Peak Oil Not On The Radar Of Bullish IEA
There’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years.
Read MoreThere’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years.
Read MoreGold miner Newcrest Mining says it will finance the $1.1 billion purchase of a major new investment in Canada from its own internal resources and banks – a move that should win it the thumbs up from shareholders wary about being asked to help finance big deals by mining companies.
Read MoreSearch and language data services company Appen is raising $300 million from big shareholders to finance the acquisition of San Francisco-based machine learning technology company Figure Eight.
Read MoreShares in major ASX listed oil and gas groups were sold off yesterday after Norway’s huge sovereign wealth fund decided to sell billions of dollars of shares in energy groups.
Read MoreNot the best of weeks for global markets with most major bourses clocking up losses, except for Australia.
Read MoreThe ASX 200 Index rose 11 points, or 0.2%, to 6,203.8 last week while the All Ordinaries added 13.3 points, or 0.2%, at 6,287.1.
CSL led the market rise with a gain for the week of 1.9% to end at $199.41.
On the face of it, China’s trade figures for February were terrible – but don’t believe the hype because it wasn’t as bad as first thought.
Read MoreComex gold futures rose by 1% on Friday for a slight gain for the week, boosted by losses in global stock markets on the heels of weak Chinese trade figures and US jobs data.
Read MoreOil futures closed lower on Friday in the wake of the weak February US employment report and trade data from China.
Read MoreBrexit dominates the week ahead with several key votes likely to happen in London from tomorrow onwards, with a real sense of doom and gloom now gripping the country about the March 29 exit.
Read MoreChina’s inflation readings for February at the weekend did nothing to quell the idea that the economy is trundling along in low gear.
Read MoreAustralia recorded its second largest trade surplus in history in January thanks to surging prices of copper, gold exports plus solid prices for LNG, iron ore and resilient prices for some types of coal, plus alumina.
Read MoreOZ Minerals could spend a billion dollars or more on its huge Carrapateena underground copper-gold mine in South Australia as the miner continues to explore a potential block cave approach.
Read MoreBrisbane-based Super Retail Group’s new CEO, Anthony Heraghty has made his first senior appointment since taking the top job earlier this month, choosing to back experience.
Read MoreRetailers suffered another bleak month in January, with a weak start for 2019 after the surprise slide in Christmas sales.
Read MoreThe National Australia has named former Westpac and ANZ executive, Phil Cronican as its new chair, to replace Ken Henry who leaves shortly.
Read MoreJust to make it clear there won’t be an interest rate rise in Australia this year and probably most if not all of 2020 as well – especially not after the second weak quarter of economic growth in a row.
Read MoreNo dividend from Myer, the struggling department store chain as it returned to the black in the six months to January, but the shares rose strongly yesterday.
Read MoreIs the $2 billion private equity offer from KKR for accounting software business MYOB Group about to fall over?
Read MoreToday’s national accounts for the three months to December are not expected to be brilliant. In fact, at best they could be between 0.2 percentage points to 0.4 – while some pessimists believe the reading could be a negative 0.1 because of the weakness in household income.
Read MoreThe Chinese leadership has lowered economic growth targets to a range of 6.0% to 6.5% while at the same time revealing plans for tax cuts and other stimulatory moves.
Read MoreNo change in rates from the Reserve Bank yesterday, now for what’s expected to be a weak GDP figure from the December quarter national accounts to be released later this morning.
Read MoreUnless there’s a dramatic change of heart among the major player’s or a sharp change in stock market conditions, the proposed $US18 billion ’merger of equals’ takeover of Newmont Mining by Barrick Gold won’t happen.
Read MoreOn a seasonally adjusted basis building approvals started 2019 in January with a small fall but on a trend basis (which is designed to smooth out seasonal adjustment fluctuations) approvals fell 3.2% in January to hit their lowest since 2013.
Read MoreVale management is in turmoil after the CEO of the world’s biggest iron ore miner stepped aside following pressure from Brazilian authorities over the Minas Gerais dam collapse.
Read MoreAMP shares hardly moved yesterday in the wake of Standard & Poor’s cutting the credit rating of the wealth manager for the second time since last August and warned there is a further cut to come that will see the embattled giant lose its A rating.
Read MoreThe Australian gold mining industry has finally lifted output by enough to break a 21-year annual record.
Read MoreThe ASX hit a new 6-month high yesterday, but unfortunately for laggard Australia, the Kiwi market hit a record high during trading yesterday.
Read MoreGold futures had their worst day since last August with a very sharp fall on Comex in New York to below the $US1,300 an ounce level.
Read MoreMost analysts say the December season wasn’t brilliant (except for the spate of buybacks and higher dividends from the likes of BHP and Rio Tinto) but was a bit a better than feared. However, it showed a slowdown for companies exposed to the domestic economy and caution regarding the outlook.
Read MoreApart from the Reserve Bank board meeting and a slow of figures starting with the December quarter growth figures in Australia, the February jobs report from the US is the most important event this week for markets outside Australia – unless Donald Trump and China resolve the trade war, or decide to prolong the pain through disagreement.
Read MoreChinese shares have surged again after the global index provider, MSCI lifted the number of Chinese companies that would be included in its key emerging markets index.
Read MoreThe US-China trade war, US economic data, the trade war talks between the Trump administration and China and data from that country late in the week will make for a mixed week in the US.
Read MoreThe ASX is looking at a moderate rise of around 18 points at the start of trading later this morning after the Friday night session on the futures market.
Read MoreConflicting messages from the US oil industry ought to make investors sit up and take notice as the number of rigs in use falls sharply this year.
Read MoreThe coming week is one of the big weeks of the year for the Australian economy – the first week of March, June, September, and December is when the monthly meeting of the Reserve Bank board, the national accounts for the preceding quarter and start of month economic data such as retail sales, building approvals and trade are released.
Read MoreIt’s only been a month since Hayne’s final report has been released, but far from driving a stake through the financial hearts of the Big Four Banks – Commonwealth, Westpac, ANZ and NAB – their position is returning to being as dominant as ever.
Read MoreDid we see the Wall Street surge of 2019 run out of steam this week? The S&P 500, on the final day of February, chalked up its longest losing streak of the year so far of three sessions.
Read MoreRetail Food Group’s financial positioned has worsened to the point where it continues trading only with the forbearance of its banks.
Read MoreThe major miners led the way in February after solid interim or full-year financial results, the big banks shook off the Hayne Royal Commission blues, while Blackmores plunged 27.7% and then lost its CEO.
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