The Week Ahead

The health of the Australian economy, interest rates, retail sales, trade and growth will be centre stage in the coming week, as will US employment, European interest rates, the health of manufacturing in major economies, while Chinese economic data for May is out next weekend.

Read More

Coventry Joins The Downgrade Club

Late last Friday afternoon, the small WA industrial products company Coventry Group (CYG) became the latest in the growing list of profit downgrades when it issued a market update that warned that net earnings would more than halve to around "$6 million" for the year to June.

Read More

The Week Ahead

Another week when the health of the fading Australian resources investment boom will be again tested, as well as the Chinese economy; local building approvals will get a run, and offshore the second estimate of US first quarter economic growth will be released, along with the usual monthly economic figures from Japan on employment, retail sales and inflation.

Read More

$30b Wiped Off Local Market

A weak manufacturing report from China, worries about the future of the US Fed’s easing program, job losses at Ford and other companies and a general unease with the economy combined to knock more than $A30 billion off the value of local shares yesterday and rattled European markets overnight as well.

Read More

Newcrest Hit By Court Ruling

If the weakening gold price and production problems at some of its mines were not enough, Newcrest (NCM), the country’s biggest gold miner, now faces a serious legal situation that could threaten its hold on its huge, $2 billion Cadia mine in central Western NSW.

Read More