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1.Market Observations, 8.Was Sticky

5 Aug 2019 (AFR) – Investors brace for a brutal profits season

(5 August 2019, AFR, p1, Vesna Poljak and Jonathan Shapiro)

Caixin China output PMI (Westpac, ANZ, NAB, Caisin, AFR)

Caixin China output PMI (Westpac, ANZ, NAB, Caisin, AFR)

‘Explosive earnings growth from the resources sector will paper over a woeful performance from industrial stocks and banks when the 2018-19 results season begins on Tuesday, which is on track to be the weakest in three years. After Wall Street ruled off its worst week this year on the revival of the US-China trade dispute, the S&P/ASX 200 Index is poised for a flat start to trade.’

Read more at AFR.com (might need AFR log in access, or try: AFR.com/trial)

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