Santos Concerns Market
Investors took a deep breath and returned to Santos (STO) shares yesterday afternoon after a sell off in the morning shattered confidence in the stock for a while and sent the shares to a 10-year low.
Read MoreInvestors took a deep breath and returned to Santos (STO) shares yesterday afternoon after a sell off in the morning shattered confidence in the stock for a while and sent the shares to a 10-year low.
Read MoreIt’s not a casualty of the iron ore wars currently being waged on high cost producers here and in countries like China by BHP Billiton, Rio Tinto and Vale.
Read MoreDon’t expect the pressure on world oil prices, and therefore on the share prices of a host of companies larger and small, to slacken anytime soon in 2015.
Read MoreMarkets will be watching meetings of the European Central Bank and the Bank of England tonight for further evidence of support, especially the ECB which is said to be poised to open its wallet further and expand its easing program.
Read MoreTen Network (TEN) shares fell to 22.5 cents yesterday, a fall of 6.25% on the day, and nearly 14% since November 26.
Read MoreD-Day today for two companies in the listed education sector.
Read MoreNormally when a company, especially a retailer, has cast doubt on earnings forecasts, investors go into a tizz and sell off the shares.
Read MoreThe dollar fell, then recovered a little, the stockmarket powered on in its second day of gains and news that the Australian economy grew at a sluggish 0.3% in the September quarter seasonally adjusted, seemed to excite the media and the politicians more than anyone else yesterday.
Read MoreOnce again all the rate cut forecasts from business economists, the media and business for 2014 have been proven incorrect after the Reserve Bank failed to cut rates yet again at its last meeting for 2014.
Read MoreAustralia’s third quarter GDP figures are out later this morning and there’s a good chance they could be better than expected after better than expected contributions from the current account, business stocks, wages and company profits.
Read MoreNorthern Star Resources (NST), the second biggest ASX-listed gold producer, seems to have made a fascinating gold discovery in Western Australia, near one of its existing mines on the outskirts of Kalgoorlie in WA.
Read MoreBy Thursday the immediate future of the listed education company, Vocation (VET), will be known, and it’s very likely that it’s already reduced profit estimates for 2014-15 will be lowered.
Read MoreOil, gold, silver and copper bounced overnight, ending the great post OPEC decision commodity sell off, a recovery which will help our market steady today after two days of huge losses.
Read MoreLocal investors had their eyes squarely fixed on the collapse in local shares yesterday, but no doubt one or two gave a glance to the latest data out of China and Japan.
Read MoreNo change in interest rates from today’s Reserve Bank board meeting today, the last for 2014.
Read MoreMetcash (MTS) shares fell to their lowest level for more than 11 years yesterday following a weak half-yearly results announcement which calls into question the company’s current business strategy.
Read MoreAs we pointed out in yesterday’s market report, Qantas (QAN) shares rose strongly last week as oil prices fell, culminating with Friday’s 9% surge as OPEC failed to cut production.
Read MoreGlobal commodity indexes hit five year lows on Friday night as the impact of the slide in global oil prices sent ripples through global markets.
Read MoreWhile central bank meetings will grab the headlines internationally this week, it will be the usual start of month report on the US jobs market on Friday night, our time, along with continuing market reaction to the slump in global oil prices, which will have the greatest impact on markets this week.
Read MoreGlobal shares had a mostly positive week helped by mostly good economic data and as the Chinese easing and expectations for more easing in Europe continued to impact.
Read MoreSo what the’s fallout for oil and the oil related sectors around the world from what’s shaping up as the 4th major oil shock since 1973?
Read MoreThe Australian dollar held up, but the local sharemarket is heading for a fall after global oil prices fell to new four year lows this morning in the wake of the decision by OPEC to stick to the oil-producer group’s existing output target of 30 million barrels of oil a day.
Read MoreJobs search website group SEEK (SEK) said yesterday that while it had been enjoying better-than-expected trading conditions so far this financial year, the improvement wasn’t enough to cause it to lift earnings guidance for 2014-15.
Read MoreMuch to the surprise of everyone, business investment was stronger in the September quarter, rising rather than falling.
Read MoreAt a time when falling oil prices are forcing companies to cutback, lower costs and abandon projects, and falling iron ore and coal prices are forcing companies in those industries into similar action, two announcements yesterday from Woodside (WPL) and Rio Tinto (RIO) respectively will raise a few eyebrows because they announced new multi-million dollar projects.
Read MoreElectronics retailer Dick Smith (DSH) says it is on track to lift first half sales by about 10%, thanks to new store openings and solid sales of some new products.
Read MoreThe head of Russian oil group, Rosneft reckons global oil prices will drop under $US60 a barrel in early 2015 – the way prices are going it could happen before the end of this year – but there will be an awful lot of nervous oil company boards, managements and shareholders hoping that doesn’t happen – especially in the buoyant US shale oil sector.
Read MoreMore bad news from Ausdrill (ASL) about its revenue saw the share price under pressure again yesterday.
Read MoreCollins Foods (CKF), the KFC franchisee and target of a failed board shake-up earlier this year, reported an interim loss of $23 million after impairing the value of its struggling Sizzler chain.
Read MoreSantos (STO) has joined the likes of BHP Billiton (BHP), Rio Tinto (RIO), Woodside Petroleum (WPL) and a host of other resource majors and minors in selling its cost cutting and attempts to improve efficiency.
Read MoreWebjet (WEB) shares rose, then fell yesterday as investors were slow to realise the importance of comments in an investor day briefing made prior to the annual meeting held later in the morning.
Read MoreApple’s life as a $US700 billion (around $A820 billion) was brief – a few minutes on Tuesday morning (US time) as investors took the stock to $US119.75, the level where its value topped the magic figure.
Read MoreWatch out for another slide in local share prices after the price of iron ore tumbled well under $US70 a tonne overnight.
Read MoreThe aggressive Retail Food Group (RFG) continues to expand deeper into our cafe and coffee culture, this time buying control of Brisbane-based Di Bella coffee, a month after it grabbed control of Gloria Jean’s here and around the world.
Read MoreHarvey Norman (HVN) surprised the market with news of a special 14 cents a share dividend yesterday, taking investors completely unawares as the news was buried in a statement announcing a modest fund raising. The issue will raise a total of $140 million.
Read MoreTechnologyOne (TNE) shares dipped 1.3% yesterday despite the company revealing a solid 2013-14 profit.
Read MoreNo sign of any market nervousness about the shares of Aristocrat Leisure (ALL) with its annual results yesterday – as we saw a week or so ago when the much smaller Ainsworth Game Technology (AGI) shocked investors with a downgrade at its annual meeting.
Read MoreIt was a case of forget the gloomy news in yesterday’s coal and copper briefing from BHP Billiton (BHP) and buy the ’sugar hit’ from the surprise Chinese interest rate cut.
Read MoreIgnore the rebound in markets (as I wrote yesterday) and focus on the underlying message from China’s surprise rate cut.
Read MoreIt was a case of good timing when testing and services group ALS Ltd (ALQ) reported its interim financial figures yesterday.
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