Dovish RBA Talk Eases Investors’ Troubled Minds
The ASX bounced yesterday after Reserve Bank governor Philip Lowe hinted that future interest rate rises from the central bank will be smaller and slower in coming.
Read MoreThe ASX bounced yesterday after Reserve Bank governor Philip Lowe hinted that future interest rate rises from the central bank will be smaller and slower in coming.
Read MoreOn the face of it a solid start to its 2022-23 financial year for Metcash, the country’s third-largest supermarkets, liquor and hardware chain operator, despite numerous challenges.
Read MoreHastings Technology Metals shook the day traders out of its share register yesterday with a $110 million raising that will go towards developing its Yangibana rare earths project in WA.
Read MoreAt last some good news for United Malt Group, which yesterday revealed a more accommodating approach from its banks and a solid improvement in harvest conditions.
Read MoreChina’s trade performance weakened dramatically in August with growth in imports and exports slowing more sharply than forecast, catching the markets by surprise.
Read MoreAustralian consumer resilience, along with a weak dollar and record prices for key commodities helped push economic growth to a very sold 3.6% jump in FY2021-22.
Read MoreAmerican markets came back from the Labor Day long weekend all eager and promptly resumed their week-long tank.
Read MorePlenty of bad stuff going on, but it has been an exceptional FY2021-22 for Australia trade-wise and the June quarter showed no signs of a slowdown with a bunch of records.
Read MoreWoodside has signed on with US-based Commonwealth LNG to source product it will now sell to German utility Uniper, formerly Europe’s biggest buyer of Russian gas.
Read MoreWe have suddenly become pretty blasé and ho-hum about a half a per cent boost to the RBA cash rate if the reaction from markets to yesterday’s increase is any guide.
Read MoreIndependent directors in Turquoise Hill have voted to approve Rio’s offer, putting the deal on track to be completed later this year despite one shareholder’s objections.
Read MoreAny relief for consumers from the 25% fall in global oil prices since June was punctured by the OPEC+ decision on Monday to cut production by 100,000 barrels a day to bolster prices.
Read MoreThe global mining industry can breathe more easily for the time being after Chile decisively rejected a new constitution that a majority of voters had decided was too radical.
Read MoreA major upgrade of the already rich Bowdens prospect in NSW now looks on the cards after Silver Mines Ltd revealed a significant new discovery in an ASX filing on Monday.
Read MoreRather than write about the gains electric vehicles continue to make in the Chinese, European and US car markets, a story about what happened in the Aussie market in August.
Read MoreMore focus on Warren Buffett after his Berkshire Hathaway revealed the second surprise sale of shares in China’s most successful electric vehicle company, former battery maker BYD.
Read MoreCredit ratings agency Moody’s has cut its 12-month price outlook for key mining commodities, blaming the global economic slowdown and softening demand, especially from China and Europe.
Read MoreA holiday Monday will help take the pressure off American investors after last week’s conclusive end to the midsummer rebound but for Australian investors it will mean a quiet start to the week.
Read MoreIt’s just not the RBA armed and ready to fire another shot at the still strong economy this week – the ECB also has the chance to take aim and pop off either a 0.50% or even 0.75% increase.
Read MoreCrunch week for the Australian economy on Tuesday and Wednesday as we leave the fantasy world of last week’s jobs and skills summit behind us and return to the reality of rising rates.
Read MoreTwo major records in Australia’s mineral exploration data for the June quarter and 2021-22 financial year confirm that the resources boom in this country shows no sign of slowing.
Read MoreWas Warren Buffett’s small sale of BYD shares this week step one in a significant realignment of a multi-billion dollar holding in one of his most closely watched investments?
Read MoreWe now have a better understanding of why the Commonwealth Bank slashed the value of its stake in Swedish BNPL company Klarna, whose value has lost nearly $US40bn since mid-2021.
Read MoreIn an undeniable paradox, the cheapness of its carbon-based energy is making America, the world’s most profligate carbon user, an increasingly attractive place to develop renewable energy sources.
Read MoreWestpac has edged closer to being back in the regulatory good books after APRA announced Thursday the removal of a liquidity add-on it had imposed for breaching prudential standards.
Read MoreA collection of ‘downs’ from the start- and end-of-month housing and construction data this week shows the Australian property sector is well and truly in a deep slump.
Read MoreRio Tinto and its Canadian subsidiary Turquoise Hill Resources have finally agreed to a new mop-up offer that will give Rio direct ownership of the huge Oyu Tolgoi project in Mongolia.
Read MoreEarnings reports from a few fashion and beauty sector stragglers yesterday: Adore, Michael Hill and Lovisa, with the latter delivering one of the season’s best results from the retail space.
Read MoreContrasting results from two small industrials involved in the resources sector – one a loss on a contract; the other, a solid profit after a big takeover nearly two years ago.
Read MoreChina’s economy continues to stutter thanks to a combination of renewed Covid infections, tightened mobility restrictions and power rationing due to the worst heatwaves in decades.
Read MoreUnlike rival JB Hi-Fi earlier this month, Harvey Norman revealed on the final day of the reporting season that it had suffered a small dip in sales and earnings for the year to June 30.
Read MoreWhile higher production and prices and a tight hold on costs helped Australian-based African gold miner Perseus Mining to a solid result, St Barbara Mines delivered yet another loss.
Read MoreAs far as the ASX is concerned, the real issue from Tuesday’s global market slide wasn’t the fall itself or the data that triggered it, but rather the bath taken by commodity prices.
Read MoreFor a company reporting its fourth record result in a row, IGO was pretty circumspect as far as rewarding shareholders goes – leaving its full-year payout unchanged at 10 cents per share.
Read MoreIf there was a given yesterday, it was that Bubs Australia was going to deliver a big revenue jump. And, thanks mainly to its deal with the US government, Bubs didn’t let us down.
Read MoreAs expected, Woodside Energy has reported a five-fold increase in net profit for the six months to June 30 and boosted dividend payout to shareholders to record levels as a result.
Read MoreLittle room for error in the markets at the moment, as Sandfire Resources found out despite record sales and positive news regarding its Matheo Copper Project in Botswana.
Read MoreIn stark contrast to the strong July retail sales, building approvals last month slumped 17.2% as the bloom faded almost completely from apartments, home units and flats.
Read MoreSantos has taken advantage of the wave of cash floating around the energy sector to refinance its debt to the point where it won’t have a loan maturing for the next five years.
Read MoreAustralian shoppers were not put off by rising interest rates and prices in July as retail sales rose a solid 1.3% from June – a strong indication they are ignoring a lot of the gloom and doom.
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