Japanese Data Illustrates A Tattered Economy
The plan by Japanese Prime Minister Abe to boost his country’s economy and end deflation is looking increasingly shaky in the wake of another huge annual trade deficit.
Read MoreThe plan by Japanese Prime Minister Abe to boost his country’s economy and end deflation is looking increasingly shaky in the wake of another huge annual trade deficit.
Read MoreShares in Australian Pharmaceutical Industries (API) dipped 1.4% in yesterday’s stronger market as investors reassessed last Thursday’s announcement of big write downs in loan assets, but improved trading conditions.
Read MoreOur market is looking for another solid start to trading after its post Easter jump yesterday.
Read MoreCommSec’s Juliette Saly provides an afternoon market update. Stocks have closed at near 6 year highs.
Last week’s rebound on Wall Street saw the recent bearishness in Nasdaq stocks, especially biotechs replaced by a renewed bullishness – but for how long?
Read MoreGold continues to face an uncertain outlook, according to the latest survey from Reuters/GFMS, a forecast that goes some way to explaining the thinking behind the attempts by Newmont and Barrick to merge to produce the world’s biggest gold miner in a $US33 billion deal.
Read MoreA very short week in Australia – just three trading days for markets and business and one that will be easily dominated by the release of the March quarter consumer price index tomorrow.
Read MoreStocks have kicked off this shortened trading week a touch higher. Westpac and ANZ broke through record highs, while the miners lost ground. Petrol prices recorded their biggest weekly gains in four-months.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Stocks have opened higher after the four day Easter break.
Read MoreBHP Billiton (BHP) and Rio Tinto (RIO) were upbeat about the prospects for their copper businesses this week – forecasting rising production over the rest of 2014 and into 2015.
Read MoreMore good news for our iron ore exporters.
Read MoreLocal shares are firmer for the third straight day, with the ASX200 and All Ordinaries both trading above 5400pts. Oil and gas producers Woodside and Santos are mixed following production reports while newly listed Japara is up by more tha 20%.
Read MoreThe Aussie dollar jumped after China GDP figures for the March quarter came in slightly ahead of expectations around lunchtime yesterday.
Read MoreAt Fortescue (FMG), yes the company missed those market estimates (because of the wet weather, a normal seasonal event in the Pilbara) but the tonnage shipped was still a record.
Read MoreOnce again media and some investment analysts got the results of leading iron ore groups wrong because their estimates were too optimistic, or they have forgotten the way to compare quarterly results.
Read MoreShares in McAleese Group (MCS), owner of the troubled Cootes Transport business, were hammered yesterday after it issued its second profit warning in two months.
Read MoreNote: This article was originally published on Oliver’s Insights on 16 April 2014 and has been republished with permission from the original author.
Read MoreLocal stocks are higher for the second day. BHP Billiton recorded a 23% rise in iron ore production ove the past year; however its shares are slightly lower. Chinese economic news in focus. Dollar still below US94c.
Read MoreA year ago yesterday, gold prices fell 9.3% in their worst ever one day fall.
Read MoreThe Reserve Bank has bewailed the impact of the stubbornly high Australian dollar on economic growth, which is helping make the transition from the mining investment boom much harder than it should be.
Read MoreNufarm (NUF) has revealed the results of the second prong of its company wide review – an examination of its New Zealand business – with the decision to close its manufacturing facility at Otahuhu in Auckland in New Zealand which will cost 59 jobs.
Read MoreShares in Coca Cola Amatil (CCL) yesterday staged a mini-recovery, despite ratings agency Standard and Poor’s downgrading the company’s credit rating in the wake of last week’s downgrade of 2014 earnings.
Read MoreInvestors were strangely neutral about the solid rise in iron ore production and sales from Rio Tinto (RIO) in the three months to March.
Read MoreThe ASX200 ended close to session highs on Wednesday helped by Chinese GDP figures. Every sector measured by the ASX ended higher.
Read MoreAt 32 cents, which capitalises the company at $55 million, it is fair to say that Smartpay has not made a huge impact on the Australian stock market yet. But this is a stock worth watching, as a leader in the growing cashless payments space.
Read MoreLocal stocks have started the session on a solid footing thanks to a rebound for US stocks overnight. Mining stocks are in focus on the back of production reports.
Read MoreWas Monday’s fall one we didn’t have to have?
Read MoreMore pressure on shares in Coca Cola Amatil (CCL) in yesterday’s widespread sell-off – although the losses were not as horrendous as seen last Friday in the wake of the surprise profit warning and restructuring announcement.
Read MoreWe can expect losses today from drugs wholesaler and pharmacies operator Australian Pharmaceutical Industries (API) which were placed in a trading halt yesterday ahead of an announcement by the company on the carrying value of its assets.
Read MoreLocal stocks ended with a solid gain although off the best levels of the session on Tuesday.
Read MoreLocal stocks are slipping for the second trading session. Defensive telcos are higher while all other sectors are slipping. No major (market moving) economic news today. Public holidays over next fortnight could keep volume a little light.
Read MoreThe big test this week of the bearishness or otherwise among investors about China’s economy will come with the release of the March quarter GDP data, plus figures on industrial production, investment and retail sales.
Read MoreBelieve it or not, the Australian stockmarket outperformed most of the world’s major exchanges in last week’s slide, bar the Chinese market.
Read MoreThe coming holiday-shortened week will be dominated by China’s March quarter growth (see separate story), US first quarter earnings, the Reserve Bank minutes in Australia, the start of two weeks of almost continual holidays and the stockmarket sell off (see separate report).
Read MoreThe All Ordinaries Index (XAO) slumped 1.29 per cent; finishing below 5400 points for the first time in two weeks and recording its biggest daily tumble in a month. Investors are likely to remain a little quiet this week due to the shortened Easter trading week.
Read MoreCommSec’s Juliette Saly provides a mid-session market update. Stocks have followed Wall St into the red, while Coca-Cola Amatil has delivered a profit warning.
Read MoreNasdaq’s blues have returned, dragging down the US market for a third day in a week.
Read MoreDon’t focus on the weak 6.6% year on year fall in Chinese exports in March to $US170.11 billion.
Read More