A week packed with economic data and corporate reports
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Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreWarren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreAt the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders and analysts.
Read MoreChina maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon.
Read MoreOn Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs of weak consumer support for price rises and weakening sales volumes (or slowing ticket sales in the case of Delta).
Read MoreThere’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourses, driving momentum and turning the heads of investors large and small away from prudence and the growing list of warnings.
Read MoreGold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly firmer than expected.
Read MoreBoom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures market ended strongly early Saturday (Australian time).
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreAfter two years of significant price rises and few apologies, US consumers are starting to get their revenge on corporate America, even as price pressures ease.
Read MoreChinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.
Read MoreWinston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector.
Read MoreA multi-day rally for the S&P 500 came to an end after cooler-than-expected inflation data for June pushed traders to bet on more interest rate cuts this year.
Read MoreWall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session.
Read MoreContainer shipping and the web of global transport services linked to it are entering the usual peak season for demand, but this year's scenario planning includes many questions about supply.
Read MoreBP has increased its forecasts for oil and gas demand, signaling a slowdown in the transition to clean energy. In its annual outlook, the oil major highlighted that renewable power sources like wind and solar are not expanding quickly enough to meet the growing global energy demand.
Read MoreThe competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false or misleading representations about their store credit and ‘StoreCash’ promotions, and failing to provide store credit to eligible consumers, in breach of the Australian Consumer Law.
Read MoreIn the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value rose nearly 1.5% to around $US3.47 trillion.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar.
Read MoreThe June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real traction with consumers and depressed sectors of the economy.
Read MoreFund Manager Chris Pedersen discusses Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings.
Read MoreChina’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in line with forecasts, data from the National Bureau of Statistics showed on Wednesday.
Read MoreThe Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming.
Read MoreDuring the second quarter of this year, short sellers capitalized on their strategy of betting against stocks, amassing a substantial $10 billion in paper profits despite the broader market's upward trajectory.
Read MoreThe Salar de Atacama in Chile contains some of the world's highest known concentrations of lithium and potassium.
Read MoreChina's rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion) vehicles.
Read MoreWhile Fed Chair Jay Powell wouldn't get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress on Tuesday, he did send a hint or three to keep watching the central bank because something could be brewing.
Read MoreNow, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Bank survey for June, business conditions fell (no surprise), but business confidence jumped to 18-month highs (a big surprise).
Read MoreApple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company.
Read MoreCanada has again tightened rules, making it even harder to take over the country’s remaining big miners.
Read MoreFor the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country to re-enter after prices fell $100 USD per ounce from all-time highs in May.
Read MoreCoal industry traders ended the week moving away from coking coal, despite the enthusiasm on the ASX for coal stocks following the huge fire at Anglo America's Grosvenor underground metallurgical mine in Queensland's Bowen Basin.
Read MoreThe ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in the US dollar and Treasury bond yields following the release of weaker June jobs figures.
Read MoreGold prices jumped on Friday as the US dollar and US bond yields fell in the wake of the weakest jobs report in several months.
Read MoreUS crude prices eased off a seven-week high at Friday’s close, despite robust summer demand.
Read MoreIron ore prices slipped late last week from three-month highs on Thursday but still finished the first week of the new financial year with a small gain.
Read MoreUS inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing.
Read MoreDr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events.
Read MoreEven though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.
Read MoreIn the past week, disruptions at two significant coal mines have fuelled concerns about a shortage of supply just as demand for the commodity surges, triggering a rally in ASX-listed mining stocks.
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