The Overnight Report: And On The Seventh Day
By Greg PeelThe Dow closed up 75 points or 0.6% while the S&P rose 0.7% to 1289 and the Nasdaq added 0.
Wanted: a proper understanding of personal finance
Sadly, it was no big surprise to read a recent article in The Wall Street Journal setting out in stark detail how poorly many Americans look after their personal finances.
Early Warning for Alzheimer’s could become available in the next twelve months
Researchers have developed a technique that can warn patients if they will suffer from Alzheimer's at least ten years before the symptoms manifest.
Australians relaxed in facing high mortgages
Australians may be swimming in debt but that doesn't mean they're worried about it. A recent survey from insurance provider Genworth found that although most Australian home owners are among the most indebted in the world they have no problems borrowing more than their means.
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Forex Market Insight 06/09/2011
The AUD has found support back at 1.0600 and the market believes the most likely move in the near term will be a retracement back up to the top of the trading range at 1.0760. That said, today’s employment numbers, due at 11.30am AEDT, could be a game changer. A number below 20k could see the AUD’s outlook shift to bearish.
Updates: Stockland Shows Its New $7 Billion Approach
Two statements from Stockland Holdings yesterday failed to have a dramatic impact on the share price, but they did show the way the company is changing its orientation.
Affordability edges up, but buyers still wary
Housing affordability has seen a slight improvement, but the REIA has claimed affordability still constitutes a significant hurdle for homebuyers.
Industry unites in final exit fee fight
Leading mortgage brokers and non-banks have thrown aside normal competitive pressures to join forces in a last stand against the government's impending ban on exit fees, which is set to come into force on 1 July.
The Overnight Report: OPEC Implosion
By Greg PeelThe Dow closed down 21 points or 0.2% while the S&P lost 0.4% to 1279 and the Nasdaq was hit 1.
Lady CEO takes charge at Sydney Airport
For the first time, Australia's biggest airport will be managed by a woman effective on 1 July, the company said as Ms Kerrie Mather has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Sydney Airport.
Japan: Foreigners Still Like Shares
Foreign investors are not letting Japan's rough trot upset them, or the fear of a credit rating downgrade worry them; they are continuing to load up on Japanese securities, according to figures released yesterday.
Australia’s commodity bubble ready to burst?
The current conditions in the commodity markets may represent an unsustainable bubble which is open to a sudden correction, warns a new report from Standard and Poor’s global rating service.
Bradken's Upside Outweighs ESCO License Loss
- Bradken's recent capital raising has strengthens balance sheet- Increased scope for bolt-on acquisitions- Moelis sees value leading into an earnings growth acceleration post FY12By Chris ShawAt the end of last month Bradken ((BKN)) reiterated full year earnings guidance for a result in EBITDA...
NZ50 outperforms ASX 200
As the Australian share market went down for a sixth consecutive trading day, investors went to the New Zealand markets, which rose close to 20 points to 3525.39, a change of about 56 percent.
Brent Surges Ahead Of West Texas
- The Brent-WTI spread has blown out to over US$17- The gap reflects lack of storage at Cushing- The global oil price is US$117/bbl not US$100/bblBy Greg PeelAs explained back in February in an FNArena feature story (Death In West Texas), this year has seen a rapid extension of the usually tight pre...
Iluka In A Sweet Spot
- Iluka has (again) lifted zircon and TiO2 price guidance- Stockbrokers have responed by (again) lifting earnings estimates- Not everyone sees a higher share price aheadBy Chris ShawMineral sands play Iluka ((ILU)) has enjoyed strong price increases for its products in recent months, which has drive...
The Overnight Report: No QE3
By Greg PeelThe Dow closed down 19 points or 0.2% while the S&P lost 0.1% to 1284 and the Nasdaq was basically square.
Australia's eastern states see incomes boost
Better seasonal conditions combined with higher grain and oilseed prices are anticipated to lift cash incomes for grain producing farms in 2010-11, a new report released by ABARES says.
Upside risks takes on markets
Australia's stock market has opened at a modest pace taking on from overnight leads as Wall Street gave up mid-session gains as Federal Reserve chairman Ben Bernanke hinted that further stimulus is required to boost the US economy.
RBA Backs Down
By Greg PeelGoing back a couple of months, no one expected another RBA cash rate rise was likely before August after the June quarter GDP result was in.
Global Markets Overview 06/08/2011
A gloomy economic assessment from Federal Reserve Chairman Ben Bernanke erased an earlier rally in U.S. stocks, sending major indexes in the final minutes of Tuesday's session to their fifth-consecutive drop.
World Market Overview 06/08/2011
The Australian share market closed flat despite investors being buoyed by the central bank's largely unchanged outlook for the domestic economy.
Australian Stock Market Report 06/08/2011
US Federal Reserve Chairman Bernanke acknowledged the recent slowdown in the US economy however gave no indication that the central bank was considering further stimulus.
Fisherman's Friend revamps marketing campaign
Fisherman's Friend throat lozenges have announced a new campaign aimed at double-digit growth for the UK-based brand in Australia and New Zealand.
Japan: Tepco Speculation Sends Market Lower
Tokyo Electric Power Co in Tokyo: the shares are down more than 90% from before the March 11 quake, tsunami and Fukushima nuclear power station disasters.
World Market Overview 06/07/2011
Stocks dropped Monday for a fourth straight day, as concerns about an economic slowdown continued to weigh on investor sentiment.
Africa's Riding The Red Dragon
By Richard (Rick) MillsAhead of the herdAs a general rule, the most successful man in life is the man who has the best information?When I entered the business world, three-fourths of the world was closed ? China, Russia, Vietnam, India, most of Africa.
Where's The Value Post Tabcorp De-Merger?
- Tabcorp completes de-merger of Echo Entertainment- Brokers question value in both entities- Assuming no M&A activity both stocks appear fully pricedBy Chris ShawTabcorp ((TAH)) has completed its de-merger, with the gaming and casino assets commencing trading as separate entities yesterday, as Tabc...
Australian dollar holds steady; in advance of RBA rates decision
Ahead of the central bank’s decision, the Australian dollar was over a third of a US cent trading at 107.13 US cents down by 40 US cents from Monday’s 107.53 US cents.
Uranium Goes Quiet
By Greg PeelAs noted in Nuclear Ist Verboten last week, May ended with the uranium spot price down US50c to US$56.
Forex Market Insight 06/07/2011
No real change for the AUD/USD with the pair remaining trapped in the trading range, with support seen at 1.0600 and resistance at 1.0780
The Overnight Report: S&P 500 Breaks Support
By Greg PeelThe Dow fell 61 points or 0.5% while the S&P fell a more substantial 1.1% to 1286 and the Nasdaq dropped 1.
Africa?s Riding The Red Dragon
By Richard (Rick) MillsAhead of the herdAs a general rule, the most successful man in life is the man who has the best information?When I entered the business world, three-fourths of the world was closed ? China, Russia, Vietnam, India, most of Africa… In 2010, the entire world is wide open, ...
UK House Price Risk For NAB
By Greg PeelMorgan Stanley analysts note that while the recovery of housing supply in the UK remains relatively weak post-GFC, real household disposable income growth continues to be weak.
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