Transport

Qantas delivered improved traffic statistics for April and brokers expect the trend to continue.

There were no measures to either positively or negatively shock any particular stock market sector, but nor was there much burden removed from RBA monetary policy in last night’s Budget.

Violent clashes in Iran; troops deployed in Oman; cleric detained in Saudi Arabia; Libyan assets frozen. Oil soars and stocks tumble. Dow down 168.

Fully valued with pockets of value. Such is Citi’s view on small miners in Australia. Small industrials have thus become the new focus.

Market analysts and strategists are reviewing their preferences between commodities and “others” for the year ahead.

Norwegian shipping magnate John Fredriksen doesn’t see much upside for the global shipping sector in the next two years.

A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.

A stronger Australian dollar is causing a downturn in the Australian tourism industry, with implications for various regions and sectors of the economy, CommSec reports.

Asia provided some saving grace against a weak domestic market, but brokers have faith Toll Holdings has seen the worst.