Investment Outlook After Another Solid Financial Year
Note: This article was originally published on Oliver’s Insights on 22 July 2014 and has been republished with permission from the original author.
Read MoreNote: This article was originally published on Oliver’s Insights on 22 July 2014 and has been republished with permission from the original author.
Read MoreThe ASX 200 finished at 6 year high yesterday but is today coming under selling pressure in very light trade.
Read MoreAustralian Foundation Investment Co (AFI), the country’s biggest listed invest company (LIC) has started the process to boost its war chest for the coming year as it searches for new investment opportunities.
Read MoreThe damage done to the revenues of iron ore exporters by the global slump in prices in the June quarter was there for everyone to see in yesterday’s production and exploration report for the three month period from Arrium (ARI), which ships ore from its mines near its steel plant in Whyalla, South Australia.
Read MoreAustraland (ALZ) was again the first real estate investment trust to produce an earnings report for the June 30 period yesterday, and it will probably the last time its occupies that industry- leading position on the ASX with the $2.5 billion takeover by a Thai-controlled Singapore company heading for success.
Read MoreShares in stricken drilling contractor, Boart Longyear (BLY) surged (yes surged) yesterday after the company’s credit rating was again downgraded – this time by Standard & Poor’s.
Read MoreIt was another very quiet day on the Aussie market with total market turnover only at 2 Billion shares well down own the daily average. Investors nervous about entering the market at present and larger investors sitting the day out from trading ahead of tomorrow’s June quarter inflation numbers (CPI).
Read MoreBy the close on Tuesday the S&P/ASX200 added 3.4 points or +0.06% on volume of $2.7 billion, closing at 5543.3.
Read MoreTensions reduced but concern over Gaza attack still lifting oil – AUD/USD very quiet ahead of Wednesday’s CPI (June Qtr. 2014 – inflation) release.
Read MoreThe June quarter and financial year inflation data will dominate local business and economic news this week, while offshore there’s the continuing tensions over the downing of MH17 and the invasion of Gaza by Israeli armed forces.
Read MoreDon’t expect the Reserve Bank to be moved by the first significant June quarter Consumer Price Index due for release on Wednesday.
Read MoreCrude oil futures fell a touch on Friday amid continuing international tensions about the shooting down of MH17 and the Israeli invasion of Gaza saw heightened concerns about supply disruptions which in turn kept a floor on prices.
Read MoreFor all the drama and tragedy surrounding the shooting down of MH17, financial markets ended the week in good shape.
Read MoreS&P/ASX200 gained 8.2 points or +0.15% on volume of $2.4 billion, closing at 5539.9.
Read MoreThe Australia stock market finished the day higher as the ASX 200 added 8 points, while the broader All Ordinaries index was up 9.2 points. The volume was very light today and the public holiday in Japan also impacted international trading volumes.
Read MoreSantos (STO) has joined Woodside (WPL) in revealing a sharp rise in revenues.
Read MoreShares in Cardno (CDD), the infrastructure and environmental services consultancy, dipped 3.2% yesterday after the company revealed a downgrade to its earnings guidance for the 2013-14 financial year.
Read MoreDjerriwarrh Investments (DJW), the second of the listed investment companies based in Melbourne and linked to the old JBWere stable of companies, yesterday produced a solid 2013-14 result, with a profit rise of nearly 21% after tax and a final dividend of a steady 16c a share. That takes dividend for the full year to an unchanged 26c a share.
Read MoreHigher gas prices along with higher volumes of oil (and higher oil prices) sold helped to offset a lower level of shipments for Woodside Petroleum (WPL) in the June quarter and for the first half of the year.
Read MoreIf Rupert Murdoch wants to cap his career as a media mogul by grabbing control of rival Time Warner, he will have to bet the company, including the family’s control over it, to succeed. Time Warner has rejected the $US80 billion cash and shares offer from Murdoch’s 21st Century Fox because the equity on offer from Fox consists of non-voting A class shares – the ones the Murdoch family have all but rejected.
Read MoreWorld markets went to risk off overnight, sending prices lower in Europe and the US after the shooting down of a Malaysian Airlines jet over eastern Ukraine and the launching of a ground invasion of Gaza by the Israeli military.
Read MoreBy the closing bell on Friday the S&P/ASX200 gained 9.3 points or +0.17% on volume of $3.4 billion, closing at 5531.7.
Read MoreAs the day worked on, the markets started to calm down as more information over the Malaysia Airlines situation came to light. By the close the All Ordinaries Index (XAO) was up by 0.17 per cent to 5519.1 points.
Read MoreBuried by all the hoo-ha about Rupert Murdoch’s $US80 billion bid for Time Warner was a smaller, but just as significant move in Britain overnight by US cable mogul, and Murdoch nemesis, John Malone, who is the only person to have taken Murdoch to the cleaners in an $US11 billion bit of greenmail in late 2006.
Read MoreKibaran Resources is emerging Tanzanian graphite producer that boasts an existing high-grade JORC-compliant resource base, Scoping Study and most importantly a binding off-take agreement with a European graphite trader.
Read MoreThere’s a misconception in the market that buying bonds means locking away your funds for a long time.
Read MoreSteven Daghlian provides a mid-session financial market update. The Australian market sees its first falls since Wednesday last week.
Read MoreBesides the full bore production and selling of its iron ore from its huge WA mines, Rio Tinto (RIO) has also revealed a considerable improvement in its copper business.
Read MoreWho would have thought that as BHP Billiton (BHP) prepares to sell off its Western Australian nickel operations that a once small exploration company appears to be on the verge of revealing a major new mining province in WA.
Read MoreChina’s economic growth accelerated in the three months to June, with quarter on quarter growth rising by 2%, up from the 1.4% seen in the March quarter.
Read MoreNow for some more facts that again tell us that the Chinese steel industry isn’t falling in a heap, as we have heard time and time again this year (and for the past three years).
Read MoreAfter opening at a 6-year high of 5559.4 points this morning, the Australian market remained steady throughout the day; the All Ords dropping slightly to 5509.9 points for a solid close.
Read MoreBy the closing bell on Thursday the S&P/ASX200 gained 3.5 points or +0.06% on volume of $4.3 billion, closing at 5522.4.
Read MoreInvestors in Australia trying to understand the interest rate securities market will often come across reference to 90 Day Bank Bill Futures. Launched in 1979, the 90 Day Bank Bill was the first interest rate futures contract to be listed outside the US.
Read MoreNote: This article was originally published on Oliver’s Insights on 16 July 2014 and has been republished with permission from the original author.
Read MoreJuliana Roadley provides a mid-session financial market update. At the open of trade the ASX 200 hit a 6 year high of 5559.4 points.
Read MoreBanks and retailers lower, but all eyes on Rio Tinto (RIO) after its strong June quarter production numbers.
Read MoreDespite the sharp fall in global iron ore prices, mining giant, Rio Tinto (RIO) kept its Western Australian iron ore production and selling machine operating at full bore in the six months to June 30.
Read MoreOz Minerals (OZL) yesterday revealed plans to boost copper production over the full year and lift waste removal operations – which saw the shares rise 18c to a day’s high of $4.49, before they turned lower and closed down 0.2% at $4.30. They had been as low as $4.215 during the early afternoon.
Read MoreWe had better than expected news from two mid level miners in Whitehaven Coal (WHC) and Oz Minerals (OZL) in their June quarter production reports released yesterday to the ASX.
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