Market At Midday: Early Gains Trimmed
Poor news from Goodman Fielder (GFF) and Noni-B (NBL) has seen early gains for the ASX 200 trimmed.
Read MorePoor news from Goodman Fielder (GFF) and Noni-B (NBL) has seen early gains for the ASX 200 trimmed.
Read MoreBHP Billiton (BHP) has all but confirmed it is looking at slimming down and spinning off weak or non-essential assets in alumina, aluminium, manganese, thermal coal, bauxite and nickel with a value of up to $A20 billion.
Read MoreThe Aussie dollar was buffeted yesterday by buying pressure in the wake of the expected decision by the Reserve Bank to leave interest rates on hold – and the weak report on part of China’s huge manufacturing sector from HSBC Markit.
Read MoreMixed news from Asia in a mix of start of month and quarter reports from Japan, China, Indonesia, India, South Korea and Taiwan and Australia.
Read MoreCommSec’s Juliette Saly provides an afternoon financial market update. BHP Billiton remains in focus on demerger speculation.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. The RBA meets today, with rates tipped to remain on hold.
Read MoreA mixed to surprisingly solid quarter for many commodities – ignoring the weakness in gold and copper’s woes – with agricultural products, such as the grains, sugar and coffee the standout performers.
Read MoreMost sharemarkets ended March on an up note in what some analysts said was a bout of window dressing (designed to lift prices and indexes and produce more fees for managers).
Read MoreAs expected, toy wholesaler Funtastic (FUN) has produced a loss and omitted an interim dividend after yet another stumble.
Read MoreMore evidence yesterday that the economy is starting to tick over a bit more quickly.
Read MoreThe Australian sharemarket had an eventful session. BHP was a standout following demerger speculation, the RBA kept rates on hold and Chinese data was mixed.
Read MoreLocal stocks have started the new trading week with solid gains, every sector measured by the ASX is trading higher at lunchtime.
Read MoreAnother big data week for Australia, and a number of other economies offshore with the monthly surveys of manufacturing and then services, a couple of central bank meetings, and to cap off the week, the all important US jobs report on Friday night – this time its for March.
Read MoreIt’s extremely rare that a book can unsettle Wall Street.
Read MoreAnother strong week for the Australian dollar, which hit a series of new four month highs in offshore trading on Friday night and early Saturday, our time.
Read MoreWhile markets were mostly mixed to slightly stronger last week, the US Nasdaq market and its plethora of tech stocks fell sharply, especially biotechs.
Read MoreThe Australian sharemarket rose by 0.5% today; however failed to maintain the 0.8% gains recorded earlier in day. Lending and new home sales rose while inflation remains contained.
Read MoreSoul Pattinson (SOL) also reported yesterday and revealed a net profit of $73.7 million for the six months to January 31, down slightly from $74.3 million in the same period a year earlier.
Read MoreFirst it was Boral (BLD) with its interim profit, revealing a sharp improvement as the local building boom kicked in – next week it will be CSR no doubt reporting signs of life.
Read MoreLogistics group Qube Holdings (QUB), chaired by former Patricks boss Chris Corrigan, continues to expand and is now eyeing the east coast grain sector.
Read MoreIs there a bit of a growth story emerging from pharmacy wholesaler, Sigma Pharmaceuticals (SIP)?
Read MoreThe ASX 200 started the day just in negative territory, although it drifted higher over the afternoon on Friday to finish within sights of the best levels of the day. The ASX 200 has gained just over 0.5% in the last 5 days.
Read MoreFor the past two months our eyes and ears have been full of stories about David Jones (DJS) or Myer (MYR), the tweedledum and tweedledee of Australian department store retailing.
Read MoreNote: This article was originally published on Oliver’s Insights on 27 March 2014 and has been republished with permission from the original author.
Read MoreThe index traded down by 7 points at the low of the day and was ahead by the same amount at its best. There has been little on offer to motivate buyers or sellers alike in terms of corporate news.
Read MoreCommSec’s Juliette Saly delivers a Mid-Session update. The market is giving back Wednesday’s gains.
Read MoreThe Australian dollar jumped towards 93 US cents last night as markets ignored a fitful attempt from Reserve bank Governor, Glenn Stevens to talk the currency lower in a major speech in Hong Kong yesterday.
Read MoreYes, the Reserve Bank scolded banks and other home lenders about a drift in lending practices – but on the whole, the sector remains conservative and well placed financially, as tipped in yesterday’s email.
Read MoreShares in Nufarm (NUF) swung sharply yesterday as investors assessed the company’s solid interim report, and speculated on the damage the recent rise in the Australian dollar would do to the company which saw sales in Brazil jump sharply in the six months to the end of January.
Read MoreNew Zealand’s milk products boom has a dark side – as Fonterra (FSF), the world’s leading exporter, revealed yesterday.
Read MoreSellers returned to the ASX on Thursday with miners getting the most attention. A turnaround for banks helped the market recover from session lows.
Read MoreOn Monday Yanzhou, the big Chinese coal company, pulled its mop up bid for its 78% local arm, Yancoal (YAL). While there wasn’t any explanation, the weak state of the coal industry here and in China undoubtedly played a part.
Read MoreMelbourne-based retail group, Premier Investments (PMV) has lifted interim dividend one cent a share to 20c a share after reporting a 12% rise in net profit for the first half of 2012-13.
Read MoreTPG Telecom (TPM) has upgraded its earnings guidance, beating analyst expectations for its interim profit and raised industry speculation it could make a move on rival telecommunications provider iiNet (IIN).
Read MoreThe health of Australia’s financial system will get a big tick this week in the Reserve Bank’s first report on financial stability for 2014, to be released later today.
Read MoreThe ASX 200 consolidated on its early gain gains to finish with in sight of session highs on Wednesday. Banks and Miners led the way. The government announced the sale of Medibank with an IPO expected in the 2014/15 financial year.
Read MoreBuyers have returned to the local sharemarket on Wednesday with every ASX sector trading higher at lunchtime led by the miners.
Read MoreSo much for the impact of the weak Chinese manufacturing survey yesterday – it rattled local markets briefly but the Aussie market was higher by the end of the day after starting out lower. The Aussie dollar fell around a third of a cent on the news of the slower than expected data, but then bounced sharply overnight in offshore trading to hit new 2014 highs in the US.
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