China Car Sales Continue To Contract
China’s car sales fell for the 16th month in a row in October due to continuing consumer reluctance and changes to government incentives.
Read MoreChina’s car sales fell for the 16th month in a row in October due to continuing consumer reluctance and changes to government incentives.
Read MoreNews Boeing is ready to return its 737 Maxes to service by January cancelled out trade deal uncertainty on Wall Street. Dow up 10.
Read MoreSurging consumer inflation, falling producer inflation, a muddling trade performance – and the first cut in the country’s key interest rate for several years – China’s early October economic data tells us the country’s economy is not feeling very well.
Read MoreAround 90% of the S&P 500 companies have so far reported and now its the turn of major retailers to complete the season over the next fortnight.
Read MoreWages and jobs will dominate the news flow in Australia this week for those looking at substantive issues and not at ephemera like the future of the Labor Party.
Read MoreThe bills are starting to arrive for Britain for the black comedy known as Brexit with Moody’s warning that it could further cut the UK’s sovereign debt rating.
Read MoreWhile eurozone shares fell 0.2% on Friday, the key US S&P 500 measure ended up 0.3% despite an initial fall after President Trump indicated he hadn’t yet agreed to a tariff roll back in his trade war with China.
Read MoreHamish Douglass, CIO and Lead Portfolio Manager, discusses China’s Alibaba and why it’s a top holding in Magellan’s Global Strategies.
Read MoreLet’s consider what the real impact of rising yields have on stock markets during the different phases they enter, because this is important, and far too many professionals don’t understand bonds and their impact on other asset classes.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreNews that tariffs may be rolled back as part of phase one had Wall Street surging, before doubts were raised late in the session. Dow up 170.
Read MoreThere is no denying concerns about global debt, seemingly never-ending QE, more debt trading on negative interest rates, inequality & geopolitical threats. However, some of these concerns are exaggerated and there are five reasons why I am not so fussed about the global outlook.
Read MoreWall Street closed flat, not sure what to think about a possible trade deal delay. Dow “unch”.
Read MoreWall Street failed to fire on the latest snippet of supposedly positive trade news. Dow up 30.
Read MorePhase one continues to look good, apparently, and now the US may not impose tariffs on European autos. Dow up 114.
Read MoreSo much for all the hot air from the Federal government, some economists and even the Reserve Bank – that so-called $1,080 tax refund has turned out to be a fizzer and failed to boost retail sales in the September quarter.
Read MoreOne of the hardest things for a trader to identify and admit is overtrading. Overtrading is almost always associated with the emotion of desperation. Like panicking, desperation has the same effect on the brain, stifling the ability to make clear, sound and calculated judgements.
Read MoreNo rate cut from the Reserve Bank at its November meeting tomorrow, but many analysts and economists believe one will come in December, and if not then, at the February meeting in 2020 (the first for next year).
Read MoreFor the week the S&P 500 rose 1.47% to a new record high, the Dow rose 1.44% and the Nasdaq rose 1.74%.
Read MoreMedia and entertainment groups dominate the coming week with their September quarterly reports as the US reporting season starts to wind down.
Read MoreThe coming week could see a possible deal between the US and China over their trade war, better news about the US economy and will the Reserve Bank cut rates at its November meeting tomorrow.
Read MoreWarren Buffett’s Berkshire Hathaway saw its quarterly operating profit rise a solid 14% as it ended the three months to September with an even larger pile of cash that it hasn’t been able to use.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreJust when all was looking rosy on Wall Street, it wasn’t. Dow down -140.
Read MoreA small loss for October of 0.4% for the ASX 200 while other major indexes logged monthly gains with the S&P 500 posting a 2% rise, the Dow up half a percent and the Nasdaq Composite jumping 3.7%.
Read MoreAhead of the Herd’s Rick Mills ponders the pending fall of the US dollar and rise of gold.
Read MoreHaving cut for a third time, the Fed feels it now has policy in the right place. Dow up 115.
Read MoreWhile there was certainty that the third rate cut this year would happen at the November meeting of the Fed’s Open Market Committee – which it did, down 0.25% – there was also a sneaking suspicion that any reduction could be the last for a while.
Read MoreGoogle’s post-result dip was the biggest weight on Wall Street last night but the main indices held up on other results, and despite a possible trade deal delay. Dow down -19.
Read MorePositive trade talk and more earnings results led the S&P500 to close above the previous all-time high set in July last night. Dow up 132.
Read MoreLouis Vuitton owner LVMH has approached top tier jeweller, Tiffany & Co with a takeover offer.
Read MorePossibly the biggest week for US third-quarter earnings lies ahead of markets over the next five days with more than 150 S&P 500 companies due to report.
Read MoreThree events matter this week for investors around the world – the Fed interest rate decision early Thursday morning, Sydney time, the first estimate of US third quarter GDP growth a few hours earlier and then the US jobs report for October late Friday night, our time.
Read MoreA solid start is forecast for the ASX later today after a mostly positive finish on markets on Friday night.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWith no new developments on the major macro themes last night, Wall Street concentrated on the ups and downs of the day’s earnings releases. Dow up 45.
Read MoreOne minute it looked like a deal had been passed, the next minute it hadn’t. Wall Street followed the Brexit flow last night. Dow down -39.
Read MoreThe S&P500 regained the 3000 mark for the first time in a month last night on positive trade chatter and ongoing earnings beats. Dow up 57.
Read MoreA soft opening to ASX trading today but the real story will be the pressure on tech stocks like Afterpay Touch, Zip and Wisetech Global.
Read MoreChina’s central bank governor has ruled out any change in monetary policy less than a day after the country’s third-quarter GDP fell to a 6% growth rate – the lowest in almost 30 years.
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