Winston’s Weekly: Inflation, RBA and budget
Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreTalk about a brave move—President Biden’s attack on the Chinese electric vehicle markets is nothing but a load of hot air; real Alice Through the Looking Glass material. Putting tariffs on something that is not there will have no impact whatsoever.
Read MoreWarren Buffett’s $US6.7 billion move into the smaller insurer Chubb, controlled by a long-time family friend, dominated this week’s final quarterly data drop from the world’s most followed investor. Safe to say, the new investment is what investors focused on.
Read MoreChinese EV maker Li Auto is reportedly undergoing massive layoffs as sales fall short of budget and the price war intensifies. Chinese media reports say the cuts could be as high as more than 18% of its 31,000 workforce.
Read MoreUS stocks may have had a great opening on Wall Street Thursday, but they didn’t end well, the green (and record for the Dow) ending in the red. However, for the retail giant Walmart, it was a record-setting day as earnings and revenue topped all forecasts, belying gloom about weak consumer demand.
Read MoreCopper has emerged as a focal point for both data transmission and the investment strategies of those wary of inflation. Since early February, the red metal has experienced a remarkable surge in price, climbing over 26 percent on the London Metal Exchange and reaching record highs in the US.
Read MoreThe number of new jobs and the number of unemployed workers rose in April, as the labour market seemingly moved to the cusp of a major change.
Read MoreWall Street enjoyed a nice bounce Wednesday after US inflation edged down to 3.4% in April, and retail sales slowed by more than many analysts had forecast.
Read MoreThe economic forecasts of the 2023-24 federal budget have already experienced a miss, with March quarter wages growth slowing more sharply than forecast. This was attributed to the first fall in private wages in over three years and a slump in public service increases.
Read MoreIn the world of share market investing, charts serve as an indispensable tool for decision-making. They provide vital insights into market trends, price movements, and crucial indicators that influence trading strategies.
Read MoreFund Manager Chris Pedersen discusses Aristocrat Leisure, Commonwealth Bank of Australia and QBE Insurance Group.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the 2024-25 Budget.
Read MoreCSR (ASX:CSR) has reported higher profits from its building products business but a loss from aluminum for the year ending March 31, its last results as a listed company. The company is being taken over by Saint-Gobain, the large global building products group based in France, for $US4.32 billion.
Read MoreThe recession in the global lithium and battery materials markets has finally hit home in China, with BYD, the world’s biggest maker of electrified vehicles, postponing a key project slated for Chile.
Read MoreTreasurer Jim Chalmers presented his third consecutive budget on Tuesday night, marking a significant milestone with a back-to-back surplus of $9.3 billion – a feat not seen in almost two decades.
Read MoreSo, the cash will be spent, the surplus run down, and deficits of more than $70 billion in 2024-25 and 225-26, but all this as consumers retreat into their shells.
Read MoreEven though the Fed has made it clear there will be no rate rise until it is really convinced that inflation is falling sustainably, big global investors are ignoring that and are off in their own world of 'Rate Cuts Loom.'
Read MoreChina's car market slowed in April, and had it not been for a reasonable performance by the still-growing new energy vehicle sector, total sales would have looked forlorn. However, while sales of new energy vehicles (NEVs) did fall in April, the sector’s share of total vehicle sales jumped to a record high, as sales of conventionally powered ICE (Internal Combustion Engine) vehicles slid faster than sales of NEVs.
Read MoreAhead of Tuesday’s federal budget, the Australian economy eased in April, with business conditions and confidence back around long-term readings, but retail still remains very weak.
Read MorePrivate equity group Anchorage Capital Partners has stunned investors, including ARN, with its shocking decision to drop out of the bid for Southern Cross Austereo. This move will likely kill the $250 million offer.
Read MoreA solid finish to the stock markets on Friday, but today will see a more circumspect ASX re-open.
Read MoreChina's consumer prices rose for a third straight month in April, while producer prices extended their declines, as cost pressures remained mixed across a stuttering economy.
Read MoreFor all the noise and punditry about Tuesday night’s 2024-25 federal budget, investors will be looking later in the week to see what happened with US consumer inflation in April.
Read MoreA test this week marks the last days of the US March quarterly reporting season. Only a handful of S&P 500 companies might be reporting, but a couple are going to be pretty influential, especially in the consumer sectors, with mighty Walmart and Home Depot, America’s biggest DIY group, both reporting on Thursday.
Read MoreGold prices rose on Friday for their strongest week in six, as bets of an interest rate cut from the Federal Reserve again moved into the center stage.
Read MoreThe weakness in US oil drilling continued last week with another fall in operating oil rig numbers.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreAustralians just don’t seem to like gold as an investment—or rather, they don’t seem to like investing in the metal like investors in India, China, the US, and many other countries do.
Read MoreIn the current landscape of the oil industry, mergers and acquisitions have emerged as a predominant theme. Notable players such as Exxon Mobil, Chevron, Diamondback Energy, and Occidental Petroleum have engaged in substantial oil deals over the past year, collectively exceeding $150 billion in value.
Read MoreAmid China’s unexpected 8% surge in imports, iron ore shipments into the country stood out with a stronger-than-expected outcome, while oil and coal imports were also solid.
Read MoreAs we approach the end of the week, what’s the score from central bank meetings this week?
Read MoreChina’s economy showed a few more signs of life in April, with imports jumping more than forecast and exports back in the black for the first time in three months.
Read MoreThe Albanese government is set to defy global trends with the release of a comprehensive plan today, backing the continued extraction and use of gas beyond 2050.
Read MoreTesla might be the world’s most valuable carmaker by market value, but Japan’s Toyota Motor has confirmed its giant status when it comes to sales, revenues, and earnings, completely outclassing Elon Musk’s tattered company.
Read MoreFund Manager Chris Pedersen discusses National Australia Bank, Westpac Banking Corporation and Lyft.
Read MoreEven China can't stomach spending too much money buying gold at record levels – something the players in the gold market forgot when they reported this week that the country's central bank made another purchase in April.
Read MoreTesla's sales problems in China are not going away, and it continues to lose ground against its big Chinese rival, BYD, which is now outselling Elon Musk’s company in the core product: pure battery-powered vehicles.
Read MoreDespite some slightly hysterical claims about the big banks being 'casualties', their half-year results confirm they are a long way from being wounded by the sluggish economy, high inflation, and tightening margins.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the cash rate.
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