Best of Times, Worst of Times for Microsoft, Starbucks
A complete contrast in fortunes as Microsoft surprises on the upside while Starbucks disappoints.
Read MoreA complete contrast in fortunes as Microsoft surprises on the upside while Starbucks disappoints.
Read MoreThe IMF reckons the Australian economy will grow by enough in 2021 to regain its pre-COVID level by the end of the year before slowing in 2022.
Read MoreCOVID saw the economy in South Korea – one of Australia’s top five export destinations with products dominated by iron ore, copper, coal and meat and some grains – hit a 20-year low in 2020 as the economy lost steam amid a resurgence of coronavirus infections and lockdowns.
Read MoreShare markets across Asia were lower after comments and a out of character move by China’s central bank in money markets sparked concerns of a tightening in policy and a more stringent approach to risks in the financial system.
Read MoreBega Cheese has officially become the largest listed Australian food company with the completion its historic $534 million acquisition of Lion Dairy & Drinks business from Japan’s Kirin Holdings.
Read MoreDespite the failed attempt to cuddle up to Europe’s biggest supermarket chain, Carrefour, there’s no sign that Canadian convenience store operator Alimentation Couche-Tard (ACT) plans to revive its bid for Ampol.
Read MoreA slightly weaker close in the US on Friday, with major indices easing from record highs ahead of Microsoft, Apple and Facebook reporting their December earnings this week.
Read MorePrices for major commodities fell across the board as investor sentiment soured last week despite solid data from both China and the US.
Read MoreAn in-depth look at all the key economic drivers and their potential effects on local and global markets this week.
Read MoreApple, Microsoft, Tesla and Facebook lead the way this week and they’ll need to keep investors convinced that the 4th quarter earnings season won’t be as bad as first thought.
Read MoreThe US will hold the attention of markets and investors around the world for a second straight week with some key data releases, meetings and earnings reports.
Read MoreNetflix shares are heading for a weekly gain of more than 15% as investors realised that for now it has won the streaming video battle with its myriad rivals led by Disney.
Read MoreRetail spending slumped 4.2% in December as the impact of a 7% surge in December drained demand from what is normally the busiest month of the year.
Read MoreCoca Cola Amatil says it did better than expected on the year to December, but will report lower revenues and earnings, thanks to COVID-19 and ongoing problems with their troubled Indonesian operations.
Read MoreFisher & Paykel Healthcare has seen worldwide demand for its breathing devices continue to soar during pandemic, boosting revenue 73% in the nine months to the end of December.
Read MoreDespite data that shows signs of improvement, both Santos and Woodside will be looking at (not unexpected) sharp falls in earnings for the full year when they are revealed in February.
Read MoreFinancial services admin provider Link, still in the sights of at least one bidder, has told the market it expects to perform slightly better than expected ahead of reporting its December half-year results in February.
Read MoreThanks to a boom in part time jobs, unemployment ended the difficult 2020 calendar year well below the 8% rate forecast by the Reserve Bank in its fourth and final Statement on Monetary Policy last November.
Read MoreDespite the solid rebound in retail sales, the continuing shortfall in the numbers of shoppers, tourists and CBD office workers has seen Vicinity Centres knock another half a billion dollars off the value of its centres.
Read MoreSydney-based fashion wear retailer Mosaic Brands told the ASX yesterday that it had seen a massive recovery in its earnings for the six months to December and that its interim results would “materially exceed” expectations.
Read MoreThe eyes of the global iron ore and steel industries will be on the waters of northwestern Australia from now until the weekend with a possible cyclone on track to hit the Pilbara iron ore mining and shipping areas.
Read MoreWall Street has greeted the inaugurations of Joe Biden and Kamala Harris with another record-breaking performance on Wednesday, adding to the surge that has driven stocks to new highs since the November 3 poll wins.
Read MoreThe International Energy Agency (IEA) January oil report forecasted a downgrade in 2021 oil consumption but still sees a second half recovery strengthening.
Read MoreShares in BHP remained at their current near record levels yesterday after it released an encouraging six-month sales and production report that saw the company ride the boom in commodity prices nicely.
Read MorePriceline Pharmacy owner Australian Pharmaceutical Industries expects first-half earnings from its retail operations to fall because of store closures in Melbourne and parts of Sydney in late 2020 and this month.
Read MoreNetflix announced a big beat on subscriber numbers which topped 200 million globally for the first time, pushing the company’s shares more than 11% higher in after-hours trading.
Read MoreAfter four years of no-touch regulation under Donald Trump, American financial markets have suddenly realised they face four years of close attention from a bunch of new overseers promoted by President-elect Joe Biden.
Read More2021 is going to be a year of marking time for Rio Tinto with targets for the coming year little changed from 2020, which likely means they will be looking to cost cutting and price gains to drive earnings growth.
Read MoreBingo Industries confirmed it has received a $3.50 per share cash-based takeover offer from funds advised by private equity group, CPE Capital, valuing the Sydney-based waste manager at $2.29 billion.
Read MoreIron ore prices rose Monday in the wake of the release of official figures showing China produced a record amount of steel in 2020, after importing a record amount of iron ore as well.
Read MoreThe online retailing boom continues to show up in trading updates from major chains, with JB Hi-Fi and Super Retail Group’s December 30 half year updates showing big gains, albeit slightly slower than in the closing months of the June 30, 2019-20 year.
Read MoreChina’s GDP was up 6.5% year-on-year for the December quarter, much stronger than the 6.1% forecast by economists and well up on the 4.9% growth in the previous period.
Read MoreInvestors didn’t like the news that Premier Investments Retail Chief Executive Mark McInnes will be leaving his roles after serving a 12-month notice period, knocking 2.3% off the company’s shares.
Read MoreListed investment company Djerriwarrh Investments has chopped its interim dividend by 40% after a slump in revenue and earnings triggered by the suspension or dropping of dividends by many companies because of the pandemic.
Read MoreMore bad news on Monday from QBE after another COVID-19 court ruling went against it. with the UK Supreme Court upholding an appeal against the country’s High Court’s September 2020 ruling in a test case run by the key UK regulator, the Financial Conduct Authority (FCA).
Read MoreMore earnings reports for the 4th quarter from American companies this week with arguably the most important being the data from streaming video giant, Netflix on Wednesday morning, Sydney time.
Read MoreA big week for the local market – not for the earnings results – but for the production and sales data from two of the world’s mining majors and iron ore giants – Rio Tinto and BHP.
Read MoreAfter three weeks of gains, there was a reminder Friday that oil prices can fall and fall sharply, and it was a similar story for gold, copper and silver, but iron ore prices edged higher on Friday.
Read MoreThe ASX is heading for a soft start today but the major event is mid-week and the inauguration of US President-elect Joe Biden and the lead up which threatens more violence and unprecedented security.
Read MoreWhile the inauguration of Joe Biden as President on Wednesday will dominate this week’s events, the continuing escalation of COVID cases and deaths in the US and Europe, and new cases in China, will be in the background, eating away at confidence in the global economy.
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