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Highlights: 2017/18 kicks off with a goal – Kogan a retail online master – International Monetary Fund - a happy bunch of economists – Inflation, is it utopia, nirvana or just a mirage?
3 major world markets that just went sideways. London’s FTSE, China’s Shanghai and Japan’s Nikkei 225. Maybe they will turn around this week or they could be indicating this is a potential false break?
Market Highlights: Confidence – it’s Dr Jekyll and Mr. Hyde again – TABCORP opens the betting on the Federal Court decision – Can a Tesco boss do it for IGA supermarkets – Ankle biters at CSL heels – Baby formula Bellamy attacked by the China syndrome
Strong moves up and down yet we still really haven’t gone anywhere locally. We are still trapped inside the sideways trading range and it is looking like the US markets are joining us. A new all-time high on the Dow but not on the S&P 500 or the NASDAQ. This could be sector rotation from Tech stocks to your more old economy stocks like those you find in the Dow?
Read more about Stock Technical Analysis - US and Australian Stock Market Report
Highlights: Market starts the year in 2nd gear – Avocados a smashing win for Costa Group – travel stocks still flying high – Has the Amazon tide turned? - Retailers say yes – Central Banks catch the rate rise bus – Building approvals head south.
Friday was the end of the financial year here in Australia. We start the new week coming with a fresh start for a more promising year irrespective of how good or not so good it was. The XJO gained 488.1 points or 9.8% over last financial year but from a calendar basis we are up only 55.7 points or 1.0% and we are now half way through the year.
Market highlights: The market sprints to the financial year’s finish line – The world gears up for interest rate rises – Blackmores Boss becomes Chief Postie – IGA supermarkets defy the Amazon tide – Realestate.com delivers the full package- house search/purchase/finance – Age care provider Aveo in the gun, but returns fire.
It was the Winter Solstice last Wednesday (21st) which is a seasonal change and we can see how this affects the markets more times than not. June is the weakest month of the year seasonally however this is followed by July which is one of the two strongest months of the year (December the other) possibly because of the start of the new financial year here in Australia?
Market highlights: Is it Tabcorp or Tablotto? – QBE from market darling to emerging market problem child – Rating agency Moody’s hands out a slight bank downgrade but then again, who cares.
It was a big week for just 4 days thanks to the Queen’s Birthday holiday in most states last Monday.