China Shares Ride A Roller Coaster
So has the Chinese market calmed down and taken a deep breath after the second day in a row of strong gains?
Read MoreSo has the Chinese market calmed down and taken a deep breath after the second day in a row of strong gains?
Read MoreFlight Centre shares sold off heavily yesterday after a weak trading update at the annual meeting yesterday.
Read MoreWhile Flight Centre battles to get its Australian leisure travel business back on track and lift profit, one of its major clients – Virgin Australia is doing well, and now expecting a sharp improvement in earnings.
Read MoreLast week’s economic data dump shows that China’s huge economy is running in low gear and even as imports and exports continue at high levels. Domestic activity is starting to feel the weigh of weakening investment and the emerging distortions from the Trump tariff/trade war.
Read MoreVery quietly shareholders in Australia’s second largest LIC stand to share in an $A100 million bonanza, all thanks to the Murdoch males and their decision to sell to Disney and split Fox.
Read MoreEngineering giant Worley Parsons will double in size after buying Jacobs Engineering Group’s energy, chemicals, and resources division for a cash and debt-free enterprise value (including debt) of $US3.3 billion ($4.6 billion).
Read MoreNot even Brent temporarily pushing back above $US80 a barrel or worries about potential US-Saudi tensions was enough to erase the earlier weakness in oil markets.
Read MoreThe first peak week of the US third-quarter earnings season starts tonight with 160 S&P 500 companies due to report lead by tech giants Amazon and Alphabet.
Read MoreIn Australia the noise this week will come from the political sphere, over in the US 160 S&P 500 companies are due to report while first reading of Q3 GDP data is due on Friday night our time.
Read MoreFor the first time in four weeks financials did well last, AMP also stormed 6.2% higher while the big loser for the week was discount retailer, The Reject Shop which fell more than 45%.
Read MoreThe S&P 500 & Dow each snapped a three-week losing streak, Eurozone shares were up 0.3%, Australian added 0.7%, Japanese shares down 0.7% & Chinese shares down 1.1%.
Read MoreWhile the Chinese stockmarkets notched up their strongest daily gains since early August on Friday, it was a one day wonder and couldn’t help them to erase the losses of another week of miserable trading.
Read MoreChina’s third-quarter GDP and key September economic data will be released later today (Friday) as the country’s share markets sell off sharply.
Read MoreAfter a long and intense tussle, Canada’s Oxford Properties has won the multi-billion dollar battle for control of Investa Office Fund (IOF).
Read MoreAustralian Pharmaceutical Industries has been warning of a weak performance in the year to September for the company and it duly delivered on that promise with an 8% fall in after-tax earnings.
Read MoreThe unemployment rate fell to new six-year lows in September as the jobs boom continued its slowdown.
Read MoreSouth32 might be looking at a handy rise in first-half earnings, judging by some of the figures in its first-quarter production report released yesterday.
Read MoreSolid Q3 production reports from energy majors Woodside and Santos show them catching the recent oil price surge with higher production and sales.
Read MoreThe recent sell-off in global markets has seen a dramatic shift in sentiment among big fund managers, especially towards the US stock market.
Read MoreCSL shares ended up 2.4% in yesterday’s general rally after CEO, Paul Perreault reaffirmed to the company’s AGM that the company was sticking to previous guidance for a 10-14% increase in annual net profit in 2018-19.
Read MoreExcept for copper, BHP has made a solid start to its 2018-19 financial year with first-quarter iron ore production (its most important commodity) rising 8% on strong Chinese demand for high-grade ore which has helped drive the price of ore over $US70 a tonne tor the first time in six months.
Read MoreDiscount retailer, The Reject Shop saw its shares hammered cruelly yesterday after it sprang a trading and profit downgrade on the market so early in the first half the current financial year.
Read MoreAll being well, Wall Street should open solidly overnight Wednesday after Netflix shares soared in after-hours trading on Tuesday after it signed up 40% more subscribers than forecast in the three months to September and quarterly revenue hit a new high.
Read MoreRio Tinto has maintained its target to ship at the upper end of the guidance range of 330 to 340 million tonnes for the 2018 year to December 31, despite reporting a 5% slide in exports for the three months to September.
Read MoreThe National Australia Bank has joined the chorus line of banks revealing extra costs from the Hayne royal commission’s proceedings this year for customer refunds.
Read MoreTwo bits of interesting news in updates from the gold sector – WA explorer, Dacian Gold thinks it has a goer in its Cameron Well discovery at its Mt Morgans gold mine near Laverton, and Northern Star Resources has upgraded the size and quality of the gold reserves at the Pogo mine in Alaska it bought a couple of months ago.
Read MoreEmeco Holdings shares rose nicely yesterday after the company’s notice of annual meeting revealed a plan for a one for 10 consolidation of shares to improve their marketability.
Read MoreMore evidence that parts of the Chinese economy are slowing as sluggish demand takes hold with producer price inflation posting the slowest rise in five months in September.
Read MoreAs expected the Little Shop toy giveaway boosted Coles Supermarkets in the first quarter in what will be its last update owned by Wesfarmers.
Read MoreChina’s once rapidly growing new car market has slowed sharply in the past few months and sales are now falling as the sluggishness in the world’s second-biggest economy undermines demand in the sector hard.
Read MoreShares in listed jeweller, Michael Hill International slumped 27.4% to 66 cents on Monday after investors caught up with a late trading update delivered late on Friday.
Read MoreThe fall out from last Friday’s trading updates from Nine Entertainment and Fairfax Media ahead of the release of the documentation for their planned takeover deal continued to batter the media sector yesterday on the ASX.
Read MoreNew Zealand’s struggling building and construction giant, Fletcher Building has abandoned its bid for Steel & Tube Holdings after its sweetened offer was rejected.
Read MoreDare we say that the long-running $3.4 billion battle for control of the listed Investa Office Fund could be about to be decided in favour of the Canadian stalker?
Read MoreIn Australia, Federal Parliament returns this week with a likely agreement on cutting company tax for small businesses expected. But the Wentworth by-election on Saturday is the major event in this country this week.
Read MoreA misleading end to futures trading on the ASX 200 overnight Friday with a fall of 51 points indicated for the start of trading today.
Read MoreIt was a late bounce that pushed Wall Street higher on Friday afternoon, but the question for investors around the world is whether it is sustainable, or of the dead feline variety which if it is, means there’s another slide around the corner.
Read MoreUS third-quarter earnings season has got off to a solid start with Delta Airlines and mega banks, JPMorgan, Citigroup and Wells Fargo all reporting solid quarterly profits in the first week of the third quarter reporting season.
Read MoreMetal prices, on the whole, were stronger last week despite the surge in interest rates at the start of the week and then the fall and the sell-off in equities.
Read MoreNo sign of any impact on the Trump trade war or the slowing economy on the performance of China’s major imports in September.
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