Europe: Do More Says The Rest Of The World
Another big week for global markets and economies with Europe’s woes the overwhelming focus thanks to a vote in the German parliament and a decision on the continuing bailout of Greece.
Read MoreAnother big week for global markets and economies with Europe’s woes the overwhelming focus thanks to a vote in the German parliament and a decision on the continuing bailout of Greece.
Read MoreWe are stuck for choice this week for the next triggers of another round of market nervousness and selling.
Read MoreMore hints this week the recovery in the Japanese economy from the March 11 disasters isn’t going as well as thought and also surprise signs that the rebound across the Tasman had suddenly slowed as well.
Read MoreSpeeches from the two senior Reserve Bank’s officials have given more clues as to why Australian consumers are changing their spending patterns in quite significant ways.
Read MoreMarkets around the world have reacted negatively to the US federal Reserve’s latest attempt to stimulate the US economy.
Read MoreFoster’s Group has agreed to be bought by global brewing giant SABMiller, for just over 63 cents more than the original $4.90 offer price it knocked back.
Read MoreFull year results yesterday from adventurewear retailer, Kathmandu and department store giant, David Jones, gave us the two sides of the current Australian retailing story.
Read MoreUS markets said ‘thumbs down’ to the US Federal Reserve’s latest attempt to stimulate the US economy this morning.
Read MoreStandard & Poor’s surprise downgrading of Italy’s credit rating yesterday has confirmed why the Reserve Bank is watching foreign events more closely than at any time since the GFC.
Read MoreMarkets in Europe and the US shrugged off the downgrading of Italy’s credit rating to post solid gains overnight.
Read MoreAustralia’s resources boom continues with the latest forecast showing little change for the 2012 financial year.
Read MoreIt was a bit of a crazy first day back on the boards for Tasmanian company Gunns, with the shares up and down like a timber fellers’ convention.
Read MoreNervous investors took their favourite option yesterday when confronted with lack of any solid achievement from the much touted eurozone and EU finance ministers’ meeting in Poland yesterday and other news indicating that the Greek stand off on the second bailout remains unresolved: they sold.
Read MoreSo was Premier Investments another victim of revealing a poor profit result on a down day for the wider market?
Read MoreUS markets finished their best week in more than two months on Friday as tensions in Europe eased.
Read MoreFinancial markets ended their best week in more than two months on Friday as the relief rally continued.
Read MoreThe two day meeting this week of the US Federal Reserve, plus the autumn meetings of the IMF and World Bank will dominate markets here and offshore.
Read MoreIt was three years ago overnight Thursday that Lehman Brothers collapsed, deepening the GFC, freezing markets, helping international trade to slump sharply in a matter of weeks and triggering recessions across Europe and the US.
Read MoreWill Europe’s economic flu infect the rest of the world, even still solid Asia?
Read MoreAs expected, department store group Myer Holdings has produced a smaller profit on lower sales for the 2011 year, and warned of flat sales and a 10% drop in earnings for the current year.
Read MoreSigma Pharmaceuticals continued to make headway in its recovery from the near death experience in 2010.
Read MoreAs we pointed out in Air Weekly last Friday, the Asian region is a beacon of economic growth and stability, despite the shockwaves from the eurozone and the stuttering US economy rolling over the area.
Read MoreSome good news on interest rates and consumer confidence yesterday means the economy isn’t in such a gloomy place as many had thought especially economists, and possibly the Reserve Bank.
Read MoreChina’s production and import figures for August were completed yesterday with the belated release of crude steel output which showed a 0.9% fall from July to 58.75 million tonnes.
Read MoreRain in Western Australia has offset an emerging dry in eastern areas of the country, enabling the 2011-12 wheat crop estimate to be maintained at close to record levels.
Read MoreThe NAB’s latest survey of monthly business confidence and conditions produced the expected outcome: confidence crashed, while business conditions hardly moved.
Read MoreMore evidence yesterday that the economy isn’t a straitjacket or under pressure.
Read MoreNow isn’t a good time to be announcing bad news, or news that the jittery investors take as being bad.
Read MoreCatch up was a bit of an understatement for the markets yesterday here and in Asia after the sharp sell-off in Europe and the US last Friday.
Read MoreWhile markets took a hit late last week from another upsurge in fears about the euro and especially Greece, the August economic report from China was reassuringly benign.
Read MoreReports that France’s three major banks are about to see their credit ratings cut this week will make for a rough volatile start to trading this week after the surprisingly nasty sell-off on Friday that saw markets across Europe and the US slump.
Read MoreWhat was looking to be a quieter week in business and finance will now be noisier and more fraught thanks to the outbreak of tension and volatility on Friday.
Read MoreGold prices hit a new high of more than $US1,921 an ounce this week, or rather a new 31 year peak, then fell by $US90 an ounce.
Read MoreIt’s been a week where the contrasts between the weak economies of Europe and the US have again been underlined (to Australia’s benefit) by confidence-sapping financial problems.
Read MoreSo Qantas shareholders had no dividend in the 2011 financial year, they have watched the share price fall 16% so far this calendar year, and now they will be told, if they can understand it, that CEO Alan Joyce received a 71% pay rise to $5 million.
Read MoreThe Australian economy isn’t dying in a ditch or sliding towards a recession; yesterday’s national accounts for the June quarter make that clear.
Read MoreWe should not have been surprised.
Read MoreThere’s been quite a change in the Reserve Bank’s view of the economy and the world since the August 6 board meeting.
Read MoreHave Australian bank regulators jumped the gun with new capital and funding rules for Australian banks?
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