Tuesday At The Close
The ASX 200 has slipped 0.77% to close near the day’s lows. Almost all sectors edged lower, led by Consumer Staples, which lost 1.89%.
Read MoreThe ASX 200 has slipped 0.77% to close near the day’s lows. Almost all sectors edged lower, led by Consumer Staples, which lost 1.89%.
Read MoreThe slide in US oil and gas drilling seems to be coming to an end as the number of active rigs being taken out of work slows by the week.
Read MoreCentral bank minutes of recent meetings and a decision on an interest rate move will headline the week’s data flow and events around the world.
Read MoreThe Australian stockmarket is heading for a flat opening this morning and it wouldn’t surprise if the markets then edge lower after the less than cheery end to trading on Wall Street at the weekend.
Read MoreFor Warren Buffett and his investment managers at Berkshire Hathaway, it was more of the same in the three months to March, according to an investment report filed with the US Securities and Exchange Commission on Friday night, our time.
Read MoreUS sharemarkets ended largely flat on Friday but the broader S&P 500 ended at a record high for a second straight day. Traders mulled weaker economic data and a weaker greenback.
Read MoreThe ASX 200 has closed down 1.3% weighed down by heavy falls in the financial sector and a 7% plunge in BHP shares as its spin-off South32 debuted on the market.
Read MoreThe ASX 200 is down 0.5%, losing some of last week’s gains amid falls in the financial sector.
Read MoreIronbark Zinc (ASX: IBG, Share Price: $0.12, Market Cap: $51m) is the first pure zinc exposure that we have incorporated into our Portfolio since we began way back in December 2010. The rationale for this has been quite clear – zinc has until recently been a poor-performer from a pricing perspective – hence there has been no sound reason to this point to recommend zinc equities. Nevertheless, we have covered zinc extensively from a sector perspective and we have consistently highlighted the looming supply gap that would emerge. We are now approaching a critical point in terms of declining supplies from existing zinc sources, which we believe justifies the introduction of a world-class emerging zinc producer.
Read MoreThe ASX 200 is up 0.5%, regaining all of yesterday’s losses. Most sectors are trading in positive territory, with the miners and consumer related stocks leading the gains.
Read MoreResmed (RMD) shares took a pounding on the ASX yesterday after being sold off in the US in the wake of a poor result from a research trial.
Read MoreAs expected, GrainCorp (GNC) has reported a sharp drop in half-year profit and slashed interim dividend by 50% because of the drought in Eastern Australia, and without the impact of the looming El Nino event.
Read MoreWestfield Corporation (WFD), the international arm of the retail mall empire started by Frank Lowy, is looking to decamp from Australia for an offshore listing within the next year.
Read MoreShares in cancer treatment specialist Sirtex Medical (SRX) surged 35% to $27, a rise of just over $7, after the company yesterday revealed better news about survival rates for liver cancer patients using its novel radioactive spheres treatment.
Read MoreUS sharemarkets rallied in late trade on Thursday taking the S&P 500 to a record high. Investors bet on stronger sales from US multinationals following the weaker US dollar. The US dollar index fell to its lowest level since January.
Read MoreASX 200 enjoys best weekly performance in two months, rising by 1.5%. Mining stocks were some of the best performers, with the sector gaining 1.25%.
Read MoreFederal Treasurer Joe Hockey’s claim that the Government’s latest budget provides a “credible path back to surplus” has been widely derided – as is usual. According to the Budget papers, the now yawning budget deficit of $35 billion expected for 2015-16 (2.1% of GDP) is then projected to gradually shrink over the next few years, such that by 2019-20 it should again be back in the black.
Read MoreTwo weeks ago we discussed the leading signals that pointed to Automotive Holdings Group (AHG previously AHE) being re-rated significantly higher on the basis of a profit upgrade from peer AP Eagers (APE), record new car sales for February and March and record low interest rates. Together with a low valuation, attractive 5% fully franked dividend yield and an exceptional chart formation it looked set to move to record territory.
Read MoreUS sharemarkets ended largely flat on Wednesday. The soft retail sales data raised doubts on the strength of the economy. But a weaker US dollar boosted shares in export-led companies
Read MoreMore evidence that the Chinese economy is slowing, leading to forecasts of either another rate cut (the 4th since November) or the third easing in bank reserve ratios, to boost money available for lending.
Read MoreA smaller boost to Qantas (QAN) shares yesterday as the glow from the upbeat investor day briefing on Tuesday faded somewhat.
Read MoreSydney’s property boom is threatening the economy – right? Yep The Reserve Bank has said just that and in fact the central bank also says the property boom in Australia’s biggest city threatens to unbalance the wider economy and the financial system. Sydney’s property boom is being driven by investors, especially self-managed super funds and foreign buyers (predominantly from China).
Read MoreUS sharemarkets ended largely flat on Wednesday. The soft retail sales data raised doubts on the strength of the economy. But a weaker US dollar boosted shares in export-led companies
Read MoreThe ASX 200 has eased 0.3%, held back by heavy falls in the materials sector which fell 1.2%.
Read MoreAll of us experience financial turning points or financial milestones in our lives. But the way we deal with them obviously differs widely.
Read MoreInvestors may understandably be puzzled if their investment returns are very different from the managed investment funds holding their money. Vanguard analysts in Australia and the US have examined this phenomenon in which investors appear to be effectively underperforming themselves.
Read MoreDownload related file: Direct Bonds Lists 20150514 0901.pdf
Read MoreThe ASX 200 is up 0.4% boosted by gains in the energy sector thanks to a rebound in the oil price. The banks and miners are also firmer.
Read MoreNote: This article was originally published on Oliver’s Insights on May 13 2015 and has been republished with permission from the original author.
Read MoreBuilding products group CSR has confirmed the solid rebound reported in its in interim profit late last year in reporting an 82% jump in underlying full-year profit yesterday to $146.5 million, thanks to the surge in new home construction which boosted sales of bricks, glass and other products.
Read MoreTranspacific Industries (TPI) shares fell more than 11% at one stage yesterday after the market surprised by the news that CEO Bob Boucher has resigned from the waste handler for “personal reasons” after just 18 months in the job and will return to the US.
Read MoreShares in companies with involvement in the rural sector will come under pressure in coming months after the Bureau of Meteorology yesterday declared the return of the complex weather system, the first since March, 2010.
Read MoreBoom, boom – not the sound of a jet breaking the sound barrier, but Qantas (QAN) shares taking off yesterday after one of the most upbeat briefings delivered by the airline’s management in recent years.
Read MoreExplosives giant Orica (ORI) has downgraded its profit guidance, raised the possibility of cutting ammonium nitrate output as an oversupply situation looms, reported a drop in half year profit and told shareholders they will get a steady interim dividend for the six months to March.
Read MoreUS sharemarkets fell in early trade in line with European markets in response to rising global bond yields. But markets rebounded as bond yields settled.
Read MoreThe ASX 200 has finished up 0.71% with almost all sectors climbing higher. Consumer stocks led the gains, rising 1.65%.
Read MoreProperty investors know and respect the mantra; location, location, location. In bond and fixed income markets, the equivalent of location is capital structure, which determines who gets paid out first in the event of a company wind-up.
Read MoreThe ASX 200 is up 0.3% boosted by gains in the materials sector. A recovery in the financial sector is also helping to support the market.
Read MoreEven though markets will start the day on the backfoot after weak finishes in most of Europe and across all US markets this morning, a surge in iron ore prices should make local investors think again.
Read More