Market Roundup
Global markets will start the week on a guarded note this week after catching fright late last week with the surprise sell off on Wednesday and Thursday.
Read MoreGlobal markets will start the week on a guarded note this week after catching fright late last week with the surprise sell off on Wednesday and Thursday.
Read MoreCentral banks and the mid-month updates on the health of manufacturing in a number of major economies, especially China, will dominate the coming week.
Read MoreBy the closing bell on Monday, the benchmark S&P/ASX200 index was 70.0 points, or 1.28%, lower at 5,409.0, while the broader All Ordinaries index was down 68.6 points, or 1.26%, at 5,390.3.
Read MoreConcerns about China’s economy pushed the Australian sharemarket substantially lower today. A 2% slump in the price of iron ore hurt our miners. No sectors escaped the selling.
Read MoreInvestors seem to have heeded the message of tough love and critcisim delivered at this week’s Coca Cola Amatil AGM in Sydney, especially by the company’s new CEO, Alison Watkins.
Read MoreCommSec’s Juliette Saly delivers a Mid-Session market update. Local stocks have followed Wall Street into the red.
Read MoreGrainCorp (GNC) shares edged higher yesterday despite a weak profit for the six months to March.
Read MoreThe feeling of unease drifting over financial markets, grabbed Wall Street overnight for a second trading session, sending shares lower, and bond prices soaring as investors continued to chase safety in US Treasuries.
Read MoreThere seems to be a few clouds of doubt drifting over global stockmarkets – despite the succession of records on Wall Street, new six year highs for many European markets, and the succession of new highs for our big banks in the past month or so (especially the Commonwealth this week).
Read MoreNow for the slide into negative growth in Japan this quarter, and beyond that, into a recession?
Read MoreLocal stocks followed the weak U.S. lead today. Utilities edged higer, miners slumped and banks struggled. Goodman received a sweetened takeover deal and Telstra is flirting with a 9-year high.
Read MoreAt the close on Friday, the benchmark S&P/ASX200 index was 31.8 points, or 0.58 per cent, lower at 5,479.0, while the broader All Ordinaries index was down 31.3 points, or 0.57 per cent, at 5,458.9.
Read MoreCommSec’s Juliette Saly provides a mid-session market update. Results today from Graincorp and Optus while stocks follow Wall Street into the red.
Read MoreAt the close on Thursday, the benchmark S&P/ASX200 index was 14.3 points, or 0.26 per cent, higher at 5,510.8, while the broader All Ordinaries index was up 14.3 points, or 0.26 per cent, at 5,490.2.
Read MoreLocal stocks rose for the third day. CBA hit another record high of $81.30 today, the miners fell modestly and the Australian dollar buys US93.7c.
Read MoreThe updates are in from the big four banks, and the loser is…….the National Australia Bank (NAB) whose interim profit and some details of the result were the weakest of the quartet.
Read MoreBig things seem to be happening within BHP Billiton (BHP) and Rio Tinto (RIO), judging by several announcements and speeches yesterday.
Read MoreNote: This article was originally published on Oliver’s Insights on 14 May 2014 and has been republished with permission from the original author.
Read MoreInvestment markets have taken the Federal Budget in their stride. Banks stocks going ex has weighed on the ASX200 in early trade on Wednesday.
Read MoreOrica’s (ORI) dip in interim earnings wasn’t a big deal – otherwise why would have the company lifted the dividend 3% to 40c a share?
Read MoreTerry Davis, the long time CEO of Coca-Cola Amatil (CCL), has only been gone 10 weeks or so, but it is clear his replacement Alison Watkins is keen to make some significant changes – including improving the relationship between the company and its major shareholder and supplier, The Coca-Cola Company of Atlanta.
Read MoreForget last night’s budget from Federal Treasurer, Joe Hockey and his assumptions. Focus instead on the latest Chinese economic data release and wonder if our biggest market can carry this economy for the next year.
Read MoreIt’s no wonder the shares of the Commonwealth Bank (CBA) touched a record $80 in trading on the ASX on Tuesday.
Read MoreA late rally in the aftermath of the budget and it was a very solid performance spurred on by gains in BHP Billiton Limited (A$38.30, +0.9%), Telstra Corporation Limited (A$5.28, +0.6%) and the mighty Commonwealth Bank of Australia (A$80.89, +1.2%) which looks on track to make a profit of $9bn this year and pushed to an all-time high.
Read MoreThe benchmark S&P/ASX200 index dropped 1.7 points, or 0.03 per cent, to 5,496.5. The broader All Ordinaries index shed 0.5 points, or 0.01 per cent, to 5,475.9.
Read MoreToday’s weakness had less to do with the Federal Budget and more to do with two major banks trading ex-dividend (NAB and WBC). The Australian dollar rose above US94c for the first time in a month.
Read MoreCommSec’s Juliette Saly provides a mid-session update. Local stocks are moving higher with banking and mining stocks leading the way.
Read MoreA record day on Wall Street with the Dow and the Standard & Poor’s 500 hit new record highs.
Read MoreThe local stockmarket eased and the Aussie dollar traded in a tight range ahead of tonight’s well-leaked Federal budget.
Read MoreIncitec Pivot Ltd (IPL) nudged up its interim dividend for the six months to March 31 – although it wasn’t much of a nudge, more barely a slight tap.
Read MoreCoca Cola Amatil (CCL) has gotten one bit of nasty news out of the way – the long anticipated revamp of its Australian beverages unit – the sales and profit heart of the company, containing the key portfolio of fizzy drinks, which are the company’s reason for being.
Read MoreAt the close on Tuesday, the benchmark S&P/ASX200 index was 49.8 points, or 0.91 per cent, higher at 5,498.2, while the broader All Ordinaries index was up 46.4 points, or 0.85 per cent, at 5,475.4.
Read MoreStocks show no pre budget nerves ending at session highs for the ASX 200 led by the miners.
Read MoreBudget countdown
Read MoreAfter the weakness of the previous week, last week saw a slightly better performance from the Australian market relative to what happened in some other markets offshore.
Read MoreWorld iron ore prices continue to dip towards $US100 a tonne, putting more pressure on the Australian sharemarket, the share prices of the big miners and the Australian economy.
Read MoreTomorrow’s Federal budget dominates the coming week.
Read MoreAt the close on Monday, the benchmark S&P/ASX200 index was 24.2 points, or 0.44 per cent, lower at 5,436.6, while the broader All Ordinaries index was down 24.0 points, or 0.44 per cent, at 5,418.0.
Read More