China’s Key Imports Remain Buoyant
China’s imports of key commodities, such as oil, copper and iron ore fell for a second month in June thanks to unfavourable prices, economic uncertainties and tighter credit.
Read MoreChina’s imports of key commodities, such as oil, copper and iron ore fell for a second month in June thanks to unfavourable prices, economic uncertainties and tighter credit.
Read MoreThere was something for everyone in the June jobs data – from the bears to the optimists – the figures contained the seeds of just about every point of view about the health of the economy.
Read MoreChinese trade data for June was better than May’s performance, according to numbers out yesterday, but the country is looking as though it will fall short of official targets for the full year.
Read MoreNo wonder CSR is upbeat on the outlook for the property and home construction sectors – the rebound engineered by the record low interest rates from the Reserve Bank have stimulated demand for the company’s key products, enabling it to emerge well placed from the weak trading conditions of the two to three previous years.
Read MoreSteven Daghlian provides an afternoon financial market update. The ASX 200 closes higher at the end of day.
Read MoreFriday saw the ASX200 gained 22.4 points or +0.41% on volume of $2 billion, closing at 5486.8.
Read MorePoseidon Nickel is an emerging nickel producer that’s pursuing redevelopment of the historic Mt Windarra nickel project in Western Australia. The company represents one of the few new emerging sulphide producers in the world.
Read MoreJuliana Roadley provides a mid-session financial market update. The aussie dollar still strong back above 94 US cents.
Read MoreScentre Group (SCG), the former Westfield Retail Trust, has raised more than $3 billion in a European debt deal in one of the largest debt raisings of its kind by an Australian company.
Read MoreGood news for New Zealand and the country’s conservative government in the run up to the national elections later this year – Fitch yesterday upgraded the country’s credit rating to AA positive, which means there’s a slight chance of a further upgrade within the next couple of years.
Read MoreOf all China’s myriad of economic concerns (according to western analysts), the country doesn’t have an inflation problem – but could it be facing a looming deflation problem?
Read MoreAfter a solid night in US Aussie market lifted from the open of trade and by the close ended higher. The All Ordinaries Index added 12.1 points to 5454.3 points with most sectors closing higher.
Read MoreBy the close on Thursday the benchmark S&P/ASX200 index had added 11.9 points, or 0.22 per cent, higher at 5,464.4.
Read MoreNote: This article was originally published on Oliver’s Insights on 9 July 2014 and has been republished with permission from the original author.
Read MoreCovered bonds are much like normal bonds except that they carry an extra level of security ‘cover’. They are generally backed both by the issuer and by a specific pool of assets. The only issuers of covered bonds Australia are the big four banks plus Suncorp-Metway. Banks have typically issued covered bonds at tenors of 5 to 10 years, compared with a norm of 3 to 5 years for their unsecured bonds.
Read MoreTom Piotrowski provides a mid-session financial market update. The ASX 200 hits session lows dropping down close to 50 points at lunch.
Read MoreThe accompanying graph tells us all about the task ahead for Ross Sudano, the new CEO of The Reject Shop (TRS).
Read MoreBig investors liked the story Aristocrat Leisure (ALL) spun them on Monday about its big planned US acquisition, even if the cost was above some early market estimates.
Read MoreAustralian business conditions continue to improve, despite the impact of the federal budget, weak trading conditions for many retailers and wholesalers and continuing job losses.
Read MoreSteven Daghlian provides an afternoon financial market update. The local market finished softer for the end of the 3rd day with the All Ords down 1% to 5442.
Read MoreS&P/ASX200 lost 58.4 points or -1.07% on volume of $3.3 billion, closing at 5452.5.
Read MoreJuliette Saly provides a mid-session financial market update. The Australian share market is being sold off in early trade.
Read MoreUS online travel-booking service Expedia will buy the struggling Wotif.com (WTF) for $703 million, a sign that the online challenge to the local travel giant Flight Centre (FLT) has all but collapsed.
Read MorePoker machine maker Aristocrat (ALL) is making a big play for growth in the huge US market by launching a $US1.3 billion bid for privately-owned American rival machine maker, Video Gaming Technologies (VGT).
Read MoreWhy is the board and management of struggling apparel and bedwares group Pacific Brands (PBG) struggling over the company’s future direction?
Read MoreBy the close on Tuesday the benchmark S&P/ASX200 index was eight points, or 0.145 per cent, lower at 5,510.9.
Read MoreSteven Daghlian provides an afternoon financial market update. The ASX 200 has had a quieter week in comparison to its last.
Read MoreThe local stock market has seen a positive start to the week with the ASX 200 up by around 10 points but a lack of news has prevented further growth. Wotif shares have risen 24% to $3.31 amidst a takeover bid by Expedia.
Read MoreAustralia’s labour force data for June dominates the local trading week, while the start of June’s monthly flow of data will dominate offshore activity, especially in Asia.
Read MoreWith the US closed on Friday night, trading volumes across the rest of the world were understandably lighter than normal, but that didn’t stop the European and Asian markets from enjoying a very solid week (like Wall Street did overnight Thursday, our time).
Read MoreManufacturing, retailing and finance companies will be up first this week as the important US second quarter profit reporting season kicks off.
Read MoreBy the bell on Monday the benchmark ASX200 index had fallen 6.1 points, or 0.11 per cent, lower at 5,518.9.
Read MoreJuliette Saly provides an afternoon financial market update.
Read MoreThe American economy continues to boost new job numbers with June recording a massive 288,000 new positions created, news which pushed the Dow above 17,000 points for the first time and a record close, and also helped the S&P 500 to yet another record as well.
Read MoreNo matter what yesterday’s data drop on the economy told us about its current strength (retail sales and building approvals, two of the major stats, plus car sales), the big message was delivered by Reserve Bank Governor, Glenn Stevens in a speech in faraway Hobart (to econometricians) half an hour earlier at 11am.
Read MoreCommonwealth Bank (CBA) shares yesterday shrugged off the bank’s first major comment on the financial planners scandal since a Federal parliamentary Committee called for a Royal Commission into the issue.
Read MoreReserve Bank Governor Glenn Stevens took aim at a number of issues in a speech to econometricians (economists whose lives are dominated by models and maths) in Hobart yesterday and in doing so revealed some of the central bank’s core policy thinking that normally doesn’t see the light of day.
Read MoreThe local sharemarket has just had its best week in four and a half months, with the All Ordinaries index (XAO) rising by approximately 1.5 per cent over the past five days. Better than expected employment growth in the U.S. gave local investors an additional push forward today.
Read MoreAt the close on Friday, the benchmark S&P/ASX200 index was 33.8 points, or 0.62 per cent, higher at 5,525.0, while the broader All Ordinaries index was up 32.3 points, or 0.59 per cent, at 5,511.8.
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