Trading Markets Weekly Commentary: February 6

The Australian sharemarket lost ground last week as a strong Aussie dollar hurt many companies with overseas earnings. The ASX 200 edged lower 37 points (-0.9%) to close the week at 4251 – giving back some of the previous week’s gains. Sectors were more or less weaker during the week with IT, telco and consumer


Trading Markets Weekly Commentary: January 23

The Australian market gained ground last week on the back of encouraging profit results from US banks and several successful bond auctions in Europe. The ASX climbed 44 points (+1%) last week, to close at 4240. The big four banks were mixed; ANZ (ASX:ANZ) lost 1.5% whist rival NAB (ASX:NAB) put on 0.3%. The mining


Trading Markets Weekly Commentary: December 19

The Australian stock market lost ground last week, as the dust settled on the historic EU agreement that failed to actually alleviate the underlying debt concerns. The ASX 200 lost 94 points (-2.2%) to close the week at 4159. The banking majors weighed heavily on the market; NAB (ASX:NAB) (-2.5%) and Westpac (ASX:WBC) (-2.7%) both


Trading Markets Weekly Commentary: December 12

The Australian market lost ground last week amid concerns an agreement would not be reached at a critical European summit in Brussels. The ASX 200 edged lower 85 points (-2.0%) to close the week at 4203 – giving back some of the previous week’s gains. The banking majors weighed on the market; NAB (ASX:NAB) lost


Trading Markets Weekly Commentary: November 21

The Australian market lost ground last week with Europe’s growing debt crisis still wreaking havoc on investor sentiment. The ASX 200 plunged 120 points (-2.8%) to close the week at 4177. Concerns Europe’s crisis will slow the world economy pressured the big resources stocks; Rio Tinto (ASX:RIO) lost 3.4% and BHP (ASX:BHP) declined 4.4%. However


Trading Markets Weekly Commentary: November 14

Aussie shares had a volatile week, with the debt focus moving from Greece to Italy causing havoc on our market. Despite the uncertainty, the ASX 200 gained 15 Points (+0.4%) for the week to finish at 4297. The week’s major economic event was the fall in Australia’s unemployment rate from an upwardly revised 5.3% in