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Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 24,595.76 +68.49 (+0.28%) S&P 500: 2,649.38 -1.69 (-0.06%) AUD/USD: 0.7225 +0.0005 (+0.07%) ASX200 SPI futures (December contracts): 5,637 (-11) 1. ASX futures are pointing slightly lower after a cautious session in the US and Europe overnight, as markets await the next […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,527.27 +157.03 (+0.64%) S&P 500: 2,650.78 +14.00 (+0.53%) AUD/USD: 0.7210 +0.0005 (+0.07%) ASX200 SPI futures (December contracts): 5,604 (+12) 1. The UK pound rallied strongly during a big day of politics in London. The currency jumped higher after markets assessed that Prime Minister Theresa […]
6 things Australian traders will be talking about this morning
Markets

Westpac shareholders hand the company a first strike on executive pay

More than half of Westpac shareholders voted to reject the company’s remuneration report at today’s AGM. If at least 25% of a company’s shareholders reject the report again next year, it will result in a motion to spill the entire board. Westpac chairman Lindsay Maxsted said the rejection “sends a […]
Westpac shareholders hand the company a first strike on executive pay
Markets

And the new Australian space agency is going to… South Australia

The new Australian Space Agency (ASA) headquarters will be established in Adelaide, on the site of the old hospital. SA Premier Steven Marshall made the announcement today alongside Prime Minister Scott Morrison. The ASA will be tasked with tripling the size of Australia’s space industry by 2030. Adelaide is set […]
And the new Australian space agency is going to… South Australia
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,370.24 -53.02 (-0.22%) S&P 500: 2,637.28 -0.44 (-0.02%) AUD/USD: 0.7200 +0.0010 (+0.14%) ASX200 SPI futures (December contracts): 5,604 (+12) 1. US stocks opened higher amid optimism on trade, following reports China is willing to cut tariffs on US auto imports. But momentum faded as […]
6 things Australian traders will be talking about this morning
Markets

Australian business confidence just took a turn for the worse

NAB’s business survey showed Australian business conditions maintained their downward trend in November. In addition, confidence around the outlook fell below its long-term average. NAB’s chief economist Alan Oster highlighted the risks faced by Australian businesses from the recent declines in domestic consumption. Australian business conditions fell noticeably in November, […]
Australian business confidence just took a turn for the worse
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,423.26 +34.31 (+0.14%) S&P 500: 2,637.57 +4.49 (+0.17%) AUD/USD: 0.7180 -0.0026 (-0.36%) ASX200 SPI futures (December contracts): 5,584 (+32) 1. US stocks reversed early losses overnight, initially falling more than 1% before rallying into the close. It followed a rough session for European markets […]
6 things Australian traders will be talking about this morning
Markets

The ATO has forced 300 foreign buyers to sell their Australian property

More than 300 foreign buyers who were in breach of ownership rules have been forced to sell their Australian properties, the government said. In the 2017/18 financial year, the majority of forced sales took place in Melbourne, where the average price of each transaction was $1.13 million. The crackdown on […]
The ATO has forced 300 foreign buyers to sell their Australian property
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,388.95 -558.72 (-2.24%) S&P 500: 2,633.08 -62.87 (-2.33%) AUD/USD: 0.7180 -0.0026 (-0.36%) ASX200 SPI futures (December contracts): 5,637 (-30) 1. Asian markets could be in more more volatility today after US stocks got sold off into the close on Friday night to cap their […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin and other cryptocurrencies are plunging again

Global asset markets have steadied after a volatile week, ahead of all-important US jobs data on Friday. But there’s been another crypto selloff in the Asian session, with Bitcoin now trading at a new 15-month low. Cryptocurrencies haven’t been spared from the selloff in global markets this week. And today […]
Bitcoin and other cryptocurrencies are plunging again
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,947.67 -79.40 (-0.32%) S&P 500: 2,695.50 -4.56 (-0.17%) AUD/USD: 0.7234 -0.0036 (-0.50%) ASX200 SPI futures (December contracts): 5,654 (-3) 1. The Dow slumped by 500 points overnight, before US stocks rallied sharply into the close to almost finish flat. It was the largest intra-day […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,027.07 -799.36 (unchanged) S&P 500: 2,700.06 -90.31 (unchanged) AUD/USD: 0.7268 -0.0071 (-0.97%) ASX200 SPI futures (December contracts): 5,674 (+11) 1. Global stocks remained under pressure overnight after Tuesday’s sharp selloff. European and UK markets both fell more than 1%, amid lingering fears over US-China […]
6 things Australian traders will be talking about this morning
Markets

The key events to watch in the US-China trade war over the next 3 months

Global stocks are getting hammered as markets reassess the risk outlook in US-China trade negotiations. Citi has highlighted four key dates and events to watch over the next two months as negotiations play out. US stocks got belted overnight, as positive sentiment on US-China trade turned to doubt. Many analysts […]
The key events to watch in the US-China trade war over the next 3 months
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,027.07 -799.36 (-3.10%) S&P 500: 2,700.82 -89.55 (-3.21%) AUD/USD: 0.7340 -0.0018 (-0.24%) ASX200 SPI futures (December contracts): 5,627 (-73) 1. Things just got ugly: US stocks slumped overnight as the Dow fell 3.1% — its biggest percentage drop since October 10. Optimism on trade […]
6 things Australian traders will be talking about this morning