Investors Bid Expensive Macquarie Higher
Now the annual results of Macquarie Group (MQG) continue to attract attention, with the question now being, is this as good as it will get this time around, or is there something more in the tank?
Read MoreNow the annual results of Macquarie Group (MQG) continue to attract attention, with the question now being, is this as good as it will get this time around, or is there something more in the tank?
Read MoreShares in coal, iron ore and freight group Aurizon (AZJ) got spanked yesterday after it and Chinese steel giant Baosteel launched an odd $1.42 billion offer for WA iron ore hopeful Aquila Resources (AQA).
Read MoreThe Reserve Bank board meeting today will have found nothing in the economic data issued yesterday – building approvals again slowed in March, car sales were down (because of less selling days in April), but job ads rose for the 4th month in a row, lending more credence to the idea the labour market had steadied.
Read MoreBendigo and Adelaide Bank (BEN) shares are expected to resume trading today after entering a trading halt to announce a capital raising to fund the $1.7 billion purchase of Rural Finance, from the Victorian Government.
Read MoreAt the close on Tuesday the S&P/ASX200 index was 19.2 points higher at 5,481.4, while the broader All Ordinaries index was up 19.3 points at 5,462.7.
Read MoreThe Reserve Bank decided to keep rates on hold at 2.5%, Australia recorded its fourth straight trade surplus and the local sharemarket expanded for the third session.
Read MoreWestpac (WBC) this morning joined the ANZ in lifting interim profit and dividend for the six months to March 31.
Read MoreThe rising tensions in Ukraine saw gold rise on Friday night our time, but it didn’t move the value of the Aussie dollar which firmed back towards 93 USc again.
Read MoreIt’s another big week in Australia for market-changing news from the economy and business, here and from offshore.
Read MoreAt the close on Monday, the benchmark ASX200 index was 4.6 points, or 0.08%, higher at 5,443.4, while the All Ordinaries index was up 4.1 points, or 0.08%, at 5,462.2.
Read MoreCommSec’s Juliette Saly provides a market update. WBC was in focus on Monday with its 1H result while the market closed only slightly firmer.
Read MoreThe Australian market slowly sliding into the red. Banks in focus after Westpac’s (WBC) 1H14 result.
Read MoreLocal stocks flat ahead of key U.S. jobs report later this evening. Macquarie Group is in the red following earnings and Myer is slumping due to sluggish sales.
Read MoreI suppose it was to be expected, but the sell off in ANZ shares yesterday in the wake of what was mostly a positive interim profit is a bit cynical.
Read MoreThe Australian dollar remained firm off the back of contradictory reports from China of a steadying in activity in the manufacturing sector, and yet another fall in world iron ore prices.
Read MoreHere’s a bit of smartypants trading that slipped by our so far slow to move watchdogs at ASIC and the ASX with their supposedly smart market trading monitoring software.
Read MoreThe local market has closed higher after recovering from sharp dips in early trade.
Read MoreShares recovered late to rise for 3rd time this week. All Ordinaries Index still slumped by 1.4% this week. Key jobs report out tonight in the U.S. & holiday in China kept investors quiet.
Read MoreEven though Woolworths (WOW) managed to at least match Coles’s sales growth (and perhaps top it on one measure), the market was unimpressed and sold off the shares by more than 2% in yesterday’s weaker market.
Read MoreHarvey Norman (HVN) has currency movements to thank (finally) for a 4% lift in sales for the nine months to the end of March.
Read MoreAs expected, pharmacies supplier and retailer Australian Pharmaceutical Industries (API) has reported a whacking great loss for the first half of 2013-14 thanks to those big write offs announced just before Easter.
Read MoreWall Street ended April with something of a bang, hitting a series of intraday highs on the Dow and the S&P 500 this morning in the wake of the Fed’s decision to continue cutting its huge spending program.
Read MoreBy the close on Thursday, the benchmark S&P/ASX200 index was 40.3 points, or 0.73 per cent, lower at 5,448.8, while the All Ordinaries index was off 40.4 points, or 0.74 per cent, at 5,430.4.
Read MoreDespite a better start this morning, the Australian sharemarket lost ground for the second time this week. A fall in iron ore held back the miners, in particular Fortescue Metal (FMG). The iron ore producer sells almost all of it exports to China.
Read MoreNote: This article was originally published on Oliver’s Insights on 30 April 2014 and has been republished with permission from the original author.
Read MoreCommSec’s Juliette Saly provides a Mid-Session financial market update. The ANZ has delivered its 1H results but the market is lower despite record highs on Wall Street.
Read MoreSell off, what sell off, as futures show a rise after yesterday’s slide.
Read MoreWoolworths (WOW) is likely to enjoy releasing its third quarter sales report later this morning.
Read MoreBeach Energy (BPT) keeps rolling a long nicely and remains on track for another very solid year, according to its March quarter production and financial update.
Read MoreNow, unlike events on Wall Street and especially in the tech heavy Nasdaq market, this news from China is a reason to be concerned about valuations in the local market, especially, valuations of iron ore companies such as Fortescue (FMG), and to a lesser extent, the price of BHP Billiton (BHP) shares.
Read MoreThe Australian sharemarket gained some ground following a big tumble on Tuesday. Woolworths (WOW) fell short of its quarterly sales expectations and slumped by close to 2% on the local market.
Read MoreMarket all over the shop in early trade now in the red. Retail in focus.
Read MoreWhen Singapore group Wilmar International first revealed in 2012 it had built a stake of 10% and failed in an approach to Goodman Fielder (GFF), the latter’s shares jumped 33% to a high of 69c on the day of the announcement.
Read MoreSlowly the shape of a new set of prudential controls over home lending, are emerging and will soon see the light of day as the country’s key banking regulator, APRA, prepares to issue a new set of rules.
Read MoreSo will this have an impact on investor confidence, or was Wall Street’s swinging day of trading overnight really a short, dead cat bounce seen in an hour to and hour and a half of late trading?
Read MoreInvestors are again being asked to put their faith in the Spotless brand.
Read MoreLocal stocks have recorded their biggest tumble since 14 April, with all sectors finishing in the red. Commonwealth Bank hit an intra-day record high of $79.95.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Weakness in the mining sector has contributed to a flat day on the market at lunchtime, despite earlier gains.
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