Positioned toward a growing Asia, trading on an undemanding P/E of 10X and paying a fully franked dividend yield of 6.5%. Is ANZ the pick of the big four?
While falling rates are beneficial to borrowers, for those who derive income from their savings, rate cuts are not overly attractive. What about the sharemarket? Clime Investment analyst Matthew Koroi looks at what stocks are impacted at a company level.
Quarterly earnings from News Corporation (NWS) were well received by the market, the company reporting a 16% increase on underlying operating income to US$1.38 billion. Near term catalysts however are not necessarily that inspiring.
The spot uranium market was flat last week but expectations remain steadfast in the assumption global demand for nuclear energy has not been realistically damaged.
New RBA data show the Australian Mining/Resources sector is a much bigger part of the economy than ABS numbers indicate. In fact, the RBA would not be surprised if mining employment accounted for up to 50% of total employment growth in the years ahead.
JPMorgan made headlines late last week for a $2 billion trading loss that's likely to grow over time. Today, the bank's CIO fell on his sword for the trading gaffe.
