Diary: The Taper Caper Continues
A quiet week ahead starting with the US Labor Day holiday, with the Reserve Bank’s monetary policy decision tomorrow dominating local attention as well as August employment data on Thursday.
Read MoreA quiet week ahead starting with the US Labor Day holiday, with the Reserve Bank’s monetary policy decision tomorrow dominating local attention as well as August employment data on Thursday.
Read MoreFriday’s weak US jobs report saw renewed interest in gold, helped weaken the value of the US dollar and sparked delight among many investors that the free money looks set to continue for a while longer.
Read MoreShortages of workers and computer chips are having a dramatic impact on the US economy – keeping inflation higher while shutting factories and forcing retailers to boost wages.
Read MoreJune quarter data confirms not only that gold is where the mining and resources crowd is heading, but the production figures for the June half further confirm the positive story from the exploration side.
Read MoreWhen you have more cash on your books than the company is worth, as Clearview Wealth does, then something needs to be done – hence the ’strategic review’ announced on Friday by the company.
Read MoreIn the middle of the second and third round of lockdowns across Australia and some of its global markets, Flight Centre has decided that that is a good time to invest in a new business, with potential.
Read MoreThe Australian Bureau of Statistics revealed that Australia’s trade surplus hit a record in July as exports of iron ore, coal and liquefied natural gas all rose strongly. But is that the peak for the near future?
Read MoreUnited Malt Group says its trading in North America and the UK has improved but it will still make a $22 million provision in its full-year result to cover the impact of Covid Delta on consumption, contractors, and customers.
Read MoreIf you had to take commodity markets – iron ore in particular – as a guide, you’d be right in being confused at the conflicting messages being sent of simultaneous boom and bust.
Read MoreABS lending finance data for July showed that borrower refinancing of housing loan commitments between lenders reached an all-time high of $17.2 billion after an adjusted monthly rise of 6.0%.
Read MoreThe OPEC + group agreed to stick to its existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and continuing pressure from the US.
Read MoreFurther evidence that the Chinese economy’s sluggishness is deepening with another monthly survey showing the first contraction since early 2020.
Read MoreAugust saw the commodities boom decisively punctured, according to the RBA’s Commodity Price Index for the month, which registered a 4.6% fall in Australian dollar terms.
Read MoreThe Australian economy grew 0.7% in the three months to June – but that was very old news made very much out of date by the continuing lockdowns in the two biggest states in the country.
Read MoreBHP has reiterated its determination to take over Canadian nickel explorer Noront Resources, despite a mooted higher offer from Fortescue Metals chairman Andrew “Twiggy” Forrest’s Wyloo Metals.
Read MoreWomen’s fashionwear retailer Mosaic Brands and tech / health group Hills Ltd have both been hit hard by Covid, as shown by the weak results and mounting debt levels they announced on Wednesday.
Read MoreAfter seven months of gains, stockmarkets face the task of surviving September and its reputation as the worst month of the year for equities.
Read MoreIGO Limited has more than tripled post-tax profit thanks to the sale of its 30% stake in the Tropicana gold mine to Regis Resources, just one deal in an eventful year for the company.
Read MoreAnother sign that the Chinese economy is struggling as the latest outbreak of Covid hits confidence and drags the economy to its weakest state since the slump in the March quarter of 2020.
Read MoreResimac revealed a 92% jump in profits to $107.6 million for the year to June that, like rival Liberty, was boosted by demand for housing finance and the impact of the HomeBuilder subsidy in April.
Read MoreEconomists now think it less likely the Australian economy dipped into negative growth in the three months to June after the release of current account and government finance data on Tuesday.
Read MoreConsumer products retailer Harvey Norman says it has repaid $6 million in JobKeeper subsidies to the federal government following months of criticism and pressure.
Read MoreTwiggy Forrest’s Wyloo Metals has been forced to more than double its initial offer for Canadian nickel and copper explorer Noront Resources, topping a counter bid from BHP in the process.
Read MoreAffirm shares surged by nearly 50% on Wall Street on Monday after its after-hours deal last Friday to provide buy now pay later services to Amazon in the US.
Read MoreOil prices ended higher Monday but were off their four-week highs as Hurricane Ida weakened and companies started scheduling the re-opening of production and distribution facilities shut ahead of her approach.
Read MoreMonday, August 30 was a day that listed software maker Altium will probably not forget for quite a while, as the company’s shares plunged 14% after an unimpressive earnings report.
Read MoreCrown Resorts’ 2020-21 annual financial release told us nothing we hadn’t already worked out – that the year to June was pretty miserable for the gambling company and so far 2021-22 isn’t much better.
Read MoreLendlease will cut more jobs in a major shake-up of the company’s operations by the new CEO, Tony Lombardo that will also see its Australian property and construction businesses consolidated.
Read MoreSo good was Fortescue Metals’ year that the company almost doubled underlying earnings from the previous period as iron ore prices hit all-time highs in the final quarter of the year to June.
Read MoreBooks, broadband and money are three winners from Covid and its lockdowns among 2020-21’s new floats, as shown by the results of Aussie Broadband, Booktopia and Liberty Financial.
Read MoreAmazon is moving deeper into the BNPL sector with US group Affirm, in what will be the first ever instalment payments option on the world’s biggest and most visited shopping and ecommerce website.
Read MoreAfter a tough month, commodities markets broadly enjoyed their first positive move for some time, with gold, oil and iron ore all heading markedly higher over the past week.
Read MoreIt’s an end of month, start of month week with some important economic data such as the June quarter GDP figures for Australia and August unemployment for the US, among others.
Read MoreThe Australian June half profit reporting season wraps up today and tomorrow, with full year figures from Crown Resorts, Fortescue Metals, Harvey Norman and Freedom Foods leading the way.
Read MoreDespite Wall Street’s solid cheering of Fed Chair Jay Powell’s Jackson Hole speech on Friday, futures traders played it cautious and left a modest 13-point gain on the table when overnight trading ended.
Read MoreThe Australian national accounts and GDP figures are out next Wednesday and the data will be essentially redundant thanks to the worsening Covid delta outbreaks and lockdowns.
Read MorePlenty happening in the iron ore space over the past week, so we thought we’d give you a rundown of all the important bits of news, both locally and from around the world.
Read MoreRetail giant Wesfarmers has joined the list of companies rewarding their shareholders, announcing $2.3 billion in dividends after a solid financial year which saw profits jump 16%.
Read MoreSuddenly there’s a lot of money in rare earth prices, and after promising a lot and delivering little for years, Lynas has proved that solid hard work can end up realising all that potential.
Read MoreOne-time glamour stock a2Milk confirmed on Thursday that it is one of the biggest corporate casualties of the Covid pandemic with a 77% slump in earnings for the year to June.
Read More