DIARY: Europe’s Woes, US Growth, Shopping, Chinese Industry
Once again it’s going to be events in Europe, plus the US which will dominate financial markets this week.
Read MoreOnce again it’s going to be events in Europe, plus the US which will dominate financial markets this week.
Read MoreDespite all the claims and counter claims about global warming, carbon taxes, and new sources of ‘green’ energy, one thing continues to standout when you look at the global energy scene: Australia is sitting pretty.
Read MoreWe had two very different outlooks from companies at opposite ends of the current corporate ladder in Australia.
Read MoreIn contrast to the caution at the BHP meeting, the upbeat nature of Thursday’s strategic briefing from Goodman Fielder’s newish CEO, Chris Delaney, was at odds with the company’s lacklustre performance.
Read MoreThere was a clear sense of ‘flight’ by some of the world’s biggest investors in the November Bank of America Merrill Lynch survey of global fund managers.
Read MoreThe National Australia Bank says the outlook for Australia’s manufacturing industry is bleak with output falling by almost 1% in the September quarter.
Read MoreThe contrast yesterday on global markets was dramatic: in Europe another spike in market interest rates renewed pressure on Italy, Spain, the euro and the eurozone itself.
Read MoreThe shape of the new prudential management system for Australia’s banks and financial system generally is taking its final shape and should be finalised next year.
Read MoreShares in Melbourne-based industrial services company Spotless Group Ltd closed up a few cents yesterday, after media reports claimed that it was about to get a second approach from a private equity group.
Read MoreSome commentators would have you believe that the country’s banks are about to fall on hard times as the eurozone problems lift the cost of money and make life generally tougher for financial stocks.
Read MoreWe learned nothing really significant from the minutes of the Melbourne Cup meeting of the Reserve Bank board which cut interest rates by 0.25%.
Read MoreFertiliser and explosives maker Incitec Pivot delivered a 20% jump in annual profit yesterday but sees a much slimmer rise this year.
Read MoreDuluxGroup shrugged off the impact of floods, a sluggish building industry and weak retailing to report a solid 13% rise in underlying net profit for the September 30 year to $77.6 million.
Read MoreAs expected, the Japanese economy rebounded sharply in the September quarter, ending the recession thanks to the impact of the early reconstruction efforts after March’s devastating earthquake and tsunami.
Read MoreItaly is due to auction three billion euros of five-year government bonds tonight our time, an event that will tell us much about how the market sees the weekend changes in the country’s government and leadership.
Read MoreAustralian shares are expected to start the week higher with the futures market pointing to a 1% gain when trade resumes today.
Read MoreEurope will again dominate the coming week (see the first story), but there other issues we should be alert to, such as the approaching deadline for US to find more than a trillion dollars of spending cuts by November 23, the day before Thanksgiving.
Read MoreThe outlook for Europe is worsening by the day, it seems, despite a steadying in markets overnight Thursday.
Read MoreChinese crude steel output has fallen nearly 10% since last May as the slowdown in Australia’s most important export partner continues.
Read MoreThe week’s flow of data from China confirms one point: China is the growth centre of the global economy, and Australia is one of its premier suppliers of raw materials.
Read MoreNow watch attitudes towards the state of the Chinese economy change after a sharp fall in monthly consumer and producer inflation in October.
Read MoreGuess, what, housing finance continues to improve, and after last week’s rate cut, consumer confidence jumped sharply.
Read MoreIt’s been well known that the department store sector of retailing has been doing it tough for most of the past year, and figures released on Tuesday from Westfield confirmed that with news of a large, 3.8% fall in sales in the September quarter.
Read MoreShopping centre owner Westfield Group has confirmed its full year financial guidance after a mixed sales performance in the September quarter.
Read MoreAnother mixed report from business about confidence and conditions in October.
Read MoreWe had another solid trade performance in September, which capped a strong three months for the country’s trade account.
Read MoreJudging by the solid market reaction yesterday, the market (including analysts), got the Orica performance wrong in the year to September 30.
Read MoreIs China doing a bit of advance softening up of markets ahead of the October data release tomorrow?
Read MoreIt’s going to be another week of confusion and concern thanks to the still unresolved and confusing situation in Greece and the eurozone.
Read MoreA much quieter week for markets, although the eurozone will continue to be the flashpoint, especially with uncertainty remaining high about the political situation in Greece.
Read MoreOnce again a strong month of car sales has belied the prevailing notion that demand in the economy is weak and on need of a push, as we got with last week’s 0.25% cut in interest rates from the Reserve Bank.
Read MoreMore evidence yesterday that the economy is stronger than many people think with a solid rise in retail sales in September and in the third quarter.
Read MoreThe European Central Bank met overnight under its new head, Mario Draghi, for the first time and cut interest rates to try and shore up the European economy as it stumbles towards a slowdown.
Read MoreThe ANZ Bank’s 19% improvement in full-year profit confirms that apart from the Bank of Queensland, the sector is in fine health.
Read MoreUnfortunately for the US Fed, its two day meeting which wrapped up this morning won’t have much influence on the outlook for the IS economy: Friday night (Australian time), October jobs report will be a big sentiment shifter.
Read MoreWoolworths chief executive Grant O’Brien has hit the ground running in the first week or so of his reign.
Read MoreWestpac has joined its other big rivals in reporting a record profit for its latest financial year, with cash earnings rising to $6.301 billion.
Read MoreMore evidence that Australian house prices continue to drift downwards.
Read MoreWe had similar reports from the monthly surveys of manufacturing from some economies yesterday and overnight.
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