Diary: That Was Then, This Is Now
A raft of various factors from corporate earnings to Covid Delta infection rates likely mean another challenging week for markets, which on Friday were in record-setting mode.
Read MoreA raft of various factors from corporate earnings to Covid Delta infection rates likely mean another challenging week for markets, which on Friday were in record-setting mode.
Read MoreWarren Buffett’s investment strategy continues to favour share buybacks over finding new bargains in the rising sharemarket or companies wanting to be sold to the single biggest investor.
Read MoreWe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. So here it is in one handy location. You’re welcome.
Read MoreMany investors have forgotten that it’s a combination of factors behind the record iron ore prices and results for the big miners, and that basically it all comes down to good old economic fundamentals.
Read MoreThree of Australia’s major insurers – IAG, QBE and Suncorp – are due to report next week, and their comments about Covid-related claims will be the key issue, both for investors and the regulator.
Read MoreWhat is the “Cloud”? How important is cybersecurity and what can we learn from the recent hacks on high profile companies like Microsoft? Magellan’s Adrian Lu discusses these topics and more.
Read MoreAs we head further into the Delta-driven lockdowns in place across the country, RBA Governor Philip Lowe says he believes it is “quite unlikely” Australia will suffer a recession this year.
Read MoreA late push saw the ASX 200 hit new record highs as the local market added 27pts or 0.36% to 7,538. The index climbed nearly 2% for the week as technology stocks were the standouts led by Afterpay.
Read MoreThe Australian sharemarket is trading largely unchanged at lunch, with heavy losses from mining stocks being offset from gains elsewhere.
Read MoreBHP reminded us on Friday that its fortunes are still tied to carbon and fossil fuels, announcing two oil related investments worth $US804 million or more than $A1 billion.
Read MoreThe Dow Jones index rose by 272 points or 0.8%. The S&P 500 index gained 0.6% and the Nasdaq index rose by 115 points or 0.8% – both closing at record highs.
Read MoreResolute Mining has finally gotten rid of its troublesome Bibiani mine in Ghana, with the company reporting Thursday it secured a $90 million sale to Canada’s Asante Gold Corporation.
Read MoreA case of deja-vu for furniture retailer Nick Scali yesterday, as the company doubled net profit in the year to June but avoided issuing further guidance because of the ongoing lockdowns.
Read MoreDinesh Kuhadas and Lisa Harrison from Janus Henderson provide a different perspective on REITs, the key themes affecting the sector and how the team view it as an investment opportunity.
Read MoreWhile there was a trio of records for Australia’s trade account in Thursday’s July trade data from the Australian Bureau of Statistics, the continued Sydney lockdown is biting into the job market.
Read MoreThe actions of authorities in China dominate headlines. However, Arian Neiron from VanEck writes, if the name of the country is not mentioned then many of the moves seem sensible.
Read MoreIt was more good news on the bad debt front for Bendigo and Adelaide Bank which has joined its larger peers such as Westpac and the ANZ in writing back some of 2020’s provisions.
Read MoreAugust 18 looms as the next big date for the NZ economy with the country’s central bank now expected to reveal plans for a rate hike after unemployment fell sharply in the June quarter.
Read MoreAussie shares manage a small improvement to notch back to back record highs for the ASX 200 index. Fortescue (FMG) shares fell after a contractor tested positive to COVID19 at its Cloudbreak mine in WA.
Read MoreIt has been a big week for lithium-ion battery cell maker Magnis Energy Technologies, with a $20 million funding injection through a convertible note issue to two US-based institutions.
Read MoreAussie shares have had a choppy start to Thursday but has still managed to hit a new record high of 7,517 before lunch. Most sectors are improving but energy and materials are lagging.
Read MoreASX200 down 4 points to 7499. Imugene (+0.8%); have announced a strategic research partnership with Celularity, a NASDAQ listed co, for the treatment of tumours.
Read MoreThe June quarterly report from lithium major Albemarle underwhelmed on Wednesday with the shares closing down 0.6% in New York with no surge expected in lithium sales revenues and profits.
Read MoreThe Dow Jones index fell by 324 points or 0.9%. The S&P 500 lost 0.5%. But the Nasdaq index rose by 19 points or 0.1%.
Read MoreSome snippets from three companies that gave updates to the market on Wednesday: auto parts retailer GUD Holdings, BWP Trust (Bunnings), and mortgage insurer Genworth.
Read MoreYou might reasonably think that investors are worrying about two contradictory things at the moment. On the face of it, that makes no sense. They can’t both be a problem at the same time, can they?
Read MoreDespite a slide in iron ore prices, the Reserve Bank’s Commodity Price Index jumped 7.7% in July to hit an all-time high, topping previous boom peaks in 2011 and 2007-08.
Read MoreCovid is back worrying China’s authoritarian government at a time when it has been attacking various local businesses and boasting about the country’s strong performance at the Tokyo Olympics.
Read MoreThe 1.8% slide in June’s retail sales was confirmed yesterday as analysts forecast several more months of weak consumer activity because of the continued lockdowns.
Read MoreThe Australian sharemarket gathered momentum this afternoon, with the ASX 200 hitting a fresh record high and finishing at a record closing high thanks to gains across most sectors.
Read MoreThe Australian sharemarket is lifting by ~0.1% so far today, fading from a stronger start this morning. Gains from some iron ore and lithium producers, CBA, Woolworths and A2 Milk are helping.
Read MoreASX200 up 15 points (0.2%) to 7489. Fortescue (+0.7%); overnight Vale downgraded its production capacity.
Read MoreThe suspension of trans-Tasman quarantine-free travel has seen Air New Zealand lift its estimated loss by 20% and drawdown more funds from the standby facility established by the government.
Read MoreThe Dow Jones index lifted by 278 points or 0.8%. The S&P 500 gained 0.8% to record highs. And the Nasdaq index rose by 80 points or 0.6%.
Read MoreValue as a style can behave very differently from the broader market, and that can be a really powerful diversifier for client portfolios. Simon Adler from Schroders explains how.
Read MoreGold still has its charms, so too do iron ore and lithium, but the 30th Diggers and Dealers chatathon in Kalgoorlie this week has seen two golden oldies reclaim the top spots.
Read MoreLooking at headline returns is a great way to quickly ascertain how much your portfolio has increased or decreased in a certain timeframe, but there are certain caveats to keep in mind.
Read MoreDebt recovery group Credit Corp shares softened yesterday after the company forecast a 2021-22 performance not that much different to the 11% rise in net profit in the year to June.
Read MoreThe RBA held official interest rates at record low levels and kept its quantitative easing program unchanged in a modest reaction to the worsening lockdowns in Sydney and Southeast Queensland.
Read MoreThe ending of the HomeBuilder subsidy continued to hit the housing market in June, although both measures remain at historical highs on an end-of-financial-year basis.
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