Steve Daghlian
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Podcast Appearances
So, it's down about 1.6%.
The likes of Suncorp is down about 2.3% and IAG is falling by more than 3%.
QBE coming out with an update basically saying that there's been an 11% lift in premiums for its insurance products.
It said that investment income is also running ahead of what the market was expecting.
Higher rates generally helpful as far as what they bring back.
And also the catastrophe costs have largely been within its limits as well.
down 35% this week, rough one.
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.
What do you think is going to be most important?
Yeah, and look, it very rarely has a significant impact on the market, both before or after, partly because there are so many leaks.
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.
So, there'll be other things, I think, that markets will be focused on.
Having said this, the changes to capital gains tax, potentially, if anything gets announced, that might get a bit more attention than usual.
We also get some ex-dividend stocks next week.
ANZ probably will be the big one that could potentially weigh at the start of the week.
It's going ex-div on Monday, and then there'll be a bunch of companies out with their profit results too.
Yeah, so that'll be Thursday and Friday.
Those other companies that will be out with their results, which might get attention, include Aristocrat Leisure, Grand Corp and Xero.
So they're three to watch on Wednesday and Thursday.