Updates: Orica’s Good Profit Performance
Judging by the solid market reaction yesterday, the market (including analysts), got the Orica performance wrong in the year to September 30.
Read MoreJudging by the solid market reaction yesterday, the market (including analysts), got the Orica performance wrong in the year to September 30.
Read MoreIs China doing a bit of advance softening up of markets ahead of the October data release tomorrow?
Read MoreIt’s going to be another week of confusion and concern thanks to the still unresolved and confusing situation in Greece and the eurozone.
Read MoreOnce again a strong month of car sales has belied the prevailing notion that demand in the economy is weak and on need of a push, as we got with last week’s 0.25% cut in interest rates from the Reserve Bank.
Read MoreA much quieter week for markets, although the eurozone will continue to be the flashpoint, especially with uncertainty remaining high about the political situation in Greece.
Read MoreMore evidence yesterday that the economy is stronger than many people think with a solid rise in retail sales in September and in the third quarter.
Read MoreThe ANZ Bank’s 19% improvement in full-year profit confirms that apart from the Bank of Queensland, the sector is in fine health.
Read MoreThe European Central Bank met overnight under its new head, Mario Draghi, for the first time and cut interest rates to try and shore up the European economy as it stumbles towards a slowdown.
Read MoreUnfortunately for the US Fed, its two day meeting which wrapped up this morning won’t have much influence on the outlook for the IS economy: Friday night (Australian time), October jobs report will be a big sentiment shifter.
Read MoreWestpac has joined its other big rivals in reporting a record profit for its latest financial year, with cash earnings rising to $6.301 billion.
Read MoreWoolworths chief executive Grant O’Brien has hit the ground running in the first week or so of his reign.
Read MoreMore evidence that Australian house prices continue to drift downwards.
Read MoreWe had similar reports from the monthly surveys of manufacturing from some economies yesterday and overnight.
Read MoreBy the end of trading yesterday afternoon, Qantas planes were just starting to takeoff across Australia for the first time in just under two days.
Read MoreIt’s not hard to see why the Japanese government ordered the intervention yesterday to drive down the value of the yen.
Read MoreSo do you reckon the 11% rise in the S&P 500, the double digit surge in Hong Kong or Australia’s 7.2% jump are accurate gauges of the reality of markets and the global and regional economies at the moment?
Read MoreQantas planes will be back flying tonight after Fair Work Australia, ruled at just after 2 am today that the dispute between the airline and the unions should be terminated.
Read MoreThe huge rebound on Thursday in the wake of the latest ‘settlement’ of the European financial crisis ran out of puff on Friday as cracks started appearing in Germany and Italy, and investors pulled back ahead of another big week.
Read MoreA big big week for the global economy, as well as the economies of Australia, the US, UK and Europe.
Read MoreFive years from now the current uncertainty will be history and we’ll be enjoying economic growth.
Read MoreA record profit from the National Australia Bank and a higher dividend, supporting the bank’s go it alone strategy and trying to make itself different from its peers.
Read MoreIt has been an historic week for shareholders with the new two strikes rule on remuneration reports bringing home to boards the simple fact that they do not own the company and have to take shareholders seriously and treat them as necessary evils.
Read MoreIn Melbourne, transport giant Toll Holdings told shareholders yesterday that while conditions in the retail and industrial sectors are likely to remain challenging, it sees strength in other parts of the economy offsetting that weakness. Incoming chief executive Brian Kruger told the AGM that the company was experiencing mixed economic conditions.
Read MoreOnce again we are headed for another non-productive summit of EU and eurozone leaders that will do nothing to improve confidence in financial markets.
Read MoreWelcome news yesterday with inflation easing in the September quarter.
Read MoreSome good news for shareholders at yesterday’s AGM of Insurance Australia Group (IAG): the company says it is on track to deliver on its full year financial guidance after an encouraging performance in the first quarter.
Read MoreShares in medical equipment maker ResMed Inc ended the day off 12% after surprising with a sharp fall in quarterly earnings due in most part to the stronger Australian dollar.
Read MoreThe annual reporting season produced three notable outcomes yesterday, as well as one surprise.
Read MoreAt surfwear maker and emerging retailer Billabong’s AGM yesterday, confidence about earnings for the coming year and a change in strategy helped take the sting out of what should have been a miserable time.
Read MoreWhat will almost certainly the last AGM of Foster’s Group was held in Sydney yesterday and judging by the gloomy outlook, the incoming owners SAB Miller are going to have their work cut out making the multi-billion dollar deal pay off in the short term.
Read MoreMost quarters there’s very few discernible links between the producer price index and its broader consumer price cousin.
Read MoreFrom gloom to boom, again.
Read MoreGlobal sharemarkets hit seven to 10 week highs overnight on good news from China, hopes of a European settlement and reasonable earnings reports in the US.
Read MoreDo you want the good news or the bad about Greece and Europe and this week’s talks?
Read MoreOnce more the coming week will resemble the preceding couple of weeks for financial markets.
Read MoreAnother fraught week, despite the last three or four of gains in financial markets.
Read MoreAccording to the latest monthly survey of big fund managers by Bank of America Merrill Lynch Global, Europe may have pulled itself back from the brink of disaster.
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