Market At Midday On Friday
The Materials and Energy sectors are rebounding, while Banking stocks are trading weaker.
Read MoreThe Materials and Energy sectors are rebounding, while Banking stocks are trading weaker.
Read MoreLast month I reviewed the top 10 tips for assessing a bond. This article goes one step further and provides some tips on assessing the company that issues the bond.
Read MoreA rebound in the value of the US dollar and another fall in the price of iron ore saw the Aussie currency hit new four year lows overnight Wednesday.
Read MoreThe building industry boom continues to lift revenues and earnings for a growing range of companies including Boral, Brickworks, Stockland, Mirvac and, yesterday, CSR which revealed a 48% jump in half year profit to $68.4 million.
Read MoreThe Commonwealth Bank’s (CBA) first-quarter earnings grew almost 10% to $2.3 billion, buoyed by customer growth and lower bad debts.
Read MoreTransfield’s upgrade shows there’s a bit of earnings go forward from the service sector companies which have been hammered by the downturn in resources, especially iron ore, copper, gold, coal and now oil.
Read MoreOh, there must be a takeover rejection in the air.
Read MoreThe local market finished the session near the day’s lows, held down by losses in the financial sector.
Read MoreThe ASX200 lost 2 points or -0.04% on volume of $3.89 billion on Thursday to close at 5517.9.
Read MoreAussie dollar boosted by better than expected employment data.
Read MoreEnergy stocks under pressure as oil prices continue to tumble.
Read MoreAnother rough night for iron ore and oil which means downward pressure on the prices of local energy and iron or producers, led by Woodside and BHP Billiton.
Read MoreThe release of the Apple iPhone 6 sent Australian retail sales soaring in September, with the Australian Bureau of Statistics reporting a stronger than expected 1.2% rise in the month, seasonally adjusted.
Read MoreShares in Woolworths (WOW) took another pounding yesterday as investors continued to reassess the form of the country’s biggest retailer in the wake of the disappointing first quarter sales performance.
Read MoreThe Reserve Bank sat on its hands for yet another month, leaving the cash rate steady at 2.5%, despite the first evidence emerging for stronger than expected September quarter economic growth.
Read MoreEnergy stocks worst performing sector losing 1.77% on falling oil prices.
Read MoreS&P/ASX200 lost 2 points or -0.04% on volume of $3.89 billion, closing at 5517.9.
Read MoreOil was whacked lower in late trading in European and US trading after Saudi Arabia again surprised by cutting prices for US customers.
Read MoreAnd while Woolies was surprising on the downside, logistics giant Brambles (BXB) was revealing more pleasant news for its shareholders on the upside with an upgrade to its earnings guidance for 2014-15.
Read MoreMomentum in the sales battle between Coles and Woolies moved firmly in favour of Coles after Woolworths (WOW) reported a surprisingly weak set of first quarter figures yesterday.
Read MoreNothing in yesterday’s flow of economic data to make the Reserve Bank board think about changing the current 2.5% level for the bank’s cash rate.
Read MoreWestpac (WBC) wrapped up the bank reporting season yesterday and a muted end was had by all in contrast to the strong gains seen around the interim reports in May, and a year ago for the 2012-13 full year figures.
Read MoreThe local market managed to finish stronger after dipping in and out of negative territory. Eight out of 10 sectors closed firmer.
Read MoreThe S&P/ASX200 gained 13 points or +0.24% on volume of $3.25 billion, closing at 5519.9.
Read MoreStrong October ahead of soaring November auction volumes
Read MoreGains in the Materials and Consumer Discretionary sectors offsetting losses in the Energy and Consumer Staples sectors.
Read MoreWestpac (WBC) lifted cash earnings 8% to a record $7.628 billion for the year to September and has boosted final dividend two cents a share to 92 cents.
Read MoreWhat the Fed took away, the Bank of Japan gave back to the punchbowl in what was an astounding end to a big week for global finance.
Read MoreGold was whacked for a second successive day and took a hard fall on Friday around the world as investors abandoned the metal in the wake of the end of the Fed huge easing campaign, and then the sudden expansion of the similar spending program by the Bank of Japan, at one point trading at levels not seen since 2010, as the dollar surged in the wake of the surprise move from the Bank of Japan to expand its easing program.
Read MoreFrom a horse race in Melbourne tomorrow, to the mid-term polls in the US, a central bank meeting here and offshore, and the key monthly jobs data in America and in Australia, it will be one of those enormous weeks for the Australian and world economies.
Read MoreFortescue Metals shares slip 4.3% while Newcrest Mining drops 7.6%. .
Read MoreThe S&P/ASX200 lost 19.7 points or -0.36% on volume of $4.17 billion to finish at 5506.9 on Monday.
Read MoreLocal market held back by losses in consumer staples and materials sectors.
Read MoreLocal shares up for the 3rd day. ASX200 +0.6% today & +1.7% this week. Banks +0.6%, miners +0.4% & gold stocks falling most.
Read MoreColes’ supermarkets business has set a high bar for rival Woolworths (WOW) to match with a noticeable quickening in the rate of top line and same store sales growth in the first quarter of the 2014-15 financial year.
Read MoreThere was a cautious market reaction yesterday to the news that The Coca-Cola Company will invest $US500 million ($A570 million) in Coca-Cola Amatil’s (CCL) Indonesia business, in return for a 29.4% equity stake, news that saw the shares rise 4.5% to $9.07.
Read MoreFlight Centre (FLT) is another major company which says it’s banking on a stronger second half to lift earnings for the full 2014-15 financial year.
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