The Chartist suggests the severity of the bank sell-off implies caution in calling the banks oversold at this point, yield support notwithstanding.
In this week’s Weekly Insights: – Australian Banks: The Times Really Are A-Changing – Real Correction Yet To Come? –…
Michael Gable of Fairmont Equities suggests the CBA share price should find support around current levels before moving higher once more.
While brokers were not expecting a weak result under the circumstances, a solid consensus beat from Macquarie has analysts upgrading their numbers.
Implications from Oz housing boom; gaming in Hong Kong/Macau; accounting changes in retail; Nine & Southern Cross; weak outlook for fertilisers; QCLNG a benchmark.
Henderson Group’s growth story goes from strength to strength and brokers ponder the potential for a return of capital to shareholders.
As three of Australia’s four big banks prepare to deliver earnings reports next week, brokers contemplate whether share prices have any reason to go either up or down.
Renewal of Microsoft contracts for Appen; Mobile drives wagering growth; Medicare review called; More TV options fragment the market; and NSW storm impact.
FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Financial services firm Perpetual remains supported by buoyant equity markets and low interest rates but funds flow is slowing at market highs.