Reporting season: All the latest news from companies releasing financial results to the ASX today

We’re mid-way through the first big week of reporting season, and today we ramp up the action with a full-year report from Australia’s biggest mortgage lender.

Headshot of Daniel Newell
Daniel Newell
The West Australian
Stick with us throughout the day as we bring you all the latest news from reporting season.
Stick with us throughout the day as we bring you all the latest news from reporting season. Credit: Gaye Gerard NewsWire/NCA NewsWire

We’re mid-way through the first big week of reporting season, and today we ramp up the action with a full-year report from Australia’s biggest mortgage lender.

Also airing their financial linen will be Seek, Suncorp, AGL Energy and Computershare.

Australian shares shook off a two-day losing streak yesterday but managed only marginal gains after the Reserve Bank left interest rates unchanged for a second straight month.

Westpac brought the market down Monday after revealing mortgage applications tumbled 20 per cent in the wake of capital gains tax changes. Let’s see if Commonwealth Bank does the same.

Stick with us throughout the day as we bring you all the latest news from reporting season.

While you were sleeping ...

Wall Street has ended lower, with Amazon and Alphabet dipping as investors became more pessimistic about a potential deal to bring stability to the Middle East.

The Strait of Hormuz will remain closed as long as the US does not change its behaviour and accept Iran’s conditions to end the war, the newly appointed secretary of Iran’s Supreme National Security Council said.

Brent crude futures held near one-week highs in choppy trading while the S&P 500 energy sector index climbed 1.1 per cent.

“As has been the case for months, it’s just really hard to come to an agreement that works for everyone. Oil is a little higher, pricing in more uncertainty around that,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.

“The market has obviously gyrated around this conflict at times but it hasn’t been the big headwind that a lot of people imagined it might be.”

Read the full market report ...

ICYMI

Here’s everything you missed from yesterday’s reports to the ASX ...

Originally published on The West Australian

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