Markets

Bitcoin just surged to a new record high above $US6,000

Bitcoin’s latest ascent continued overnight, with the price rocketing past $US6,000 amid another surge in demand. The price climbed rapidly from around 9pm last night AEST, and a short time ago was comfortably holding above $US6,000 in weekend trade. This chart shows the sharp rise of more than 5% in […]
Bitcoin just surged to a new record high above $US6,000
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 23,163.04 +5.44 (+0.02%) S&P 500: 2,562.10 +0.84 (+0.03%) AUD/USD: 0.7879 +0.0033 (+0.42%) ASX200 SPI futures (December contracts): 5,798 (-25) 1. Kiwi takes a dive: New Zealand’s labour party secured an unexpected election victory last night through a deal with the NZ […]
6 things Australian traders will be talking about this morning
Markets

There may be a glimmer of hope for housing affordability in Australia

Housing affordability improved slightly in the September quarter but remains at historically low levels, according to latest data from the Housing Industry Association (HIA). In data that may surprise prospective property buyers, the HIA’s Housing Affordability Index showed a small 0.5% improvement in the three months to September. However, it […]
There may be a glimmer of hope for housing affordability in Australia
Markets

5 key factors that will support the Australian dollar

A number of macroeconomic factors will support the Australian dollar at its current level above US78 cents, according to the ANZ bank. Currency strategists Daniel Been and Giulia Lavinia Specchia say any dip below that range would represent a buying opportunity for the currency. Their assessment is in line with […]
5 key factors that will support the Australian dollar
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 23,157.60 +160.16 (+0.70%) S&P 500: 2,561.26 +1.90 (+0.07%) AUD/USD: 0.7847 +0.0002 (+0.03%) ASX200 SPI futures (December contracts): 5,868 (-2) 1. It’s jobs day: Monthly employment figures from the ABS will be released at 11:30am AEST, with the market forecasting more jobs to be added […]
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: 22,997.44 +40.48 (+0.18%) S&P 500: 2,559.36 +1.72 (+0.07%) AUD/USD: 0.7845 -0.0006 (-0.08%) ASX200 SPI futures (December contracts): 5,865 (-6) 1. Dow hits 23,000: The US Dow Jones index briefly hit 23,000 overnight for the first time ever, before closing just below as earnings season […]
6 things Australian traders will be talking about this morning
Markets

Shares in Qantas just climbed to another record high

Qantas shares are roaring ahead, with the stock closing up another 1.74% today at a new record high of $6.42. Today’s move follows a break above $6 per share for the first time earlier this month. It marks a a continued turnaround for the airline, with the stock price almost […]
Shares in Qantas just climbed to another record high
Markets

Australian stocks are on a tear this month

The ASX200 is continuing its recent strong run in afternoon trade, and is on track for its fifth straight session of gains. A short time ago, the index was up another 0.78% and threatening to break through 5,900 for the first time since early May. October has been a big […]
Australian stocks are on a tear this month
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,956.96 +85.24 (+0.37%) S&P 500: 2,557.64 +4.47 (+0.18%) AUD/USD: 0.7851 -0.0045 (-0.44%) ASX200 SPI futures (December contracts): 5,839 (+11) 1. Oil the main mover: In a fairly quiet night for markets, the main focus was on oil prices with benchmark crude closing above $US58 […]
6 things Australian traders will be talking about this morning
Markets

CHARTS: Australian stocks vs. emerging markets in 2017

The ASX200 has struggled to gain traction this year, lagging its global peers across both developed and emerging markets. One of the main reasons has been the under-performance of the banking sector, which came under pressure amid the Federal Government’s bank levy, concerns around systemic risks in the housing market […]
CHARTS: Australian stocks vs. emerging markets in 2017
Markets

GOLDMAN SACHS: The ASX200 could fall 20%

The ASX200 has made a recent break higher, but technical analysts at Goldman Sachs say to be wary of a sharp fall. “Structurally bearish” is how the bank called the local index’s technical chart pattern. And if the patterns holds, the research suggests a sharp correction is in store, with […]
GOLDMAN SACHS: The ASX200 could fall 20%
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,871.72 +30.71 (+0.13%) S&P 500: 2,553.17 +2.24 (+0.09%) AUD/USD: 0.78951 +0.0067 (+0.86%) ASX200 SPI futures (December contracts): 5,766 (-2) 1. US inflation remains subdued: CPI data on Friday night showed that core inflation remains below the US Fed’s 2-3% target, with a monthly rise […]
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: 22,841.01 -31.88 (-0.14%) S&P 500: 2,550.93 -4.31 (-0.17%) AUD/USD: 0.7821 +0.0001 (+0.01%) ASX200 SPI futures (December contracts): 5,766 (-2) 1. Markets track sideways: It was another session of cautious trade overnight, with markets on hold to an extent ahead of key […]
6 things Australian traders will be talking about this morning
Markets

Mantra’s board has approved a $1.2 billion sale to AccorHotels

The board of listed hotels operator the Mantra Group has approved the sale of the company’s shares to Paris-based Accor Group. The announcement follows news on Monday that Accor had made an all-cash offer to buy Mantra for $1.2 billion, or $3.96 per share. Shares in Mantra subsequently surged by […]
Mantra’s board has approved a $1.2 billion sale to AccorHotels
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,872.89 +42.21 (+0.18%) S&P 500: 2,555.24 +4.60 (+0.18%) AUD/USD: 0.7788 +0.0011 (+0.14%) ASX200 SPI futures (December contracts): 5,743 (-2) 1. European tensions ease: Spain’s IBEX stock index rose by 1.3%, as the Catalonian leader stopped short of declaring independence overnight. There’s some good details […]
6 things Australian traders will be talking about this morning
Markets

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

The ASX200 rose for the third time in four days, outperforming most Asian markets on a relatively calm day of trade. Here’s today’s scoreboard: ASX 200: 5,772.10 +33.99 (+0.59%) All Ordinaries: 5,840.80 +33.72 (+0.58%) AUD/USD: 0.7786 +0.0009 (+0.12%) It was another good session for the local index, which has now […]
AUSTRALIAN STOCKS LIFT: Here’s what you need to know
Markets

Australia’s housing market is still flooded with Chinese money

New restrictions on foreign investors are unlikely to stop the flow of housing demand from China, according to Credit Suisse analysts Hasan Tevfik and Peter Liu. And crackdowns on capital outflows by Chinese authorities appear not have slowed China’s appetite for Australian property, the pair say. The latest numbers are […]
Australia’s housing market is still flooded with Chinese money
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,830.68 +69.61 (+0.31%) S&P 500: 2,550.64 +5.91 (+0.23%) AUD/USD: 0.7778 +0.0026 (+0.34%) ASX200 SPI futures (December contracts): 5,733 (+15) 1. Rough night for the US dollar: The greenback is lower against all major currencies this morning and the falls were driven by renewed strength […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS GO NOWHERE: Here’s what you need to know

Australian stocks finished flat in a relatively quiet session, falling into the close after opening higher. Here’s today’s scoreboard: ASX 200: 5,738.10 -1.16 (-0.02%) All Ordinaries: 5,807.10 +1.96 (+0.03%) AUD/USD: 0.7788 +0.0036 (+0.46%) Asian markets had an indifferent lead from global stocks, with low volumes in the US due to […]
AUSTRALIAN STOCKS GO NOWHERE: Here’s what you need to know
Markets

Australian business conditions remain ‘rock solid’

Australian businesses are feeling good, with conditions still at elevated highs while confidence bounced back from a fall in August. The NAB monthly business survey for September show that Australian business conditions are holding steady at a reading of +15, around three times their long run average. Last month’s sharp […]
Australian business conditions remain ‘rock solid’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,761.07 -12.60 (-0.06%) S&P 500: 2,544.73 -4.60 (-0.18%) AUD/USD: 0.7754 +0.0002 +0.03% ASX200 SPI futures (December contracts): 5,704 (-15) 1. Currencies jockey for position: The US dollar index tracked sideways overnight, and it was a similar story for the Aussie despite a slightly more […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks climbed for a second straight day, after posting a 1% gain to close the week on Friday. Here’s today’s scoreboard: ASX 200: 5,739.30 +28.62 (+0.50%) All Ordinaries: 5,805.10 +27.67 (+0.48%) AUD/USD: 0.7766 -0.0012 (-0.15%) It was another strong session for the local index, despite a weaker lead from […]
AUSTRALIAN STOCKS CLIMB: Here’s what you need to know
Markets

Here’s where property flippers make and lose the most money in Australia

New research from CoreLogic shows that if you’ve bought and sold Australian property within the last five years, then chances are you’ve made money. However, the data reaffirms that Australian property is comprised of many markets, and not every one is guaranteed to outperform — particularly over a shorter time […]
Here’s where property flippers make and lose the most money in Australia
Markets

Shares in hotel operator Mantra Group just surged following a takeover offer

Listed hotels operator Mantra Group, Australia’s second-biggest hotels business, has received a $1.2 billion non-binding offer from the Paris-based Accor Group. In an announcement to the ASX this morning, Mantra said it had received an indicative all-cash bid of $3.96 per share, “being $4.02 per share less the final FY17 […]
Shares in hotel operator Mantra Group just surged following a takeover offer
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,773.67 -1.72 (-0.01%) S&P 500: 2,549.33 -2.74 (-0.11%) AUD/USD: 0.7771 +0.0005 (+0.06%) ASX200 SPI futures (December contracts): 5,691 (-6) 1. USD pushed higher again on Friday: And that was despite a fall in monthly jobs for the first time since 2010. But the market […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS TAKE OFF: Here’s what you need to know

The ASX200 closed the week on a high, recording its biggest one-day gain in almost three months. Here’s today’s scoreboard: ASX 200: 5,710.70 +58.93 (+1.04%) All Ordinaries: 5,777.40 +57.09 (+1.00%) AUD/USD: 0.7762 -0.0034 -0.44% Today’s gains pushed the local index 0.5% higher for the week. All the major sectors caught […]
AUSTRALIAN STOCKS TAKE OFF: Here’s what you need to know
Markets

The Australian dollar just fell again after comments from an RBA board member

The Australian dollar just dipped again in afternoon trade following dovish comments from RBA board member Ian Harper. Harper told the Wall Street Journal that the RBA remains concerned about low wage growth, and said Australia’s economic recovery had been “painfully slow“. Currency markets responded by sending the AUD as […]
The Australian dollar just fell again after comments from an RBA board member
Markets

US investors are shunning the Australian share market

One aspect of the Australian investment landscape has become readily apparent in 2017: Australian stocks have stalled. And according to Citi analysts Tony Brennan and Mark Tomlins, part of that has to do with reduced inflows from US investors. Citi also said Australian investors placed a higher amount of money […]
US investors are shunning the Australian share market
Markets

Australian bank stocks could be set for a big month in October

If recent history is anything to go by, then October should be a good month for Australian bank stocks. Research in Paul Copplestone’s “Coppo Report” shows that since 2000, Aussie banks have been the best performing sector on the ASX200. This chart shows how the banks have performed in October […]
Australian bank stocks could be set for a big month in October
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 22,775.39 +113.75 (+0.50%) S&P 500: 2,552.07 +14.33 (+0.56%) AUD/USD: 0.7794 -0.0070 -0.89% ASX200 SPI futures (December contracts): 5,670 (+36) 1. Here comes the USD: The US dollar index is trading at a seven-week high this morning, boosted by a run of […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS GO NOWHERE: Here’s what you need to know

The ASX200 finished a choppy session almost unchanged, after drifting lower into the close. Here’s today’s scoreboard: ASX 200: 5,651.80 -0.26 0.00% All Ordinaries: 5,720.20 +0.56 +0.01% AUD/USD: 0.7829 -0.0034 -0.43% After climbing by around 0.3% in early trade, the ASX200 fell back in the wake of a poor retail […]
AUSTRALIAN STOCKS GO NOWHERE: Here’s what you need to know
Markets

These RBA charts show the weak investment record of Australian companies

It’s been a long-standing gripe of the RBA that in an era of record-low interest rates, Australian companies have been hesitant to make large-scale capital investments. And the central bank’s latest monthly chart pack illustrates that business investment remains low, despite a consistent improvement in Australian business conditions and a […]
These RBA charts show the weak investment record of Australian companies
Markets

Australia’s trade surplus for August beats expectations as exports rise

Australia’s trade surplus for August rose to $989 million in seasonally adjusted terms, beating forecasts for an $850 million surplus. Data from the Australian Bureau of Statistics showed that the August reading was helped by a revision higher to the July surplus, which rose to $808 million from $460 million. […]
Australia’s trade surplus for August beats expectations as exports rise
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,661.64 +19.97 (+0.09%) S&P 500: 2,537.74 +3.16 (+0.12%) AUD/USD: 0.7861 0.0027 +0.34% ASX200 SPI futures (December contracts): 5,647 (+19) 1. Global economy on track: The US dollar dipped slightly overnight, even though ISM non-manufacturing data PMIs easily beat expectations. That may be explained in […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks fell sharply for a second straight day, despite yet another strong lead from global markets, and the ASX200 dropped to its lowest closing level since February. Here’s today’s scoreboard: ASX 200: 5,652.10 -49.34 (-0.87%) All Ordinaries: 55,719.60 -44.59 (-0.77%) AUD/USD: 0.7858 +0.0023 (+0.29%) It was another rough session […]
AUSTRALIAN STOCKS TUMBLE: Here’s what you need to know
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,641.67 +84.07 (+0.37%) S&P 500: 2,534.58 +5.46 (+0.22%) AUD/USD: 0.7833 +0.0006 (+0.08%) ASX200 SPI futures (December contracts): 5,694 (+15) 1. USD rally slows for now: After climbing early in overnight trade, the US dollar index finished the session lower as traders assess whether the […]
6 things Australian traders will be talking about this morning
News

6 things you need to know about the Adelaide Football Club

1. The Supreme Court played a key role in setting up the club’s inaugural season in 1991, and it was all to do with arch-rival Port Adelaide. Port almost skipped ahead of the Crows, reaching an agreement in 1990 with the AFL to join the following year. But state football […]
6 things you need to know about the Adelaide Football Club
Markets

The Commonwealth Bank has changed the pay hurdles for its executives after a ‘first strike’ from shareholders

The Commonwealth Bank announced changes in executive remuneration this morning, ahead of its annual general meeting (AGM) in November. “Following concerns raised at the 2016 AGM relating to the Bank’s remuneration framework and measures, the Board consulted widely with stakeholders throughout the year, and undertook a comprehensive review of the […]
The Commonwealth Bank has changed the pay hurdles for its executives after a ‘first strike’ from shareholders
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 22,381.20 +40.49 (+0.18%) S&P 500: 2,510.06 +3.02 (+0.12%) AUD/USD: 0.7856 +0.0007 (+0.02%) ASX200 SPI futures (December contracts): 5,660 (+14) Iron ore benchmark 62% fines: $US62.89/t (-2%) 1. US dollar rally stalls: The USD fell back overnight as markets assessed the impact […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks climbed for the first time this week, following a strong lead overnight from global stock markets. Today’s scoreboard: ASX 200: 5,670.40 +6.12 (+0.11%) All Ordinaries: 5,731.50 +5.98 (+0.10%) AUD/USD: 0.7820 -0.0029 (-0.37%) In a relatively quiet day’s trade, the local market gained some early momentum before running out […]
AUSTRALIAN STOCKS RISE: Here’s what you need to know
Markets

Stricter regulations are coming for new digital currencies in Australia

The Australian Securities & Investment Commission (ASIC) has released a guidance paper on the regulatory framework for initial coin offerings (ICOs) in Australia. “ICOs generally operate by allowing investors to use cryptocurrency (such as bitcoin) to purchase coins via the internet for a set period of time,” ASIC said. “The […]
Stricter regulations are coming for new digital currencies in Australia
Markets

Bitcoin is surging, and it looks like the cryptocurrency may split again

Bitcoin surged back above $US4,000 overnight and kept climbing, a short time ago trading at more than $US4,200. There were smaller gains for Bitcoin Cash, while Ethereum, the second-largest cryptocurrency by market cap, also saw renewed demand. It’s back above $US300 for the first time in two weeks. Bitcoin has […]
Bitcoin is surging, and it looks like the cryptocurrency may split again
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,340.71 +56.39 (+0.25%) S&P 500: 2,507.04 +10.20 (+0.41%) AUD/USD: 0.7853 +0.0035 (-0.44%) ASX200 SPI futures (December contracts): 5,661 (+20) Iron ore benchmark 62% fines: $US64.15/t (-1.2%) 1. Trump’s tax plan has arrived: The full outline is here, and it includes a proposed cut in […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks fell for the third straight day, weighed down by the financials sector. Today’s scoreboard: ASX 200: 5,664.30 -6.68 (-0.12%) All Ordinaries: 5,725.50 -4.11 (-0.07%) AUD/USD: 0.7862 -0.0024 (-0.30%) Although most major sectors edged higher, a 0.24% fall in the financials index was enough to drag the broader ASX200 […]
AUSTRALIAN STOCKS SLIDE: Here’s what you need to know
Markets

Telstra hits a five-year low

Telstra shares are down more than 1.4% in early trade to below $3.50. The last time the share price consistently traded below that figure was in April 2012. The stock has declined in each session so far this week. Here’s the weekly chart: Telstra’s share price has been trending lower […]
Telstra hits a five-year low
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,284.32 -11.77 (-0.05%) S&P 500: 2,496.84 +0.18 (+0.01%) AUD/USD: 0.7887 -0.0049 (-0.62%) ASX200 SPI futures (December contracts): 5,675 (+16) Iron ore benchmark 62% fines: $US64.95/t (+3%) 1. Greenback gains momentum: The US dollar index climbed for the third straight session and the euro is […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks slipped today, weighed down by consumer discretionary stocks and financials. Today’s scoreboard: ASX 200: 5,671.00 -12.73 (-0.22%) All Ordinaries: 5,729.60 -12.14 (-0.21%) AUD/USD: 0.7938 -0.0001 -0.01% The ASX200 financials index was down 0.43%, with the big banks mixed. NAB and Westpac both edged higher, while ANZ lost 0.4% […]
AUSTRALIAN STOCKS FALL: Here’s what you need to know
News

Solomon Lew’s Premier Investments is getting walloped

Solomon Lew’s Premier Investments continues to face selling pressure, a day after announcing its full-year results. The fashion retail business, which owns brands such as Smiggle, Just Jean, Portmans and Peter Alexander, and is run by former DJs CEO Mark McInnes, saw its shares drop 2.5% drop yesterday following the […]
Solomon Lew’s Premier Investments is getting walloped
Markets

The budget is $4.4 billion better off than forecast

The federal government’s final cash deficit for 2016/17 was $33.2 billion — $4.4 billion less than the $37.6 billion forecast in May. The reduction was driven by higher taxes from company profits and capital gains from the property market, combined with reduced spending on welfare. The improvement in the budget […]
The budget is $4.4 billion better off than forecast
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,296.09 -53.50 (-0.24%) S&P 500: 2,496.66 -5.56 (-0.22%) AUD/USD: 0.7935 -0.0002 (-0.03%) ASX200 SPI futures (December contracts): 5,685 (+14) Iron ore benchmark 62% fines: $US63.06/t (-0.8%) 1. US dollar on the rise: The greenback strengthened in overnight trade, as uncertainty stemming from the rise […]
6 things Australian traders will be talking about this morning
Markets

REPORT: Shinzo Abe is about to call a snap election in Japan

Japanese Prime Minister Shinzo Abe is expected to call a snap election at a news conference this evening at 7pm AEST, according to a Reuters report. The election is likely to be scheduled for next month. Reuters says Abe is hoping to capitalise on a recent surge in ratings amid […]
REPORT: Shinzo Abe is about to call a snap election in Japan
Markets

Australia’s east coast energy crisis may intensify amid renewed gas shortfall

An increased shortfall in gas supplies for Australia’s east coast may force the government to enact further restrictions on Queensland producers. According to a report in The Australian, the latest forecast from the Australian Energy Market Operator (AEMO) predicts that gas shortages could be as much 107 petajoules (PJ) beneath […]
Australia’s east coast energy crisis may intensify amid renewed gas shortfall
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,349.59 -9.64 (-0.04%) S&P 500: 2,502.22 +1.62 (+0.06%) AUD/USD: 0.7956 +0.0002 (+0.03%) ASX200 SPI futures (December contracts): 5,679 (+7) Iron ore benchmark 62% fines: $US63.56/t (-3.8%) 1. Politics drives early action in currencies: German chancellor Angela Merkel won a fourth term in government overnight […]
6 things Australian traders will be talking about this morning
Markets

AUSTRALIAN STOCKS CLAW BACK GAINS: Here’s what you need to know

Australian stocks closed higher to gain back some of yesterday’s losses, but still finished the week down 0.2%. Today’s scoreboard: ASX 200: 5,682.10 +26.68 (+0.47%) All Ordinaries: 5,740.60 +23.87 (+0.42%) AUD/USD: 0.7945 +0.0014 +0.18% The ASX200 financials index bounced back, rising by 0.92% with all of the big four banks […]
AUSTRALIAN STOCKS CLAW BACK GAINS: Here’s what you need to know
Markets

Rio Tinto announces $2.5 billion buyback, shares rise

Rio Tinto announced a $2.5 billion share buyback today, following the sale of its subsidiary Coal & Allied. Rio said that it would be returning part of the proceeds of the sale — a $2.45 billion all-cash deal — back to shareholders by way of a $700 million off-market buyback. […]
Rio Tinto announces $2.5 billion buyback, shares rise
Markets

The Australian dollar is unlikely to follow falling iron ore prices

The Aussie dollar is likely to remain resilient in the face of falling iron ore prices, ANZ says. Prices for iron ore benchmark 62% fines crashed by another 5% overnight. That took losses over the previous six sessions to 13.7%, amid market speculation that Chinese steelmakers are curbing production. Business […]
The Australian dollar is unlikely to follow falling iron ore prices
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 22,359.23 -53.36 (-0.24%) S&P 500: 2,500.60 -7.64 (-0.30%) AUD/USD: 0.7933 +0.0099 (-1.23%) ASX200 SPI futures (December contracts): 5,661 (+19) Iron ore benchmark 62% fines: $US66.09/t (-5.1%) 1. AUD takes a bath: The Aussie dollar fell by more than 1% overnight as […]
6 things Australian traders will be talking about this morning
Markets

Australian stocks are tanking

The ASX200 is tanking today. The index fell by as much as 1.2% in early afternoon trade, before some buyers stepped in. A short time ago it was down by 0.86%, with the mining and materials sectors leading the falls. In the Asia-Pacific region, selling appears to be specific to […]
Australian stocks are tanking
Markets

CBA announces leadership change, flags sale of its asset management division

Commonwealth Bank has announced a change in its leadership team this morning. Annabel Spring, CBA’s head of wealth management, will leave the bank in December. Her departure follows the finalisation of the sale of CBA’s CommInsure life insurace division. In a separate ASX announcement this morning, the company said that […]
CBA announces leadership change, flags sale of its asset management division
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,412.59 +41.79 (+0.19%) S&P 500: 2,508.24 +1.59 (+0.06%) AUD/USD: 0.8033 +0.0023 (+0.29)% ASX200 SPI futures (December contracts): 5,702 (+3) Iron ore benchmark 62% fines: $US69.65/t (+1.2%) 1. Fed holds with a hawkish lean: The US Federal Reserve kept rates on hold and announced plans […]
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: 22,370.80 +39.45 (+0.18%) S&P 500: 2,506.65 +2.78 (+0.11%) AUD/USD: 0.8010 0.0049 (0.62%) ASX200 SPI futures (Sept contracts): 5,727 (+13) Iron ore benchmark 62% fines: $US68.85/t (-4%) 1. More of the same: Overnight price action saw a continuation of recent trends, with no major moves […]
6 things Australian traders will be talking about this morning
Markets

India’s Nifty 50 stock index is on a tear

India’s benchmark stock index — the Nifty 50 — broke out of its recent trading range to close at a new record high yesterday. After climbing above 10,000 points for the first time in late July, the index dipped to a recent low of 9,710.80 on August 11. But further […]
India’s Nifty 50 stock index is on a tear
Markets

The RBA says a stronger dollar from here might hurt the Australian economy

The minutes from the Reserve Bank of Australia’s (RBA) September policy meeting have been released, and the bank’s discussions were broadly in line with the market’s expectations. The Australian dollar was little-changed in the wake of the release. Despite that, in the bank’s outlook for monetary policy in September, committee […]
The RBA says a stronger dollar from here might hurt the Australian economy
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,331.35 +63.01 (+0.28%) S&P 500: 2,503.87 +3.64 (+0.15%) AUD/USD: 0.7958 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,727 (+7) Iron ore benchmark 62% fines: $US71.76/t (-1.2%) 1. Aussie goes off the boil: The AUD slipped back below US80 cents overnight as iron ore prices […]
6 things Australian traders will be talking about this morning
Markets

There’s been a huge sell-off in Australian government bonds

The sell-off in Australian government bonds has continued on Monday. The yield on the benchmark 10-year government bond pushed past 2.8%, for the first time since March. It follows a sharp rise in bond yields last week of around 15 basis points: Bond yields rise as prices fall. With the […]
There’s been a huge sell-off in Australian government bonds
Markets

Same-sex marriage could be a $650 million boost to the Australian economy

The legalisation of same-sex marriage in Australia could contribute more than $650 million to the economy annually. That’s according to ANZ senior economist Cherelle Murphy, who’s run some numbers on what benefits may flow if a “yes” vote is signed into law. Murphy said that most of the gains would […]
Same-sex marriage could be a $650 million boost to the Australian economy
Markets

Weekly clearance rates suggest Melbourne’s housing market is outpacing Sydney

Clearance rates for Australian auctions were little-changed last week, with the Melbourne market driving higher volumes. CoreLogic’s preliminary weekly auction clearance data showed a national clearance rate of 70.3% — just up from 70.2% and 70.0% in the preceding two weeks respectively. The figures were consistent with recent results which […]
Weekly clearance rates suggest Melbourne’s housing market is outpacing Sydney
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 22,268.34 +64.86 (+0.29%) S&P 500: 2,500.23 +4.61 (+0.18%) AUD/USD: 0.7996 -0.0008 (-0.10%) ASX200 SPI futures (Sept contracts): 5,708 (+16) Iron ore benchmark 62% fines: $US72.97/t (-1.02%) 1. Positive start for Aussie stocks? The ASX200 looks set for a better opening this morning after a […]
6 things Australian traders will be talking about this morning
Markets

ANZ: Two rate hikes are coming in early 2018

ANZ’s new forecasting tool is currently predicting that the Reserve Bank will get hawkish sooner rather than later. How hawkish? The bank’s Bias Index — introduced last month — is currently forecasting two rate increases in the first half of 2018. The Bias Index formulates a predictive model for the […]
ANZ: Two rate hikes are coming in early 2018