0:02

A listener production. Will.

0:07

It was anything but quiet for the housing

0:09

market despite a holiday shorten wake. And find

0:11

out why we just had one of our worst

0:13

days this year. Good afternoon. I'm state. I'm

0:15

Laura. It's Friday the twenty sixth of April.

0:17

Welcome to the Com Sec market! Update: Public.

0:21

Holiday yesterday Laura and every chance it

0:23

today the housing market would have been

0:25

a little on the quite side. Holiday.

0:28

Shorten wake the final day of

0:30

the school holidays as well, so

0:32

usually this would be a pretty

0:34

quiet session. Concerns around. Higher.

0:36

Interest rates for longer seem to be weighing on

0:38

markets, but also. One. Of our biggest stocks

0:40

had a pretty big decline so I grew. A.

0:42

Big with a false. I don't want to

0:44

say it, I hate reporting bad news, but we

0:46

are down one hundred and one point one point

0:49

three percent. So we are on track to have

0:51

one of our worst days is see, I hate

0:53

to say it, but we have been having quite

0:55

a few bad days recently. I mean, it was

0:57

just about a week ago that we fell one

0:59

point eight percent. we've had two days disease if

1:02

our, we've had a one point eight percent full

1:04

and the fools recently have really been on the

1:06

back of concerns about interest rates. The thing to

1:08

put into perspective here I guess is yes it's a

1:10

big for their it's the worst I really in about

1:12

a week and a half. If so, it's not. Gigantic.

1:15

But also it only takes a market to

1:17

about a one week low. As you said

1:20

a number of times recently you know we

1:22

were at record highs not too long ago

1:24

was do not too far away for it.

1:26

We kind of moving a little further away

1:28

at this point but you're right, interest rates

1:30

played a massive part that concerns that the

1:32

timing for right cuts a continuing to being

1:34

pushed her back further and further away and

1:36

that really is kept markets quite defensive. And

1:38

the other silver lining he is that

1:40

over the course of the week we

1:42

are still in positive territory with there

1:44

is still little bit of time before

1:46

the market shots for today, but at

1:48

the moment of the course of this

1:51

wake her up about a fifth of

1:53

one percent in month to date term

1:55

so we are down around four percent

1:57

which would snap l five month winning

1:59

streak and. The needs, right? Tensely, the only

2:01

just knocked over into negative territory were down

2:03

by about a tenth of one percent. So

2:05

it's not too bad in the big picture

2:07

because we had a really, really good rally

2:09

at the front end of the. And remember

2:12

that on Wednesday we had that inflation report

2:14

released which was hotter than expected am here

2:16

in Australia that was every chance markets could

2:18

have responded and will more poorly to that

2:20

but our markets and is completely flat ahead

2:23

of them and like they break this is

2:25

a was risk when we had into a

2:27

public holiday when most of the world is

2:29

not observing that the day off as well.

2:32

At the main reason to the fullest today

2:34

with what happened over in the Us to

2:36

they got an update on economic crisis and

2:38

basically the Us economy grew at its slowest

2:41

pace in nearly two years that we saw

2:43

inflation accelerating. that's really deep and invested concerns

2:45

that we might not even get one single

2:47

right pot over in the Us this year.

2:50

Now we did start the year with about

2:52

one hundred and seventy five basis points and

2:54

priced in over in the Us. That's so

2:56

many right thoughts that this point now with

2:59

all the data that seen coming out in

3:01

hotter than. Expected. And now the

3:03

thinking. Maybe not even little. And

3:06

that's reflected in how us him I could

3:08

perform today so all the live in sectors

3:10

would down heavily and knows that a I

3:12

will more sensitive to higher interest rates. didn't

3:14

have worse. So it's property trust that were

3:16

down by two percent today. Amongst the worst

3:18

performers you know some of the banks the

3:20

financials in a falling by around that one

3:22

to be almost two percent overall as a

3:24

group and at a some of the Lodge

3:27

stocks on a market that really weighed on

3:29

the Aussie say market but really they weren't

3:31

too many bright spots I'm in. health care

3:33

stocks down only slightly. Take could have done.

3:35

Worse energy or down by around one percent,

3:37

but there was some that when he quite

3:39

as hard as others. We. Saw a process

3:41

called up over nightly scene. Basically Incest

3:43

is going back in investing into gold

3:46

while the rest of the market has

3:48

been fooling with. Also seen quarterly reports

3:50

coming out again today. One of those

3:52

who has the world's largest gold mine

3:55

at New Months. They've actually means that

3:57

top performers had a their operands thirteen

3:59

percent. Getting into the clothes and

4:01

that basically full is quite as

4:03

strong. A quarterly updates that is

4:06

hop market expectations. Still so announcer

4:08

decision to divest in it's gold

4:10

mine in Ecuador Seville likely receive

4:12

around three hundred and sixty million

4:14

us dollars on that sale. Sunsets.

4:16

It's actually the largest gold deposits

4:18

in all of Ecuador that they

4:20

earned. And not assuming it. Very

4:22

fun once and. For

4:25

the drinks a nice little much pressure for

4:27

hims. You know that Goal Sub Sector did

4:29

stand up today, but one company that kind

4:31

of of said but quite easily was be

4:33

H P in on it's own. It's wiped

4:35

out about thirty points from the I six

4:37

two hundred in in English. That basically means

4:39

that's roughly a third of the declines that

4:41

we had today. You can sounded be us,

4:44

pay exactly him to succeed it to be

4:46

Hp down for and a half percent today.

4:48

Now that's the worst day that it had

4:50

in about seven months when it so by.

4:52

More than five percent of that time.

4:54

The reason is news yesterday that it's

4:57

making this giant. Thirty. One billion

4:59

pound bid to by British mining?

5:01

have you Anglo American which trades

5:03

on the London Stock Exchange? So

5:06

that's roughly sixty billion. Ozzy.

5:08

Dollars So it's another bet on a

5:10

few commodities but especially those that are

5:12

a bit more future facing and that

5:14

are important for electrification of energy and

5:16

transportation. One of those is Capa sites

5:18

is be still move forward. It would

5:20

make it an even larger copper producer

5:22

in that the largest in the world

5:24

as well. I'm also set up a

5:26

few more commodities in the process like

5:28

coking coal and that's that's top of

5:30

cold it's used in a stew making

5:32

process to this is such a big

5:34

deal. Often when is that much money

5:37

changing hands or that. Many more says and would

5:39

have to be. Another

5:43

stuck on today's and lewdness list

5:45

the owners super cheap order and

5:47

Rebels Foot super wait till Grapes

5:49

actually hit a size month slow

5:51

and have been among the less

5:53

performance today that the tenth was

5:55

to form a leading into the

5:57

clothes and that's after announcing to

5:59

as it's employees the take the

6:01

company to court claiming loss and

6:03

damage in the range of as

6:05

thirty to sixty million dollars. So

6:07

in the announcement it said that

6:09

the group expects that the allegations

6:11

will include the non disclosure of

6:13

a relationship between the group Ceo

6:16

and hate our of the subs

6:18

among some other claims of bullying

6:20

the corporate team having unreasonable workloads

6:22

in sufficient resources and a few

6:24

other allegations so they were Media

6:26

reports say that said the pair

6:28

have been accused of having an

6:30

undisclosed. An Intimate relationships. The company's board

6:32

conducted it's own investigation into the matter,

6:34

concluding that none of the allegations are

6:37

substantiated. So it's Super Retail Group will

6:39

defend the proceedings and doesn't intend to

6:41

make any said the comment at this

6:44

time, but not a great response from

6:46

investors today who sold off and pushed

6:48

it share price down by about four

6:50

percent. The. Second best performer on the market

6:53

today. race made up nine point three

6:55

percent. Snout said that it's sales were

6:57

up about seven percent between Jan and

6:59

March and Mrs may be due to

7:01

so at least in the sale of

7:03

those very attractive sleep apnea mosques that

7:05

you were at night For those who

7:07

snores have some sleeping disorders as well

7:10

So big lived in cells, particularly in

7:12

the Americas. Word for revenues with the

7:14

almost ten percent and it's margins also

7:16

improved so solidly for is meant to

7:18

that. Tonight. We do have the Pc

7:20

a deflated coming out of the Us.

7:22

that's the most closely watched measure of

7:25

inflation by the Us Federal Reserve. J

7:27

P, my mate and the their the

7:29

Us said it shares to that's gonna

7:32

be super important. Super watched by Incest

7:34

is over in the Us. But it's

7:36

also worth mentioning that after the market

7:38

shot this morning the Us market we

7:41

did have Microsoft an Alphabet coming out

7:43

with their earnings results and both of

7:45

these companies and beat expectations. So it's

7:47

Microsoft Easy. Biggest. Company over in the

7:50

U, which means it has the most

7:52

influence. And what happened since share prices

7:54

alphabet also beat expectations. It says up

7:57

sixteen percent in after hours trade, so

7:59

I guess. Two main things that

8:01

could drive markets. Tonight's. Next week as

8:03

well you mentioned that Pc the Fly. This

8:05

of those very closely watched inflation figures out

8:07

of the United States have some be very

8:09

important next week because we're going to get

8:12

the next decision on interest rates at of

8:14

the United States. Yes, and that could certainly

8:16

be one of the the last factors at

8:18

play that could get a bit of attention.

8:20

Unlikely to make a huge difference, smith chances

8:22

are that is so gonna keep interest rates

8:24

on hold for the time being but still

8:26

want to watch. Could. Be something that they

8:29

mentioned in a commentary that's certainly something

8:31

to watch. Settle Bates Thursday morning our

8:33

time he in Sydney's we have us

8:35

earnings season continuing next lake with Amazon

8:37

on to say Apple on so say

8:39

that obese. definitely exciting and then right

8:41

at the tail end of the week

8:43

a report on us jobs obviously missing

8:45

that interest rate. To see him that

8:47

will be very important Could need markets

8:49

towards the end of next. Week's

8:51

also. Generally. Most companies

8:53

really say proof resulting saved and August

8:55

but the banks who special so we

8:57

can start getting bank prefer results in

8:59

the tail end of next week though.

9:01

Beats Nab on Thursday to be Mccrory

9:03

Group on Friday and then the following

9:06

week they'll be Westpac and A and

9:08

said sites know for the largest will

9:10

far the largest companies on i say

9:12

market or major banks and. We.

9:14

Want to watch which could like a bit of a difference. On.

9:16

That night have you had a lovely place of

9:18

awake and will see that here on Monday. Is

9:27

hothouses prepared, approved and distributed in Australia

9:29

by Com Or Securities Limited Ab. And

9:31

Six O O Six Seven, Two Five

9:33

four Three Double Nine I have a

9:35

cell Two, Three Eight Eight One. False

9:37

information does not take into consideration your

9:40

objectives, financial situation or needs. Consider the

9:42

appropriateness of the information before acting and

9:44

if necessary think appropriate professional of that.

9:49

Lucia.