Markets 1: A Miserable Week….This Week?
Stockmarkets bounced in late trading Friday, holding out the hope for a better start this week.
Read MoreStockmarkets bounced in late trading Friday, holding out the hope for a better start this week.
Read MoreCommodity prices stabilised on Friday after the worst week for over a year.
Read MoreGiven the rising level of financial stress and uncertainty coming from Europe (and to a lesser extent China) in recent weeks, it probably comes as no real surprise that big global and regional investors have gone right off both areas as investment destinations.
Read MoreBlame Germany and the stumbling Chancellor, Angela Merkel, who looks increasingly out of her depth in running the world’s 4th biggest economy, and more importantly, the biggest economy in the world’s biggest economic region, Europe.
Read MoreIt’s not only Australia that has tied its economic fortunes to China.
Read MoreA curious mixture of give and take and rising debt in the 2010-11 New Zealand budget.
Read MoreThe first serious report on the May 6 ‘Flash Crash’ on Wall Street hasn’t produced a ‘smoking gun’ as many investors hope, instead it has listed what is thought didn’t happen, and a list of factors that probably helped create the brief crash.
Read MoreTroubled Melbourne-based whitegoods retailer, Clive Peeters, has been placed into administration.
Read MoreDavid Jones was the latest to feel the slowdown in retailing in the three month period to April 24.
Read MoreConsumer sentiment dropped in May for the second month in a row and by the biggest amount since October 2008 when the credit crunch and recession were intensifying.
Read MoreBrisbane-based laboratory services and chemicals group, Campbell Brothers, is back on the takeover trail in its preferred area, analytics.
Read MoreHome lending may be slowing, but Stockland says it’s on track to sell a record number of homes in the June 30, 2010 financial year, and it remains confident of meeting earnings guidance.
Read MoreOpposition from a major shareholder has sunk the revised bid for Macarthur Coal from US giant, Peabody Energy Corporation.
Read MoreA fortnight is a long time these days in economics and monetary policy when the euro is wobbling and Europe’s salvation seems to be doubted by investors around the world.
Read MoreShareholders in takeover target AXA Asia Pacific could be excused for feeling a little confused after yesterday’s annual meeting in Melbourne.
Read MoreMetal basher and rail products maker, Bradken Ltd, has revealed an acquisition in Canada, lifted 2010 guidance and a $50 million share placement.
Read MoreAs expected, securities in toll road group, Transurban fell sharply yesterday after a big shareholder, Ontario Teachers Pension Plan Board solid its 13% stake.
Read MoreIt is significant that in yesterday’s very weak market, investors found time to read and appreciate the signs that the embattled Elders seems to be making its way out of the mire.
Read MoreInvestors were scared, fearful and jumping at shadows yesterday in many sectors.
Read MoreShares in department store chain, Myer, took a pounding yesterday, hitting a new all time low after it unveiled what was seen as a lacklustre sales update.
Read MoreBHP Billiton, the world’s largest miner, said yesterday the federal government’s proposed resources super profits tax must apply only to new investments and any tax reform should not disadvantage the resources industry relative to other industries.
Read MoreHopefully the big falls on our market may ease today after wall Street came back from a 184 point loss to close up 5.7 points.
Read MoreA quieter week ahead, but the continuing doubts about Europe and the euro will be more than enough to hold our attention.
Read MoreAs the deaths and fighting continue in Bangkok, how long will it before the country’s economy buckles under the pain?
Read MoreMarkets last week went up, down, sideways and down, or was that up, down up, down. It was certainly a very confusing week.
Read MoreDespite solid figures on the US economy last week, oil took a pounding as investors abandoned the commodity and sought safety.
Read MoreGold might have paused on Friday, but that was understandable given some of the wild stories doing the rounds during the week.
Read MoreSo has Europe been saved, or is it a reprieve for a replay in the next couple of years.
Read MoreTransurban shares fell yesterday when they relisted after the controversial share issue to help fund the Lane Cove Tunnel purchase, but they then recovered much of the ground lost in early trading.
Read MoreThe AMP hasn’t forgotten about AXA Asia Pacific, judging by the frequent references to the proposed merger at yesterday’s AGM, but it has to wait to see what its rival bidder, the NAB, does.
Read MoreIs the day of reckoning approaching for Wall Street and its big names banks and other players over the subprime mortgage boom and the marketing of all those exotically named things called derivatives?
Read MoreAustralian employment was still strong last month, even if there was a fall in hours worked for a second month in a row.
Read MoreThe weaker euro and a new record high for gold tells us there remains a lot of doubters about the viability of the rescue of the euro last weekend by the EC, the eurozone and the IMF.
Read MoreYesterday’s trading update from the Commonwealth Bank was cautiously upbeat, sort of.
Read MoreAt last an improvement in an annual result for CSR to boast about.
Read MoreAustralia’s great housing paradox continues.
Read More‘No’, said Transurban for a second time in seven months to cheap takeover approaches from two big Canadian investment funds, this time with the added firepower from a big local investor.
Read MoreIf Europe had indeed been ‘saved’ forever, then the euro would have kept climbing yesterday.
Read MoreA mixed month for the Chinese economy and therefore for Australia.
Read MoreAs Federal Treasurer Wayne Swan was handing down the 2010-11, sharemarkets were falling, the euro was wiping out all the gains from Monday, oil, copper and other commodities weakened, but gold rose and investors fretted about Chinese inflation and signs the strong economic growth in that economy had peaked.
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