Market At Midday On Tuesday
The ASX 200 is down 0.5% weighed down by falls from the financial sector. Energy stocks have lost early gains, with the sector down 0.4%.
Read MoreThe ASX 200 is down 0.5% weighed down by falls from the financial sector. Energy stocks have lost early gains, with the sector down 0.4%.
Read MoreUS sharemarkets fell on Monday. Increased tensions over Greek debt and weaker Chinese trade data were the main drivers. The lift in the oil price helped curtail the losses for the broader market, with the S&P energy index rising by 0.2%.
Read MoreA better result emerged from the booming home building sector from AV Jennings (AVJ) which reported a 42% jump in interim net profit to $11.9 million.
Read MoreCrunch went the shares yesterday in small mining services company Coffey International (COF). It will be the first of what will be a long line of miserably bad results from the sector.
Read MoreProtective equipment maker Ansell (ANN) is looking for new buys after reporting that its half-year net profit rose by just over a third to $US87.7 million ($A113 million) for the half year to December 31.
Read MoreOn February 28, investor/fans of Warren Buffett will get three annual letters for the price of one, along with the quarterly and annual reports for Berkshire Hathaway.
Read MoreInvestor sentiment was dampened today by concerns about Greece and its standoff with creditors. Most sectors finished weaker, with only the Property Trusts and Consumer Discretionary sectors gaining.
Read MoreThe ASX 200 is down 0.3% held back by falls in the materials and financial sectors. Energy stocks are gaining following a recovery in world oil prices.
Read MoreAfter the share price futures trading over the weekend, our market will start steady to slightly higher this morning as it seeks to extend the biggest bull run for 15 years.
Read MoreGoldbugs received a timely reminder on Friday night, our time, that the price of the metal is more tied to the strength of the US economy and greenback than any other factor, while oil prices again surged in the wake of the tremendously strong US jobs report for January (and the revisions going back to November) which saw a total of half a million new jobs reported for the three months.
Read MoreAfter the Liberal Party leadership meeting this morning and the fallout, it will be time for everyone to focus on the real issues – the economy and corporate earnings.
Read MoreThe January trade figures from China are a stunner – an unexplained near 20% slide in imports and exports down 3.3%, as it appeared the most important economy for Australia had experienced a sharp slide in the level of demand and economic activity.
Read MoreUS sharemarkets ended modestly lower on Friday. While financials rose, a stronger greenback weighed on export-focussed companies. And some investors fretted about higher interest rates. Dow Jones fell by 60 points or 0.3%, S&P 500 index also lower.
Read MoreThe market’s 12-session rally has come to an end with the ASX 200 slipping 0.1%. The Health Care sector was the best performer, rallying 1.9%.
Read MoreThe local share market is trading higher for a 12th straight session – its longest winning streak in more than a decade.
Read MoreUS sharemarkets rallied on Thursday as the lift in the oil price boosted energy shares. The S&P energy index gained 1.4%. M&A activity in the pharmaceutical space lifted sentiment. Pfizer (up 3.2%) said it would buy Hospira Inc, (up 35%.
Read MoreEngineering and construction group Downer EDI (DOW) has lifted interim dividend by one cent a share to 11 cents for the December half year, despite reporting a slide in earnings and warning that the outlook for the mining sector remains challenging (as Macmahon Holdings also warned).
Read MoreNational Australia Bank (NAB) shareholders weren’t all that convinced, but the rest of the sector was by the first quarter trading update.
Read MoreShares in finance company Flexigroup (FXL) jumped 14% yesterday after the company reporting a solid 9% rise in interim earnings, thanks in part to the strong New Zealand economy.
Read MoreConstruction and mining services group Macmahon Holdings (MAH) continues to shower bad news on the market, with news of multi-million dollar losses in asset impairments yesterday – a move that is likely to be the first of many similar reports from the myriad companies servicing the resources sector.
Read MoreThe ASX 200 has finished up 0.2% after failing to hang on to early gains. The energy sector was the standout, rising by 0.7%.
Read MoreThe “surprise” decision by the Reserve Bank of Australia to cut interest rates this week has mixed implications for the overall equity market outlook. But it does re-affirm two key themes I have been emphasising for the past year – go for yield and companies with offshore earnings exposure.
Read MoreEmerging tungsten producer that’s focused on commercializing and developing its advanced Watershed tungsten project in northern Queensland – one of the world’s largest undeveloped tungsten deposits.
Read MoreSome global bond funds and Australian fixed interest funds had fairly impressive performances in 2014, causing more interest rate securities investors to wish to explore the managed funds area more.
Read MoreUS sharemarkets fell sharply in the last 20 mins of trade on Wednesday, after the ECB rejected Greek bonds as collateral. Walt Disney (up 7.6%) kept the Dow positive.
Read MoreOil’s four day boomlet vanished overnight as the usual weekly reports on US production and stocks revealed a faster than forecast (optimistically) build up in inventories to a new 80 year high for this time of year. The news saw oil prices slump by up to 8% in US and European trading and spillover into early dealings in Asia this morning.
Read MoreShares in Echo Entertainment (EGP) eased more than 2% yesterday, despite the big rise in the wider market, after the casino group revealed a solid rise in interim profit and a lift in dividend.
Read MoreSo why did Nufarm (NUF) need a trading suspension to allow it to handle the reporting of the depature of long time CEO Doug Rathbone?
Read MoreInvestors cheer prospect of another interest rate cut with the ASX 200 gaining 0.6%, boosted by strong gains from the major banks.
Read MoreThe ASX 200 is down 0.2% weighed down by heavy losses in the energy and materials sectors.
Read MoreUS sharemarkets rallied on Tuesday as the lift in the oil price boosted energy stocks. The eight of the ten S&P sectors recorded gains. M&A activity also added to the rally. Office Depot surged (up 20%) after talks with Staples.
Read MoreWhoppee, the boom is back – oil up, copper up, shares up, iron ore up, interest rates down – and the Aussie dollar is up (oh, no) – it’s boomsville according to any number of market analysts. Oh, and gold’s down.
Read MoreThese are the key changes in the statement yesterday from RBA Governor, compared with the one issued after the December meeting.
Read MoreInvestors punished education group Navitas (NVT) yesterday, selling down the shares by around 10% after it reported a sharp drop in half year earnings.
Read MoreThe Reserve Bank will cut rates again in coming months, with some economists predicting the cash rate could be under 2% by year’s end – and there’s a very simple reason for this, the economy is slowly, but surely sliding towards a halt.
Read MoreThe ASX 200 has finished the session up 1.2% boosted by a 3.3% rise in the materials sector. The market has now risen for 10 consecutive days.
Read MoreNote: This article was originally published on Oliver’s Insights on February 4 2015 and has been republished with permission from the original author.
Read MoreThe ASX 200 is up 1.3 percent, boosted by strong gains in the energy, materials and financial sectors.
Read MoreThe auguries for the local market today look good – a solid bounce on Wall Street in the last hour of trading this morning, a solid gain here in futures trading and the dollar back over 78 US cents – and the Reserve Bank board meeting today which (in the market at least) is widely expected to see a cut in the cash rate to 2.25%.
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