Jittery Investors Jump At Shadows
Was Monday’s fall one we didn’t have to have?
Read MoreWas Monday’s fall one we didn’t have to have?
Read MoreMore pressure on shares in Coca Cola Amatil (CCL) in yesterday’s widespread sell-off – although the losses were not as horrendous as seen last Friday in the wake of the surprise profit warning and restructuring announcement.
Read MoreWe can expect losses today from drugs wholesaler and pharmacies operator Australian Pharmaceutical Industries (API) which were placed in a trading halt yesterday ahead of an announcement by the company on the carrying value of its assets.
Read MoreLocal stocks ended with a solid gain although off the best levels of the session on Tuesday.
Read MoreLocal stocks are slipping for the second trading session. Defensive telcos are higher while all other sectors are slipping. No major (market moving) economic news today. Public holidays over next fortnight could keep volume a little light.
Read MoreThe big test this week of the bearishness or otherwise among investors about China’s economy will come with the release of the March quarter GDP data, plus figures on industrial production, investment and retail sales.
Read MoreBelieve it or not, the Australian stockmarket outperformed most of the world’s major exchanges in last week’s slide, bar the Chinese market.
Read MoreThe coming holiday-shortened week will be dominated by China’s March quarter growth (see separate story), US first quarter earnings, the Reserve Bank minutes in Australia, the start of two weeks of almost continual holidays and the stockmarket sell off (see separate report).
Read MoreThe All Ordinaries Index (XAO) slumped 1.29 per cent; finishing below 5400 points for the first time in two weeks and recording its biggest daily tumble in a month. Investors are likely to remain a little quiet this week due to the shortened Easter trading week.
Read MoreCommSec’s Juliette Saly provides a mid-session market update. Stocks have followed Wall St into the red, while Coca-Cola Amatil has delivered a profit warning.
Read MoreNasdaq’s blues have returned, dragging down the US market for a third day in a week.
Read MoreDon’t focus on the weak 6.6% year on year fall in Chinese exports in March to $US170.11 billion.
Read MoreIt wasn’t a good interim result from the Ten Network (TEN) yesterday and the outlook for the rest of the year is looking pretty poor.
Read MoreNever mind the small, but significant point that the March jobs data from the ABS yesterday, and the surprise fall in unemployment contained in it, send conflicting stories about the health of the labour market and the wider economy.
Read MoreLocal shares recorded worst daily tumble in three weeks. Tech stocks were the worst performers in percentage terms. Lending fell for first time in four months and Chinese inflation under control.
Read MoreFrom the highly successful microcap funds manager Acorn Capital comes a new listed investment company (LIC), aiming to give investors a unique exposure to the companies at the smaller end of the stock market – some of which can grow very large indeed.
Read MoreThe sell off on Wall Street isn’t resulting from investors deserting equities – it’s more a switching as investors move out of companies with stretched valuations (in the eyes of those investors) into more mainstream companies such as utilities, retailers, other consumer stables and even some financials.
Read MoreCommSec’s Juliette Saly provides a Mid-Session update. Local stocks are at near 6 year highs. Network Ten has narrowed its 1H loss to just under $8M.
Read MoreAnother solid night on world markets – including new highs for the Aussie dollar and local stockmarket – as risk fears eased and tech, biotech and net stocks rebounded strongly for a second day on Wall Street.
Read MoreWorleyParsons (WOR), which will split its company into three divisions, has lifted its restructuring costs in the past nine months to near $50 million as it seeks to cut costs to battle the continuing weakness in global resource industries.
Read MoreIt’s all over bar the shouting. David Jones (DJS) has fallen to an Australian run, South African owned retailer in Woolworths.
Read MoreInvestors continue to drive activity in the Australian housing sector higher, according to the finance approvals data for February released yesterday by the Australian Bureau of Statistics.
Read MoreLocal stocks finished close to the best level in six years, with the All Ordinaries Index up by around 0.2%. Around three times as many jobs were created than expected in March.
Read MoreOn the face of it the latest business confidence and conditions survey from the National Australia Bank didn’t really add any greater understanding to the state of the economy.
Read MoreMore of the same harsh medicine for struggling wine giant, Treasury Wine Estates (TWE) from the new CEO Michael Clarke.
Read MoreAnother day and the Aussie dollar broke out of its narrow pattern to surge past 93 US cents and remain there.
Read MoreUS insurer, Genworth Financial Inc. is to make the second attempt in two years to float off part of its Australian mortgage insurance business with the aim of raising around $A880 million.
Read MoreThe Australian share market rose to a near 6 year high today. Retail stocks were in focus as David Jones received a $2.15 billion takeover offer.
Read MoreThe Australian market is having its best day in around two months at lunch, with the All Ordinaries Index up by around 1%. David Jones has accepted a $2.15 billion takeover bid from South African retailer Woolworths.
Read MoreCommSec’s Juliette Saly provides a mid-session update. The local share market has followed Wall Street into the red.
Read MoreFriday’s sell off on Wall Street shares extended to Asian and European markets overnight, and then returned to pull Wall Street lower for a third day by the time trading finished early today, Australian time.
Read MoreThe Aussie dollar continued to trade just under the 93 USc mark yesterday, while the local market fell sharply in early trading, as expected, but fought back to regain most of the losses.
Read MoreThe chances are rising that shareholders in Wesfarmers (WES) will be in line for some sort of capital management move, including a substantial buyback, after the company yesterday completed selling its insurance businesses for a total of $3 billion.
Read MoreWestfield Group’s (WDC) plans to split the empire for a second time in four years continues to worry investors and credit raters.
Read MoreThe Australian sharemarket recovered late in trade to only end 0.1% lower by market close. Beef producer Australian Agricultural Company (AAC) finished 4.5% firmer.
Read MoreSellers have taken the initiative on Monday in the wake of selling on Wall St at the weekend.
Read MoreThe tech stock correction on Wall Street continued on Friday, while the controversy continued over Flash Boys, the Michael Lewis book about high frequency trading on the stockmarket (HFT).
Read MoreUS first quarter earnings, Chinese trade and inflation data, Australian jobs and employment and a couple of important local results – there’s a mixed package ahead of us this week after last week’s data deluge.
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