It Is Terribly Simple
Strength in the market has been driven by expansion in sectors where earnings growth is tepid and multiples high; Schroders’ Andrew Fleming suspects the early bloom shall wilt.
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Resource Rumblings: WHC, S32, EVN
The reporting season rolled on Thursday with half-yearly results out from three of the local mining fraternity: South32, Evolution Mining and Whitehaven Coal.
Read MoreNewcrest Board Knocks Back Bid, Pays Sweetener
Newcrest rejected the Newmont bid yesterday, while also revealing a special one-off payment to minimise the dip in its dividend payout to shareholders for the December half year.
Read MoreUps and Downs at the Big End of Town
Thursday’s ASX session saw investors seeming to prefer the results announced by NAB and Telstra to that of fallen financial giant AMP, whose shares fell more than 13% on the day.
Read MoreLucky Number Eight for RBA with Labour Data
The local jobs market has seemingly cracked at last after eight rate rises from the RBA, with the January unemployment rate rising to 3.7% according to the Australian Bureau of Statistics.
Read MoreBig moves by key sectors lift ASX 0.79% higher at close
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreASX up 0.76% at noon as Oz economy loses fewer jobs than anticipated
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: CRR, MAT, GMG
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
Read MoreGoodman Group (ASX: GMG) Releases Half-Yearly Result
Australia’s largest listed commercial and industrial property group, Goodman Group, has today released their results for the half year ended 31 December 2022.
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CBA Slumps 5% Despite Record Earnings, Dividend
Commonwealth Bank shares slid more than 5% despite the record interim earnings and dividend announced on Wednesday as the market fretted over macro and margin concerns.
Read MoreTough Slog Persists for Fortescue
As expected after January’s half year production and sales update, Fortescue Metals Group has again cut its dividend as earnings fell to $US2.36b, just above market estimates.
Read MoreCorporate Chatter: TWE, COH, VCX
A veritable plethora of earnings reports through the ASX today, from which we have sifted those by Treasury Wine Estates, Cochlear and Vicinity Centres for your consideration.
Read MoreNine Common Crypto Questions Answered
On the topic of all things crypto, Global X has compiled a few of the most common questions encountered when discussing digital assets, blockchain and related technologies.
Read MoreSetback for WES at Mount Holland Lithium Project
A setback for Wesfarmers at its jointly-owned Mount Holland lithium project in WA, with production delayed by around six months and costs jumping by anywhere up to 20%.
Read MoreLate upswing not enough to recoup earlier losses: ASX closes 1.1% lower
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreTrigg Minerals (ASX:TMG) Trials New SOP Production Process
Trigg Minerals Limited (ASX:TMG) Managing Director Keren Paterson discusses the company’s latest assay results and its new technology for producing sulphate of potash.
Read MoreASX down 0.91% at noon following US CPI data
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: PTR, LGM, CCZ, WCN
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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US Battle with Inflation Far from Done
We got a taste Tuesday of what could become an ongoing reality for markets – a one step forward, one step back, going nowhere stream of news about the battle against inflation.
Read MoreHas the Market Seen Something the Rest of Us Haven’t?
Fidelity’s Tom Stevenson is as surprised as anyone about the market’s recent rally, and how investors seem to have turned up to the party before the invitations have even been printed.
Read MoreIndustrials Intel: JHX, CSL, ANN
A bit of a mixed bag from three of our big industrial companies on Tuesday, with James Hardie and Ansell both taking a recent earnings hit but old reliable CSL still going strong.
Read MoreNAB Survey Says, “Unexpected Confidence Boost”
The National Australia Bank’s February business survey unexpectedly showed business conditions ending a three-month slide with a small pick-up and confidence also rebounding.
Read More10 Charts for Optimism in 2023
As Quay Global explains, recent data suggests that inflation may have been transitory, and there’s been some positive growth across the housing, energy and job sectors.
Read MoreImproving Value in Fixed Income
Mihkel Kase explains why Schroders has been deploying cash and increasing its portfolio’s interest rate and credit risk via high quality credit, as inflation peaks and growth weakens.
Read MoreBottom Line Buzz: BRG, TPW, SWM
The local reporting season for the December period is picking up steam – here are the important bits from the announcements by Breville Group, Temple & Webster and Seven West Media.
Read MoreASX closes 0.18% higher ahead of Wall Streets CPI data
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreDexus (ASX:DXS) Releases Half-Yearly Result
Leading real estate investment trust Dexus (ASX: DXS) has today released results for the half year ended 31 December 2022.
Read MoreHealthcare pushes ASX 0.4% higher at noon
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: ELT, FAL, MAT, ANP
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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When You Wish upon a Falling Star
The dispassionate investor or analyst would be concerned at the adverse market reaction yesterday to the interim trading update from embattled casino group Star Entertainment.
Read MorePayout Upped but Distant Clouds Loom for JB HiFi
A higher dividend was about all the good news in JB HiFi’s interim report on Monday as sales growth in Australia slowed dramatically, especially for its Good Guys whitegoods business.
Read MoreThe Safeguard Mechanism – What’s All the Fuss About?
Alphinity IM’s Jessica Cairns looks at proposed changes to the Safeguard Mechanism and Australian Carbon Credit Units (ACCUs) that have sent the Australian ESG world into a flurry.
Read MoreMarket Morsels: IAG, FBU, AZJ
New Zealand’s wild weather is playing havoc with companies on both sides of the Tasman, with updates from IAG and Fletcher Building released Monday, as well as one from Aurizon.
Read MorePolicy Change for Beach to Unleash Franking
Beach Energy has made an important change to the company’s dividend policy to allow it to start giving shareholders more of its half a billion plus dollars in unused franking credits.
Read MoreEnergy’s efforts are not enough to lift the ASX
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
Read MoreASX opens lower following the S&P500’s worst week in 2 months
Peter Milios from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreStocks of the Hour: PNX, BRU, CR9
Abbey Phillipps from Finance News Network breaks down some stocks making noise in today’s ASX trading session.
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