The Week Ahead
On the face of it the coming week seems a bit light on for major statistical releases around the world, or major decisions from central banks or news from leading companies.
Read MoreOn the face of it the coming week seems a bit light on for major statistical releases around the world, or major decisions from central banks or news from leading companies.
Read MoreWe all moan about ‘the banks’ – in reality the CBA, Westpac, ANZ and NAB. But But most Australians have, one way or another, a stake in their super profits.
Read MoreSomehow it has come as a bit of a surprise for a lot of commentators and others to learn from yesterday’s jobs and unemployment data, that the economy is not creating many jobs.
Read MoreOn the eve of Twitter listing on the New York Stock Exchange overnight, we have a timely warning on some of the hype in big tech from America’s main securities regulator.
Read MoreThe market in Ausdrill (ASL) shares wasn’t pretty yesterday – in fact it would be correct to describe it as rather battered – down more than 28% at the close, after an earnings guidance update that was worse than even the most pessimistic pessimists have figured.
Read MoreIs Rupert Murdoch eyeing another attempt to takeover UK satellite TV giant, BSkyB, despite abandoning the previous attempt after the News of the World scandal in July 2011?
Read MoreFor all those investors worried about the sustainability of the current bull run in banks at these very high share prices (and whether the banks remain good value), the first quarter trading update from the Commonwealth Bank (CBA) provides more fodder for their concerns, but also a solid amount of re-assurance.
Read MoreIt’s no wonder shares in Homeloans Ltd (HOM) are close to their all time highs at the moment.
Read MoreA heads up from the mining services sector – there seems to be a new spate of downgrades about to appear on the radar.
Read MoreYet another attempt yesterday from the Reserve Bank Governor, Glenn Stevens to talk the dollar lower, and the market reaction was the same – down it went, for a while, but not by much.
Read MoreA thumbs down from the market for the full year profit, higher dividend and special payment from Westpac (WBC).
Read MoreDoes history repeat itself? Just ask Coca Cola Amatil (CCL). For the second time since August the company has revealed an earnings guidance downgrade, and yet investors haven’t really sold off the shares, despite another fall in the wake of the latest cut.
Read MoreNo rate cuts today and unless there’s a significant worsening in the economy, or an external shock in the next few months, it increasingly looks like we have seen an end to the Reserve Bank’s easing policy.
Read MoreInterest rate decisions in Australia, the eurozone and the UK loom this week, along with jobs and unemployment data in Australia and the US, plus the usual scattering of early monthly data from a number of leading economies.
Read MoreDespite the easy money from the Fed’s huge quantitative easing spending, commodity markets are taking a battering, unlike equities. And doing much of the damage are the enormous pressures flowing from the US oil industry.
Read MoreAnother solid end for markets around the world with shares particularly solid, although most had gains of less than 1% for the week.
Read MoreIt was a standard first quarter sales update from major retailer Woolworths (WOW) without a concern for investors, judging by the reaction in the share price.
Read MoreShares in Flight Centre (FLT) eased yesterday, despite an upbeat outlook given at the AGM in Brisbane.
Read MoreUnlike the reaction to the ANZ profit earlier this week, investors failed to give a positive welcome to the full year results from NAB, with shares in the bank falling close to 4% at one stage yesterday after it revealed a 9% rise in cash earnings and a higher dividend.
Read MoreBecause October is the month of so many unfortunate ‘black’ anniversaries – October 1929 and 1987 come to mind (the latter when the market fell 25%), the month is usually seen as one where markets underperform, but not in 2013.
Read MoreOur market’s going to start softer this morning for a couple of reasons – the first is the Fed’s decision to continue its $US85 billion of stimulatory spending, the second, and of greater importance, is the media report that suggests that bank regulators have effectively capped dividends and capital management plans for our four big banks.
Read MoreInsurance Australia Group (IAG) is on track to top 2012-13’s solid result, if comments at yesterday’s annual meeting by CEO Mike Wilkins are any indication.
Read MoreA flurry of interest in the shares of wasted waste group Transpacific Industries (TPI) when yesterday’s AGM was told the company is planning to sell its New Zealand operations.
Read MoreConsumer electronics retailer JB Hi-Fi (JBH) provided a little lesson for all those professional gloomsters and moaners about the health of Australian retailing.
Read MoreFor those investors in the property market, a quiet read of remarks yesterday from Reserve Bank Governor Glenn Stevens should be in order because he has identified the central bank’s key concern about what’s happening in property markets.
Read MoreFirst the ANZ tops expectations, will the National Australia Bank follow tomorrow?
Read MoreA weak day for markets in Asia, especially Australia was not followed up in Europe and the US where solid gains and new record highs were the order of the day.
Read MoreAdelaide-based listed investment company Argo Investments (ARG) has joined its bigger rival, the Melbourne-based Australian Foundation Investment Co (AFIC), in cautioning shareholders that the coming year will be a bit tougher and slower than previously realised.
Read MoreBendigo and Adelaide Bank (BEN) shares edged to a five year high yesterday as the company held its 2013 AGM and the shares of bigger competitors such as the Commonwealth, ANZ and Westpac hit all time highs.
Read MoreThe current bull run in the market, led by bank shares, will be tested this morning by the ANZ full year result.
Read MoreAnother solid end to the week for most markets around the world with new highs or near highs being reached.
Read MoreFor Australian investors, the coming week will be dominated by Australian banks with three of the biggest reporting. Offshore there’s the US Federal Reserve meeting mid-week and then late in the week, the start of the usual monthly updates on the health of manufacturing in the world’s major economies.
Read MoreThe AMP’s second earnings warning so far in 2013 on Friday has revealed that the deal two years ago to buy the local operation of AXA, has helped destroy over $1.5 billion in value, with more at stake.
Read MoreMarkets in Europe and the US joined Australia overnight in pushing higher, shrugging off fears about China after the early estimate for the Chinese manufacturing sector’s October performance came in stronger than expected.
Read MoreSilly short term investors wasted a fair bit of money selling Wesfarmers (WES) shares in the wake of what some optimistic analysts claimed were disappointing figures in yesterday’s quarterly update.
Read MoreShares in Pacific Brands (PBG) took a pounding yesterday after the company’s annual meeting heard a profit downgrade from CEO John Pollaers.
Read MoreIs this a sign of that urban story that Australia is now a high cost country with a high value currency?
Read MoreIgnore the claims of our new Federal Treasurer yesterday about how the carbon tax has boosted inflation since being introduced in his commentary on the 1.2% quarter on quarter rise in consumer price inflation in the three months to September.
Read MoreShares in Super Cheap Retail Group (SUL) dipped nearly 3% yesterday despite an upbeat outlook at the company’s AGM.
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