2014: Deja Vu All Over Again?
Many of the forecasts for Australia in 2014 assume a continuation to the ‘tapering’ of the $US85 billion a year of spending by the US Federal Reserve.
Read MoreMany of the forecasts for Australia in 2014 assume a continuation to the ‘tapering’ of the $US85 billion a year of spending by the US Federal Reserve.
Read MorePeter Esho details the key market events for the week starting 16 December 2013.
Read MoreIt wasn’t just an Australian sell-off on the market yesterday, although it felt like it in the afternoon, raising the question about the standing of our market in the eyes of offshore investors, especially in the US.
Read MoreWell, bad luck Qantas (QAN), the failure of the $350 million issue by Virgin Australia (VAH) to get strong support from small shareholders has all but condemned Qantas to look for ways of raising new capital it needs other than tapping its huge base of small shareholders.
Read MoreWill the Lowy family and its Westfield Group blink and be forced the change the terms of its proposed separation?
Read MoreThe New Zealand economy is going to boom in 2014 and into 2015 thanks to a combination of a 40-year high for the country’s terms of trade and the spreading building boom in Christchurch, Auckland and now Wellington.
Read MoreA mixed initial reaction from investors to the Holden closure news yesterday with one listed dealer’s shares falling and the other’s rising.
Read MoreWhat a rotten Christmas present for those long suffering shareholders in OZ Minerals (OZL), which is now rivaling Newcrest Mining (NCM) as the bad news stock for mining investors for 2013.
Read MoreA day after issuing a small earnings upgrade, Dexus (DXS) has counter-attacked in the battle for control of the Commonwealth Property Office Fund (CPA) with an offer higher than the first and above that from rival GPT.
Read MoreBHP Billiton (BHP) remains a believer in its huge but weakly performing US shale gas and oil business and intends keeping the assets and growing them for the domestic American market, not for exports such as LNG.
Read MoreAre we seeing the early days of a bubble in the making in the housing sector as investors, especially self-managed super funds, continue to pile in?
Read MoreKerry Stokes’ Mining services company WesTrac is a believer in the coal industry, especially in China, judging by yesterday’s announcement of a significant expansion in China.
Read MoreGood news for 2013 and good news for 2014 from Woodside Petroleum (WPL) yesterday at an investor day update.
Read MoreThe rag trade is renowned as a tough place to make a dollar, but Gazal Corporation Limited (GZL) is doing OK.
Read MoreThe demerger of Recall from Brambles (BXB) is almost complete – and shareholders in Brambles also received a small bit of good news as well yesterday.
Read MoreA week ago, Metcash (MTS) was telling the market that while it was close to finishing a wide ranging review of the company, investors would be briefed on the proposed changes at an update day in March of next year.
Read MoreTPG Telecom (TPM) continues to expand, yesterday announcing that it had bought AAPT, a subsidiary of Telecom NZ (TEL), for $A450 million.
Read MoreGood news from the Chinese trade figures for November with not only a solid rise in imports, a huge trade surplus and jump in exports, but a new record for iron ore imports.
Read MoreA quieter week ahead for some, but for Australia, the usual monthly test of the most recent jobs data and China’s latest economic data.
Read MoreGold and oil went differing ways last week, while wheat prices slumped to a near three month low in something of a surprise. Copper though, rose.
Read MoreOn the face of it, the market should start solidly today after the 25 point gain in the futures market on Saturday morning, our time.
Read MoreBlame Qantas, fears about US tapering, nervy investors, over anxious hedge funds – anything – but the $20 billion plus sell-off in the local market yesterday was a worry.
Read MoreTime for Nine Entertainment (NEC) to hit the boards today in its float after the stellar surge by credit reporting group Veda (VED) yesterday and a small gain for retailer Dick Smith (DSH) after Wednesday’s weak start to life as a listed company.
Read MoreQantas (QAN) has gone the whole hog of job cuts, massive loss forecast, sale options, pay freezes (and a cut for CEO Alan Joyce).
Read MoreEconomic growth in the third quarter wasn’t quite as solid as I thought it would be after the run of encouraging data in the past week, and the 0.6% quarter on quarter rise and 2.3% rise in the year to September continues the meandering sub trend performance of the past year.
Read MoreMore change in the Westfield Group (WDC) empire of the Lowy family with the present two-company structure remaining, but with a completely reshuffled make-up.
Read MoreNo wonder the Nine Entertainment float went at the low end of its price range yesterday ahead of tomorrow’s float.
Read MoreYes, the Reserve Bank kept rates on hold, and yes, it’s not certain about the strength of the economy and yes it’s sitting on the sidelines and watching the impact of a series of rate cuts on the domestic economy, which is sort of good news.
Read MoreRio Tinto (RIO) and Vale of Brazil are the world’s second biggest and third biggest miners by market value – but a year or so ago, Vale was second and Rio was third.
Read MoreHas the economy turned upwards after spending most of the past year meandering along at below trend, meaning interest rate cuts are at an end?
Read MoreUnsung vehicle parts supplier Supply Network Limited (SNL) has rewarded shareholders handsomely in recent years, rising from 30 cents five years ago to a record high of $2 earlier this month.
Read MoreWholesaler/retailer Metcash (MTS), number 3 behind Woolies and Coles, faces more change in the New Year after reporting a moderate quality interim result yesterday and a cut to dividend.
Read MoreThere was nothing from the flow of data here or offshore yesterday and last night to force a change of heart from the Reserve Bank’s last board meeting of 2013 which will leave the cash rate steady on 2.5%.
Read MoreAnother loss for GrainCorp (GNC) yesterday, with CEO Alison Watkins leaving to take up the vacant CEO’s role at Coca Cola Amatil (CCL), one of the plum jobs of Australian business.
Read MoreThe RBA goes into 2014 with a close eye on jobs, knowing very well that the economic outlook for Australia remains fragile. This statement was always going to sound cautious so it doesn’t come as a complete surprise – but the focus on the slowdown in the mining space cannot be understated. There is the prospect for one more cut in the first quarter of 2014.
Read MoreNovember ended up a curious month for markets – some rose, some eased, some went sideways – and one or two bombed – led by gold.
Read MoreThe world’s most exclusive club – countries with AAA credit ratings, of which Australia is a member – just got smaller with the news that the Netherlands has had its top notch standing cut by Standard & Poor’s.
Read MoreA big, big week for economies here and around the world, as well as for investors large and small. In fact it’s one of the biggest weeks of the year for the amount of information and number of key decisions to be made.
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