FINANCIAL NEWS

The Monday Report

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

9:04 AM


Today’s Financial Calendar

Significant Scheduled Events For 26 June, 2017

8:15 AM


Debate Grows Over Caltex Premium Fuel

An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.

Jun 23 2017


Weekly Top Ten News Stories

Our top ten news stories from 15 June 2017 to 22 June 2017

Jun 23 2017


New Website: Earnings Forecasts

Investors can stay on top of changes in earnings estimates for ASX-listed stocks with multiple tools available on the FNArena website.

Jun 23 2017


Ord Minnett rates AAD as Hold

Guidance for FY17 fell short of Ord Minnett's expectations. Main Event like-for-like sales remain negative and margins are deteriorating and commentary suggests to the broker rolling out of centres has become more cautious.

The broker cannot find valuation support, even with the share price declines over the past three years. Nevertheless, in the near term, there are some aspects of the outlook that should start to deliver for Main Event, while private equity interest probably limits the downside for the share price.

Hold rating retained. Target is reduced to $1.65 from $1.70.

Macquarie rates DRM as Neutral

The company has updated on its FY18 guidance for the Deflector mine, which is now scheduled to produce 60-65,000 ounces over the next financial year.

The ramp up of Deflector has been a drawn-out process, Macquarie observes, with higher-than-expected levels of native copper affecting gold recovery. While there should be stronger production in FY18, costs will also be significantly higher.

Neutral rating retained. Target is reduced to $0.30 from $0.34.

Credit Suisse rates RHC as Neutral

Despite the small improvements in May, Credit Suisse observes growth rates for all diagnostic/surgical/procedural services are below longer term averages.

The lack of any significant recovery remains a concern to the broker and suggests a more structural change is occurring, supported by a number of factors.

The broker also believes adverse case-mix is continuing to dilute revenue growth for hospital operators. Neutral rating and $73 target retained.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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DAILY FINANCIAL NEWS

Debate Grows Over Caltex Premium Fuel

An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.

Jun 23 2017 - Australia


New Website: Earnings Forecasts

Investors can stay on top of changes in earnings estimates for ASX-listed stocks with multiple tools available on the FNArena website.

Jun 23 2017 - FYI


QBE has downgraded its expected returns from emerging markets in 2017, leaving brokers are divided about the outlook.

Jun 22 2017 - Australia


BIS Oxford Economics suggests house price growth will slow or decline in some areas in the next couple of years, although a crash is not expected.

Jun 22 2017 - Australia


Funeral services provider InvoCare offers attractive operating metrics. Bell Potter initiates coverage on the stock.

Jun 21 2017 - Australia


A glance through the latest expert views and predictions about commodities. Oil; gold and silver; zinc and lead.

Jun 21 2017 - Commodities


RUDI'S VIEWS

Rudi’s View: All About Corporate Profits – The Charts

Collection of graphs and charts complementing this week’s Weekly Insights, All About Corporate Profits, Or Is It?

Jun 22 2017

DAILY MARKET REPORTS

The Monday Report

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

9:04 AM


Today’s Financial Calendar

Significant Scheduled Events For 26 June, 2017

8:15 AM


The Overnight Report: And All Stand Still

All three major US indices closed flat last night. Dow down -12.

Jun 23 2017


Today’s Financial Calendar

Significant Scheduled Events For 23 June, 2017

Jun 23 2017


The Overnight Report: Oil Still Falling

More weakness in oil again dragged on Wall Street as biotech hit the spotlight. Dow down -57.

Jun 22 2017


Today’s Financial Calendar

Significant Scheduled Events For 22 June, 2017

Jun 22 2017


The Overnight Report: Oil Breaks Down

WTI broke through technical support last night as Amazon again made the headlines. Dow down -61.

Jun 21 2017


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 15 June 2017 to 22 June 2017

Jun 23 2017

Next Week At A Glance

A brief look at important company events and economic data releases next week.

Jun 23 2017

The Wrap: Millennials, Mobile & A-REITs

Weekly Broker Wrap: Millennials; health insurance; housing; supermarkets; mobile; A-REITs; equity strategy.

Jun 23 2017


The Short Report

FNArena’s weekly update on short positions in the Australian share market.

Jun 22 2017

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Jun 22 2017

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

Jun 21 2017


Uranium Week: Close But No Cigar

The spot uranium market last week grafted closer to the US$20/lb mark, by US5c.

Jun 20 2017

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

Jun 19 2017

Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

Jun 19 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    26 June 2017   Updated : 10:01   AEDT

    SPI Overnight (Sep)

    5662.00

    +3.00

    0.05%

    All Ordinaries

    5754.60

    +12.30

    0.21%

    S&P ASX 200

    5715.90

    +9.90

    0.17%

    S&P ASX 300

    5662.10

    +10.10

    0.18%

    Consumer Discretionary

    2243.90

    +7.80

    0.35%

    Consumer Staples

    9138.60

    +8.00

    0.09%

    Energy

    8567.70

    +1.00

    0.01%

    Financials

    6362.60

    -23.80

    -0.37%

    Health Care

    24673.20

    +330.20

    1.36%

    Industrials

    5888.80

    +29.30

    0.50%

    Info Technology

    874.20

    +4.80

    0.55%

    Materials

    9538.50

    +90.20

    0.95%

    Telecommunication

    1531.60

    +12.60

    0.83%

    Utilities

    8936.50

    -25.40

    -0.28%

  • Asia

    26 June 2017   Updated : 10:01   AEDT

    NZ50

    7559.910

    +6.270

    0.080%

    Nikkei 225

    20132.67

    0.00

    0.00%

    Hang Seng

    25670.05

    -4.48

    -0.02%

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  • Australasia

    26 June 2017   Updated : 10:01   AEDT

    AUD/USD

    0.7569

    +0.0003

    0.0400%

    AUD/NZD

    1.0396

    +0.0028

    0.2700%

    NZD/USD

    0.7280

    0.0000

    0.0000%

    AUD/JPY

    84.21

    -0.16

    -0.19%

    SGD/AUD

    0.95

    -0.00

    -0.44%

    AUD/EUR

    0.6757

    -0.0026

    -0.3800%

    AUD/GBP

    0.5938

    -0.0025

    -0.4200%

  • World

    26 June 2017   Updated : 10:01   AEDT

    CAD/USD

    0.7539

    -0.0003

    -0.0400%

    EUR/JPY

    124.59

    +0.12

    0.10%

    EUR/USD

    1.1198

    +0.0015

    0.1300%

    GBP/USD

    1.2743

    +0.0028

    0.2200%

    USD/JPY

    111.26

    -0.01

    0.00%

    Click item/line to change chart

  • World

    24 June 2017   Updated : 07:37   AEDT

    FTSE100

    7424.13

    -15.16

    -0.20%

    DAX30

    12733.41

    -60.59

    -0.47%

    DJIA

    21394.76

    -2.53

    -0.01%

    S&P500

    2438.30

    +3.80

    0.16%

    Nasdaq Comp

    6265.25

    +28.56

    0.46%

    S&P500 VIX

    10.02

    -0.46

    -4.39%

    US 10-year yield

    2.140

    -0.010

    -0.470%

    USD Index

    97.30

    -0.24

    -0.25%

  • Aus Stocks

    26 June 2017   Updated : 07:01   AEDT

    BHP (UK)

    1143.50

    -4.00

    -0.35%

    Rio (UK)

    3052.50

    +14.00

    0.46%

    BHP (US)

    34.16

    +0.22

    0.65%

    Rio (US)

    39.17

    +0.46

    1.19%

    ResMed (US)

    78.44

    +0.81

    1.04%

    South32 (UK)

    61087.14

    -185.08

    -0.30%

    James Hardie (US)

    15.30

    +0.06

    0.39%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    22.84

    -0.11

    -0.48%

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  • Spot Metals & Minerals

    26 June 2017   Updated : 10:00   AEDT

    Gold (oz)

    1256.60

    +6.60

    0.53%

    Silver (oz)

    16.68

    +0.16

    0.97%

    Copper (lb)

    2.6191

    +0.0280

    1.0800%

    Aluminium (lb)

    0.8417

    -0.0028

    -0.3300%

    Lead (lb)

    0.9992

    +0.0115

    1.1600%

    Nickel (lb)

    4.1050

    +0.0333

    0.8200%

    Zinc (lb)

    1.2232

    +0.0030

    0.2500%

    Copper (t)

    5774.00

    +62.00

    1.09%

    Aluminium (t)

    1856.00

    -6.00

    -0.32%

    Lead (t)

    2203.00

    +25.00

    1.15%

    Nickel (t)

    9050.00

    +73.00

    0.81%

    Zinc (t)

    2697.00

    +7.00

    0.26%

    Iron Ore (t)

    55.50

    -0.50

    -0.89%

    Uranium (lb) weekly

    20.15

    +0.20

    1.00%

  • Energy Futures

    24 June 2017   Updated : 07:36   AEDT

    West Texas Crude (Aug)

    43.12

    +0.34

    0.79%

    Brent Crude (Aug)

    45.66

    +0.38

    0.84%

    Henry Hub NatGas (Jul)

    2.92

    +0.02

    0.69%

CALENDAR

Monday, 26 June 2017
EZ Germany IFO business sentiment, Jun
US Chicago Fed national activity index, May
US durable goods orders, May
MTS earnings result
Tuesday, 27 June 2017
NZ trade balance, May
CH industrial profits, May
US Case-Shiller house price index, Apr
US Conference Board consumer confidence, Jun
US Richmond Fed manufacturing index, Jun
Wednesday, 28 June 2017
US pending home sales, May
US trade balance, May

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$16.59

ARB ARB CORPORATION LIMITED

$15.97

CSL CSL LIMITED

$143.33

IVC INVOCARE LIMITED

$14.87

RHC RAMSAY HEALTH CARE LIMITED

$72.98

WEEKLY PDF

Stories To Read From FNArena


WEEK 25

WEEK 24

WEEK 23

WEEK 22

WEEK 21

FNARENA TALKS

       

FNARENA WINDOWS

Window on CRUDE OIL

Debate Grows Over Caltex Premium Fuel

An emerging debate among brokers regarding Caltex explores the trends in premium fuel consumption.

Jun 23 2017


Window on INSURANCE

Brokers Divided On QBE’s Outlook

QBE has downgraded its expected returns from emerging markets in 2017, leaving brokers are divided about the outlook.

Jun 22 2017


Window on HOUSING & CONSTRUCTION

Australia’s East Coast Housing Upturn Is Over

BIS Oxford Economics suggests house price growth will slow or decline in some areas in the next couple of years, although a crash is not expected.

Jun 22 2017


SMS FUNDAMENTALS

SMSFundamentals: How Do We Rate Financial Advice?

A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.

Apr 11 2017


FEATURE STORIES

Australian Banks And The APRA Impact

How will further lending restrictions now imposed by APRA impact on bank earnings and the housing market?

Apr 05 2017