Markets: Investors Ignore Economic News
The global stockmarket continues to have a bad case of multiple personality, worrying about Greece and the eurozone imploding one day, and then reversing those fears the next.
Read MoreThe global stockmarket continues to have a bad case of multiple personality, worrying about Greece and the eurozone imploding one day, and then reversing those fears the next.
Read MoreIt’s another tough week for markets and investors here and around the globe.
Read MoreGermany voted to support the European Stability Fund overnight, a welcome decision.
Read MoreWorld crude steel production was the second lowest monthly total so far this year, despite continuing solid production in China and most of Asia.
Read MoreBuried in last Friday’s Stability Review from the Reserve Bank was yet another warning to banks and their investors not to be too optimistic about the outlook.
Read MoreWhile the headline in the latest National Australian Bank Residential Property Index was gloomy with a 14 point drop reported for the September quarter (and for the second quarterly fall in a row), the detail of the report revealed a case for a bit more optimism.
Read MoreAgricultural chemicals group, Nufarm says it’s aiming to boost earnings in 2012 after another difficult year in 2011.
Read MoreEmbattled Tasmanian timber group, Gunns has cleared a big hurdle in its plans to turn itself into a pulp company with the $2.3 billion project cleared to proceed by the state’s Environmental Protection Agency.
Read MoreResources giant Rio Tinto has used the recent market weakness to lift its stake in Canadian miner Ivanhoe Mines to the planned 49% level it agreed to with Ivanhoe several years ago.
Read MoreLaboratory and testing group, Campbell Brothers Ltd has again boosted its first half profit forecasts.
Read MoreStruggling food group Goodman Fielder is to ask shareholders to help it out of a tough situation: it needs recapitalising and wants $259 million.
Read MoreBe careful and don’t take the sharp rebound in markets for granted or think it’s the sudden emergence of an uptrend.
Read MoreAccording to an advance copy of the Woolworths’s annual report, the about to retire CEO Michael Luscombe took a $2.6 million pay cut in the 2011 financial year, but still managed to sound confident about the retailer’s outlook, despite its toughest year for more than a decade.
Read MoreShell and PetroChina have tightened their control on part of the multi-billion dollar Queensland coal seam gas sector with a higher offer for Bow Energy.
Read MoreIt’s now clear that gold and silver have emerged as the major casualties of the current sell-off, only 10 days after gold dealers and several leading forecasters predicted the price would top $US2,000 an ounce by the end of the year.
Read MoreLed by gold and copper, commodity prices fell to nine month lows last week, thanks to the sell-off on Thursday and Friday across the globe.
Read MoreAnother big week for global markets and economies with Europe’s woes the overwhelming focus thanks to a vote in the German parliament and a decision on the continuing bailout of Greece.
Read MoreWe are stuck for choice this week for the next triggers of another round of market nervousness and selling.
Read MoreMore hints this week the recovery in the Japanese economy from the March 11 disasters isn’t going as well as thought and also surprise signs that the rebound across the Tasman had suddenly slowed as well.
Read MoreSpeeches from the two senior Reserve Bank’s officials have given more clues as to why Australian consumers are changing their spending patterns in quite significant ways.
Read MoreMarkets around the world have reacted negatively to the US federal Reserve’s latest attempt to stimulate the US economy.
Read MoreFoster’s Group has agreed to be bought by global brewing giant SABMiller, for just over 63 cents more than the original $4.90 offer price it knocked back.
Read MoreFull year results yesterday from adventurewear retailer, Kathmandu and department store giant, David Jones, gave us the two sides of the current Australian retailing story.
Read MoreUS markets said ‘thumbs down’ to the US Federal Reserve’s latest attempt to stimulate the US economy this morning.
Read MoreMarkets in Europe and the US shrugged off the downgrading of Italy’s credit rating to post solid gains overnight.
Read MoreStandard & Poor’s surprise downgrading of Italy’s credit rating yesterday has confirmed why the Reserve Bank is watching foreign events more closely than at any time since the GFC.
Read MoreAustralia’s resources boom continues with the latest forecast showing little change for the 2012 financial year.
Read MoreIt was a bit of a crazy first day back on the boards for Tasmanian company Gunns, with the shares up and down like a timber fellers’ convention.
Read MoreSo was Premier Investments another victim of revealing a poor profit result on a down day for the wider market?
Read MoreNervous investors took their favourite option yesterday when confronted with lack of any solid achievement from the much touted eurozone and EU finance ministers’ meeting in Poland yesterday and other news indicating that the Greek stand off on the second bailout remains unresolved: they sold.
Read MoreFinancial markets ended their best week in more than two months on Friday as the relief rally continued.
Read MoreUS markets finished their best week in more than two months on Friday as tensions in Europe eased.
Read MoreThe two day meeting this week of the US Federal Reserve, plus the autumn meetings of the IMF and World Bank will dominate markets here and offshore.
Read MoreIt was three years ago overnight Thursday that Lehman Brothers collapsed, deepening the GFC, freezing markets, helping international trade to slump sharply in a matter of weeks and triggering recessions across Europe and the US.
Read MoreAs expected, department store group Myer Holdings has produced a smaller profit on lower sales for the 2011 year, and warned of flat sales and a 10% drop in earnings for the current year.
Read MoreWill Europe’s economic flu infect the rest of the world, even still solid Asia?
Read MoreSigma Pharmaceuticals continued to make headway in its recovery from the near death experience in 2010.
Read MoreSome good news on interest rates and consumer confidence yesterday means the economy isn’t in such a gloomy place as many had thought especially economists, and possibly the Reserve Bank.
Read MoreAs we pointed out in Air Weekly last Friday, the Asian region is a beacon of economic growth and stability, despite the shockwaves from the eurozone and the stuttering US economy rolling over the area.
Read MoreChina’s production and import figures for August were completed yesterday with the belated release of crude steel output which showed a 0.9% fall from July to 58.75 million tonnes.
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