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Steve Daghlian

๐Ÿ‘ค Speaker
1093 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So, it's down about 1.6%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

The likes of Suncorp is down about 2.3% and IAG is falling by more than 3%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So,

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

QBE coming out with an update basically saying that there's been an 11% lift in premiums for its insurance products.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It said that investment income is also running ahead of what the market was expecting.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Higher rates generally helpful as far as what they bring back.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And also the catastrophe costs have largely been within its limits as well.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

down 35% this week, rough one.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So, let's look forward because there are still quite a few things that we should be on the lookout for in the week ahead.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

What do you think is going to be most important?

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Yeah, and look, it very rarely has a significant impact on the market, both before or after, partly because there are so many leaks.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So, look back the last decade or so, and we haven't seen barely any movement at all on Budget Day, obviously, because this is ahead of the budget that evening, but also after the fact, markets move very little as well.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So, there'll be other things, I think, that markets will be focused on.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Having said this, the changes to capital gains tax, potentially, if anything gets announced, that might get a bit more attention than usual.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

We also get some ex-dividend stocks next week.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

ANZ probably will be the big one that could potentially weigh at the start of the week.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It's going ex-div on Monday, and then there'll be a bunch of companies out with their profit results too.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Yeah, so that'll be Thursday and Friday.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Those other companies that will be out with their results, which might get attention, include Aristocrat Leisure, Grand Corp and Xero.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So they're three to watch on Wednesday and Thursday.