Inflation Sputters Along On Petrol Prices
Nothing in the inflation data for the three months to June that would cause the Reserve Bank to change its approach to monetary policy.
Read MoreNothing in the inflation data for the three months to June that would cause the Reserve Bank to change its approach to monetary policy.
Read MoreShares in cement manufacturer Adelaide Brighton took another hammering yesterday after it again cut its earnings forecast for 2019 and scrapped its interim dividend.
Read MoreApple has joined Microsoft, Alphabet, and Facebook among the mega techs in doing better in the three months to June than the market had been expecting.
Read MoreAt last a new all-time high for the ASX 200 and yet another new high for the All Ords.
Read MoreShares in international design marketplace Redbubble surged 45% yesterday after it revealed it had earned its first full-year operating profit since its 2016 IPO.
Read MoreAfter a bit of a wobble in the March quarter, Northern Star Resource’s Pogo purchase in Alaska paid off in the three months to June, helping push group gold sales for 2018-19 to record levels.
Read MoreShares in mining services group Swick Mining jumped nearly 4% as the company revealed a solid 2018-19 result and expectations of a repeat in the coming 2019-20 financial year.
Read MoreClose enough, but not the big brass ring, again. The ASX 200 fell just short of a new record on Monday afternoon for the third time in less than a week – this time it was the closest.
Read MoreCredit Corp has undershot market expectations for FY19 and provided a less than convincing outlook for the current year as record low-interest rates reduce the financial pain for consumers.
Read MoreShares in auto-parts and water-pump maker GUD Holdings fell another 4% yesterday on top of Friday’s near 5% slide in the wake of what was a fairly weak 2018-19 result and an equally unconvincing outlook for the new financial year.
Read MoreA soft and steady start to ASX trading is expected later this morning after Wall Street ended Friday with gains ahead of the expected rate cut from the US Federal Reserve early this coming Thursday, Sydney time.
Read MoreUS shares rose 1.7% last week, Eurozone shares added 1.3%, Japanese shares rose 0.9% and Chinese shares were up 1.3%. While Australian shares slipped on Friday, they rose 1.4% through the week.
Read MoreSo where are all the ‘experts’ on iron prices today in the wake of the way global prices recovered from last week’s mini-tremble.
Read MoreThe quarterly report of Apple will dominate the coming week of US June quarter earnings reports.
Read MoreThe June quarter and 2018-19 inflation outcomes will be out this week and with the RBA already making very clear that further rate cuts are on the cards, the data will confirm that inflation remains too low for the central bank.
Read MoreIn fact, the week will be one of those when a mixture of timing – the last and first days of respective months – reporting seasons here and offshore, central bank meetings, important economic data and key meetings on Trump’s trade war – will produce a veritable cascade of sentiment-changing news all week.
Read MoreFortescue Metals Group is in line to report a huge profit for the year to June 30, judging by its performance in the final three months of the 2018-19 financial year.
Read MoreGrainCorp wants to sell its terminals business (which stores and handles vegetable oils and similar products) to ANZ Terminals, a competitor for $350 million, including debt. In a statement yesterday the ACCC revealed it had raised preliminary concerns about the deal.
Read MoreThe creation of the country’s biggest car dealer remains on track after the bidder, AP Eagers, agreed to sell some assets to allow the bid for Automotive Holdings to proceed.
Read MoreMacquarie Group has stuck to its profit 2019-20 guidance, confirming its May advice that it still sees the March 31, 2020, full-year result “slightly down” on 2018-19.
Read MoreRio Tinto will boost its stake in its Energy Resources of Australia (ERA) to help the company fund the cleanup of the Ranger uranium mine in the Northern Territory.
Read MoreThe ASX 200, the key benchmark for Australian investors has again shied away from its all-time high but the broader All Ordinaries jumped to a new all-time level yesterday.
Read MoreFacebook has revealed another quarter of strong revenue growth, Tesla shares, on the other hand, have plummeted in late trading after the electric-car maker posted a worse-than-expected loss and backtracked from a forecast for a return to profit.
Read MoreNot quite there, but close for the ASX 200 while the All Ords managed to rescale that distant 2007 peak. It’s the pre-GFC all-time high for the ASX’s major markers – the All Ords and the ASX 200.
Read MoreThe banking regulator APRA has given three major banks, including the high profile Macquarie a whack by threatening to impose tougher funding rules on them after a review found that the trio misstated the stability of their funding that could have seen them forced to the brink of collapse in the events of another GFC-like event.
Read MoreStandby for some nervous times ahead in the stock market after the US Justice Department revealed a sweeping inquiry into the market power of big techs.
Read MoreThe global iron ore market could be short by around 30 million tonnes a year from 2020 and gradually improving by 2021-2022 as Vale, the big Brazilian miner, battles to recover from the January tailings dam disaster.
Read MoreInvestors got a little excited yesterday after online retailer Kogan reported a solid operating performance in the June half-year.
Read MoreOZ Minerals is moving closer to meeting its deadline for first output from the billion-dollar-plus Carrapateena copper-gold mine in South Australia by the end of this year.
Read MoreIs it a farewell from Aveo to Canadian investment giant, Brookfield? Nope, it seems the ASX listed aged care operator and Brookfield are moving closer to completing a deal first revealed in a statement issued on July 4.
Read More2018-19 was a one-off record for Australian Foundation Investment Company, the country’s biggest LIC and for that, it can thank the ALP’s election policy that threatened franked dividend credits for non or low taxpaying investors.
Read MoreGold miner St Barbara says it has completed the $780 million purchase of Canadian group Atlantic Gold Corporation after shareholder approvals were given last week.
Read MoreThe ASX 200 Index closed the week 3.8 points, or 0.06%, higher at 6700.3 while the broader All Ordinaries eased 2.6 points to 6786.2. Gold miners did well last week as the price of the precious metal hit a six-year high.
Read MoreWall Street fell on Friday, losing earlier gains on reports that the US Federal Reserve won’t cut rates by half a percent as so many investors reckon it will.
Read MoreCommodities generally had a good week with most ending trading on Friday higher – but not oil, even though there was a spurt on Friday over the latest uptick in tensions in the Middle East.
Read MoreThe big mega techs will dominate this week in the US reporting season and while investors refused to look beyond Netflix after the streaming giant reported a surprise dip in US subscriber numbers and the lowest growth in new paying customers for three years, a stumble by one or more of this week’s reporting groups could knock the market sideways.
Read MoreIn comments all investors should note, the CEO of one of the country’s biggest listed investment companies has warned that his group is not upbeat on prospects for the 2019-20 financial year, with bank earnings a special concern.
Read MoreInvestors will learn tomorrow night, Sydney time who the new British prime minister is – it is expected to be Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum. He is widely believed to have won the vote of Conservative Party members in the six-week-long campaign to become the UK’s new leader.
Read MoreNetflix has shocked with its worst fall in quarterly new subscriber numbers with an unexpected and significant shortfall on its own forecasts for the June quarter.
Read MoreBoeing Co shares rose 2% in after-hours trading on Thursday in the wake of the airline maker revealing the 737 MAX groundings across the world will cost it $US5.6 billion (A8 billion) in the second quarter, with as yet unquantified billions of dollars in lower profits on the airline in coming years.
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