Steven Daghlian speaks with CommSec Advisory’s Nicky Kritikos about upcoming flight results from Qantas and 3Q sales numbers from Harvey Norman.

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 closed in the middle of the day’s range, slipping 32 points 0.6%. The market was held back by heavy falls in the materials and energy sectors in response to falling commodity 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.

US sharemarkets rose on Friday, led by the technology sector. Shares in chip company, Applied Materials, rose by 13.8% after raising profit guidance. Nine of the 10 SP 500 sectors rose on Friday. The Dow Jones rose by 65.5 points or 0.4% with the SP 500 index up by 0.6% and the Nasdaq gained 57 points or 1.2%. Over the week the Dow lost 0.2% but the SP 500 index rose by 0.3% with the Nasdaq up by 1.1%.

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.

CommSec Chief Economist Craig James takes a look at the economic data due out in the week ahead, including business investment, construction work done, and US GDP growth.

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 up 0.3% at mid session - ending a two-session slump. Energy mining stocks are recovering some recent losses. 

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 gained 0.5% on Friday, managing to rise 0.4% this week to record its sixth straight week of gains. 

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 CBA Business Sales Indicator rose by 0.2% in April, after gains of 0.1% in the three previous months. Annual growth slowed from 5.2% to 4.6%.

¾

The Commonwealth Bank Business Sales Indicator

(BSI) – a measure of economy-wide spending – rose for the 15th straight

month in April. The extra trading day in February and early timing of Easter

have distorted results in recent months so the results should be interpreted

with care.

¾

The Business Sales Indicator rose by 0.2 per cent

in April, after gains of 0.1 per cent in the three previous months. Annual

growth slowed from 5.2 per cent to 4.6 per cent. The more volatile seasonally

adjusted BSI rose by 3.4 per cent in April after rising by 6.2 per cent in

March and falling by 9.0 per cent in February.

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.

US sharemarkets fell on Thursday as investors remained concerned about the prospect of a June US interest rate hike. Six of the ten major SP sectors were lower, led by the industrial sector down 1.1%. Bucking the trend Wal-Mart shares surged 9% after the retailers first-quarter results beat estimates. The Dow Jones finished lower by 91 points or 0.5%. The SP 500 index fell by 0.4% while the Nasdaq lost 27 points or 0.6%.

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.

CommSec’s Steven Daghlian speaks with Nearmap (NEA) CEO Managing Director, Dr Rob Newman about the company’s growth in Australia and plans for expansion in the US. 

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 Xero Ltd (XRO) CFO, Sankar Narayan about the company's expansion plans and highlights of its recent FY results.

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.