CommSec Economist Savanth Sebastian takes a look at the economic events scheduled for the week ahead, including the RBA Board Meeting, retail trade, home prices and US non-farm payrolls data. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The ASX 200 is down 0.9% at mid-session, erasing most of yesterday’s 1.1% gain. Financials are weighing on the market, after a sell-off in European banking stocks dampened sentiment. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Tom Piotrowski speaks with BKI Investment Company (BKI) CEO, Tom Millner about the company’s new deal with Contact Asset Management, the recent company reporting season and how the BKI portfolio is currently positioned. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Tom Piotrowski speaks with New Hope Group (NHC) Chairman, Robert Millner about the company’s acquisition of the Bengalla mine in New South Wales, as well as the outlook for thermal coal prices.  

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The ASX 200 has finished the session down 0.7%, losing more than half of yesterday’s gains. Over the month of September, the index has barely moved, gaining just 0.05%.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

US sharemarkets fell on Thursday, weighed down by losses in financial stocks and a slide in Apple. The SP financial index fell 1.1% after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held with Deutsche Bank. Deutsche Bank fell 6.7% in US trade. Wells Fargo lost 2.1% and Citigroup lost 2.3%. The CBOE volatility index jumped 15%. Apple lost 1.5% after broker downgrades. The Dow Jones index fell by 196 points or 1.1% with the SP 500 index lower by 0.9% while the Nasdaq lost 49 points or 0.9%.

Hello All,

Please find today’s Market Update. Feel

free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is

approved and distributed in Australia by Commonwealth Securities Limited ABN 60

067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary

of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected

or may effect transactions for their own account in any investments or related

investments referred to in this report. This report is not a recommendation to

buy, sell or hold any securities or financial products, and has been prepared

without taking account of the objectives, financial or taxation situation or

needs of any particular individual.  For

this reason, any individual should, before acting on the information in this

report, consider the appropriateness of the information, having regard to the

individual's objectives, financial or taxation situation and needs and, if

necessary, seek appropriate professional advice.  This report is produced by Commonwealth

Research based on information available at the time of publishing.  We believe that the information in this

correspondence is correct and any opinions, conclusions or recommendations are

reasonably held or made as at the time of its compilation, but no warranty is

made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the

Bank nor any of its subsidiaries accept liability to any person for loss or

damage arising from the use of this report.

CBA Chief Currency Strategist Head of International Economics, Richard Grace speaks with CommSec’s Tom Piotrowski about what could happen to the USD if Donald Trump won the US Presidential election. He expects a 10% lift in the USD will be driven by the capital inflows chasing higher asset price returns, seeing the AUD/USD decline by 10%.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The energy sector is soaring higher on Thursday, after a group of oil producing nations struck a deal to make planned production cuts.  

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

The ASX 200 has jumped 1.1% to a near one-month high, boosted by a 6.3% rally in the energy sector after oil producing nations struck a deal to make planned production cuts.  

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual.  For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice.  This report is produced by Commonwealth Research based on information available at the time of publishing.  We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Global oil prices surged on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November. OPEC hopes to limit production to 32.5 million barrels per day. After reaching that target OPEC will seek support from non-OPEC oil producers to further limit supply. Reuters reports US sharemarkets rallied on Wednesday, after news that OPEC had agreed on a deal to limit production supported the energy sector. Chevron rose 3.3% while Exxon Mobil rose 4.6%. 

Hello All,

Please find today’s Market Update. Feel

free to download and disseminate on your radio stations.

Kind Regards,

The CommSec Media Team

This report is

approved and distributed in Australia by Commonwealth Securities Limited ABN 60

067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary

of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effected

or may effect transactions for their own account in any investments or related

investments referred to in this report. This report is not a recommendation to

buy, sell or hold any securities or financial products, and has been prepared

without taking account of the objectives, financial or taxation situation or

needs of any particular individual.  For

this reason, any individual should, before acting on the information in this

report, consider the appropriateness of the information, having regard to the

individual's objectives, financial or taxation situation and needs and, if

necessary, seek appropriate professional advice.  This report is produced by Commonwealth

Research based on information available at the time of publishing.  We believe that the information in this

correspondence is correct and any opinions, conclusions or recommendations are

reasonably held or made as at the time of its compilation, but no warranty is

made as to accuracy, reliability or completeness.  To the extent permitted by law, neither the

Bank nor any of its subsidiaries accept liability to any person for loss or

damage arising from the use of this report.