Market Report with Paul Wareing - March 15, 2017

Written on the 15 March 2017

Market Report with Paul Wareing - March 15, 2017 The ASX200 had a positive week and ended 0.8% higher. The Aussie dollar drifted lower down 0.7%, oil was hit hard on higher US stockpiles and production, gold drifted lower on the much anticipated US interest rate move and iron ore continued south. As expected the Reserve Bank of Australia kept interest rates on hold and maintained a neutral stance in its outlook

In the US, solid jobs data pretty much guaranteed a rate rise in the US. The focus will now be on the accompanying statement and any hints of future rate rises. Mr Trump was remarkably quiet, which is almost as unnerving as his tweet fests !!

Looking ahead, in the US it's all about the interest rate decision and the statement that follows. The market's reaction will be based on how aggressively the Fed anticipates rate rises in the future. We find out on Thursday morning.

Locally a somewhat lacklustre NAB Business survey has taken the shine off the previous months stellar outlook. Iron ore prices will be of interest and hopefully the Presidents next statements will put some meat on the bones of his fiscal policy.

Upcoming Events

Latest news

Cygnet Bay Pearls Kick-Start program offers valuable Australian pearls as a gift to first entrants

Jewellers invited to master the art of creating with the Australian South Sea Pearl grown in the Kimberley, and Australian Akoya Pearl grown in the Central Coast NSW Cygnet Bay Pearl's Kick-Start program offers a pearl to first jewellers who apply for Masters, with $30,000 worth of prizes on offer Cygn...

Read More

Articles via RSS rss

Sign Up for the latest news & events

Does your business attract, recruit and retain staff by offering employment or work experience to young Aboriginal employees?
CLICK HERE to become a Working Together Employer of Choice.

 

Members

We are located at:

6 Napier Tce
(behind the Westpac bank)
Broome
WA 6725

Chamber office hours

Monday: 10am - 3pm
Tuesday: 10am - 2pm
Wednesday: 10am - 3pm
Thursday: 10am - 2pm
Friday: 10am - 2pm

Please ring for an appointment

Phone

(08) 9193 5553

After Hours

0410 967 509