The rise of populism and bigger government – what it means for investors
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses populism.
Read MoreWeekly Wrap
Feature Articles that included our Weekly Wrap.
Deutsche Bank ends 15-quarter profit streak
Germany’s largest lender, Deutsche Bank, reported a loss for the first time in 15 quarters on Wednesday, as it set aside funds for an ongoing lawsuit related to its Postbank division.
Read More
Iron ore prices sink below $US100 as Chinese policy meeting fails to impress
Iron ore prices tumbled below $US100 per tonne late Tuesday, driven by a lack of substantial stimulus from a recent policy meeting in China and robust supply levels. The steelmaking material fell by up to 3.5%, reaching $US99.85 in Singapore, and appears set for a third consecutive day of losses.
Read MorePerpetual sees $12.4 billion drop in AUM
Perpetual (ASX:PPT) has reported a significant decrease in its assets under management (AUM), which fell by $12.4 billion in the fourth quarter, ending at $215 billion as of June 30. This drop contrasts with the $227.4 billion reported as of March 31.
Read MoreUS small-caps surge: Best performance in 40 years and a “multi-decade opportunity”
Goldman Sachs’ David Kostin estimates that the recent rolling five-day relative return for U.S. small-caps was the best in at least 40 years.
Read MoreBerkshire Hathaway sells more BYD shares
Warren Buffett’s Berkshire Hathaway has sold off more of its stake in the world’s biggest EV maker, BYD of China, taking the holding below the disclosure level on the Hong Kong Stock Exchange.
Read More
Global computer outage sparks major airline disruptions and CrowdStrike stock plunge
Despite the impression left by many blasé analysts and investors that Friday’s massive computer outage across the world was now behind us, the story continues to unfold—particularly in one corner of Wall Street: shares in CrowdStrike, the company at the center of the disaster.
Read MoreChinas interest rate cuts
In economics, there's a 'good' slowing pace of growth for an economy and a 'bad' or 'unneeded' pace for an economy that's stagnating and in trouble.
Read MoreShares down, US election, Global rates, China’s plenum, Aus jobs
Dr 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 MoreYancoal Australia faces 25% revenue drop
Despite solid production and sales performance for the six months ending in June, Yancoal Australia (ASX:YAL) is facing a 25% revenue decline due to weaker global prices.
Read MoreAustralian labour market sees robust growth
More than 50,000 people found work last month, the Australian Bureau of Statistics said on Thursday.
Read MoreBHP’s strategy shift
Has BHP (ASX:BHP) quietly dropped its boycott of investing in coal in Queensland in protest at the Labor Government’s significant increase in coal royalties?
Read MoreBrazil’s Vale regains title from Rio Tinto
Vale, the big Brazilian iron ore giant, has had a rip-roaring bounce-back in the June quarter. So much so, it has snatched back the title of the world’s biggest producer from Rio Tinto.
Read MoreAustralian shares at new record highs – is it sustainable?
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses Australian shares.
Read MorePowell indicates a cut in rates may come sooner than expected
Fed chair, Jay Powell has raised the temperature on the rate cut timing, suggesting Monday that a reduction might be closer than previously thought.
Read MoreChina’s economic challenges
The Chinese government has once again missed its chance to send a message to consumers, businesses, and especially struggling homeowners that it aims to help them by cutting official interest rates.
Read MoreA week packed with economic data and corporate reports
Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.
Read MoreDisinflation resumes in US, RBNZ pivots, Shares hit record, Surge in shipping costs less threatening
Dr 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 MoreImmutep (ASX:BLA) – TACTI-003 positive data in patients with negative PD-L1 expression (cohort B)
Immutep Limited (ASX:IMM) Executive Director and CEO Marc Voigt, Chief Medical Officer Dr Florian Vogl, and Senior Vice President Strategic Development Christian Mueller present on Immutep's latest clinical results.
Read MoreS&P 500s 7-day rally ends as traders shift to small-cap stocks
A 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’s mixed reaction to unexpected inflation drop
Wall 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 MoreBHP suspends nickel mining in WA amid global oversupply
BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Read MoreUranium stocks surge following Kazakhstani tax hike
Uranium stocks are soaring on Thursday following an unexpected hike in uranium extraction taxes in Kazakhstan. This move is anticipated to curb future supply growth from the country, home to the world's largest producer, Kazatomprom.
Read MoreTech giants surge to new heights
In 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 MoreThe five reasons why the $A is likely to rise further – if recession is avoided
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the Australian dollar.
Read MoreMixed messages in China’s June inflation data
The 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 MoreAnalysis of Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings
Fund Manager Chris Pedersen discusses Johns Lyng Group, Macquarie Technology Group and Rolls-Royce Holdings.
Read MoreMinister Shane Jones discusses New Zealand’s resources sector
The Honourable Shane Jones discusses the New Zealand government's pro-mining strategy. Topics touched on include: the rationale behind invigorating the resources sector, statutory reforms to boost investment, and commodities New Zealand possesses.
Read MoreGolden opportunities: Developing the Bendigo-Ophir project in New Zealand
Santana Minerals Limited (ASX:SMI) CEO Damian Spring provides an update on the company's progress, discussing an increase in indicated resource at the RAS deposit, expected completion of the prefeasibility study, stakeholder engagement, and the possible impact of the Fast-Track Approvals Bill.
Read MoreShort sellers pocket $10 billion in profits despite S&P 500 surge
During 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 MoreNAB survey reveals mixed signals
Now, 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 reclaims top spot as world’s most valuable company
Apple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company.
Read MoreElections, Lowering rates, 7 reasons RBA shouldn’t hike, Household spending has another leg down
Dr 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 MoreLagarde stresses data-driven approach for future ECB rate decisions
The European Central Bank needs to see more robust evidence that inflation is steadily moving towards the 2 percent target before contemplating additional interest rate cuts, ECB President Christine Lagarde stated.
Read MoreWinston’s Weekly: Sector update
Winston Sammut, the Director Property of Euree Asset Management, gives his weekly take on the REITs sector. Topics discussed include: US market highs, the possibility of rate rises, and Australian property news.
Read MoreEU imposes provisional duties on Chinese electric vehicle imports
The European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China continue for a more permanent arrangement.
Read MoreAustralia’s migration cutbacks
Australia’s plan to halve the number of net migrants entering the country may not be enough to curb still-rising inflation, economists say.
Read MoreSantos faces takeover rumours
Recent rumours swirling around Santos (ASX:STO) suggest a potential takeover bid by Middle Eastern giants Saudi Aramco and Abu Dhabi National Oil Co. However, market analysts remain sceptical about the likelihood of such a deal materializing.
Read More
