Market Close Report

23 June 17, 4.30pm AEST. After a weak start the Australian share market regained lost ground into the close of trade as early losses in the banks reduced. The market is down 1% this week. 

Sales lift across the board

20 Jun 17. Sales rose strongly in May, up 8%, according to the Commonwealth Bank Business Sales Indicator.

Jobless rate at 4yr low

15 June 17. Employment rose by 42,000 in May after rising by 46,200 in April. Full-time jobs rose by 52,000 while part-time jobs fell by 10,100. Economists had tipped a near 10,000 increase in jobs.

Healthcare leads the job gains

22 Jun 17. Employment rose by 133,500 in the three months to May - the biggest quarterly gain in jobs for over two years.

Not enough homes

20 June 17. The Bureau of Statistics reports that Australian home prices rose by 2.2 per cent in the March quarter to stand 10.2 per cent higher over the year. At the end of March there were 39,800 more homes than at the end of December.

Petrol prices to slide

19 Jun 17. According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 2.7 cents to 128.0 cents a litre in the past week. But the wholesale price stands at a 7-month low so prices are set to fall further.

The Week Ahead

The financial year is drawing to a close, but there are no ‘first tier’ indicators to either close out the year or usher in the new financial year. Key demographic figures are out.

Weekly chart pack

23 June 17. CommSec's Craig James highlights the six standout charts over the past week, including Oil price, Value of Australian homes, Number of people per dwelling.

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Markit On Demand

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