Updates: DJ’s Slashes Second Half Sales, Profit Forecast
Department store group, David Jones issued a shock profit downgrade last night, blaming a dramatic deterioration in trading conditions.
Read MoreDepartment store group, David Jones issued a shock profit downgrade last night, blaming a dramatic deterioration in trading conditions.
Read MoreAs expected, Australian consumer sentiment has fallen to its lowest level in over two years, battered lower by a combination of negative media reporting, the slowdown in domestic spending by consumers, the noisy carbon tax debate and the worries about interest rates.
Read MoreMore confirmation of slowing in the Chinese economy, but so far it’s not too dangerous, but inflation remains a big concern.
Read MoreThe sell off accelerated yesterday in Asia, but slowed overnight.
Read MoreAnd there was Bob Brown, leader of The Greens and his mates telling us they wanted to see the end of the coal mining industry, and then we had a plethora of commentators telling us the carbon tax would see miners head offshore, while jobs and investment would be lost.
Read MoreAnother knock to business confidence in June with conditions remaining subdued, despite a small pick last month, according to the latest National Australia Bank survey of business confidence and conditions.
Read MoreA whiff of something better in the economy, a statistical blip or something else?
Read MoreThe eurozone debt crisis is taking a new and more dangerous course, with signs that contagion is spreading to Italy, Europe’s third biggest economy.
Read MoreThe Australian stock market was whacked by a combination of fears about the carbon tax, China losing control of its economy, the worsening health of the US economy and the focus on Italy as markets search for a new focus in Europe’s debt woes.
Read MoreThe coming week is full of traps and snares for investors in every market, be it equities, commodities or currencies.
Read MoreFor such a rotten employment report, the Wall Street reaction ended up being surprisingly muted: at one stage the Dow was down by more than 150 points, but those loses were cut to just 62 points by the close early Saturday, our time.
Read MoreThe coming week is full of traps and snares for investors in every market, be it equities, commodities or currencies.
Read MoreThe latest rate rise from China’s central bank should make investors and others just that teensy weensy concerned about the country’s economy.
Read MoreThe Australian economy is not falling apart, despite all the talk of multi-speed economies, recession and doom and boom.
Read MoreBeach Energy says it and its 30% partner, Cooper Energy, plans to spend $24 million on nine exploration wells in the Cooper Basin region of Central Australia.
Read MoreThe multi-billion-dollar listings of QR National and Westfield Retail Trust on the Australian share market should be ignored in looking what was a weak financial year for public floats,
Read MoreChina has lifted interest rates a third time this year and for a 5th time in the last eight months.
Read MoreNo rate rise today, and possibly not in August.
Read MoreThe softness in the Australian labour market was underlined by yesterday’s ANZ job ads survey for June.
Read MoreSome reporting of the June car industry sales figures missed an important comparison.
Read MoreOn the bare numbers the trade figures for May were pretty simple, exports up, imports flat and surplus up to $2.33 billion.
Read MoreAs expected, the Reserve Bank sat on interest rates at yesterday’s meeting and the statement from Governor Glenn Stevens gave no hint about when that stance might change.
Read MoreAustralia and the US were the two surprise improvers in the regular monthly release of surveys of manufacturing activity in the world’s major economies Friday and Friday night, our time.
Read MoreA big week for most markets, especially in the US where a relief rally saw the best gains in two years and European markets had their best week in a year.
Read MoreNo rate rise today, and possibly not in August.
Read MoreThe softness in the Australian labour market was underlined by yesterday’s ANZ job ads survey for June.
Read MoreSlowly but surely the idea that the Pilbara iron ore mines of BHP Billiton, Rio Tinto and, lately, Fortescue Metals might be challenged by the Midwest area, further south in Western Australia, is crumbling.
Read MoreOne thing is certain, markets in the coming financial year will not be underwritten by the US Federal Reserve’s easy money activities (AKA QE2), they will have to look to more mundane factors for their stimulus.
Read MoreFor us in Australia, the 2010-11 financial year, June 30 half year, June quarter and month of June have all been confusing, to say the least.
Read MoreAnother busy week here and offshore for economic data.
Read MoreAustralia and the US were the two surprise improvers in the regular monthly release of surveys of manufacturing activity in the world’s major economies Friday and Friday night, our time.
Read MoreA big week for most markets, especially in the US where a relief rally saw the best gains in two years and European markets had their best week in a year.
Read MoreA week ago, the AMP’s chief strategist and chief economist, Dr Shane Oliver, re-examined the Wall of Worry that confronts markets and investors.
Read MoreOne thing is certain, markets in the coming financial year will not be underwritten by the US Federal Reserve’s easy money activities (AKA QE2), they will have to look to more mundane factors for their stimulus.
Read MoreGreece finally found sense this week and avoided committing financial suicide, for the time being at least.
Read MoreThere’s one nasty fact about the US economy that has been obscured by the very public argument about America’s debt ceiling, the threat of a default and the tooing and froing ahead of next year’s election.
Read MoreFor us in Australia, the 2010-11 financial year, June 30 half year, June quarter and month of June have all been confusing, to say the least.
Read MoreThe first of many, of just a one off?
Read MoreResolute Mining is looking at a very sharp jump in revenues (and presumably earnings) in the 2012 financial year after updating the market yesterday on its production plans which contained forecasts of a 24% rise in output and a near 20% drop in costs.
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