TPI’s Truck Grounding Forces H1 Earnings Downgrade
TransPacific Industries (TPI) shares fell more than 3% yesterday (in a very weak market) after the waste operator revealed what was in effct an earnings downgrade.
Read MoreTransPacific Industries (TPI) shares fell more than 3% yesterday (in a very weak market) after the waste operator revealed what was in effct an earnings downgrade.
Read MoreGains in the Materials and Energy sectors prevented the ASX 200 from falling further.
Read MoreMyth #6. There is too long to wait until maturity
Read MoreThe ASX 200 is down 0.8% following a mixed lead from Wall Street and heavy losses in Europe.
Read MoreThe ASX 200 is down 1%, erasing all of yesterday’s gains. The energy sector has dropped 3.8%, after the price of oil fell to fresh five-year lows.
Read MoreThe local market is tipped to open weaker, following falls in the US and Europe. Energy stocks are likely to come under pressure, after oil fell to a 5yr low.
Read MoreMonday’s solid bank-driven gain will be reversed on the ASX today with the futures market pointing to a 30 point – plus drop in the wake of another night of losses for oil prices.
Read MoreAn unenthusiastic reaction from investors to yet more news of staff cuts and more cost reductions from Coca Cola Amatil (CCL).
Qantas (QAN) shares went for another big run yesterday – for the second time in a month – when the airline confirmed previous comments from senior management that it would return to an operating profit in the current half year.
Read MoreJapan heads into its snap election this Sunday with the economy in a deeper recession than previously thought – but don’t tell voters who will overwhelmingly re-elect Prime Minister Abe; or the stockmarket, which regained the 18,000 point mark yesterday for the first time since the middle of 2007.
Read MoreMore worrying news from China in the details of the country’s November trade report.
Read MoreLosses continued in afternoon trade with the ASX 200 finishing down 1.7%, near the day’s lows.
Read MoreLower oil prices weighed on the market today with the XJO giving up 90 points or -1.70% on volume of $6.02 billion to end the session at 5282.7.
Read MoreThe ASX200 added 37.4 points or +0.70% on volume of $3.66 billion to end the session at 5372.7.
Read MoreBanks and their capital needs occupied the headline and reports on the Murray Committee’s investigation into the financial system, but there was a lot more in the report than that.
Read MoreFor all the nervousness in western markets, especially Australia, about oil and other energy shares, the market to increasingly keep a close eye on is China, where the volatility we told you about last week, shows no sign of ending.
Read MoreMarkets in Australia this week will be dominated by the reaction to the release yesterday of the Financial System Inquiry by David Murray, along with the November jobs data on Thursday, but for markets here and around the world, the really big news will be the monthly economic data from China.
Read MoreCommodity prices – especially oil – remain the big driver of activity and sentiment in financial markets, and a state of glum acceptance that lower oil prices are here to stay for quite a while, is now taking hold among investors.
Read MoreThe market was held back by losses in the materials sector. Health Care stocks were the best performers, with the sector gaining 2.2%.
Read MoreThe ASX 200 is up 1% following a strong lead from Wall Street on Friday.
Read MoreDespite the recent recovery in retail sales, with October’s rise coming in at a surprisingly better than expected 0.4% yesterday, not all retailers are feeling the benefit.
Read MoreAnd contrasting with Vocation’s self-inflicted woes, was the much awaited trading update from childcare operator (the other end of the education chain from Vocation, if you think about it) G8 Education (GEM) which told the ASX yesterday it will increase the quarterly dividend to be paid in January of next year and has told investors audited earnings for the financial year to 31 December are expected to exceed the average broker forecasts.
Read MoreShares in education and training group Vocation (VET) plunged by more than 73% yesterday after the company more than halved its full year earnings estimate.
Read MoreNew four year lows for the Aussie dollar overnight as the currency’s slow decline continues, much to the relief of the Reserve Bank and despite some reasonable retail sales and trade account figures for October.
Read MoreInvestors took a deep breath and returned to Santos (STO) shares yesterday afternoon after a sell off in the morning shattered confidence in the stock for a while and sent the shares to a 10-year low.
Read MoreThe market was weighed down by heavy falls in the energy, materials and banking sectors, ending a three-session rally.
Read MoreS&P/ASX200 lost 33.5 points or -0.63% on volume of $4.90 billion, closing at 5335.3.
Read MoreIt’s not a casualty of the iron ore wars currently being waged on high cost producers here and in countries like China by BHP Billiton, Rio Tinto and Vale.
Read MoreDon’t expect the pressure on world oil prices, and therefore on the share prices of a host of companies larger and small, to slacken anytime soon in 2015.
Read MoreTerm deposit rates in Australia have been grinding lower all of this year and with rate cuts now being priced back into the market from June 2015 to early 2016, TD rates are coming under further pressure. Indeed, in recent weeks Alliance Bernstein said, “We could easily see a couple of rate cuts” and did not rule out a cash rate of around 2.0% by the end of 2015, from the current 2.5%. While no one has a crystal ball, the market believes that an imminent rate hike is unlikely but the likelihood is that rates will go down rather than up.
Read MoreThe ASX 200 is being held back by heavy losses in the energy and materials sectors.
Read MoreSoaring November auction volumes favouring buyers!
Read MoreASX 200 buoyed by gains in the materials and financial sectors. The energy sector is the biggest drag, down 1.1%.
Read MoreMarkets will be watching meetings of the European Central Bank and the Bank of England tonight for further evidence of support, especially the ECB which is said to be poised to open its wallet further and expand its easing program.
Read MoreTen Network (TEN) shares fell to 22.5 cents yesterday, a fall of 6.25% on the day, and nearly 14% since November 26.
Read MoreNormally when a company, especially a retailer, has cast doubt on earnings forecasts, investors go into a tizz and sell off the shares.
Read MoreThe dollar fell, then recovered a little, the stockmarket powered on in its second day of gains and news that the Australian economy grew at a sluggish 0.3% in the September quarter seasonally adjusted, seemed to excite the media and the politicians more than anyone else yesterday.
Read MoreD-Day today for two companies in the listed education sector.
Read MoreS&P/ASX200 gained 47 points or +0.88% on volume of $5.20 billion, closing at 5368.8.
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