Gold Up, Just, Oil Down, Coffee’s Kick
Despite the rising tensions in Ukraine and talk of a tougher approach from Russia to gas sales, New York oil futures closed lower on Friday night for the worst week in a month.
Read MoreDespite the rising tensions in Ukraine and talk of a tougher approach from Russia to gas sales, New York oil futures closed lower on Friday night for the worst week in a month.
Read MoreThis week sees a big test of the Australian market’s current bout of confidence on multiple fronts in what will be the first full week of trading in three weeks.
Read MoreThe impact from the stellar results from Apple and Facebook didn’t last long – a day at most – on Wall Street with a sell-off on Friday led by the tech-heavy stocks in the Nasdaq and other markets leading the way down.
Read MoreA quiet start to a busy week with FOMC and Bank results to come, starting Thursday. The market shrugged off the negative overseas leads as talk was all banks and how much they are going to reward shareholders. Disappointment looms I suspect, but the market is getting frothed at the mouth in anticipation of more records falling, so who am I to question it.
Read MoreAt The Close: Stocks Consolidate At Near 6-Year Highs
Read MoreNow here’s a story you probably won’t read amid all the talk of slowing China and another fall in world iron ore prices – global crude steel production in March jumped to a new all time monthly high of more than 140 million tonnes, up on both March 2013 and February this year.
Read MoreShares in Apple and Facebook jumped in after hours trading this morning after the two tech giants reported better than expected quarterly reports.
Read MoreBanks once again solid. Resmed strong result. Qld motorway sale and nice numbers for Altas Iron.
Read MoreThe Dow closed down 12 points while the S&P lost 0.2% to 1875 as the Nasdaq fell 0.8%.
Read MoreJust as the chances of an interest rate rise here have receded, New Zealand got its second rate rise in just over a month this morning when the country’s central bank lifted its key rate to 3.0%.
Read MoreAnd in a small echo of last week’s update from the embattled McAleese Transport Group, road transport products supplier MaxiTrans yesterday warned of a profit slide of up to 20% for the year to June because of the downturn in activity in the resources sector and the Queensland drought.
Read MoreJB Hi-Fi (JBH) shares fell 16c yesterday, to $20.64, after the electronics retailer said CEO Terry Smart would be retiring in August after 14 years with the company.
Read MoreSecurities in Australand Property Group (ALZ) and Stockland (SGP) ended barely changed yesterday as the market decided Stockland’s all share $2.4 billion takeover offer was only the first round in what could become a prolonged battle for control of Australand.
Read MoreThe local sharemarket rose to a new six year high, money market interest rates fell, as did the Aussie dollar, which dropped under 93 USc.
Read MoreLocal stocks rose for the 6th day, with the All Ordinaries Index trading close to a 6-year high. Volume was healthy due to equity options expiry yesterday, which tends to boost volume.
Read MoreASX 200 higher ahead of Mar Qtr CPI & Chinese Flash data. Watch on property stocks after the Stockland bid for Australand.
Read MoreAs most of Australia basks in mild autumnal weather at the moment, the weather bureau has stiffened its warning of the chances of a major dry period (an El Nino event) occurring later this year.
Read MoreThe plan by Japanese Prime Minister Abe to boost his country’s economy and end deflation is looking increasingly shaky in the wake of another huge annual trade deficit.
Read MoreShares in Australian Pharmaceutical Industries (API) dipped 1.4% in yesterday’s stronger market as investors reassessed last Thursday’s announcement of big write downs in loan assets, but improved trading conditions.
Read MoreOur market is looking for another solid start to trading after its post Easter jump yesterday.
Read MoreCommSec’s Juliette Saly provides an afternoon market update. Stocks have closed at near 6 year highs.
Last week’s rebound on Wall Street saw the recent bearishness in Nasdaq stocks, especially biotechs replaced by a renewed bullishness – but for how long?
Read MoreGold continues to face an uncertain outlook, according to the latest survey from Reuters/GFMS, a forecast that goes some way to explaining the thinking behind the attempts by Newmont and Barrick to merge to produce the world’s biggest gold miner in a $US33 billion deal.
Read MoreA very short week in Australia – just three trading days for markets and business and one that will be easily dominated by the release of the March quarter consumer price index tomorrow.
Read MoreStocks have kicked off this shortened trading week a touch higher. Westpac and ANZ broke through record highs, while the miners lost ground. Petrol prices recorded their biggest weekly gains in four-months.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Stocks have opened higher after the four day Easter break.
Read MoreBHP Billiton (BHP) and Rio Tinto (RIO) were upbeat about the prospects for their copper businesses this week – forecasting rising production over the rest of 2014 and into 2015.
Read MoreMore good news for our iron ore exporters.
Read MoreLocal shares are firmer for the third straight day, with the ASX200 and All Ordinaries both trading above 5400pts. Oil and gas producers Woodside and Santos are mixed following production reports while newly listed Japara is up by more tha 20%.
Read MoreThe Aussie dollar jumped after China GDP figures for the March quarter came in slightly ahead of expectations around lunchtime yesterday.
Read MoreAt Fortescue (FMG), yes the company missed those market estimates (because of the wet weather, a normal seasonal event in the Pilbara) but the tonnage shipped was still a record.
Read MoreOnce again media and some investment analysts got the results of leading iron ore groups wrong because their estimates were too optimistic, or they have forgotten the way to compare quarterly results.
Read MoreShares in McAleese Group (MCS), owner of the troubled Cootes Transport business, were hammered yesterday after it issued its second profit warning in two months.
Read MoreNote: This article was originally published on Oliver’s Insights on 16 April 2014 and has been republished with permission from the original author.
Read MoreLocal stocks are higher for the second day. BHP Billiton recorded a 23% rise in iron ore production ove the past year; however its shares are slightly lower. Chinese economic news in focus. Dollar still below US94c.
Read MoreA year ago yesterday, gold prices fell 9.3% in their worst ever one day fall.
Read MoreThe Reserve Bank has bewailed the impact of the stubbornly high Australian dollar on economic growth, which is helping make the transition from the mining investment boom much harder than it should be.
Read MoreNufarm (NUF) has revealed the results of the second prong of its company wide review – an examination of its New Zealand business – with the decision to close its manufacturing facility at Otahuhu in Auckland in New Zealand which will cost 59 jobs.
Read MoreShares in Coca Cola Amatil (CCL) yesterday staged a mini-recovery, despite ratings agency Standard and Poor’s downgrading the company’s credit rating in the wake of last week’s downgrade of 2014 earnings.
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