Monday Market Minutes: Subdued Start Expected
Wall Street is closed tonight for the Presidents’ Day holiday, so markets outside the US will trade without a lead until Tuesday night.
Read MoreWall Street is closed tonight for the Presidents’ Day holiday, so markets outside the US will trade without a lead until Tuesday night.
Read MoreAnother good week for oil after prices hit the highest levels in more than a year on hopes the American economy will rebound and fuel more demand for oil products.
Read MoreNo less than 64 ASX-200 companies are reporting this week, while in the US Walmart’s January quarter earnings is the main focus as things taper off.
Read MoreFor several months now American financial markets – well the more panicky and younger types – have been wetting themselves about inflation. The Fed, as it turns out, not so much.
Read MoreOil major Royal Dutch Shell wants to be carbon neutral by 2050 Royal Dutch and will expand its consumer facing businesses in order to achieve its goal.
Read MoreThe Newcrest share price went for a nice run yesterday on news that the company intends to increase its dividend payouts for the foreseeable future.
Read MoreAMP shares plunged yesterday by more than 10% after the company told the ASX that US firm Ares had withdrawn its takeover proposal.
Read MoreTelstra shares closed slightly higher yesterday as it maintained its dividend in the face of more pressures on its businesses in the six months to the end of December.
Read MoreEnergy giant AGL’s expected $2.3 billion loss for the six months to December is a warning to the rest of the energy sector about the fading financial attractiveness of these assets.
Read MoreThe breaking of the drought and the good rains in late 2020 and early this have helped GrainCorp do a bit of ‘breaking’ itself by allowing it to well and truly escape the rut it found itself in.
Read MoreTransurban can blame Melbourne and COVID for what has turned out to be a weak set of numbers for the first six months of 2020-21.
Read MoreThe ASX has trimmed its half year payout to shareholders by 3% to 112.4 cents a share after missing the benefits of the big market recovery in the six months to December.
Read MoreNo final dividend and no takeover offer from US investment firm Ares, so it’s back to the drawing board for AMP to see if management can improve the company’s performance.
Read MoreTelstra continues its battle to cope with COVID, the rapidly changing marketplace and competition, as well as the NBN.
Read MoreSolid results from two mid-tier miners yesterday in Northern Star and Mineral Resources which confirm the boom is not limited to megaminers such as BHP and RIO.
Read MoreAnyone hoping for a detailed statement from Crown to Tuesday’s damning Bergin report would have been left disappointed by a one paragraph release and brief statement from CPH.
Read MoreIrrespective of investors’ mixed response to it, Commonwealth Bank’s interim result has set the tone for the rest of the sector over the next two months.
Read MoreInvestors ignored IAG’s reported loss of $460 million, instead choosing to focus on the company’s decision to declare a dividend of 7 cents per share.
Read MoreA disappointing full year result from Spanish-controlled contractor CIMIC Group saw the shares slump 17% at one stage before closing down 4.5% to $21.56.
Read MoreThe Commonwealth Bank met investor expectations with a lower profit than a year ago, a lower dividend but it was also higher than the final for 2019-20 and that’s what the market had been wanting.
Read MoreThe contrast could barely be more marked between the weak result and dividend suspension by Boral and James Hardie’s surging profits and special payout to shareholders.
Read MoreWhile sector rival James Hardie continues to turn things around, Boral is still struggling to get rid of dud assets bought by the previous CEO, Mike Kane.
Read MoreBrisbane-based Suncorp has left its interim dividend unchanged despite reporting profit growth in its core insurance and banking businesses.
Read MoreShares in annuities specialist Challenger plunged more than 14% yesterday after investors gave the half year results the thumbs down.
Read MoreCrown Resorts shares will come under enormous pressure today after its future in the Australian gambling business was thrown into considerable doubt.
Read MoreContinued weakness in property values thanks to the pandemic have seen Dexus’ earnings more than halve in the half year to December.
Read MoreThe timing of the Lunar New Year had plenty to do with the 10% fall in iron ore exports to China through Port Hedland over the past month.
Read MoreShares in Vocus Group surged on Monday after it confirmed market rumours it had received an indicative $3.5 billion takeover offer from Macquarie Infrastructure and Real Assets Holdings (MIRA).
Read MoreShares in pharmaceutical wholesaler Sigma Healthcare hit their highest level in more than two and a half years yesterday after the company revealed a solid upgrade to expected earnings.
Read MoreLike many of its peers, Adelaide based Argo Investments has trimmed interim dividend after reporting a slide in earnings for the six months to December 31.
Read MoreLast week saw traditional cornerstones such as the major banks reassert their importance to the local market, while US indices touched new highs.
Read MoreThe US December quarter earnings season slows this week but after the first three weeks or so of the reporting period it looks like American companies are on track to post earnings growth for the fourth quarter of 2020.
Read MoreThe Australian December half earnings reporting season steps up this week with 23 major companies reporting, including CBA, Telstra, Newcrest and AGL.
Read MoreMost major commodity prices rose last week as the anticipated assault on the silver market by the Reddit Army petered out quickly and, for the most part, ineffectively.
Read MoreWho would have thought that on the cutting edge of the biggest disruption of all would be the industrial dinosaur, General Motors?
Read MoreWhat exactly does the Chinese steel industry have planned for the sector and, more importantly, how this will affect local producers such as BHP, RIO and Fortescue?
Read MoreRetail sales volumes rose 2.5% in the December quarter 2020, seasonally adjusted, according to the Australian Bureau of Statistics (ABS) on Friday. This follows the 6.5% rise in the September quarter 2020.
Read MoreShares in ASX listed gold miners will take a big hit today after the price of the precious metal fell sharply on Thursday.
Read MoreFurniture retailer Nick Scali has boosted its interim dividend but again warned that its growth remains constrained by COVID-related supply issues and made no forecast for the June 30 half year.
Read MoreInvestors took the big stick to both Origin and AGL yesterday as both companies’ operations continue to struggle, with Origin shares in particular hit hard, falling nearly 7% on the day.
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