Myer Registers Best Sales Figures in Years
Myer has joined the list of retailers that did better than expected in the December half – surprising investors yesterday with its strongest sales figures for years.
Read MoreMyer has joined the list of retailers that did better than expected in the December half – surprising investors yesterday with its strongest sales figures for years.
Read MoreBusiness conditions continue to show signs of the economy slowing but remain on a solid growth pace, according to the first business survey for 2023 from the NAB.
Read MoreAlbemarle has confirmed the fabulous returns from the present boom that some of its mates in the lithium sector hinted at last week in their latest quarterly reports.
Read MoreOn the same day cost concerns caused Ramelius to halt expansion of a gold mine in WA, New Century was talking up bringing an old one in Tasmania back to life.
Read MoreA solid December quarter for South32, which reported quarter on quarter production growth across most of its commodities while the half-yearly performance was a little weaker.
Read MoreWhitehaven Coal probably has six more months of earnings outperformance left before it is brought back to reality by the sliding price of high-quality thermal coal exports.
Read MoreGold rose again last week, putting it up more than 5% for the year so far and nearly 16% in the last three months as the US dollar and US interest rates have tumbled.
Read MoreAustralian inflation and interest rate speculation will dominate markets here in the coming week that will be shortened by the Australia Day holiday on Thursday.
Read MoreRatings group Moody’s was pretty sanguine about the US government hitting its $US31.4 billion debt limit last Thursday and the likely lengthy political brawl to follow.
Read MoreAustralian shares are poised to make a strong start to the week’s trading after notching up their third consecutive weekly gain last week as the 2023 rebound continues.
Read MoreAn eventful 4th quarter and 2022 financial / operating report from Netflix confirmed the streaming giant’s continuing evolution towards an old-style TV media company.
Read MoreJudging by another very strong quarterly report from Pilbara Minerals Friday, there’s no sign of the lithium boom dying, as more than few pundits have been claiming recently.
Read MoreThe first Bank of America survey for 2023 shows global fund managers are very bearish on American equities, even though the wholesale gloom of late 2022 has eased considerably.
Read MoreBHP might be confident about the outlook for steel production (and iron ore exports) in China, but this confidence is misguided at best given the black hole that is the country’s property sector.
Read MoreUnwanted operating problems have forced energy giant Santos to trim its production guidance for the coming year after posting lower-than-expected fourth-quarter revenues.
Read MoreDespite a solid 13% rise in 4Q22, Barrick Gold Corp saw its lowest gold production this millennium, as operational and geopolitical woes curbed output.
Read MoreBHP’s half-yearly report revealed solid production and sales volumes but significantly weaker prices in the six months to December than in the same period of 2021.
Read MoreThe ASX rose and the AUD fell after the 2022 labour data was released Thursday, highlighting the ongoing confusion about the direction of the economy and other indicators.
Read MoreAnother less than inspiring market update on Wednesday from online retailer Redbubble saw its shares sold off for the umpteenth time in the past couple of years.
Read MoreChina has issued its third warning this month against excessive speculation in iron ore, adding it will increase supervision of the country’s spot and futures markets in the commodity.
Read MoreAs all the so-called ‘experts’ continue to insist that the lithium price boom is either dead or dying, it just keeps hanging in there as the strong Allkem result on Wednesday showed.
Read MoreThis week’s two-day Bank of Japan meeting has confounded expectations with the bank maintaining its ultra-low interest rates and loose monetary policy stance.
Read MoreA double whammy for China as the country’s National Bureau of Statistics said GDP grew by just 3% in 2022 and the population declined for the first time in more than half a century.
Read MoreJB HiFi delivered a strong rise in sales and a double-digit jump in half-year profits thanks to strong demand during the Black Friday and Boxing Day promotions.
Read MoreDoubts persist about the $18.4 billion bid for Origin after Tuesday saw bidders Brookfield and EIG Partners granted a third extension to their exclusive due diligence period.
Read MoreDespite production increases across most operations in 2022, Rio Tinto’s earnings for the year to December won’t go anywhere near 2021’s huge $US21.9 billion figure.
Read MoreMixed results for the December half on Monday from two specialist retailers, with Super Retail reporting record sales and Baby Bunting suffering a near 60% slump in earnings.
Read MoreHaving been the focus of plenty of corporate interest last year – including from Westpac – shares in Tyro Payments surged nearly 7% Monday on news of an earnings upgrade.
Read MoreVirgin Australia looks set to return to the ASX with current owner Bain Capital announcing Monday that it is examining a relisting of the country’s second biggest domestic airline.
Read MoreChalice Mining has moved closer to a mining and processing development at its Julimar prospect with the appointment of an experienced mining executive to oversee the project.
Read MoreMarkets will start wondering just how much relief there will be in the Chinese economy re-opening story after the 2022 trade data on Friday produced a surplus of more than $US800m.
Read MoreThis week saw oil markets join copper and other metals in starting 2023 strongly with the China re-opening story running ahead of the reality in Friday’s trade data.
Read MorePlenty of economic and company data for investors to chew over this week but all might be eclipsed by the impending doom of the US debt ceiling being breached.
Read MoreA solid week for markets and conditions seem set up for a continuation this week, though a new US debt limit brawl in Washington could hit confidence later in the week.
Read MoreWedding bells continued to sound across the gold mining industry over the Christmas-New Year break, following on from the trend that emerged earlier in 2022.
Read MoreNo wonder general insurers are facing higher reinsurance costs for 2023 after a report from Munich Re confirmed the Australian floods were one of the most expensive global catastrophes in 2022.
Read MoreChina has reportedly ended its long ban on Australian coal imports by allowing officials in the southern province of Guangdong to clear Australian cargoes aboard ships waiting to unload.
Read MoreGold and other commodity prices are rising primarily on the hope that the slowing inflation and weakening greenback become the trend in 2023, not just a one-off.
Read MoreA drop in the value of energy imports enabled Australia to offset falls in the prices and volumes of key exports like iron, ore, coal and LNG in the month of November.
Read MoreWarren Buffett’s Berkshire Hathaway has announced a further selldown of shares in the world’s biggest electric vehicle maker (and second biggest battery group) BYD.
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