The Economy: RBA Cuts As Europe’s Woes Increase, Growth Data Out Today
A case of battening down the hatches and preparing the economy for worse to come?
Read MoreA case of battening down the hatches and preparing the economy for worse to come?
Read MoreThe market turmoil in November, ignoring the stellar final three days of the month, has had an impact on not only the performance of the market, but also on IPOs and other fund raising.
Read MoreInfrastructure services, group, UGL has concluded the purchase of UK property consultancy DTZ Holdings for 77.5 million pounds ($A118 million), in a move to expand its corporate property services and growth in China.
Read MoreAs we have just read, the Reserve Bank board meets today to look at interest rates and the state of the economy as we head into 2012.
Read MoreWorld stocks edged higher on Friday, ending the best week since March 2009 as the great relief rally of 2011 halted for a breather ahead of the decisive week ahead.
Read MoreThe flow of economic data and decisions will perhaps be the most important week this year and for the early months of next year for the global economy, and especially Europe and Australia.
Read MoreAs pointed out in the Diary (see below), the coming week is going to be crucial for the future of the euro and Europe’s slumping economy.
Read MoreRetail sales rose 0.2% in October, but building approvals slumped thanks partly to a sharp fall in private residential approvals.
Read MoreNo wonder China moved to ease monetary policy by trimming its controls on bank lending.
Read MoreAustralia’s big four banks had their credit ratings cut by a Standard & Poor’s as a result of major changes in the criteria it uses to assess risk.
Read MoreA big day for Metcash yesterday, with a reasonable and a convincing win over the ACCC on its $200 million takeover of the Franklins supermarket chain in NSW.
Read MoreThe resources boom powers on, according to the September quarter private investment data from the Australian Bureau of Statistics yesterday.
Read MoreA dramatic end to November overnight with markets in Europe and the US soaring on the news that six major central banks had moved to ease funding pressures and China made its first monetary policy easing in three years.
Read MoreThe resources boom is well and truly alive, as we saw yesterday, and will have more confirmation of the size of the boom later today.
Read MoreThe contrast couldn’t have been more telling.
Read MoreBrisbane-based Campbell Brothers expects full year net profit to be in the range of $200 million to $220 million, after reporting a 54% jump in first half profit.
Read MoreIt’s not quite clear why Qantas shares rose strongly yesterday.
Read MoreIt was good timing for Rio Tinto to hold its quarterly investor update yesterday; the bounce on markets on reports of moves to try and fix the eurozone crisis offset an escalation in warnings from the company about the impact of the volatility on customer demand and sales.
Read MoreSo is this the "Big Bazooka" than many have said that Europe needs to convince sceptical markets that the eurozone crisis can be controlled and conquered?
Read MoreCould this be the crucial week for the euro, the eurozone and financial stability in Europe and the rest of the global economy?
Read MoreAccording to Bloomberg, last week was the worst Thanksgiving week for US markets since 1932, when the Depression deepening after a string of bank collapses sent economies around the world plunging into a deep freeze.
Read MoreA train crash sort of week ahead?
Read MoreWhat a contrast.
Read MoreIn late October there seemed to be room for optimism that Europe was going to head off a worst case blow up and that a “comprehensive” plan would be in place by the early November G20 leaders’ forum.
Read MoreAs global liquidity dries up, gold and silver prices remain under downward pressure from investors selling off positions to go to cash and head for safety in the US dollar.
Read MoreA notable feature of the recent trading on the Australian stock market has been the dramatic drop in daily turnover. Whether this is important or not for the market or for us as investors, is subject to much debate. The turnover is low compared to what? Were previous periods normal? Does mindless turnover really matter and if you are not a seller should you care?
Read MoreMarkets were rattled yesterday by the news that Chinese manufacturing activity contracted sharply this month to a 32-month low.
Read MoreGlobal and Chinese crude steel production slowed in October to their lowest levels in 10 months, figures from the World Steel Association this week confirmed.
Read MoreProperty developer Stockland says it’s still on track to match 2010-11 earnings per share figures, despite a slow start to the current financial year.
Read MoreBlueScope Steel, which will get hundreds of millions of dollars money under the carbon tax in compensation and free permits for the steel industry, has surprised investors by launching an ”accelerated "fund raising to cut debt.
Read MoreThe World Bank is more optimistic about China’s prospects than some of its putative leaders.
Read MoreUS and European stocks were hammered on Monday, after Moody’s Investors Service issued a dire warning on French bonds, and Asian markets were dampened by pessimistic remarks made by a high-ranking Chinese official.
Read MoreAn unexpected trade deficit in October for Japan, thanks to a surge in expensive energy imports, such as LNG, while exports fell for the first time in three months.
Read MoreOil grabbed the attention last week in New York with the first move above the $US100 a barrel mark for the first time in four months
Read MoreOnce again it’s going to be events in Europe, plus the US which will dominate financial markets this week.
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