Retail: Sales Weak, But Cafes, Takeaways Strong
On the one hand, retail sales for June were weak, rising from May by just 0.2%, seasonally adjusted.
Read MoreOn the one hand, retail sales for June were weak, rising from May by just 0.2%, seasonally adjusted.
Read MoreThe building approvals figures for June were also mixed: a weak month to end what was started out as a strong year last July because of the first home buyers’ stimulus and record low interest rates.
Read MoreIs there life after a slump for Adelaide-based manufacturer Hills Industries?
Read MoreWheat prices at a two year high, copper hits a three month high, oil above $US81 a barrel, and other commodities such as sugar, coffee and cocoa rising, or at multi-decade highs.
Read MoreMore confirmation yesterday that Chinese manufacturing slowed last month.
Read MoreBuilding products supplier, Crane Group has confirmed guidance and reported a sharp fall in net profit for 2010 financial year, but says it expects a better result in the current year.
Read MoreDiversified investment company Argo Investments Ltd has posted a fall in annual net profit for the June 30 year, but one that was better than that recorded at the December half way.
Read MoreThe Solomon Lew-controlled Premier Investments yesterday attempted to argue that it sees a significant improvement for its retail businesses, Just Group in the coming year, despite warning of no improvement in earnings for the 2010 year and a larger than expected loss for one brand.
Read MoreRetirement village group Aevum Limited has rejected an unsolicited takeover offer proposal from real estate group Stockland.
Read MoreTelstra shares will come under pressure today after the Telco pushed out a surprise profit downgrade on Friday.
Read MoreSharemarkets had a very good month in July, but compared to the recoveries seen in commodities, equities were more modest and have only halved, in some cases, the falls of May and June.
Read MoreForget shares and doubt about the US, European and Chinese economies, commodity prices have completed a huge surge in July.
Read MoreWe received more evidence Friday for the tentative belief that key major economies are slowing.
Read MoreAll interest this week will be offshore, now that the good inflation figures have ruled out a rate rise from the Reserve Bank here tomorrow.
Read MoreSuddenly Australia is a one off in the booming Asian region, instead of being ahead of the pack.
Read MoreThe US Federal Reserve meets early next month and already we know what we can expect from the meeting.
Read MorePeabody Energy, the world’s biggest listed coal group, has shown us just how profitable the Australian coal industry is and how attractive an outlook there is in China for the industry.
Read MoreHome prices and superannuation, are contenders for top of the chat charts around dining tables, water coolers and bbq’s.
Read MoreA rebound seems to be underway in the Chinese sharemarket after the big fall this year.
Read MoreLihir Gold says June quarterly production is in line with guidance and up 6% on the march quarter, but off 17% from the same quarter of 2009 because of flooding in Africa.
Read MoreMacarthur Coal has confirmed that it achieved a sales record for the June 2010 financial year, despite a lagging performance in the last quarter.
Read MoreAs expected, Sydney-based industrial products group, Alesco Corporation has reported another annual net loss and says it remains cautious about the next 12 months.
Read MoreAs well as local inflation and the health of Europe, the Reserve Bank has also been concerned that China’s attempts to slow its strongly growing economy, might come unstuck.
Read MoreThe pressure is off interest rates and the Reserve Bank can take a bow for getting its inflation forecast right.
Read MoreThe chances of QBE buying rival Australian general insurer, Insurance Australia Group continue to fade.
Read MoreIt was a mixed first half result from Rio Tinto’s NSW coal mining subsidiary, Coal & Allied, with sales and earnings down, but the promise of better to come.
Read MoreSome misleading reports on the half year profit performance of Singapore -controlled property group, Australand, as some stories failed to look at the interim accounts as accurately as they should have.
Read MoreInvestors continue to like what they see in the full year result from GUD Holdings.
Read MoreMelbourne-based listed investment company, Australian Foundation Investment Company Ltd, says it will take a patient approach to investing in 2010-11 after its 2009-10 annual profit fell 12%.
Read MoreAnd Harvey Norman shares fell more than 3% yesterday afternoon after the group reported a very sharp fall in 4th quarter sales in Australia.
Read MoreThe Coles retailing business of Wesfarmers is starting to look like one of the standout retailing performers for 2009-10, especially in the 4th quarter.
Read MoreThe 30% slide in the price of QBE shares this year now has an explanation, at last.
Read MoreJapan’s export resurgence continues to lose momentum as shipments to Asia and China slow.
Read MoreAustralia’s producer price index at the final stage of production rose 0.3% in the June quarter, for an annual rise of 1.0%, much less than market forecasts.
Read MoreWe’ve only had a week of the election campaign so far, but we are well on the way towards a rate rise from the Reserve Bank next Tuesday.
Read MoreWho do the Europeans think they are fooling with the bank stress tests?
Read MoreInflation and the impact on local interest rates will dominate attention in Australia (see first story) this week.
Read MoreOil prices should ease today after the storm threatening the Gulf Of Mexico fields, especially the BP oil disaster, eased at the weekend.
Read MoreThe European bank stress tests and the second quarter earnings flow in the US last week overshadowed what could be a turn around in sentiment among domestic Chinese investors.
Read MoreWith the federal election now set for August 21 the AMP’s chief economist, Dr Shane Oliver says it is natural to wonder what impact, if any, there might be on investment markets.
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