Commodities Corner: Ain’t No Stopping Us Now
Copper and iron ore hit new all-time highs on Friday as demand for both commodities continued to surge, especially from China, with other commodities being dragged along for the ride.
Read MoreCopper and iron ore hit new all-time highs on Friday as demand for both commodities continued to surge, especially from China, with other commodities being dragged along for the ride.
Read MoreWeak headline figures in the face of continued strength in underlying trends are making the Chinese economy tough to get a good read on at the moment.
Read MoreAfter Eurozone shares rose 0.8% on Friday and Wall Street saw the S&P 500 end 0.7% higher, ASX 200 futures fell 4 points, or 0.1%, for a soft start to trade later this morning.
Read MoreThe three major bank results – and that from CBA in February – showed cash profits jumped 62% in the March half year to $13.8 billion. So why did they get sold off this week?
Read MoreThe New York Times’ subscription growth slowed to its lowest rate in over a year in the three months to March as the news cycle cooled with the accession of Joe Biden to the Presidency.
Read MoreMacquarie Group has lifted final dividend by a massive 86% to $3.55 a share after riding the recovery in equities, bonds and commodities markets to a 10% rise in earnings for the year.
Read MoreFollowing positive results from JB Hi-Fi and Super Retail group, Scenter – the country’s biggest shopping mall owner with 42 – has issued an upbeat quarterly update.
Read MoreIron ore prices hit new record highs on Thursday as prices for 62% Fe fines delivered to northern China topped $US200 a tonne for the first time.
Read MoreA win and a loss for Qantas yesterday but the new Covid cases in Sydney provided the spark that sent the shares to the lowest they have been for nearly three months.
Read MoreA cautious reaction to a solid trading update from the country’s biggest electronics and whitegoods retailer JB Hi-Fi, which says it continues to see strong demand from customers.
Read MoreLike the way they greeted the solid result from ANZ, investors gave NAB shares a good whack yesterday despite a higher interim profit and dividend.
Read MoreTwo high flying tech stocks returned to earth with a thud on Thursday with Appen and Nearmap both seeing 20% plus slumps in their share prices; one a bit of a mystery, the other for good reason.
Read MoreThe sheen went off recently-listed beauty retailer Adore Beauty after a less than convincing trading update on Thursday, with shares in the company falling nearly 20%.
Read MoreA win and loss for Qantas, as the company is incentivised to keep its HQ in Sydney but has the kibosh put on a proposed route deal with Japan Airlines by the ACCC.
Read MoreNAB has joined Westpac and the ANZ in returning to paying an interim dividend after reporting a solid rebound in earnings for the six months to March 31.
Read MoreTwo days after a solid interim result, a dividend and encouraging noises about cost cuts between now and 2024, Westpac is back in trouble with regulators.
Read MoreThe home building boom looks like continuing until the end of this year after another record month for approvals in March to a seasonally-adjusted $15.56 billion.
Read MoreAmcor shares rose 2.3% yesterday in the wake of an encouraging trading update, reporting a 12% increase in net income to $US805 million for the nine months to March.
Read MoreMedibank Private has updated its outlook for the 2021 financial year, anticipating it will see higher policy growth and lower net claims expenses than previously expected.
Read MoreFor the ANZ it looks like a case of ‘sell on the news’ and take profits after the shares dipped yesterday in the wake of a solid recovery in interim earnings and a higher dividend.
Read MoreOn Tuesday a very weak trading update from Flight Centre, Australia’s biggest travel agency, helped explain the recent loss of traction for the sector.
Read MoreANZ has joined Westpac in lifting earnings and dividend for the six months to March 31 as the economy and lending in particular recovers from 2020’s pandemic driven lockdowns.
Read MoreAnother solid sales update from Super Retail Group as Australians continue to fiddle with their cars, get outside for a bit of exercise, boating or fishing, while wearing a nice pair of boots.
Read MoreThe RBA will keep the key cash rate steady but has started moving to cut the size of its support packages to accommodate the strengthening economy.
Read MoreRecruitment group Seek has confirmed the long-awaited bonus dividend for shareholders and upgraded its outlook based on the performance of its Australasian job ads businesses.
Read MoreEnergy group AGL is still heading for splittsvile despite losing its CEO last month, a departure that saw some analysts claim that the division of the company might not happen.
Read MoreLife after China continues for Treasury Wine Estates which is continuing to push deeper in the huge US market despite its disappointments there in the past decade or more.
Read MoreThe biggest question in global business has been settled – who will replace Warren Buffett at the head of Berkshire Hathaway.
Read MoreKerry Stokes’ 40% owned Seven West Media has issued a cautious upgrade to its March quarter trading performance while confirming revenue deals with Google and Facebook.
Read MoreSuddenly Kerry Stokes has a problem in his business empire that won’t be cheap to fix, involving Seven Group Holdings’ 30+% stake in Aussie oil and gas explorer Beach Energy.
Read MoreWestpac shares hit their highest level in 16 months on Monday thanks to a big tick of approval from investors for a better-than-expected interim result and dividend payout.
Read MoreThe surge in house prices slowed a touch in April but still enjoyed a nice national rise, while Australian manufacturing activity rose to record levels.
Read MoreAustralia is deep into a commodity price supercycle thanks to continued strength in the prices of iron ore, oil and LNG, copper, and other key rural commodities.
Read MorePremier Investment’s majority shareholder Solomon Lew has reversed his contentious decision not repay $15.6 million in government JobKeeper subsidies.
Read MoreWestpac is paying an interim dividend of 58 cents a share after revealing a solid rebound in earnings for the six months to March 31 from the depressed 2019-20 year.
Read More‘Sell in May and Go Away’, is a famous market adage with the underlying message being take your profits at the start of the warmer months and see what happens. Will that play out this year?
Read MoreThe local economy moves further into centre stage ahead of the federal budget tomorrow week, China is showing more signs of slowdown, and Europe has dipped into recession.
Read MoreThe US jobs figure for April dominates data this week, but there are also some important central bank meetings, Chinese trade figures, and global manufacturing surveys.
Read MoreIn perhaps the best sign so far this US reporting season of the growing recovery in the US economy, Warren Buffett’s Berkshire Hathaway saw a strong rebound in its March quarter operating earnings.
Read MoreApril was a very good month for commodities, even though the final day of the period – Friday, April 30 – wasn’t so good with small falls across the board. Once again, iron ore starred.
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