Oil Trims Gains After Saudi Attack
Oil futures finished lower on Friday but still notched up a big gain for the week after those attacks on Saudi Arabian production facilities last weekend.
Read MoreOil futures finished lower on Friday but still notched up a big gain for the week after those attacks on Saudi Arabian production facilities last weekend.
Read MoreThis week will see the ripples continuing from the Saudi attacks, Donald Trump’s continuing undermining of a reduction in tensions in the trade war with China and updates on the health of business in economies in Asia, the US, Australia, and Europe, as well as the final estimate of US second-quarter GDP.
Read MoreNothing in the August jobs data that will cause a change of heart at the RBA except to confirm that the economy is running in very low gear with little chance of an improvement in weak wage growth in the next year and higher consumer spending.
Read MoreShares in Australia’s biggest brick maker Brickworks jumped more than 6% yesterday despite a weak full-year result. Meanwhile, the weak performance by Round Oak Minerals saw Washington H Soul Pattinson, Brickworks’ major shareholder report a 7% decline in earnings for the year to the end of July.
Read MoreRather than a quarter of negative growth as some gloomy forecasters had been worried about New Zealand enjoyed better than forecast economic growth in the three months to June.
Read MoreASIC, the corporate regulator, has forced three small companies to write down asset values in their 2018-19 balance sheets according to quietly released announcements this week.
Read MoreFor the second time in two days the US Federal Reserve has been forced to inject another $US75 billion in emergency funding into the US money markets to ease a liquidity squeeze.
Read MoreAnother warning bell about the health of the major economies and global trade as Japan’s exports fell sharply in August for the 9th month in a row.
Read MoreWhile Kiwi outdoor apparel retailer Kathmandu seems to have tracked down a vein of Aussie consumers who were ready to spend enough to boost the company’s earnings to record levels in the year to the end of July, the real boost came from the first full year contribution from US boot maker, Oboz.
Read MoreThe US Federal Reserve cut its key interest rate by 25 basis points to a range of 1.75% to 2% early Thursday, Sydney time but left some confusion in markets as the key policy-making board split on the decision.
Read MoreIs Warren Buffett being left holding the can at the underperforming food giant Kraft Heinz after his erstwhile Brazilian-based partner sold more of its stake at less than market value on Monday?
Read MoreThe RBA is watching events offshore closely and continues to keep the door open to further domestic easing against a backdrop of weak consumption and low wages.
Read MoreThe annual results for coal miner, New Hope Corporation might have been a record, but the detail left investors unimpressed.
Read MoreLess than a month after delivering its 2018-19 results and a rather subdued outlook for 2019-20, Helloworld Travel now expects a better performance in the coming year than previously expected.
Read MoreChina’s pace of steel production rebounded August after two months in a row of falling output.
Read MoreThe latest Chinese economic data out for August shows the pace of economic activity clearly slowing from the already sluggish pace set in July.
Read MoreShares in the organic infant formula company Bellamy’s Australia ended nearly 55% higher yesterday as the board and management decided being independent was all too hard and revealed a sell-out to a giant Chinese dairy group.
Read MoreThe attacks on Saudi oil facilities on Saturday and price spike yesterday helped the ASX 200 to a modest 4.3 point gain to 6673.5 points yesterday and helped produce an expected jump in the prices of oil and gold producers.
Read MoreGlobal oil prices have soared by as much as 20% to above $US71.00 a barrel for Brent crude as markets reopen after a major attack on Saudi Arabia’s oil infrastructure.
Read MoreBy the close on Saturday morning, Sydney time US shares had added 1% for the week, Eurozone shares, 1.5%, Japanese shares jumped 3.7% and Chinese shares were up a modest 0.6%.
Read MoreWhile share markets globally will be watching this week’s interest rate decision of the US Federal Reserve, their immediate attention will be on the fallout from the weekend attacks on key oil facilities in Saudi Arabia.
Read MoreCommodity prices should follow oil higher today in trading across Asia and Europe after the attack on key oil facilities in Saudi Arabia. Watch oil prices first off, but keep an eye on gold, silver and iron ore.
Read MoreOil prices are set to rally as markets awake to the dramatic impact of a co-ordinated drone attack on the world’s biggest oil processing facility.
Read MoreThe Federal Reserve will deliver its monetary policy statement on Thursday morning but watch for possible moves from the Bank of England and the Bank of Japan which also hold policy meetings, also on Thursday.
Read MoreThe takeover of Havilah Resources by British billionaire Sanjeev Gupta has come unstuck in spectacular fashion at a shareholder meeting with the deal sunk by one senior executive and director.
Read MoreElders has been cleared by the competition regulator, the ACCC to complete its takeover of rural wholesale buying group Australian Independent Rural Retailers (AIRR).
Read MoreAnother lot of negative data about the health of consumer demand in China with car sales down for yet another month.
Read MoreA day after its August business survey confirmed a further slowing in the pace of activity in key parts of the Australian economy, the National Australia Bank has added another rate cut forecast to its outlook.
Read MoreRather than announce it in Australia where most of his company’s shareholders live Woodside CEO Peter Coleman has revealed plans to cut its stake in two key assets to raise funds for other developments in an interview with a global news agency.
Read MoreChinese producer pricers remained in deflationary territory last month as soaring pork prices left consumer prices unchanged at a high 2.8% annual rate.
Read MoreAfter the solid rise in housing finance for July and the second month of rising house prices in Sydney and Melbourne, some silly analysts and media writers are starting to talk about a rebound.
Read MoreIron ore prices hit a month high on Monday, the day after the country’s trade figures for August showed a near-record 91 million tonnes of ore was imported last month.
Read MoreWe have a takeover battle for small power group, Pacific Energy with news of a higher takeover offer for the group.
Read MoreA 5% increase in home loan lending in August, compared to July surprised a little on the upside yesterday as the two rate cuts from the Reserve Bank seem to have dragged new home buyers, investors and people looking to trade up back to the housing market.
Read MoreFigures out last week reveal, quite sharply, just how investors abandoned US sharemarkets in August in favour of bonds, helping drive yields down to multi-year highs in the US in particular.
Read MoreSuncorp shares hardly moved yesterday after the financial group named Steve Johnston as its next chief executive.
Read MoreCoca-Cola Amatil is revamping itself by going to a geographic structure for its various beverage businesses that will see a merging of operations in what looks like another cost-cutting exercise.
Read MoreLet’s see, there’s a big week ahead for markets – there’s the European Central Bank monetary policy decision, more delusions from Boris Johnson over Brexit, US retail sales, inflation in the US and China, Japanese GDP and Australian business and consumer surveys.
Read MoreThe improved confidence across markets helped oil and copper but undermined gold and silver.
Read MoreChinese authorities have ordered a 1% cut in bank reserve ratios after trade figures revealed that exports unexpectedly fell in August while imports shrank for the fourth month in a row.
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