Fuel price hikes bode well for suppliers, bad for transport

Commodity price rise should give the local market a lift this morning but transport related stocks could come under pressure.

V is for volatility. And while higher commodity prices and some settling on Wall Street overnight should provide the basis for a partial recovery of yesterday’s heavy falls, investors will be in for a bumpy ride over the next few weeks (see Carr's Call: Four danger signals for domestic investors).

Bricks and oil are likely to dominate trading today. Building approvals for May are likely to show a decline of around 1%, or a 0.1% drop on an annualised basis.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles