Interest rates and bank results to drive market
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Trading in Australia will be dominated by local factors today, as analysts pore over this morning’s quarterly result from ANZ and await the RBA’s interest rate decision this afternoon. Gains in industrial commodities and shares overnight could see a positive but cautious start to the session.
ANZ reported a 4.6% lift in underlying profit, a welcome relief after Westpac’s flat result yesterday. The growth is good for ANZ and also the broader market, as it casts Westpac’s result as one hit by its competitors, rather than a broader industry slowdown. Overseas earnings played a key role in lifting ANZ over its peer, and may become more of a strategic focus for bank boards. Domestic earnings also grew significantly, with NZ the major negative.
Share and interest rate markets are now pricing a high probability of an RBA cut, meaning the most likely spur for a market move would be no change in rates. Curiously, the AUD is rising, possibly indicating the currency markets are oversold. Below the bank dominated headlines, materials and energy stocks look set for another market leading performance today.
For further comment from Michael McCarthy at CMC Markets please call 02 8221 2135.
Call 1300 880 160
Start a chat
Schedule a call
