Next Week At A Glance
A brief look at important company events and economic data releases next week.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street continues to wander aimlessly on a mix of politics, economic data and trade anticipation. Dow down -79.
Read MoreLatitude Financial (the old GE Money’s Australian arm) has confirmed plans for second attempt to launch an initial public.
Read MoreStill in dairying, this time in Australia and the competition regulator, the ACCC says it will not oppose the proposed acquisition of Lion Dairy & Drinks’ Tasmanian-based cheese business by Saputo Dairy Australia.
Read MoreWall Street looks set to ignore impeachment talk and focus on economic data and trade hopes. Dow up 162.
Read MoreThe ongoing slide in investment yields across major asset classes points to a more constrained medium-term return outlook. For a diversified mix of assets, this has now fallen to around 5.6% pa on our projections.
Read MoreThe Reserve Bank of New Zealand has left its official cash rate unchanged at a record low 1% but like its Australian counterpart, left open the chance of further cuts to try and kick start a meandering economy.
Read MoreImpeachment proceedings, hawkish talk with regard China and a drop in US consumer confidence all conspired to spook Wall Street last night. Dow down -142.
Read MoreThe RBA Governor has made it very clear that the central bank is prepared to continue cutting rates to help support “sustainable growth” while acknowledging that low-interest rates are here to stay for “an extended period” of time.
Read MoreHopes that the European economy might be stabilising were dashed last night after Germany released a flash PMI estimate. Dow up 14.
Read MoreThe collapse of UK travel company, Thomas Cook after 178 years in business will leave an impact across every part of the global holiday and business travel businesses, with costs estimated to easily top $A2 billion.
Read MoreClimate Change was in focus this week as millions of people protesting around the world on a coordinated day of action. An estimated 300,000 people joined rallies in Australia.
Read MoreFriday saw Wall Street turn lower after Donald Trump again undermined attempts to stabilise the trade war and the US Federal Reserve made it clear it will continue to inject up to $90 billion a day into US money markets to keep short term interest rates steady.
Read MoreThe ASX is heading for another weak opening this morning after a mixed session for global markets on Friday.
Read MoreThis week will see the ripples continuing from the Saudi attacks, Donald Trump’s continuing undermining of a reduction in tensions in the trade war with China and updates on the health of business in economies in Asia, the US, Australia, and Europe, as well as the final estimate of US second-quarter GDP.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWith the Fed decision now out of the way, Wall Street attention turns back to trade, and the meetings that have now recommenced. Dow down -52.
Read MoreThe Fed is not on a pre-set course, but it’s ready to act again after last night’s cut. Dow up 36.
Read MoreFor the second time in two days the US Federal Reserve has been forced to inject another $US75 billion in emergency funding into the US money markets to ease a liquidity squeeze.
Read MoreThe US Federal Reserve cut its key interest rate by 25 basis points to a range of 1.75% to 2% early Thursday, Sydney time but left some confusion in markets as the key policy-making board split on the decision.
Read MoreIs Warren Buffett being left holding the can at the underperforming food giant Kraft Heinz after his erstwhile Brazilian-based partner sold more of its stake at less than market value on Monday?
Read MoreOil prices halved their Monday night gains last night, and Wall Street returned to a defensive stance. Dow up 33.
Read MoreThe choke point for global growth from higher oil prices is normally a doubling in prices. We are a long way from that but key to watch will be how long the supply disruption lasts and whether there are more attacks from Saudi Arabia or the US.
Read MoreGlobal markets largely took the oil price spike on the chin over the past 24 hours but concern remains over what happens next on the geopolitical front. Dow down -142.
Read MoreChina’s pace of steel production rebounded August after two months in a row of falling output.
Read MoreBy the close on Saturday morning, Sydney time US shares had added 1% for the week, Eurozone shares, 1.5%, Japanese shares jumped 3.7% and Chinese shares were up a modest 0.6%.
Read MoreWhile share markets globally will be watching this week’s interest rate decision of the US Federal Reserve, their immediate attention will be on the fallout from the weekend attacks on key oil facilities in Saudi Arabia.
Read MoreThe Federal Reserve will deliver its monetary policy statement on Thursday morning but watch for possible moves from the Bank of England and the Bank of Japan which also hold policy meetings, also on Thursday.
Read MoreWhile many stocks can seem overvalued and stretched in their price rallies, the real corrections typically come when there is a combination of extreme valuations and robust competition forming. This is when even the leaders begin to suffer.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreIntra-day volatility returned to Wall Street last night as the ECB cuts and confusion reigns on the trade front. Dow up 45.
Read MoreTheir autonomy will prove superfluous in a low-inflation, stagnant world.
Read MoreWhile rotation was again evident on Wall Street last night, some positive news prompted more widespread buying. Dow up 227.
Read MoreThe shift out of defensives and into cyclicals that began in earnest on Monday night picked up pace last night. Dow up 73.
Read MoreShockingly positive German data last night had Wall Street entertaining the idea that perhaps the global decline is reaching a nadir. Dow up 38.
Read MoreFigures out last week reveal, quite sharply, just how investors abandoned US sharemarkets in August in favour of bonds, helping drive yields down to multi-year highs in the US in particular.
Read MoreLet’s see, there’s a big week ahead for markets – there’s the European Central Bank monetary policy decision, more delusions from Boris Johnson over Brexit, US retail sales, inflation in the US and China, Japanese GDP and Australian business and consumer surveys.
Read MoreChinese authorities have ordered a 1% cut in bank reserve ratios after trade figures revealed that exports unexpectedly fell in August while imports shrank for the fourth month in a row.
Read MoreLast week saw the ASX 200 rise up 42.7 points, or 0.7%, extending the rebound from the lows struck in mid-August to nearly 4%.
Read MoreFriday’s mixed to weak trading saw US shares rise 1.8%, Eurozone shares, 2.1%, Japanese shares, 2.4% while Chinese shares jumped 3.9%.
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