By Greg Peel"Considerable risk in Europe certainly remain," note the Deutsche Bank Australian equity strategists, "but with changes in key governments there may be progress from here".
The Australian share market is trading flat at lunchtime in the East, following another volatile offshore session. US stocks were relatively stable heading into the last hour of trade, before ratings agency Fitch warned of contagion risks to US banks if the European sovereign debt crisis intensifies.
BHP Billiton ((BHP)) lifted its profits for shareholders by no less than 75% in the year to June and Rio Tinto ((RIO)) is expected to have achieved near 100% growth for the year to December when the company reports its full year numbers in February.
By Greg PeelThe Dow fell 190 points or 1.6% while the S&P lost 1.7% to 1236 and the Nasdaq dropped 1.7%.
If energy-efficiency policies, price reforms, new emissions-free infrastructures and increased renewable energy subsidies aren't firmly in place by 2017 then it might become too late to turn back the tide against the effects of climate change, according to the recently released World Energy Outlook by the IEA (International Energy Agency).
China and South Korea's planned investment in offshore wind farms amounting close to $25 billion in the near term could also impact on the rare earths production.
Investing in gold would be a good way to rebalance the portfolio of pension funds and other institutional investors before the European sovereign debt crisis turns for the worse, a bullion expert advised.
AAIC Bullion Refineries Group Limited (ABRG, Frankfurt Xetra: 1AB) today announced the appointment of Ms. Shareena Martin as Group Finance Director.
Some 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.
"Enormous Consolidation" Expected In Gold Mining In 2012By Justin Dove, Investment U ResearchIn late September, Dr.
Credit cards may soon go the way of the dinosaur as increasingly mobile smart phones usurp plastic for instant payments.
AUD/USD Weekly Forecast
The aviation industry is going to be key to economic growth, whether that’s through green aviation or commercial flight, through military aircraft development or recreational flight teams. Whatever the method may be to encourage the aviation industry, growing this industry is vital to growing a country’s economy as well.
- Deutsche Bank initiates on Ausdrill with a Buy- the stock now enjoys five positive ratings out of five- Solid order book and valuation are supportiveBy Chris ShawMining services companies are well supported by equity brokers at the present point in the commodities boom, as evidenced by integrated ...
By Greg PeelThe Dow closed up 17 points or 0.1% while the S&P gained 0.5% to 1257 and the Nasdaq jumped 1.
Despite estimated cash earnings of $1.75 billion for the first three months of its financial year, the Commonwealth Bank of Australia (CBA) is not very optimistic on its outlook for the months ahead due to the challenging operating conditions.
- Oil and US equities now strongly correlated- Iran an emerging oil market issue- Suggests higher prices given tight fundamentals- US production growth may become more consistentBy Chris ShawAccording to US Energy Information Administration (EIA) figures, crude oil and the S&P500 Index have had a cl...
FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons explains as to why the outlook has turned bullish for EUR/USD.
By Greg PeelTwo weeks ago the spot uranium market remained fairly quiet but expressions of interest for supply began to be sought by buyers.
FNArena is surveying investor sentiment in Australia in an effort to generate, over time, a similarly leading gauge as the AAII Investor Sentiment Survey in the US.
Low investor participation is seeing vacancy rates in Queensland tighten.
Australian shares are expected to start the week higher with the futures market pointing to a 1% gain when trade resumes today.
A non-bank lender has undercut the RBA's rate move, lowering rates on its products by up to 40bps.
- Lynas Corporation closer to first rare earth production- Upside potential still significant even if further delays- Macquarie initiates with an Outperform ratingBy Chris ShawWith the Mount Weld Rare Earth Project close to first production, market interest in Lynas Corporation ((LYC)) is growing.
Citibank will take the wraps off a new broker segmentation strategy in coming months, following the appointment of new head of broker distribution Aaron Milburn to drive its third party push.
Research findings published today by market researcher Newspoll suggest that almost half of Australians are 'supermarket grazers', who admit helping themselves to free produce while shopping in supermarkets.
Chinese crude steel output has fallen nearly 10% since last May as the slowdown in Australia's most important export partner continues.
The 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.
10th November 2011By Peter Switzer, founder of the Switzer Super ReportIt was always going to come, and now Italy has become the new Greece.
Thai firm Mitr Phol Sugar Corporation offered on Wednesday A$4.45 per share cash price for stocks of Australian sugar producer MSF to hike its stake in the company. Mitr Phol currently owns 22 per cent of MSF. The offers values MSF at A$313 million
