Chinese Inflation Remains in Check for Now
No sign of an ‘inflation scare’ from Chinese consumer price movements, as inflation data for May yesterday revealed prices grew 1.3% year on year compared to forecasts of 1.6%.
Read MoreNo sign of an ‘inflation scare’ from Chinese consumer price movements, as inflation data for May yesterday revealed prices grew 1.3% year on year compared to forecasts of 1.6%.
Read MoreContrasting market reactions to similar proposals from two companies that up to February last year were one, as Cardno and Intega issued similar statements about ownership reviews.
Read MoreDexus is continuing its recent hectic pace of deals and bids in the property sector as it builds diversity into its portfolio and away from CBD office buildings.
Read MoreAn upbeat update from Brickworks on Wednesday which told the ASX that it now expects record-high earnings from its property assets in 2020-21, although sustainability remains uncertain.
Read MoreThe US Energy Information Agency said in its June report on Tuesday that it sees more production in 2022 – a situation that could pressure prices.
Read MoreAnother bit of corporate action in the listed tech sector – the third in two days – with NBN provider Superloop bidding to buy Australia’s largest independent internet service provider Exetel.
Read MoreAfter putting off his retirement to give the company continuity through the lockdowns and other disruptions last year, Ansell CEO Magnus Nicolin will finally step down on September 1.
Read MoreNational Storage gave the real estate investment trust (REIT) sector a boost yesterday after going into a trading halt to allow it to raise $325 million from shareholders and investors.
Read MoreThe May survey of business conditions and confidence from the NAB has confirmed the strength of the economic rebound is continuing well into the second quarter of 2021.
Read MoreChina’s continuing ban on Australian coal seems to have missed rail freight company Aurizon, which yesterday reaffirmed its full-year earnings guidance at its investor day in Newcastle.
Read MoreThe numbers told a boom-like story, but further data suggests that the strength of the current Chinese economic rebound is not as sound as previously believed.
Read MoreIt was a very busy Monday for AUSTRAC, the country’s main financial intelligence group, which has launched separate investigations into four ASX-listed companies.
Read MoreThe local tech sector came alive Monday, with a $5bn move on Altium from American giant Autodesk and a $1.3bn offer from local private equity group BBGH Capital for Hansen Technologies.
Read MoreAn about-face by ratings agency S&P, who yesterday pulled back from previous concerns about the Australian economy and instead restored the country’s AAA stable classification.
Read MoreA modest 6-point gain in overnight futures trading indicates the Aussie market will start the week hesitantly despite Wall Street’s solid session on Friday.
Read MoreSupply pressures are continuing in the global iron ore market, undermining the strident campaign from the Chinese government to put a lid on prices. Most other commodities ended the week with solid gains.
Read MoreAnother small but significant changing of the guard on Wall Street on Friday as the market value of Alphabet (Google) overtook that of Amazon for the first time in 16 months.
Read MoreThis Thursday’s May US Consumer Price Index numbers will be high, another test of investor belief in the Fed and other central banks who hold that the rise is “transitory”.
Read MoreThe differing experiences of carmakers old and new tells us a lot about the reality of all investing – it’s all about numbers on the board and walk to match the talk.
Read MoreGuarded optimism about future strength in the nickel price from Fitch Solutions, which said this week it expects prices to continue rising slowly as the world supply deficit continues.
Read MoreIt is becoming clearer that the shock win by an activist investor on the board of Exxon Mobil has seen highly experienced people take control of the world’s biggest non-government oil group.
Read MoreThe one-off is slowly becoming a trend in retailing as more chains report weaker sales growth or even falls compared to the boom-like conditions of a year ago.
Read MoreThe Australian sharemarket continued wandering higher into unchartered territory on Thursday, as did a number of leading shares with Commonwealth Bank again leading the way.
Read MoreBega Cheese and Kraft Heinz have finally finished their stoush over peanut butter with the Australian company getting a payout of $9.5 million to cover its costs of the litigation.
Read MoreThe good economic news rolls on in the wake of the upbeat GDP and national accounts data on Wednesday, with strong data for both retail sales and the balance of trade.
Read MoreNew vehicle sales in Australia jumped again in May to reach the highest monthly number so far this year, driven by pent-up demand from last year and cheap finance and lease rates.
Read MoreThe impact of the shock win by an activist investor’s assault on the board of Exxon Mobil – the world’s biggest non-government oil group – has grown with a decisive result in the count for a third director nominee.
Read MoreReports that authorities in Tangshan are talking about relaxing tough rules brought in last April to cut pollution and smog emissions have sent iron ore prices soaring for a second day.
Read MoreGovernment incentives to business and home builders helped GDP rise a stronger than forecast 1.8% in the three months to March, as did the very relaxed monetary policy from the RBA.
Read MoreThe Federal Court has ordered Forex Capital Trading Pty Ltd (Forex CT) pay a $20 million penalty and banned the company’s Director from managing corporations for eight years.
Read MoreNo quick flip for participants in the listing yesterday on the ASX of US-based Keypath Education, with shares closing at $3.55, down 4% on its first day of trading on the ASX.
Read MoreVocus Group suffered the embarrassment yesterday of two of its main brands – Dodo and IPrimus – being fined a total of $2.5 million in the Federal Court after an ACCC investigation.
Read MoreWorld oil prices rose to two-year highs on Tuesday after OPEC and a group of allies resisted pressure to accelerate the pace of the reduction in the size of its production cap.
Read MoreFollowing encouraging data from the Australian Bureau of Statistics yesterday, economists have revised up their estimates for March quarter GDP in today’s national accounts.
Read MoreThe great housing boom continues – prices surged in May and building approvals for owner-occupied again rose in April, although there was a sharp drop in approvals for units and apartments.
Read MoreThe West Australian government is making sure that the booming iron ore sector pays its share of royalties and taxes, which means the likes of Fortescue and BHP will be forking out more in coming years.
Read MoreNo rate change from the Reserve Bank yesterday, with the official cash rate remaining at 0.1%. But continued strength in commodity prices and wage pressures are looming concerns.
Read MoreIron ore prices ended May on a high with the 62% benchmark fines product from Australian producers back near $US200 a tonne, but still off sharply from the all time highs reached on May 12.
Read MoreThe ASX-200 ended May 1.9% higher for its 12th straight monthly gain, and for that, investors can thank the big four banks.
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