Dear %%first_name%%,
Over the next five days, the course of interest rates could be confirmed or changed, with Donald Trump catching up with his “friend” Xi Jinping at the G-20 Summit in Osaka, Japan. And what happens will be watched very closely by financial markets, as it will affect share prices, bond yields, forecasts for economic growth around the world and could also influence what the RBA Governor, Dr Phil Lowe and his team do with the cash rate next Tuesday. In my article today I ask: could you be shocked at what might happen to the course of interest rates over the next five days?
Also in the Report today, Tony Featherstone looks at ALS, a leading laboratory service provider to the global mining industry and life science industries. Either analysts are too positive on ALS and need to lower their earnings forecasts, or the market is too bearish and overlooking the link between a rallying gold price and ALS (through higher exploration and laboratory samples). Tony says he favours the latter scenario and is calling ALS a buy.
And Graeme Colley provides you with a list of things to keep your eagle eye on and make sure your SMSF records are in good condition to keep the fund auditor and the ATO happy.
In Buy, Sell, Hold, – What the Brokers Say, stockbrokers have issued 7 upgrades and 6 downgrades so far this week.
And finally in Questions of the Week, Paul Rickard answers your queries about whether Blackmores a buy; is fixed interest “safer” than shares” and how are SMSFs taxed in the year I retire?
Tickets for the Switzer Listed Investment Conference in August are now available. As a valued subscriber, we’d like to invite you to join us in Sydney, Melbourne or Brisbane as our guests. Click below to claim your complimentary tickets:
Enjoy the read and your week! Talk to you Saturday.
Sincerely,
Peter Switzer