Market At Midday On Thursday
The ASX 200 is trading in negative territory after a mixed lead from Wall Street overnight. Energy stocks are suffering losses, following a fall in oil prices.
Read MoreThe ASX 200 is trading in negative territory after a mixed lead from Wall Street overnight. Energy stocks are suffering losses, following a fall in oil prices.
Read MoreThe ASX 200 is up 0.3 percent boosted by strong gains in the energy and materials sectors. The financial sector is preventing the market from making further gains – down 0.2 percent.
Read MoreUS sharemarkets posted modest gains on Tuesday. Investors watched developments in Greece and Ukraine and awaited Wednesday’s report from the Federal Reserve.
Read MoreAnd still in the consumer space and the consumer electronics retailer Dick Smith (DSH) is confident of meeting full targets for a 10% rise in sales, despite a moderate performance in the six months to December.
Read MoreAccording to the market, Pacific Brands (PBG) is a company going nowhere – a feeling confirmed by yet another dull interim report yesterday which had no real rays of light for long-patient shareholders.
Read More‘Phew’ said investors yesterday when faded blue chip Coca Cola Amatil (CCL) produced no more surprises in its 2014 profit report.
Read MoreThe ageing of jobs and education search group Seek (SEK), from hot online growth stock, to mature online giant continued yesterday when the market turned its back on what seems to have been a reasonable interim result.
Read MoreJunior iron ore miner Mount Gibson Iron (MGX) yesterday owned up to a loss of $870 million for the December half year.
Read MoreForget the interim results for Fortescue Metals Group (FMG) delivered yesterday and the claimed ‘beat’ on market forecasts.
Read MoreThe ASX 200 has climbed higher in afternoon trade, helped by a recovery in banking stocks. Every sector finished higher, led by the Industrials which was boosted by at near 50% jump in Toll Holdings shares following its Japan Post takeover news.
Read MoreA quiet but important regulatory change happened last month when APRA’s new Liquidity Coverage Ratio took effect, making it far more expensive for financial institutions to offer investors deposits of less than 30 days.
Read MoreThe ASX 200 is off 0.3 percent amid heavy falls in the financial sector. ANZ shares are being sold off after disappointing investors with its quarterly profit result, while CBA shares are trading ex-dividend.
Read MoreEuropean shares eased on Monday. Investors remained cautious as initial commentary from a Euro zone finance ministers meeting in Brussels was less than optimistic on finding a solution to the looming Greek debt deadline.
Read MoreInvestors will look to updates this morning from Macquarie Group (MQG) and the ANZ Bank (ANZ) for further evidence that the solid performance of the country’s banks is continuing in the current reporting season.
Read MoreAurizon (AZJ) has lifted its half year profit thanks to cost-cutting efforts across its rail network and it is looking to another bout of cost cutting to offset the continuing slump in the coal mining and export industry.
Read MoreJapan managed to pull out of recession in the last quarter of last year, but it was a far from convincing rebound – for Australia it means our two biggest export markets (including China) are not enjoying solid growth at the moment and won’t be for much of 2015.
Read MoreThe ASX 200 has closed down 0.5% percent – in the middle of the day’s range. Investors were disappointed with ANZ’s first quarter profit result, while CBA shares fell 3.7 percent after going ex-dividend.
Read MoreThe ASX 200 is down 0.5% with losses in the financial sector offsetting gains in the energy and materials sectors.
Read MoreUS sharemarkets rose on Friday as investors were hopeful about Ukraine geopolitics and Greek debt and encouraged by European economic data. US economic data also didn’t point to the need for an imminent rate hike.
Read MoreShares around the world rose solidly last week thanks to optimism regarding Greece, with the Australian market hitting a six year high, while there were new all time highs touched in the US on Friday night and in Germany as well.
Read MoreA quieter week this week in Australia and offshore, with earnings reports expected to attract more attention from investors – but watch events in the eurozone connected with Greece’s debt talks starting tonight. Any breakdown could hit market confidence hard.
Read MoreOil price futures rose on Friday to end the week up 2.1% as the number of oil rigs working in the US fell for the 10th straight week.
Read MoreThe December half profit reporting season ramps up this week with 80 major companies due to report – 13 on Tuesday alone – after last week’s solid end with big results from the Commonwealth Bank and Telstra and Rio Tinto’s buyback and higher dividend.
Read MoreThe ASX 200 has climbed 0.2 percent adding to Friday’s 2.2 percent gain, helped by a recovery in the financial sector.
Read MoreAll sectors are trading higher today led by the materials sector which is surging 3.3%. Investors are cheering Rio Tinto’s FY profit result with its shares jumping almost 5%.
Read MoreTripAdvisor soared 24% a day after reporting strong earnings. According to Thompson Reuters data, 76% of S&P 500 companies have reported earnings, with 71.4% topping earnings expectations.
Read MoreTalk about conflicting messages. One the one hand Rio Tinto (RIO) has warned of further price pressures for mining, on the other it handed out the goodies to shareholders.
Read MoreIf anything, investors took some heart from yesterday’s surprise statement from Santos (STO) about asset impairments totalling $2.35 billion (before tax).
Read MoreThere were no ‘smoking’ guns or obvious pointers about the health of the jobs market and the economy in January’s employment report yesterday – except to say it remains as confused and uncertain as the Reserve Bank suggested it was when it cut interest rates at the start of the month.
Read MoreTransurban (TCL) surprised its investors by lifting its full year distribution guidance as the tollroad group delivered a first half net accounting loss of $354 million.
Read MoreThe ASX 200 has rallied 2.3 percent – ending a four-session slump. Every sector finished higher, with the mining sector the best performer, jumping 4%.
Read MoreNote: This article was originally published on Oliver’s Insights on February 12 2015 and has been republished with permission from the original author.
Read MoreA hugely-credentialed exploration company with a $15m farm-out JV with Sandfire Resources over its Bryah Basin acreage. More recently it has acquired the advanced Sinclair nickel project from Glencore.
Read MoreInvestors will be disappointed with the failure of the Telstra (TLS) board to boost interim dividend to an expected 16 cents as the telco revealed a 20% plus surge in interim net profit to $2.08 billion.
Read MoreUS sharemarkets were mixed on Wednesday as investors debated the consequences if Greece was allowed to exit the euro zone. At the close, the Dow Jones was down by almost 7 points or less than 0.1%, after being down 109 points at one stage.
Read MoreShares in Domino’s Pizza (DMP) hit a new all time high yesterday of $32.75 as they soared 20% after it has upgraded its full-year profit growth guidance and boosted final dividend.
Read MoreShares in copper and gold miner OZ Minerals (OZL) shed 7% in value yesterday after the company beat market expectations by posting its first full-year profit in two years, but surprised by omitting a dividend.
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