Diary: Fed Minutes, China Checkup
The Fed Reserve in the US and the Chinese economy will be major areas of interest for markets and investors this week.
Read MoreThe Fed Reserve in the US and the Chinese economy will be major areas of interest for markets and investors this week.
Read MoreA sudden weakening in global iron ore prices now sees the commodity on the verge of a correction after China’s iron and steel lobby started whining about the impact of the sharp run-up in prices.
Read MoreWhile oil futures climbed Friday as tensions in the Middle East continued and offset the impact of a stronger US dollar, the session’s gain wasn’t enough and prices saw their first weekly loss in three weeks.
Read MoreYou can rule out an interest rate cut by the Federal Reserve at the end of this month after the much stronger than expected jobs performance of the US economy in June.
Read MoreIt’s been a rough old week for SpeedCast – there was the profit downgrade on Tuesday and sell off that extended into Wednesday and then yesterday the company was back in favour.
Read MoreMore confirmation that the Australian economy continues to drift towards the edge of a slide with a weak retail sales reading for May and the first fall in job vacancies for over a year.
Read MoreA day after Wall Street hit new highs, the ASX has ended a fresh 11-and-a-half year high on Thursday thanks to a recovery in banking stocks.
Read MoreWall Street rose solidly on Wednesday in a shortened pre-Independence Day session, with each of the major indexes ending at a record high.
Read MoreA record trade surplus for May should be followed by a similar result for this month after successive five year plus highs for iron ore prices this week.
Read MoreInvestors gave a strong thumbs up yesterday to Woolworths plan to lighten its involvement in the contentious liquor and gambling industries.
Read MoreWhile “there’s no quick fix” Vocus CEO Kevin Russell has told investors the telco no one wants may unlock shareholder value by selling assets like its retail brands iPrimus and Dodo.
Read MoreThe slide in house prices slowed in June, now building approvals for May have shown a small sign of slowing on an annual basis. Are we seeing a bottoming out in the weak home building and renovation sector?
Read MoreYet another six-year high for global iron ore with the price of 62% grade ore now up more than 6.7% in the first two days of July and a whopping 74% higher so far in 2019.
Read MoreAfterpay Touch shares jumped yesterday after a board and management shake-up which is aimed at presenting new faces to investors and regulators.
Read MoreFor the second time in 10 months, Speedcast International shares have fallen sharply in the wake of a profit downgrade.
Read MoreVitamins group, Blackmores has found a new CEO. Chairman Brent Wallace yesterday announced that Alastair Symington would be Blackmores’ new CEO from October 1 this year.
Read MoreMore rate cuts are on the cards from the Reserve Bank after the central bank cut its cash rate by 0.25% for the second month in a row.
Read MoreThe RBA’s second 0.25% rate in two months had a predictable impact on bank share prices – down they went, taking the ASX 200 with them.
Read MoreGlobal iron ore prices have continued their 2019 surge jumping to the highest level for more than five years.
Read MoreGlobal oil prices have edged higher after OPEC and its allies “enthusiastically came together” to extend their oil supply cuts until March 2020.
Read MoreThe Reserve Bank monetary policy meeting in Darwin today will have a tiny bit of good news to consider (and ignore) – the slide in house prices again slowed last month with small rises being recorded in Sydney and Melbourne for the first time 21 months.
Read MoreThe impact of the latest iron ore driven resources boom was again underlined by the Reserve Bank’s commodities price index for June, the June quarter and the 2018-19 financial year.
Read MoreSuncorp shares edged higher in yesterday’s generally stronger market (the ASX 200 was up 0.4%) after it released a short statement saying it had received notice of a class action being filed against it involving superannuation commissions paid to financial advisers.
Read MoreThe economic news from major Asian economies – China, Japan, and South Korea – wasn’t encouraging at the start of July, the third quarter and the new financial year (in Australia).
Read MoreFriday’s close capped off the best first half’s trading on the ASX for 28 years. The ASX 200 jumped a massive 17.2% in the six months to last Friday, June 28 to close at 6,618.80.
Read MoreRedemption? Sort of; but the way the share prices of Australian banks rebounded in the June half year was extremely helpful to super funds and self-managed funds and investors generally.
Read MoreThe winner in 2018-19 and so far in 2019 is…iron ore…with a gain of 82% over 2018-19 and the biggest winner amongst the miners continues to be Fortescue Metal.
Read MoreThe possibility of a rate cut from the Reserve Bank tomorrow and the usual start of month data for May on trade, building approvals, and retail sales will hold the attention of local markets at the start of the 2019-20 financial year.
Read MoreA busy week ahead includes key data releases that could steer monetary policy around the globe, dominated by the release Friday night, our time, by the US jobs and unemployment data for June.
Read MoreComex gold futures edged higher on Friday in New York and notched up their biggest monthly percentage gain in three years following a climb to a nearly six-year high earlier in the week.
Read MoreLike the ASX, Wall Street has had a stellar first half of the year which was capped by the strongest June for decades.
Read MoreThe future direction of gold and other commodities and markets will be set this weekend by the outcome of the offstage meeting between President Donald Trump and China’s President Xi at the G20 meeting in Osaka.
Read MoreSonic Healthcare has bailed out of the German healthcare sector by selling its majority stake a German automated laboratory system business for $130 million.
Read MoreCommonwealth Bank shares have hit a new 21-month high of $83 after the bank revealed another deal with another regulator to resolve slack internal processes – this time customer privacy.
Read MoreRare earths group Lynas Corporation has made it even harder for stalkers like Wesfarmers to muscle into the company and take control.
Read MoreRatings group, Standard and Poor’s Global has put the debt of Caltex Australia on credit watch negative in the wake of the company’s surprisingly poor half-year earnings downgrade last week.
Read MoreNo wonder CSR chairman, John Gillam was waxing lyrical about rising electricity and gas costs and the dangers they pose to Australian manufacturing at yesterday’s annual meeting of the building products maker.
Read MoreFletcher Building will use some of the money raised from the sale of its Formica business to run a $NZ300 million buyback once the 2018-19 annual results are released in August.
Read MoreFletcher building is looking at big losses from its Australian operations after a clean out and restructuring.
Read MoreIt seems Australia and NZ central banks are lockstep on monetary policy after the latest statement from across the Tasman.
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