Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Steve Daghlian

๐Ÿ‘ค Speaker
1280 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

But they still couldn't reach an agreement.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

And that's ahead of its two-week ceasefire, which is ending next week.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Yeah, some of the best performers today are gold miners, an area that didn't do so well last month.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

So gold prices may be edging a little higher in overnight trade, down a little in Asia trade though.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Evolution Mining is standing out.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

It's actually the best on the ASX 200, lifting around 9.5%.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

And this is after providing an update to investors today saying that it's still benefiting from those record gold prices that were hit back in Jan.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

and that it expects to meet its gold production and also cost goals for the year.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Gold prices have been very volatile in recent months since the war in Iran started roughly seven weeks ago, slumping by close to 20% actually as the US dollar surged, but has since actually bounced back a bit in recent weeks by more than 10% actually.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

That's over the last two or three weeks.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Still a risk, of course.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

I'm seeing jet fuel prices lifting so much if they keep passing that on.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

But jet fuel actually accounts for over 20% of Virgin's total cost, according to the company.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

A reminder that yesterday we actually heard from Qantas, which said that it could very well spend more than $800 million more on fuel than it predicted just a couple of months ago.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Yeah, we've also got agri crop protection company New Farm up around 13% today.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

It's biggest lift in years, actually.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

And this is after flagging roughly a 17% jump in profits, lower debt levels, $50 million in cost savings.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

And it said that there's been some positive trading momentum in April as well.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

And this is despite a lift in some cost, active ingredients, freight, energy due to the war in the Middle East.

CommSec Market Update
Market Close 15 Apr 26: Cautious push higher for Aussie stocks

Yeah, BHP is largely flat at the moment.