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Steve Daghlian

๐Ÿ‘ค Speaker
1093 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 05 May 26: RBA hikes rates again

But the thing still to watch out for, we've got an update on jobs growth on the 21st of May.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

That's for the month of April.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Got the next inflation report right at the end of the month as well on the 27th of May.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

But as I said, we're a full six weeks out now from the next interest rate decision.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So something to keep a close eye on.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Yeah, exactly.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So across the different sectors today, a mixed bag.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

We've got energy stocks up by close to 1%.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So the standouts, as I said, overnight, we did see the oil price lifting on an escalation of the US-Iran war.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Outside of that, the telcos, tech stocks, utilities, property trusts, consumer staples are some of the winners and the rest of the market is down, but really not by much.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

A really big week for the banks, of course.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Yesterday we had NAB out with its results.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

It fell short of the market's expectations.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Today it was Westpac's turn and it's down around 2.3%.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So it also seemed to fall a little shy of

CommSec Market Update
PM 05 May 26: RBA hikes rates again

consensus expectations with both its revenue and also profits.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

Half-year profits, once you strip out some of those notable items, rose by just 1% to about $3.5 billion.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

It did declare a slightly bigger dividend than this time last year, one cent higher, in fact, 77 cents per share.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

So we'll pay that out on the 26th of June.

CommSec Market Update
PM 05 May 26: RBA hikes rates again

One of the hardest hit gold miners today is Regis Resources, which is down by almost 6%.