The Week Ahead
The week ahead: Aussie inflation, US jobs and profits, European production, Japanese exports
Read MoreThe week ahead: Aussie inflation, US jobs and profits, European production, Japanese exports
Read MoreWe saw records, new multi-year highs and solid gains all round in many equity markets last week as the US debt and budget crisis passed. China produced solid third quarter growth data and the chances of the US Federal Reserve starting to cut its huge spending program receded a bit further into 2014.
Read MoreWashington has cooled, but there are still a number of issues/situations/factors to be aware of as the markets continue on their current bullish trajectories.
Read MoreThe Pluto LNG project is proving to be a bit of a worry for Woodside Petroleum (WPL).
Read MoreShares in building products group Boral (BLD) jumped sharply yesterday after it did a deal to lessen its exposure to the US and European home building industries.
Read MoreThe good news from the iron ore sector continued yesterday with Fortescue Metals Group (FMG) revealing a solid rise in production and exports in the three months to June, and an end to mooted asset sales, thanks to a surge of cash in the bank.
Read MoreWell, we know about the poor ratings, and this week we got an acknowledgement that the banks won’t lend it money, without guarantees by big shareholders.
Read MoreIf the Washington deal in the US Senate to end the budget and debt ceiling impasse is passed by the Republican-dominated House of Representatives in the next 24 hours, then the crisis will be over until early 2014.
Read MoreFletcher Building’s (FBU) AGM was told yesterday that the strong New Zealand dollar is proving a significant headwind, but it expects increased construction activity across the country to boost its 2014 operating earnings.
Read MoreAhead of next Monday’s AGM in Sydney, Brambles (BXB) told the market yesterday that sales revenue from its pallet pooling-solutions operations rose 7% to $US1.312 billion in the first quarter due in part to its acquisition of container company Pallecon late last year.
Read MoreShares in CSL closed up 1.3% yesterday at $66.26 as shareholders showed their appreciation of the company’s 7th share buyback which could total up to $950 million.
Read MoreCochlear (COH) is the Oz Minerals (OZL) of the industrial boards? Perish the thought, but it has been a rough few months for both companies in 2013 with both producing earnings downgrades and weak outlook statements.
Read MoreRio Tinto (RIO) has confirmed the strength of the global iron ore market (which was confirmed by the record Chinese imports last month of 74.85 million tonnes) by revealing record iron ore production from its huge mines in the Pilbara region of Western Australia.
Read MoreTelstra (TLS) shares joined the general rise yesterday as investors tried to anticipate a settling of the US budget and debt ceiling impasse.
Read MoreRetail is a tough business at present, but Sydney-based furniture importer and seller Nick Scali Limited (NCK) is bucking that trend.
Read MoreBe wary of the coming deal on US budget, debt impasse – it will mislead
Read MoreThe Bega Cheese (BGA) bid for rival Warrnambool Cheese and Butter (WCB) might not be fair, as an independent expert’s report claimed yesterday, nor is Bega willing for the moment to sweeten its offer. But despite these negatives, the value of the offer continues to rise.
Read MoreOn balance, it was probably only a matter of time before Oz Minerals (OZL) finally revealed some bad news in a quarterly production and exploration update this year. There’s been enough hints so far in 2013 that not all was right at the miner in a succession of statements, from previous quarterly reports to the AGM and then to the half year earnings release.
Read MoreThe US debt and budget impasse remains just as confused this morning, as it was a week ago and those signs late in the week of progress in resolving them seem to have gone for the moment.
Read MoreThe real story from the September trade data from China has been the strength of imports – especially iron ore, oil and copper – which all rose sharply in the month as the economy recovered.
Read MoreThis week: US debt ceiling, RBA minutes, US earnings, Chinese data to dominate
Read MoreStandby for a big day on the Australian stockmarket and markets through Asia after a relief rally swept Wall Street overnight.
Read MoreTake the September jobs report and many of the reactions to it with a great big grain of salt or, better still, take a cold shower if you think it’s good news.
Read MoreThe Bank of Queensland (BOQ) has returned to profits for the 2012-13 year, putting behind it the tough 2011-12 when it became the first Australian bank in 20 years to record a loss.
Read MoreSo you’ve decided to join the million-plus Australians who are trustees of their own self-managed super funds (SMSFs).
Read MoreInvestors in local print media companies such as Fairfax Media, News Corporation, Seven West Media and APN News and Media should take note of what’s a dramatic move from major global paper, The Financial Times as it tries to build on its already highly successful foray into the online world.
Read MoreAre there signs of a solution to the US budget and debt ceiling impasse that is starting to worry markets around the globe?
Read MoreNewcrest Mining’s (NCM) $6 billion plus of write-downs and losses this year saw a board and management clean out yesterday as the company seeks to put behind it years of dud investments, missed production guidance and falling profits.
Read MoreGlobal resources engineering group, WorleyParsons of Perth, surprised the market yesterday with a semi downgrade of expectations for the coming year – certainly for the first half.
Read MoreThe US budget and debt ceiling stalemates are slowly impacting markets around the world, with Wall Street suffering another day of nerves which saw a second successive sell off.
Read MoreThe board of the Warrnambool Cheese and Butter Company (WCB) has leapt into the arms of a big Canadian dairy group in an effort to escape the clutches of local rival, Bega (BGA).
Read MoreAs was expected, business confidence jumped sharply in the wake of the September 7 election result, but that has had little impact on the still sluggish conditions locally for companies.
Read MoreShareholders in energy explorer Karoon Gas (KAR) know well the roller-coaster ride of such stocks on the Australian Securities Exchange (ASX).
Read MoreThe US Budget shutdown is fast becoming a debt ceiling brawl and US default fears are on the rise.
Read MoreA truncated week for most of Australia won’t detract from impact of the most important domestic bit of news – the September employment report on Thursday.
Read MoreMixed news for Australia and Australian exporters, such as miners, from the World Bank’s latest survey of the East Asian region, which contains some of our major export markets, led by China.
Read MoreShares in Leighton Holdings (LEI) plunged more than 10% or around $2 yesterday in the wake of the bribery and corruption allegations published in Fairfax Media newspapers.
Read MoreDespite owning one of the world’s biggest open cut nickel mines in Brazil, Mirabela Nickel (MBN) is struggling to remain afloat as it faces the loss of a major customer and has cash draining out of the business daily, while the company’s share price has plunged to new lows where it is pricing the company as a bust about to happen.
Read MoreDay three of the US shutdown and slowly but surely the markets are starting to quiver as the debt ceiling deadline comes into focus.
Read MoreMining giant Rio Tinto (RIO) continues to make progress in its difficult talks with the Mongolian government on its hugely expensive Oyu Tolgoi copper and gold mine, and it’s also making rapid progress with work on its Pilbara iron ore expansion plan in Western Australia.
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