Markets

A key measure of US shale oil production just hit a 10-month high

Oil prices are at a three-year high above $US70 a barrel, but Commonwealth Bank’s commodities team expects increased supply to weigh on prices later this year. Last week, the bank forecast prices to fall to $US53 a barrel by Q4 2018 as US shale oil producers take advantage of increased […]
A key measure of US shale oil production just hit a 10-month high
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 26,616.71 +223.92 (+0.85%) S&P 500: 2,872.87 +33.62 (+1.18%) AUD/USD: 0.8110 +0.0082 (+1.02%) ASX200 SPI futures (March contracts): 6,015 (+30) 1. The US dollar is still weak: The USD index finished lower again in an unusual session to end the week, as members of the […]
6 things Australian traders will be talking about this morning
Markets

New research suggests a price crash in global lithium markets is unlikely

The global lithium industry is subject to complex supply and demand factors, but prices are unlikely to crash in the near future. That’s according to research from Benchmark Mineral Intelligence (BMI), which provides an index for lithium pricing. Analysts Andrew Miller and Simon Moores aimed to clarify some of the […]
New research suggests a price crash in global lithium markets is unlikely
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 26,252.12 +41.31 (+0.16%) S&P 500: 2,837.82 -1.31 (-0.05%) AUD/USD: 0.8076 +0.0075 +(0.94%) ASX200 SPI futures (December contracts): 5,986 (-15) 1. US dollar tanks again: The US dollar index (DXY) is down more than 1% in the wake of protectionist comments from members of the […]
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: 26,213.82 -0.78 (0.00%) S&P 500: 2,839.38 +6.41 (+0.23%) AUD/USD: 0.7998 -0.0018 (-0.22%) ASX200 SPI futures (December contracts): 6,003 (+17) 1. Rough night for commodities: Copper fell by 2% to a one-month low as inventory figures revealed high levels of supply. And spot prices for […]
6 things Australian traders will be talking about this morning
Markets

Growth in rental yields in Australia’s capital cities is flat

Growth in rental yields has slowed to a crawl in housing markets across Australia’s capital cities. Data from CoreLogic for the 2017 December quarter growth showed rental rate increases were flat for the combined capital cities, down slightly from 0.1% growth in the previous quarter. “Across the individual capital cities, […]
Growth in rental yields in Australia’s capital cities is flat
Markets

Australian household confidence just took a hit for the first time in 2018

Australian consumer confidence just fell back to earth with a thud, falling sharply from a four-year high the previous week. The ANZ-Roy Morgan Australian consumer confidence index declined by 3.3% to a reading of 119.4. The decline was driven by a particularly steep decline in sentiment towards current household finances, […]
Australian household confidence just took a hit for the first time in 2018
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 26,196.90 +125.18 (+0.48%) S&P 500: 2,831.18 +20.88 (+0.74%) AUD/USD: 0.8015 +0.0017 (+0.21%) ASX200 SPI futures (December contracts): 5,966 (+28) 1. It was more of the same in US stocks overnight, as the S&P500 climbed to another record with a boost from news that the […]
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: 26,071.72 +53.91 (+0.21%) S&P 500: 2,810.30 +12.27 (+0.44%) AUD/USD: 0.7998 -0.0001 (-0.01%) ASX200 SPI futures (December contracts): 5,980 (+30) 1. The US government shut down on Friday after Congress failed to pass a temporary funding bill. Lawmakers will meet for further debate later today, […]
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: 26,025.27 -90.38 (-0.35%) S&P 500: 2,798.42 -4.14 (-0.15%) AUD/USD: 0.7996 +0.0029 (+0.36%) ASX200 SPI futures (March 2018 contracts): 5,970 (+18) 1. Bond yields break higher: The move was synchronised across global markets amid an increasingly positive economic growth backdrop, helped by China’s solid Q4 […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin is making a storming comeback

Cryptocurrency dip buyers have returned after Bitcoin crumbled through key support and hit a low of less than $US10,000 overnight. But the gains seen earlier this morning have solidified in Asian trade, and Bitcoin has now bounced by almost 20% today off its overnight low. And the buying has extended […]
Bitcoin is making a storming comeback
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 26,115.65 +322.79 (+1.25%) S&P 500: 2,802.38 +25.96 (+0.94%) AUD/USD: 0.7992 +0.0031 (+0.39%) ASX200 SPI futures (March 2018 contracts): 5,972 (+12) 1. AUD breaks through US80 cents: The Aussie got a boost from plenty of risk-on sentiment in overnight markets and reached a high earlier […]
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: 25,792.86 -10.33 (-0.04%) S&P 500: 2,777.58 -8.66 (-0.31%) AUD/USD: 0.7961 -0.0005 (-0.06%) ASX200 SPI futures (March 2018 contracts): 5,963 (-29) 1. Commodities under pressure: Oil is down more than 1% from its three-year high, with talk of increased US production and technical resistance appearing […]
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: 25,803.19 (unchanged) S&P 500: 2,786.24 +18.68 (unchanged) AUD/USD: 0.7971 +0.0054 (+0.68%) ASX200 SPI futures (March 2018 contracts): 6,013 (-13) 1. It was a case of another day, another round of US dollar selling as the greenback slid further against all the major pairs. The […]
6 things Australian traders will be talking about this morning
Markets

The Australian dollar has had another strong session

The AUD has kicked off the week with a bang. And if the current uptrend continues, it looks likely to break through the US80c mark — for the first time since last September — sooner rather than later. Here’s today price action on a five-minute chart, via Investing.com: While that […]
The Australian dollar has had another strong session
Markets

An Australian fund manager says cryptocurrencies are ‘useless’

Financial experts are split in their opinions when it comes to cryptocurrencies. But Australian fund manager Michael Glennon is well and truly in the bearish camp. In an opinion piece for the Australian Financial Review, the founder of Glennon Capital referred to bitcoin as a “quasi-ponzi scheme”. Glennon Capital is […]
An Australian fund manager says cryptocurrencies are ‘useless’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,803.19 +228.46 (+0.89%) S&P 500: 2,786.24 +18.68 (+0.68%) AUD/USD: 0.7917 +0.0025 (+0.32%) ASX200 SPI futures (March 2018 contracts): 5,991 (-6) 1. Euro hits a three-year high: The latest move was driven by political developments, as German Chancellor Angela Merkel announced a ruling coalition deal […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 25,570.33 +201.20 (+0.79%) S&P 500: 2,767.12 +18.89 (+0.69%) AUD/USD: 0.7891 +0.0048 (+0.61%) ASX200 SPI futures (March 2018 contracts): 6,020 (+7) 1. The euro rose sharply after currency traders deemed the minutes from the European Central Bank’s December meeting were more hawkish […]
6 things Australian traders will be talking about this morning
Markets

The Australian dollar is up and about

The Aussie dollar is sharply higher after monthly retail sales data smashed expectations. Australian retail sales in November rose by 1.2%, easily beating expectations of a 0.4% rise. Currency traders responded by immediately driving the Aussie up to 0.7870 US cents from 0.7840 US cents. There was a brief pullback, […]
The Australian dollar is up and about
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,370.07 -15.73 (-0.06%) S&P 500: 2,748.18 -3.11 (-0.11%) AUD/USD: 0.7838 +0.0014 (+0.18%) ASX200 SPI futures (March 2018 contracts): 6,031 (-15) 1. US bond yields jumped again overnight, after Chinese authorities indicated they may scale back their purchases of US treasuries. The yield on benchmark […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS FALL: Here’s what you need to know

The ASX200’s five-day winning streak came to an end, as the market dipped by 0.64% to close at 6,096.70. The local market was unable to follow another solid global lead, and also under-performed most regional markets in Asia. Mining and energy stocks weighed on the market, with the ASX200 materials […]
AUSTRALIAN STOCKS FALL: Here’s what you need to know
Markets

Oil prices are at their highest levels since 2015

Oil’s rally is continuing, with benchmark Brent crude now trading at a two-year high above $US69 a barrel. Prices climbed by as much as 2% overnight and have since consolidated in Asian trade. It marks a gain of around 11% since mid-December. Developments in the middle east provided the catalyst […]
Oil prices are at their highest levels since 2015
Markets

The ATO is coming for crypto traders

The Australian Tax Office (ATO) is establishing a taskforce to monitor cryptocurrency transactions, according to a report in The Australian Financial Review. The taskforce aims to ensure cryptocurrency investors are paying the correct amount of tax. A team of specialists across tax law, technology, banking and finance will devise strategies […]
The ATO is coming for crypto traders
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,392.53 +109.53 (+0.43%) S&P 500: 2,753.58 +5.87 (+0.21%) AUD/USD: 0.7820 -0.0023 (-0.29%) ASX200 SPI futures (March 2018 contracts): 6,105 (+17) 1. Bonds sold off: Bond yields rose across the globe overnight following yesterday’s decision by the Bank of Japan (BoJ) to taper its bond […]
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: 25,280.16 -15.71 (-0.06%) S&P 500: 2,748.02 +4.87 (+0.18%) AUD/USD: 0.7842 -0.0022 (-0.28%) ASX200 SPI futures (March 2018 contracts, 20 minute delay): 6,089 (+8) 1. US dollar holds ground: The greenback climbed against the euro for the second straight session, despite a Eurozone economic sentiment […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS HOLD: Here’s what you need to know

The ASX200 was little changed in a quiet session to start the week, rising by 0.13% to close at 6,130.40. Financial stocks — the biggest sector on the local index by market capitalisation — dragged the market higher as most other major sectors finished in the red. CBA was the […]
AUSTRALIAN STOCKS HOLD: Here’s what you need to know
Markets

6 things Australian traders will be talking about this morning

Good morning and happy new year. To the scoreboard: Dow: 25,295.87 +220.74 (+0.88%) S&P 500: 2,743.15 +19.16 (+0.70%) AUD/USD: 0.7864 +0.0028 (+0.36%) ASX200 SPI futures (March 2018 contracts): 6,092 (+18) 1. Global stock sentiment stays bullish: The ASX200 looks set to open higher as US stocks capped a 2.6% weekly […]
6 things Australian traders will be talking about this morning
News

Amazon and Google are about to step up their war for the future of technology

Amazon Alexa and Google Assistant are battling for supremacy in voice search. At the CES trade show, which begins in Las Vegas this week, gadget manufacturers will show off their latest products using Alexa and Assistant. Amazon has aggressively pushed Alexa everywhere, gaining dominance. Now, it’s slowly but slyly turning […]
Amazon and Google are about to step up their war for the future of technology
Markets

The CEO of Dash — a major cryptocurrency — says the market is speculative and some of Bitcoin’s value may be ‘phantom’

Cryptocurrency activity shifted into overdrive in the second half of this year. The combined market capitalisation of all cryptocurrencies has exploded, now exceeding $US600 billion, and exchanges are struggling to keep up with demand. It’s all taking place amid high volatility, suspicions of market manipulation, and warnings from central bankers […]
The CEO of Dash — a major cryptocurrency — says the market is speculative and some of Bitcoin’s value may be ‘phantom’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,746.28 -8.47 (-0.03%) S&P 500: 2,681.98 +0.51 (+0.02%) AUD/USD: 0.7664 +0.0002 (+0.03%) ASX200 SPI futures (March 2018 contracts): 6,016 (-21) 1. Bond winds blowing: Yields on benchmark US 10-year bonds climbed to 2.49% overnight — the highest level since March — and the selloff […]
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: 24,772.01 -20.19 (-0.08%) S&P 500: 2,682.02 -8.14 (-0.30%) AUD/USD: 0.7664 +0.0002 (+0.03%) ASX200 SPI futures (March 2018 contracts): 6,013 (-6) 1. US bonds get sold off: Benchmark US 10-year bond yields rose 7 basis points to 2.46% — near the highest level since March. […]
6 things Australian traders will be talking about this morning
Markets

Australian households just ended the year on a high

Australian consumers took a more positive view towards their household finances and the broader economy last week. The ANZ-Roy Morgan consumer confidence index rose by 1.2% to end the year at 116.5 — above the long-run average of 112.9. In line with the positive result, sentiment towards current and future […]
Australian households just ended the year on a high
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,793.44 +141.70 (+0.57%) S&P 500: 2,691.22 +15.41 (+0.58%) AUD/USD: 0.7667 +0.0020 (+0.26%) ASX200 SPI futures (December contracts, 20 minute delay): 6,065 (+24) 1. Stocks are flying: The tech-focused NASDAQ is at a new record high above 7,000, while shares in Warren Buffett’s Berkshire Hathaway […]
6 things Australian traders will be talking about this morning
Markets

Sydney was the only city in Australia where house prices fell last week

Sydney was the only property market to fall last week across Australia’s five largest capital cities. Weekly data from CoreLogic showed Sydney house prices fell by 0.3%, with flat growth in Melbourne, Brisbane, Adelaide and Perth. The relative weight of the Sydney market saw prices nationally dragged lower by 0.2% […]
Sydney was the only city in Australia where house prices fell last week
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,651.74 +143.08 (+0.58%) S&P 500: 2,675.81 +23.80 (+0.90%) AUD/USD: 0.7647 -0.0020 (-0.26%) ASX200 SPI futures (December contracts, 20 minute delay): 6,026 (+29) 1. US stocks rose strongly to end the week after key Republican Senators reversed course and cleared the way for tax cut […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 24,509.49 -75.94 (-0.31%) S&P 500: 2,651.78 -11.07 (-0.42%) AUD/USD: 0.7671 +0.0035 (+0.46%) ASX200 SPI futures (December contracts): 6,018 (+5) 1. There was a wave of central bank activity overnight, as ECB President Mario Draghi upgraded growth forecasts although inflation is expected […]
6 things Australian traders will be talking about this morning
Markets

China just lifted interest rates

China has raised borrowing costs for open market operations, following the US Fed’s rate hike earlier this morning. The People’s Bank of China (PBOC) raised the short-term 7-day reverse repo rate by 5 basis points to 2.50%, ForexLive reported. China’s central bank also increased its medium-term lending facility by 5 […]
China just lifted interest rates
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,623.29 +118.49 (+0.48%) S&P 500: 2,666.42 +2.31 (+0.09%) AUD/USD: 0.7631 +0.0073 (+0.97%) ASX200 SPI futures (December contracts): 6,063 (+36) 1. The US Fed hiked rates by 25 basis points as expected, to a range of 1.25% — 1.50%. The Fed slightly upgraded its growth […]
6 things Australian traders will be talking about this morning
Markets

Philip Lowe calls Bitcoin a ‘speculative mania’

Australia’s central bank has no plans to issue digitised Australian dollars based on blockchain technology anytime soon, RBA Governor Philip Lowe says. In a speech this morning titled “An eAUD”?, Lowe also said cryptocurrencies had emerged as another payment option, although recent price-action in the sector was fueled more by […]
Philip Lowe calls Bitcoin a ‘speculative mania’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,515.40 +129.37 (+0.53%) S&P 500: 2,664.42 +4.43 (+0.17%) AUD/USD: 0.7560 +0.0033 (+0.44%) ASX200 SPI futures (December contracts): 6,028 (+10) 1. Inflation, is that you?: The US dollar rose to a one-month high after November producer price inflation (PPI) beat forecasts, in an indication that […]
6 things Australian traders will be talking about this morning
Markets

Beijing’s air pollution is like everyone smoking 3 cigarettes a day

Air quality in industrial Chinese cities has improved over the last year, although pollution levels typically deteriorate further in the upcoming winter months, UBS says. The bank drew its conclusions in an interesting research note on Chinese air quality. It follows earlier research in November, in which UBS said China’s […]
Beijing’s air pollution is like everyone smoking 3 cigarettes a day
Markets

Australian business sentiment declined sharply in November

Australian business conditions reversed sharply in November after hitting an all-time high the previous month. The NAB’s monthly survey of Australian companies showed business conditions declined to a reading of +12 — a 9 point drop from October — with steep monthly falls in trading and profitability. In addition, the […]
Australian business sentiment declined sharply in November
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,356.92 +27.76 (+0.11%) S&P 500: 2,657.02 +5.52 (+0.21%) AUD/USD: 0.7531 +0.0022 (+0.29%) ASX200 SPI futures (December contracts): 6,016 (+12) 1. Global stocks rise again: The S&P500 climbed to another record high, as markets got a boost from energy stocks overnight amid news that Britain’s […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin futures trading is off to a flying start

Trading in Bitcoin futures on the Chicago-based Cboe exchange commenced this morning at 10:00am AEDT (Australian time). And futures traders took a bullish stance on the cryptocurrency, as underlying bitcoin prices rose steadily throughout the day. Shortly after midday AEDT, a total of 890 futures contracts had been traded, the […]
Bitcoin futures trading is off to a flying start
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,329.16 +117.68 (+0.49%) S&P 500: 2,651.50 +14.52 (+0.55%) AUD/USD: 0.7509 -0.0001 (-0.01%) ASX200 SPI futures (December contracts): 6,024 (+23) 1. ASX200 poised to open higher: The local index looks set to extend its recent gains, following a strong lead from global markets on Friday […]
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: 24,205.17 +64.26 (+0.27%) S&P 500: 2,637.48 +8.21 (+0.31%) AUD/USD: 0.7513 -0.0050 (-0.66%) ASX200 SPI futures (December contracts): 6,002 (+21) 1. AUD is in the wars: Yesterday’s surprisingly narrow trade surplus in October further weighed on the Aussie in the wake of Wednesday’s miss on […]
6 things Australian traders will be talking about this morning
Markets

This indicator for Australia’s housing market just hit a 30-year low

The continuing decline of Australian house prices will remain a key theme for the Australian economy next year, according to Morgan Stanley. Ongoing threats to domestic consumption — which comprises 60% of Australia’s economy — were evident yesterday, as Australia’s Q3 GDP growth missed to the downside. The result was […]
This indicator for Australia’s housing market just hit a 30-year low
Markets

Bitcoin climbs past $US14,000 as demand continues to skyrocket

Bitcoin briefly passed the $US14,000 mark a short time ago — marking a gain of more than $US2,000 in the last 24 hours. Prices on Coinbase — one of the largest US trading platforms — hit a high of $US14,344.22 just before 10am this morning AEDT, according to CNBC. However, […]
Bitcoin climbs past $US14,000 as demand continues to skyrocket
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,139.60 -41.04 (-0.17%) S&P 500: 2,629.72 +0.15 (+0.01%) AUD/USD: 0.7563 -0.0045 (-0.59%) ASX200 SPI futures (December contracts): 5,969 (+18) 1. The AUD is still under pressure following yesterday’s disappointing GDP report, while the CAD got sold off after a dovish interest rate announcement by […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin just rocketed to another record high

Another day, another surge in value for the world’s biggest cryptocurrency. Prices have rocketed to a record high this afternoon, as the Cboe exchange prepares to launch Bitcoin futures on Monday. Here’s the five-minute price action on the Kraken exchange, via investing.com: John Spallanzani, chief macro strategist at CFI Group, […]
Bitcoin just rocketed to another record high
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,173.62 -116.43 (-0.48%) S&P 500: 2,628.48 -10.96 (-0.42%) AUD/USD: 0.7611 +0.0013 (+0.24%) ASX200 SPI futures (December contracts): 5,954 (-26) 1. It’s GDP day: The report card on Australia’s economic growth in the September quarter will be released at 11:30am AEDT. The median forecast is […]
6 things Australian traders will be talking about this morning
Markets

ANZ: Markets are too bearish towards the Australian dollar

The Aussie dollar has been in a broad downtrend since September, having lost around 6% after reaching a 2017 high above US80 cents. And recently, currency markets have been focused on the declining yield spread between US and Australian government bonds. Yields on US 2-year bonds have risen above the […]
ANZ: Markets are too bearish towards the Australian dollar
Markets

Ashes victory helps gives Australian consumer sentiment a lift

Australian consumer confidence rose last week, with a timely boost from the long-awaited return of summer cricket. The ANZ-Roy Morgan consumer confidence index rose by 0.7% to 115.8, partially offsetting the previous week’s 1.2% fall. Four of the five sub-indexes rose, with households feeling more upbeat about both their finances […]
Ashes victory helps gives Australian consumer sentiment a lift
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,290.05 +58.46 (+0.24%) S&P 500: 2,639.32 -2.90 (-0.11%) AUD/USD: 0.7595 -0.0018 (-0.24%) ASX200 SPI futures (December contracts): 5,969 (-27) 1. Broad strength in the USD: The greenback is higher against all major currencies this morning as markets assess the impact of Friday night’s tax-cut […]
6 things Australian traders will be talking about this morning
Markets

Australian shoppers increased their online retail spending in October

Australian online retails sales bounced back in October following a drop in the previous month, according to new figures from the NAB. The bank’s Online Retail Sales Index — a measure of spending on retail goods — rose by 1.5% in October in seasonally adjusted terms, after a 0.5% decline […]
Australian shoppers increased their online retail spending in October
Markets

Non-residential construction could be the next big boom for Australia’s economy

Most analysts agree Australia’s apartment-building boom has peaked, and along with it the stable contribution to growth from residential construction. However, Australia is still well-placed to benefit from additional growth in non-residential construction and infrastructure spending, according to Commonwealth Bank senior economist Katrina Clifton. Clifton said the positive impact will […]
Non-residential construction could be the next big boom for Australia’s economy
Markets

Bitcoin is having a wild ride right now

The Bitcoin roller-coaster is fully operative this morning, with prices collapsing after earlier pushing to new record highs. A short time ago, Bitcoin’s value reached a record high of $US11,829 on the Bitfinex exchange, then subsequently tanked by $US1,600 to $US10,329. And just as quickly, it’s back on the rebound. […]
Bitcoin is having a wild ride right now
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,231.59 -40.76 (-0.17%) S&P 500: 2,642.22 -5.36 (-0.20%) AUD/USD: 0.7596 -0.0018 (-0.24%) ASX200 SPI futures (December contracts): 5,991 (-6) 1. Wild session for global stocks on Friday: ASX200 futures traders are betting on a slightly lower open to start the week, although big miners […]
6 things Australian traders will be talking about this morning
Markets

House price growth in Australia has halved in the last six months

Australia’s housing market continues to cool, with property in Sydney seeing its biggest quarterly fall since March 2016. The CoreLogic Home Value Index for November showed that home prices remained flat across the country in average weighted terms, as they did in October. Quarterly price growth across capital cities and […]
House price growth in Australia has halved in the last six months
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard. Dow: 24,263.75 +323.07 (+1.35%) S&P 500: 2,647.08 +21.01 (+0.80%) AUD/USD: 0.7566 -0.0005 (-0.07%) ASX200 SPI futures (December contracts): 6,000 (+14) 1. Tax bill ignites US stocks: Proposed tax reform laws in the US cleared another major hurdle overnight as John McCain approved […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS SLIDE: Here’s what you need to know

The ASX200 closed back below the 6,000 mark, reversing yesterday’s gains as mining and financial stocks finished lower. Today’s scoreboard: ASX200: 5,969.90 -41.22 (-0.69%) All Ordinaries: 6,057.20 -38.85 (-0.64%) AUD/USD: 0.7589 +0.0018 (+0.24%) The falls followed a relatively weak global lead, led by a selloff in big US tech companies […]
AUSTRALIAN STOCKS SLIDE: Here’s what you need to know
Markets

Australia’s business investment outlook is strengthening

Australia just had another solid reading on business investment. Data for the September quarter showed capex rose by 1% to $29.368 billion in seasonally adjusted chain volume terms. The result was in line with forecasts. Looking ahead, the fourth estimate for total CAPEX spend in the 2017/18 financial year rose […]
Australia’s business investment outlook is strengthening