BHP Headlines Huge Week Of Earnings
The big week for the Australian June 30 earnings season with around 115 ASX 200 companies due to release results which will tell us just how well corporate Australia performed in 2018-19.
Read MoreThe big week for the Australian June 30 earnings season with around 115 ASX 200 companies due to release results which will tell us just how well corporate Australia performed in 2018-19.
Read MoreCochlear’s 2018-19 results topped market expectations, Newcrest has ridden the rising gold price higher, Domain has cut its full-year dividend while investors have given oOh! Media’s 2019 profit downgrade a big thumbs down.
Read MoreGold futures prices fell on Friday but still ended well above the $US1,500 mark in New York.
Read MoreGlobal recession fears, events in Hong Kong, Donald Trump’s trade wars, the US Federal Reserve’s annual Jackson Hole seminar plus a host of corporate earnings from the ASX. It’s a huge week ahead.
Read MoreOil futures finished higher Friday and for the week, despite another forecast from OPEC about weakening demand this year and next.
Read MoreOne of the best performers in yesterday’s market-wide slide was the Super Retail Group which rode out the sluggish retail sector in the year to June and seems to have managed to overcome a wage underpayment scandal, even though there will be an added cost from it in 2019-20.
Read MoreAustralian 10-year bond yields fell further under the Reserve Bank’s cash rate to a new all-time low of just 0.88% yesterday as the ASX suffered a 2.9% slide in what was its worst one day’s performance since February with $A60 billion in value wiped from the market’s value.
Read MoreDespite the attack from a short-selling group during the year, Treasury Wine Estates has reported a solid rise in earnings and dividend for the year to June.
Read MoreTelstra has slashed its final dividend after a sharp slide in profit for the year to June 30 and shareholders have been warned to brace for an even bigger impact on its bottom line next year as a result of the NBN.
Read MoreVitamins group, Blackmores saw its shares slump more than 15% at one stage on a sharp fall in profit, weaker sales in China and a big cut to its dividend.
Read MoreAnother result from QBE, the global insurer that hasn’t been impacted by problems somewhere in its far-flung operations.
Read MoreShares in Woodside Petroleum have slumped more than 6% on a slide in world oil prices and a slashing of its interim dividend in the wake of a weak June half-year profit.
Read MoreWall St has suffered its worst day of trading this year after global bond markets spooked investors signalling that a recession is near for the US and UK economies.
Read MoreAustralian Bureau of Statistics data yesterday confirmed that we are in the midst of a period of wage stagnation, with no sign of any improvement.
Read MoreCaltex Australia’s says its long-serving CEO, Julian Segal is to retire after ten years in the top job.
Read MoreAveo Group has finally ended the dance and signed a deal with Brookfield Asset Management under which the Canadian firm will buy the retirement home operator for $1.27 billion.
Read MoreCSL’s shares hit an all-time high yesterday after the company issued a bullish outlook statement on top of a very solid 2018-19 result and higher dividend (which was made a lot fatter by the slide in the value of the Aussie dollar in recent weeks).
Read MoreThe decision by shopping centre operator, Vicinity to flog off more of its malls isn’t surprising given the sale late last year of 11 malls had no real impact on its weak returns which plunged more than 70% in the year to June and saw it cut its final distribution.
Read MoreChina’s steel industry cut output for a second successive month in July, helping in part explain the shock weakening in industrial output across the entire economy last month.
Read MoreA 17-year low for industrial production was the lowlight from unexpectedly weak data from China yesterday in the final release of July economic figures.
Read MoreArgo, like its LIC rivals, is now very cautious about the coming year and in reality is not really optimistic about another cash shower like the one enjoyed in the year to June.
Read MoreArgo Investments 2018-19 results were similar to many of its rivals in the Listed Investment Company (LIC) space, or those more traditional with big holdings in old-line stocks like the big miners such as BHP and Rio Tinto and the spin-off of Coles from Wesfarmers late in 2018.
Read MoreNo good news for the Reserve Bank or the Federal Government from the July survey of business conditions and confidence from the National Australia Bank.
Read MoreChina’s passenger car fell for the 13th month in a row in July and in a worrying development, sales of new energy vehicles (such as electric-powered cars) fell for the first time in two years.
Read MoreInvestors in Challenger Ltd slowly cooled to the company’s 2018-19 result yesterday which while meeting revised guidance in June (the second downgrade in five months) saw no change in what looks like a slow outlook.
Read MoreDud investments, political instability in South America, overvalued assets in NZ and the drought in Australia have made a mess of the accounts of giant New Zealand dairy group Fonterra.
Read MoreAnsell shares were up more than 7% at one stage yesterday as investors gave what appeared to be a modest result (which included a small nudge up to the final dividend) for 2018-19 a big thumbs up.
Read MoreBendigo and Adelaide Bank will pay a steady final dividend of 35 cents a share (for a steady full-year payout of 70 cents) after revealing a weak 6.6% slide in cash earnings to $415.7 million for the year to June.
Read MoreShares in JB Hi-Fi hit an all-time high yesterday after the company revealed a solid 2018-19 result and outlook for 2019-20.
Read MoreWarren Buffett’s problems with Berkshire Hathaway’s loss-making investment in ailing food giant, Kraft Heinz, shows no sign of improving.
Read MorePresident Donald Trump has again opened his mouth to inject more uncertainty into the trade war with China, unsettling markets.
Read MoreDespite finishing the week with three positive sessions on the back of an aggressive 0.5% rate cut from the Reserve Bank of New Zealand on Wednesday, the market still closed lower by the end of the week.
Read MoreThe focus is on Australia this week for local markets, although all will have a weather eye on China with more data and, more importantly, the daily setting of the value of the Yuan to the US dollar.
Read MoreOil futures rose sharply on Friday, making back-to-back gains after slumping into a bear market earlier in the week on growing concerns about the impact Trump’s trade war is having on global economic activity and demand.
Read MoreComex gold futures settled virtually all but steady on Friday but enjoyed the best weekly return in more than a month.
Read MoreKeep a close eye on more data on the health of the Chinese economy this week after deflation reappeared in the country’s huge industrial sector for the first time in three years.
Read MoreWhile some important economic reports are coming in the US this week, it will be the health of the under-pressure retailing sector that will be examined in a series of quarterly reports.
Read MoreMixed messages from China’s July trade data. As imports fell 5.6%, exports staged their best monthly performance since March despite the intensifying Trump trade war.
Read MoreIron ore prices have tumbled again, losing more than 4% on Wednesday and yet investors in Australia were sanguine and ignored the slide when a week ago they were selling off the shares of the big miners with alacrity.
Read MoreBeijing again pegged its currency higher than expected, and this time Wall Street paid attention. Dow up 371.
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