMITED – ASX PPT, RESERVE BANK OF AUSTRALIA, PEOPLE’S BANK OF CHINA, MACQUARIE RESEARCH EQUITIES, MACQUARIE BANK LIMITED – ASX MBL, TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, AMP CAPITAL INVESTORS LIMITED, UBS WEALTH MANAGEMENT AUSTRALIA LIMITED, MLC LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES ACCUMULATION INDEX, STANDARD AND POOR’S 500 INDEX

Challenges ahead may thwart ASX 200 tilt at the 5900 level

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Original article by John Wasiliev
The Australian Financial Review – Page: 30 : 17-Feb-15

Australia’s benchmark S&P/ASX 200 Index closed just below the 5,900-point threshold on 16 February 2015. OANDA’s Stuart McPhee notes that 5,800 has been a key resistance level for the index, which he believes will find support at that level. Factors such as the corporate reporting season and the imminent closure of Asian markets for Chinese New Year are likely to influence the S&P/ASX 200 in the near-term, and its ability to rise above 5,900 points

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, OANDA AUSTRALIA PTY LTD, CMC MARKETS PTY LTD, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AMP LIMITED – ASX AMP, SANTOS LIMITED – ASX STO, LEIGHTON HOLDINGS LIMITED – ASX LEI, AMCOR LIMITED – ASX AMC, IG MARKETS LIMITED

ASX revving as results season hits high gear

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 20 : 16-Feb-15

Futures traders expect Australia’s S&P/ASX 200 to advance 29 points when trading resumes on 16 February 2015. The benchmark index closed at a seven-year high of 5,877.5 on 13 February. A number of blue-chip stocks are slated to release their latest financial results in the coming week, while the prospect of further monetary policy easing should also bolster sentiment toward equities. Meanwhile, the Australian dollar has fallen to $US0.7744 and it is widely tipped to lose more ground

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMCOR LIMITED – ASX AMC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, FORTESCUE METALS GROUP LIMITED – ASX FMG, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, WESFARMERS LIMITED – ASX WES, CITIGROUP PTY LTD, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, AMP CAPITAL INVESTORS LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RIO TINTO LIMITED – ASX RIO, TELSTRA CORPORATION LIMITED – ASX TLS

Volatility casts shadow over earnings forecasts

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Original article by Richard Gluyas
The Australian – Page: 19 : 2-Feb-15

Stock price analysts and market economists are predicting renewed turmoil during the Australian profit reporting season in February 2015. Major factors are the rapid decline in mining and energy commodities prices after companies last issued their earnings forecasts, and the overall subdued trading conditions. However opinion is divided on how the S&P/ASX 200 Index will perform during calendar 2015, with Tim Rocks of Commonwealth Bank of Australia expecting a drop of 10% to around 5,000 points while Tony Brennan of Citi says the result will be a 9% gain to 5,850

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CITIGROUP PTY LTD, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

ASX stocks tipped to lag world

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Original article by Jonathan Shapiro, Vesna Poljak
The Australian Financial Review – Page: 1 & 6 : 14-Jan-15

The MSCI World Accumulation Index has significantly outperformed Australia’s S&P/ASX All Ordinaries Accumulation Index over the last year and a five-year period. Fund managers expect international stocks to deliver better returns again in 2015, with Australian resources and banking stocks in particular likely to weigh on returns. PM Capital’s Ashley Pittard says that unlike global markets, the Australian sharemarket is in a corrective phase

CORPORATES
MORGAN STANLEY CAPITAL INTERNATIONAL WORLD ACCUMULATION INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES ACCUMULATION INDEX, PM CAPITAL LIMITED, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, PETERS MACGREGOR INVESTMENTS LIMITED, ALTIUM LIMITED – ASX ALU, STREAM GROUP LIMITED – ASX SGO, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG

Investors’ love of local shares proves a costly passion

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 22 : 17-Dec-14

The S&P 500 Index has risen by 7.5 per cent so far in 2014, while Australia’s S&P/ASX 200 has shed 3.6 per cent in local currency terms. The local benchmark index has fallen by 20 per cent in US currency terms since September. Research shows that international shares are widely tipped to continue to outperform in 2015, while PM Capital’s Paul Moore argues that Australian investors should increase their exposure to offshore assets

CORPORATES
STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX 200 INDEX, PM CAPITAL LIMITED, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, LIVEWIREMARKETS.COM, MERCER INVESTMENTS PTY LTD, AUSTRALIAN ETHICAL INVESTMENT LIMITED – ASX AEF, TOKYO STOCK PRICE INDEX, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, MORGAN STANLEY CAPITAL INTERNATIONAL EUROPE INDEX

A-REITs outperform

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 12-Nov-14

Australia’s S&P/ASX 200 A-REIT Index gained 6.8 per cent in October 2014, recovering from a sharp sell-off early in the month. Morgan Stanley has an overweight position on a number of listed property trusts, while Goldman Sachs has a "buy" rating on Mirvac Group, DEXUS Property Group, GPT Group, Hotel Properties Investments and Goodman Group

CORPORATES
STANDARD AND POOR’S ASX 200 A-REIT INDEX, MORGAN STANLEY AUSTRALIA LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, GPT GROUP – ASX GPT, MIRVAC GROUP – ASX MGR, DEXUS PROPERTY GROUP – ASX DXS, GOODMAN GROUP – ASX GMG, HOTEL PROPERTIES INVESTMENTS – ASX HPI, BWP TRUST – ASX BWP, SCENTRE GROUP – ASX SCG, NOVION PROPERTY GROUP – ASX NVN, FEDERATION CENTRES – ASX FDC, LEND LEASE GROUP LIMITED – ASX LLC, STOCKLAND – ASX SGP, NATIONAL STORAGE REIT – ASX NSR, ARENA REIT – ASX ARF, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, INVESTA OFFICE FUND – ASX IOF, WESTFIELD CORPORATION – ASX WFD, CHARTER HALL RETAIL REIT – ASX CQR, UNITED STATES. FEDERAL RESERVE BOARD

Few shares spared as index heads to correction

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Original article by Patrick Commins
The Australian Financial Review – Page: 21 : 15-Oct-14

Bearish sentiment toward equities means that just 11 stocks in Australia’s benchmark S&P/ASX 200 Index have risen in the last six weeks. These include TPG Telecom, Qube Holdings, Recall Holdings and M2 Group. Some 40 per cent of ASX 200 stocks have fallen by more than 10 per cent since early September 2014, while the index itself has shed eight per cent over this period. CIMB’s Shane Lee says the sell-off means that some stocks may now offer good value to investors

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, TPG TELECOM LIMITED – ASX TPM, QUBE HOLDINGS LIMITED – ASX QUB, RECALL HOLDINGS LIMITED – ASX REC, M2 GROUP LIMITED – ASX MTU, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, EUROPEAN CENTRAL BANK, RUSSELL INVESTMENTS PTY LTD, CSL LIMITED – ASX CSL, RESMED INCORPORATED – ASX RMD, SONIC HEALTHCARE LIMITED – ASX SHL, TOLL HOLDINGS LIMITED – ASX TOL, BRAMBLES LIMITED – ASX BXB, IINET LIMITED – ASX IIN, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, JB HI-FI LIMITED – ASX JBH