Australian Shares

The fourth estimate of 2015-2016 capital expenditures will be released on Thursday and expectations are for them to increase 4.5% to A$120 billion from the third estimate.

Courtesy of The Australian: Stay Underweight the bank sector says CLSA’s top-rated banking analyst, Brian Johnson.

by Chris Becker A strong recovery in stocks last week after the terrorist attacks in Paris, with the Monday morning gap down filled and then some across most bourses.

Asian markets looked to be digesting their gains this week with fairly flat trade on Friday.

by Chris Becker The bull freight train stopped its tracks in America overnight as solid weekly initial jobless claims came in lower than expected, adding to US interest rate rise expectations.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets The release of the Fed minutes overnight has provided the impetus for a strong Asian session.

Here’s why from Citi: Truly one the dumbest ideas in recent share market investing.

by Chris Becker The Fed minutes were the highlight of market action in the last 24 hours as the emboldened central bank announced rate rises are a go come December, signalling the economy is strong enough for a “little wafer”.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets Asian markets are broadly positive despite a major renewed selloff in commodities overnight following a strong European session and a fairly flat US session.

The MSM has become obsessed with the notion that BHP is cheap.

by Chris Becker The relief rally in stocks in Asia continued overnight as European bourses soared to new highs on the back of higher economic sentiment but then hit the Stop sign when risk travelled across the Atlantic.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets The Reserve Bank of Australia (RBA) minutes today provided further indication that without a major deterioration in economic activity the RBA is unlikely to ease rates further in the coming months.

Does anyone recall the Qantas bailout from eighteen months ago?

From Morgan Stanley: Dividend above the target payout ratio range: In April 2013, ANZ moved from a target “equivalent to 67% of cash earnings” to a target range of 65- 70% “with a bias towards the upper end of the range in the near-term” .

by Chris Becker As expected, markets gapped down on the open on the reaction to Fridays terrorists attacks (another reason markets should be open on the weekend), and then for the main rallied, except copper and other industrials.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets After the terrible tragedy seen in Paris on Friday evening (and also the bombing in Beirut), markets have seen some of these fears play out in the financial world.

Paris is shaking up markets pretty modestly at this point.

The fattened Mcgrath turkey is gobbling its prospectus amid the usual Domainfax preening: Institutional investors reacted positively to the McGrath opportunity.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets Markets have been mulling over the recent Non-Farm Payrolls numbers all week, but the big selloff we have been seeing in the past 24 hours seems indicative that they have come to a conclusion…and they’re not happy about it.

The needle on the Madometer is swinging wildly to extreme bearishness today: The market learned two critical pieces of information this week.

Chris Weston, Chief Market Strategist at IG Markets Most of the flow today has been on the AUD which won’t surprise as the policy dynamic in Australia continues to shift.

Check this out: That’s the ASX200, the Aussie dollar, S&P500 futures, oil and copper all ripping on the ABS’s dodgy jobs numbers.

Yesterday I had a go at Trevor Sykes and his “back in my day banks only went up” analysis of banks.

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets The potential of a Chinese data disappointment hung heavy over relatively muted Asian trade.