Thursday At The Close
The materials sector led the charge climbing 1.8%, while the energy sector regained earlier losses to close up 0.2%.
Read MoreThe materials sector led the charge climbing 1.8%, while the energy sector regained earlier losses to close up 0.2%.
Read MoreIt’s APRA’s job to make sure the banks continue to operate and so it stress tests their capital reserves to understand how they would perform under various scenarios. While the news is worrying, I think we can learn from the stress testing APRA routinely performs on the banks. In fact it makes very good sense to routinely ‘stress test’ your own investment portfolio.
Read MoreAustralia’s third quarter GDP figures are out later this morning and there’s a good chance they could be better than expected after better than expected contributions from the current account, business stocks, wages and company profits.
Read MoreOnce again all the rate cut forecasts from business economists, the media and business for 2014 have been proven incorrect after the Reserve Bank failed to cut rates yet again at its last meeting for 2014.
Read MoreBy Thursday the immediate future of the listed education company, Vocation (VET), will be known, and it’s very likely that it’s already reduced profit estimates for 2014-15 will be lowered.
Read MoreNorthern Star Resources (NST), the second biggest ASX-listed gold producer, seems to have made a fascinating gold discovery in Western Australia, near one of its existing mines on the outskirts of Kalgoorlie in WA.
Read MoreAll sectors finished higher, led by the utilities sector which climbed 2%.
Read MoreS&P/ASX200 gained 40.5 points or +0.76% on volume of $4.99 billion, closing at 5321.8.
Read MoreGiven the dramatic fall in the price of gold during Monday’s trade (down $38 – or 3% – to $1,152/oz) on the back of the Swiss referendum decision, I thought it worthwhile to enter into a broader discussion with respect to gold.
Read MoreASX 200 loses some earlier gains after the economy grew by a worse than expected 0.3% in the September quarter.
Read MoreOil, gold, silver and copper bounced overnight, ending the great post OPEC decision commodity sell off, a recovery which will help our market steady today after two days of huge losses.
Read MoreAs we pointed out in yesterday’s market report, Qantas (QAN) shares rose strongly last week as oil prices fell, culminating with Friday’s 9% surge as OPEC failed to cut production.
Read MoreMetcash (MTS) shares fell to their lowest level for more than 11 years yesterday following a weak half-yearly results announcement which calls into question the company’s current business strategy.
Read MoreNo change in interest rates from today’s Reserve Bank board meeting today, the last for 2014.
Read MoreLocal investors had their eyes squarely fixed on the collapse in local shares yesterday, but no doubt one or two gave a glance to the latest data out of China and Japan.
Read MoreBounce back Tuesday with the ASX200 adding 73.6 points or +1.39% on volume of $5.60 billion to end at 5281.3.
Read MoreLocal shares recorded their biggest improvements in six months with the ASX 200 up 1.4%. On Monday the Australian market hit a 1.5 month low with energy and mining companies the main drivers.
Read MoreA recovery in commodity prices has led the Australian share market higher on Tuesday with the best improvements seen in the gold sector.
Read MoreLocal shares are down 0.8% and adding to Friday’s 1.6% slump. A 10% fall in the oil price is putting oil producers under selling pressure.
Read MoreGlobal shares had a mostly positive week helped by mostly good economic data and as the Chinese easing and expectations for more easing in Europe continued to impact.
Read MoreWhile central bank meetings will grab the headlines internationally this week, it will be the usual start of month report on the US jobs market on Friday night, our time, along with continuing market reaction to the slump in global oil prices, which will have the greatest impact on markets this week.
Read MoreGlobal commodity indexes hit five year lows on Friday night as the impact of the slide in global oil prices sent ripples through global markets.
Read MoreSo what the’s fallout for oil and the oil related sectors around the world from what’s shaping up as the 4th major oil shock since 1973?
Read MoreMonday was the worst day since 10 October for the Australian market. Oil prices have slumped in recent days and Chinese data was sluggish. Energy and mining companies were the biggest drags on trade. Qantas rose strongly.
Read MoreUgly day to start summer with the ASX200 shedding 105.3 points or -2.02% on volume of $5.31 billion to end Monday at 5207.7.
Read MoreNote: This article was originally published on Oliver’s Insights on 24 November 2014 and has been republished with permission from the original author.
Read MoreThe Australian dollar held up, but the local sharemarket is heading for a fall after global oil prices fell to new four year lows this morning in the wake of the decision by OPEC to stick to the oil-producer group’s existing output target of 30 million barrels of oil a day.
Read MoreJobs search website group SEEK (SEK) said yesterday that while it had been enjoying better-than-expected trading conditions so far this financial year, the improvement wasn’t enough to cause it to lift earnings guidance for 2014-15.
Read MoreElectronics retailer Dick Smith (DSH) says it is on track to lift first half sales by about 10%, thanks to new store openings and solid sales of some new products.
Read MoreAt a time when falling oil prices are forcing companies to cutback, lower costs and abandon projects, and falling iron ore and coal prices are forcing companies in those industries into similar action, two announcements yesterday from Woodside (WPL) and Rio Tinto (RIO) respectively will raise a few eyebrows because they announced new multi-million dollar projects.
Read MoreMuch to the surprise of everyone, business investment was stronger in the September quarter, rising rather than falling.
Read MoreEvery sector lost ground, with the energy sector by far the worst performer, plunging 7.6% on falling oil prices.
Read MoreThe S&P/ASX200 lost 87.9 points or -1.65% on volume of $6 billion, closing at 5313.
Read MoreThe head of Russian oil group, Rosneft reckons global oil prices will drop under $US60 a barrel in early 2015 – the way prices are going it could happen before the end of this year – but there will be an awful lot of nervous oil company boards, managements and shareholders hoping that doesn’t happen – especially in the buoyant US shale oil sector.
Read MoreReaders will be familiar with headlines over the last couple of years concerning banks in Europe manipulating Libor. Recently the story has taken on a far more local flavour as ANZ revealed that seven traders caught up in investigations by the ASIC into possible manipulation of the Bank Bill Swap Rate had stepped down. ANZ told the ASX after the market had closed that it was “continuing to co-operate” with an ASIC investigation into historical trading in the BBSW market.
Read MoreA decision by OPEC members overnight not to cut production quotas is hurting local energy stocks today.
Read MoreHealthcare, Financial and Telecommunications sectors trading higher today.
Read MoreMore bad news from Ausdrill (ASL) about its revenue saw the share price under pressure again yesterday.
Read MoreWebjet (WEB) shares rose, then fell yesterday as investors were slow to realise the importance of comments in an investor day briefing made prior to the annual meeting held later in the morning.
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