Global Markets Ignore Local Slide
Sell off, what sell off, as futures show a rise after yesterday’s slide.
Read MoreSell off, what sell off, as futures show a rise after yesterday’s slide.
Read MoreWoolworths (WOW) is likely to enjoy releasing its third quarter sales report later this morning.
Read MoreBeach Energy (BPT) keeps rolling a long nicely and remains on track for another very solid year, according to its March quarter production and financial update.
Read MoreNow, unlike events on Wall Street and especially in the tech heavy Nasdaq market, this news from China is a reason to be concerned about valuations in the local market, especially, valuations of iron ore companies such as Fortescue (FMG), and to a lesser extent, the price of BHP Billiton (BHP) shares.
Read MoreWhen Singapore group Wilmar International first revealed in 2012 it had built a stake of 10% and failed in an approach to Goodman Fielder (GFF), the latter’s shares jumped 33% to a high of 69c on the day of the announcement.
Read MoreSlowly the shape of a new set of prudential controls over home lending, are emerging and will soon see the light of day as the country’s key banking regulator, APRA, prepares to issue a new set of rules.
Read MoreSo will this have an impact on investor confidence, or was Wall Street’s swinging day of trading overnight really a short, dead cat bounce seen in an hour to and hour and a half of late trading?
Read MoreInvestors are again being asked to put their faith in the Spotless brand.
Read MoreThe impact from the stellar results from Apple and Facebook didn’t last long – a day at most – on Wall Street with a sell-off on Friday led by the tech-heavy stocks in the Nasdaq and other markets leading the way down.
Read MoreThis week sees a big test of the Australian market’s current bout of confidence on multiple fronts in what will be the first full week of trading in three weeks.
Read MoreDespite the rising tensions in Ukraine and talk of a tougher approach from Russia to gas sales, New York oil futures closed lower on Friday night for the worst week in a month.
Read MoreNow here’s a story you probably won’t read amid all the talk of slowing China and another fall in world iron ore prices – global crude steel production in March jumped to a new all time monthly high of more than 140 million tonnes, up on both March 2013 and February this year.
Read MoreShares in Apple and Facebook jumped in after hours trading this morning after the two tech giants reported better than expected quarterly reports.
Read MoreJust as the chances of an interest rate rise here have receded, New Zealand got its second rate rise in just over a month this morning when the country’s central bank lifted its key rate to 3.0%.
Read MoreSecurities in Australand Property Group (ALZ) and Stockland (SGP) ended barely changed yesterday as the market decided Stockland’s all share $2.4 billion takeover offer was only the first round in what could become a prolonged battle for control of Australand.
Read MoreJB Hi-Fi (JBH) shares fell 16c yesterday, to $20.64, after the electronics retailer said CEO Terry Smart would be retiring in August after 14 years with the company.
Read MoreAnd in a small echo of last week’s update from the embattled McAleese Transport Group, road transport products supplier MaxiTrans yesterday warned of a profit slide of up to 20% for the year to June because of the downturn in activity in the resources sector and the Queensland drought.
Read MoreThe local sharemarket rose to a new six year high, money market interest rates fell, as did the Aussie dollar, which dropped under 93 USc.
Read MoreAs most of Australia basks in mild autumnal weather at the moment, the weather bureau has stiffened its warning of the chances of a major dry period (an El Nino event) occurring later this year.
Read MoreThe plan by Japanese Prime Minister Abe to boost his country’s economy and end deflation is looking increasingly shaky in the wake of another huge annual trade deficit.
Read MoreShares in Australian Pharmaceutical Industries (API) dipped 1.4% in yesterday’s stronger market as investors reassessed last Thursday’s announcement of big write downs in loan assets, but improved trading conditions.
Read MoreOur market is looking for another solid start to trading after its post Easter jump yesterday.
Read MoreLast week’s rebound on Wall Street saw the recent bearishness in Nasdaq stocks, especially biotechs replaced by a renewed bullishness – but for how long?
Read MoreGold continues to face an uncertain outlook, according to the latest survey from Reuters/GFMS, a forecast that goes some way to explaining the thinking behind the attempts by Newmont and Barrick to merge to produce the world’s biggest gold miner in a $US33 billion deal.
Read MoreA very short week in Australia – just three trading days for markets and business and one that will be easily dominated by the release of the March quarter consumer price index tomorrow.
Read MoreBHP Billiton (BHP) and Rio Tinto (RIO) were upbeat about the prospects for their copper businesses this week – forecasting rising production over the rest of 2014 and into 2015.
Read MoreMore good news for our iron ore exporters.
Read MoreThe Aussie dollar jumped after China GDP figures for the March quarter came in slightly ahead of expectations around lunchtime yesterday.
Read MoreShares in McAleese Group (MCS), owner of the troubled Cootes Transport business, were hammered yesterday after it issued its second profit warning in two months.
Read MoreOnce again media and some investment analysts got the results of leading iron ore groups wrong because their estimates were too optimistic, or they have forgotten the way to compare quarterly results.
Read MoreAt Fortescue (FMG), yes the company missed those market estimates (because of the wet weather, a normal seasonal event in the Pilbara) but the tonnage shipped was still a record.
Read MoreA year ago yesterday, gold prices fell 9.3% in their worst ever one day fall.
Read MoreThe Reserve Bank has bewailed the impact of the stubbornly high Australian dollar on economic growth, which is helping make the transition from the mining investment boom much harder than it should be.
Read MoreShares in Coca Cola Amatil (CCL) yesterday staged a mini-recovery, despite ratings agency Standard and Poor’s downgrading the company’s credit rating in the wake of last week’s downgrade of 2014 earnings.
Read MoreNufarm (NUF) has revealed the results of the second prong of its company wide review – an examination of its New Zealand business – with the decision to close its manufacturing facility at Otahuhu in Auckland in New Zealand which will cost 59 jobs.
Read MoreInvestors were strangely neutral about the solid rise in iron ore production and sales from Rio Tinto (RIO) in the three months to March.
Read MoreMore pressure on shares in Coca Cola Amatil (CCL) in yesterday’s widespread sell-off – although the losses were not as horrendous as seen last Friday in the wake of the surprise profit warning and restructuring announcement.
Read MoreWas Monday’s fall one we didn’t have to have?
Read MoreWe can expect losses today from drugs wholesaler and pharmacies operator Australian Pharmaceutical Industries (API) which were placed in a trading halt yesterday ahead of an announcement by the company on the carrying value of its assets.
Read More