Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,532.14 +123.07 (+0.57%) S&P 500: 2,442.253 +17.72 (+0.73%) AUD/USD: 0.7679 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,652 (+27) Iron ore benchmark 62% fines: $US64.25 (-2.06%) 1. Global stocks charge ahead: US stocks closed at a new record high after the market interpreted US […]
6 things Australian traders will be talking about this morning
Markets

GOLDMAN SACHS: Defensive stocks in Australia have ‘nowhere to hide’

Traditionally safe sectors of the Australian stock market are becoming increasingly volatile, according to Goldman Sachs. In a research note titled Australia: Nowhere to Hide, Goldman strategists Matthew Ross, Bill Zu and Jie Ma have assessed the risks facing defensive stocks on the ASX200. Defensive stocks are characterised by their […]
GOLDMAN SACHS: Defensive stocks in Australia have ‘nowhere to hide’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,409.07 +0.55 (+0.001%) S&P 500: 2,425.53 -1.90 (-0.08%) AUD/USD: 0.7640 +0.0002 (+0.03%) ASX200 SPI futures (Sept contracts): 5,647 (-5) Iron ore benchmark 62% fines: $US65.40 (2.1%) 1. Nothing to see here: Global markets remain calm on lower trading volumes ahead of key developments later […]
6 things Australian traders will be talking about this morning
Markets

Ethereum is still crashing, and just fell below $US200

The major crypto-currencies are getting smoked in Asian trade today. Ethereum has lost as much as 8% and a short time ago had fallen below $200 for the first time since May. Meanwhile, Bitcoin was around 6.5% lower. It follows steep falls overnight, when Bitcoin crashed by 7% and Ethereum […]
Ethereum is still crashing, and just fell below $US200
Markets

Aussie consumer confidence is capped until wage growth improves

Australian consumer confidence slipped by 1.3% last week after a 2.4% gain the week prior, but is still holding around its long-term average. The weekly ANZ-Roy Morgan consumer confidence data had a reading of 113 last week, against a historical average of 112.9. “Stepping back from the weekly volatility, it […]
Aussie consumer confidence is capped until wage growth improves
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,408.52 -5.82 (-0.03%) S&P 500: 2,427.43 +2.25 (+0.09%) AUD/USD: 0.7607 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,676 (-1) Iron ore benchmark 62% fines: $US64.05 (2%%) 1. Serenity now: Markets remain quiet, with US stocks little changed on low volumes ahead of earnings season […]
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: 21,414.34 +94.30 (+0.44%) S&P 500: 2,425.18 +15.43 (+0.64%) AUD/USD: 0.7599 -0.0003 (-0.04%) ASX200 SPI futures (Sept contracts): 5,661 (+10) Iron ore benchmark 62% fines: $US62.80 (+1.36%) 1. US jobs report sends bond yields higher: The US economy added more jobs than forecast in June. […]
6 things Australian traders will be talking about this morning
Markets

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

Australian shares closed down almost 1%. The ASX200 fell by almost 1.4% in noon trade, before staging a small rally late in the day. Here’s today’s scoreboard: ASX 200 5703.60 , -55.16 , -0.96% All Ordinaries 5743.90 , -53.63 , -0.93% AUD/USD 0.7596 , 0.0011 , 0.15% Energy stocks led […]
AUSTRALIAN STOCKS SLUMP: Here’s what you need to know
Markets

Banks hit hard as Australian stocks tumble

The ASX200 is down more than 1% in early trade following a weak lead from global markets. A short time ago, the local index was down 1.21% with bank stocks leading the falls. The ASX200 Financials Index was down more than 1.3%. All big four banks were more than 1% […]
Banks hit hard as Australian stocks tumble
Markets

Australian government bonds are caught in the global fixed income sell-off

Australian 10-year government bond yields pushed well above 2.6% early in Friday’s Asian trading session, as the shift underway in global fixed income markets continues. Japanese 10-year government bonds are also selling off, with yields hitting 0.1% for the first time since February. Overnight, minutes from the European Central Bank’s […]
Australian government bonds are caught in the global fixed income sell-off
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,320.04 -158.13 (-0.74%) S&P 500: 2,409.75 -22.79 (-0.94%) AUD/USD: 0.7583 -0.0003 (-0.04%) ASX200 SPI futures (Sept contracts): 5,676 (-23) Iron ore benchmark 62% fines: $US61.96 (-2.1%) 1. Bond winds continue to blow: Global markets were jumpy overnight after minutes from the […]
6 things Australian traders will be talking about this morning
Markets

The euro is going strong and bullish bets are here to stay

It looks like the strength in the euro could be here to stay as traders increase their bullish bets on the currency. Research by John Higgins at Capital Economics shows that non-commercial futures positioning for the euro turned positive in May for the first time in three years. Non-commercial positions […]
The euro is going strong and bullish bets are here to stay
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,478.17 -1.10 (-0.01%) S&P 500: 2,432.54 3.53 (+0.15%) AUD/USD: 0.7604 +0.0001 (+0.01%) ASX200 SPI futures (Sept contracts): 5,726 (+21) Iron ore benchmark 62% fines: $US63.28 (+0.08%) 1. Oil slips and falls: Benchmark crude fell by 3.7% to $US47.79 and US WTI crude prices were […]
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: 21,479.27 Unchanged (holiday) S&P 500: 2,449.01 Unchanged (holiday) AUD/USD: 0.7604 -0.0057 (-0.74%) ASX200 SPI futures (Sept contracts): 5,738 (+6) Iron ore benchmark 62% fines: $US63.23 (-1.75%) 1. AUD gets the wobbles: The Aussie dipped below US76 cents in overnight trade in the fallout from […]
6 things Australian traders will be talking about this morning
Markets

BUFFEROO: The Australian stocks that Warren Buffett might pick

To kick off the new financial year, Credit Suisse has released its annual “Bufferoo” portfolio of Australian stocks. Once a year, research analysts Hasan Tevfik and Peter Liu select a basket of stocks from the ASX100 that they think would look attractive to investing legend Warren Buffett. Here’s the list […]
BUFFEROO: The Australian stocks that Warren Buffett might pick
Markets

Consumer confidence in Australia just hit a 3-month high

The ANZ-Roy Morgan consumer confidence index rose by 2.4% last week, to its highest level since early April. It was a welcome turnaround in consumer sentiment, after the index tracked lower over the preceding two weeks amid concerns around household finances. The weekly reading of 114.5 was above the long-term […]
Consumer confidence in Australia just hit a 3-month high
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,479.27 +129.64 (+0.61%) S&P 500: 2,449.01 +5.60 (+0.23%) AUD/USD: 0.7655 -0.0033 (-0.42%) ASX200 SPI futures (Sept contracts): 5,670 (+35) Iron ore benchmark 62% fines: $US64.29 (-1%) 1. US dollar turns the corner: The greenback strengthened against all major currencies, with some positive news on […]
6 things Australian traders will be talking about this morning
News

The government is funding retail jobs for unemployed youth

The Turnbull government has reached an agreement with the Australian Retailers Association (ARA) to help get more young people into work. The government announced today that a partnership with the retailers will create up to 10,000 internships for those aged between 17 and 24, as part of its Job Youth […]
The government is funding retail jobs for unemployed youth
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,349.63 +62.60 (+0.29%) S&P 500: 2,423.41 +3.71 (+0.15%) AUD/USD: 0.7686 -0.0004 (-0.03%) ASX200 SPI futures (Sept contracts): 5,670 (+21) Iron ore benchmark 62% fines: $US64.95 (+0.37%) 1. Markets open FY18 with bond yields rising and stocks in a state of flux. The bond sell-off […]
6 things Australian traders will be talking about this morning
Markets

The ANZ Bank reportedly lost millions in a fraudulent nickel deal

The ANZ Bank is trying to recover losses, running as high as $A200 million, from a fraudulent deal involving Asia-based metals warehouses. The bank said that it had “significant losses” from the fraud, which involved the transfer of $US151 million ($A196 million) to the US, according to a report by […]
The ANZ Bank reportedly lost millions in a fraudulent nickel deal
Markets

The Australian dollar just charged through US77c

The Aussie dollar has pushed above US77 cents this morning amid continued weakness in the US dollar against major currencies. It cut through the level to another three-month high after China’s PMI was slightly stronger than expected. The Aussie has been rallying following a rise in global bond yields overnight. […]
The Australian dollar just charged through US77c
Markets

Australian stocks are getting smoked

Australian stocks continue to fall in midday trade, after a global stock sell-off in overnight markets. Stocks opened more than 1% lower and a short time ago, the ASX200 was down by almost 1.6%. Global bond yields rose overnight on the expectation that major central banks will move to tighten […]
Australian stocks are getting smoked
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,287.03 -167.58 (-0.78%) S&P 500: 2,419.70 -20.99 (-0.86%) AUD/USD: 0.7681 +0.0040 (+0.52%) ASX200 SPI futures (Sept contracts): 5,710 (-67) Iron ore benchmark 62% fines: $US64.71 (+3.8%) 1. Bond markets on the move: The yield on US 10-year notes rose 4 basis […]
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: 21,454.61 +143.95 (+0.68%) S&P 500: 2,440.69 +21.31 (+0.76%) AUD/USD: 0.7640 +0.0053 (+0.75%) ASX200 SPI futures (Sept contracts): 5,736 (+40) Iron ore benchmark 62% fines: $US62.33 (+4.4%) 1. Currencies hop aboard the central bank roller coaster: The Euro dipped back below $US1.13 after an attempt […]
6 things Australian traders will be talking about this morning
Markets

The big banks have already offset the hit to earnings from the bank levy

Changes to interest rates by the big four banks will largely offset the drag on profits from the federal government’s bank levy, according to analysis by Morgan Stanley. A research note from Morgan Stanley shows the banks followed ANZ’s lead and completed a re-pricing of their mortgage loan books. The […]
The big banks have already offset the hit to earnings from the bank levy
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,310.66 -98.89 (-0.46%) S&P 500: 2,419.38 -19.69 (-0.81%) AUD/USD: 0.7581 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,642 (-12) Iron ore benchmark 62% fines: $US59.70 (+5.2%) 1. Draghi comes to the party: European Central Bank (ECB) president Mario Draghi delivered a relatively upbeat assessment […]
6 things Australian traders will be talking about this morning
Markets

Australian consumer confidence is being dragged down

Australian consumer confidence fell for the second straight week and is trending to towards a lower base, according to the ANZ-Roy Morgan consumer confidence index. The weekly reading ticked lower by 0.5% to 111.8, below its long-run average of 112.9 “where it has been hovering for the last couple of […]
Australian consumer confidence is being dragged down
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,409.55 +14.79 (+0.07%) S&P 500: 2,439.07 +0.77 (+0.03%) AUD/USD: 0.7583 -0.0003 (-0.04%) ASX200 SPI futures (Sept contracts): 5,668 (+2) Iron ore benchmark 62% fines: $US56.75 Unchanged (Markets closed) 1. Aussie stays resilient: The AUD made another run towards US76 cents overnight before finding resistance. […]
6 things Australian traders will be talking about this morning
Markets

Why Cyclone Debbie’s impact may not be as bad as you think

The effect of Cyclone Debbie on Australia’s GDP figures for the June quarter is unlikely to be as bad as first feared. A research note from Commonwealth Bank’s Kristina Clifton highlights the fact that damage was mainly focused on transport infrastructure. Clifton said that the impact on actual coal mine […]
Why Cyclone Debbie’s impact may not be as bad as you think
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,394.76 -2.53 (-0.01%) S&P 500: 2,438.30 +3.80 (+0.16%) AUD/USD: 0.7567 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,662 (+3) Iron ore benchmark 62% fines: $US56.75/t (+0.39%) 1. Quiet start to the week: European stocks were lower while US markets nudged ahead on a boost […]
6 things Australian traders will be talking about this morning
Markets

South Australia’s bank levy is an outcome that many investors feared

Analysts expect the major banks to push back hard on the bank levy announced yesterday by the South Australian government. SA treasurer Tom Koutsantonis announced the levy in yesterday’s state budget, which will be applied in the same way as the federal government’s levy announced in May. The levy will […]
South Australia’s bank levy is an outcome that many investors feared
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,397.29 -12.74 (-0.06%) S&P 500: 2,434.501 -1.11 (-0.05%) AUD/USD: 0.7540 -0.0013 (-0.17%) ASX200 SPI futures (Sept contracts): 5,622 (+18) Iron ore benchmark 62% fines: $US56.82/t (+0.66%) 1. Oil gets a temporary respite: Oil prices found a floor overnight after benchmark crude […]
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: 21,410.03 -57.11 (-0.27%) S&P 500: 2,435.61 -1.42 (-0.06%) AUD/USD: 0.7552 -0.0001 (-0.01%) ASX200 SPI futures (Sept contracts): 5,622 (+18) Iron ore benchmark 62% fines: $US56.82/t (+0.66%) 1. Oil prices continue to crater: Benchmark crude fell more than 2% to below $US45 as the oil […]
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: 21,467.14 -61.85 (-0.29%) S&P 500: 2,437.03 -16.03 (-0.67%) AUD/USD: 0.7580 -0.0019 (-0.35%) ASX200 SPI futures (Sept contracts): 5,667 (-29) Iron ore benchmark 62% fines: $US56.45/t (+0.27%) 1. Oil hits a bear market: Both benchmark and US crude prices fell by more than 2% overnight. […]
6 things Australian traders will be talking about this morning
Markets

Australia’s big banks could still face increased mortgage risks

Big Australian banks could still face increased risk weightings on their mortgage loan books, regardless of this month’s international banking review. That’s the view of Morgan Stanley analysts, who argue that Australia’s bank regulator, APRA, has the scope to enforce higher risk weightings to meet its own definition of an […]
Australia’s big banks could still face increased mortgage risks
Markets

Higher energy costs just crushed sentiment on household finances

Australian consumer confidence moved lower last week as consumers assessed the impact of higher energy costs on household finances. The index fell by 0.4% to a reading of 112.4, slightly below its 4-week average of 112.6. Beneath the headline figures, there was significant volatility. Views towards economic conditions rose slightly, […]
Higher energy costs just crushed sentiment on household finances
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,528.99 +144.71 (+0.68%) S&P 500: 2,453.46 +20.31 (+0.83%) AUD/USD: 0.7599 -0.0020 (-0.26%) ASX200 SPI futures (Sept contracts): 5,751 (+8) Iron ore benchmark 62% fines: $US56.30/t (+1%) 1. Dudley moves the markets: The US dollar caught a bid overnight, performing strongly across the board against […]
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: 21,384.28 +24.38 (+0.11%) S&P 500: 2,433.15 +0.69 (+0.03%) AUD/USD: 0.7619 -0.0002 (-0.03%) ASX200 SPI futures (Sept contracts): 5,723 (+9) Iron ore benchmark 62% fines: $US55.75/t (+0.94%) 1. USD weakness continues: The US dollar fell on Friday as a run of poor recent data continued, […]
6 things Australian traders will be talking about this morning
Markets

Australia tops its Asian neighbours when it comes to household debt

Australia tops the charts in the Asian region for household debt as a percentage of GDP. While the extent of household leverage in Australia is nothing new, HSBC analysts Frederic Neumann and Abanit Bhaumik have run the numbers across Asia for total household debt, as well as growth in debt, […]
Australia tops its Asian neighbours when it comes to household debt
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,359.90 -14.66 (-0.07%) S&P 500: 2,432.46 -5.46 (-0.22%) AUD/USD: 0.7581 -0.0008 (-0.09%) ASX200 SPI futures (Sept contracts): 5,723 (+19) Iron ore benchmark 62% fines: $US55.23/t (+1.47%) 1. US stocks edge lower: US stocks and currency markets are siding with the Federal […]
6 things Australian traders will be talking about this morning
News

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

Australian stocks fell heavily today, with the ASX200 losing more than 1% after breaking through 5,800 yesterday. Today’s scoreboard: ASX 200: 5,763.20 -70.70 -1.21% All Ordinaries: 5,796.70 -65.54 -1.12% AUD/USD: 0.7607 +0.0019 +0.25% Following a mixed lead from Wall Street, all major sectors saw heavy selling across the board, as […]
AUSTRALIAN STOCKS FALL: Here’s what you need to know
Markets

Australian stocks are getting hosed again

After two days of solid gains, Australian stocks are well and truly back in the red this morning. The ASX200 broke above 5,800 yesterday for the first time in a month, but that proved to be too much of a barrier and a short time ago the index was down […]
Australian stocks are getting hosed again
Markets

Bond markets are unconvinced about economic growth

Government bond yields in major markets rallied overnight in the wake of the US Federal Reserve’s decision to raise interest rates. The yield on 10-year US treasuries fell by around 8 basis points to 2.13%. That takes the yield on 10-year notes to their lowest level since the US election […]
Bond markets are unconvinced about economic growth
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,374.56 +46.09 (0.22%) S&P 500: 2,437.92 -2.43 (-0.10%) AUD/USD: 0.7586 +0.0048 (+0.64%) ASX200 SPI futures (June contracts): 5,755 (-32) Iron ore benchmark 62% fines: $US54.43/t (+2%) 1. Hawkish Fed: The US Federal Reserve raised the benchmark interest rate to 1.25%. The US dollar index […]
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: 21,183 +9 (+0.04%) S&P 500: 2,434 +1 (+0.03%) AUD/USD: 0.7536 -0.0014 (-0.17%) ASX200 SPI futures (June contracts): 5,680 (+5) Iron ore benchmark 62% fines: $US55.36/t -$US0.07 (-0.13%) 1. UK election shock?: Markets are reacting to a surprise result in the UK […]
6 things Australian traders will be talking about this morning
Markets

The global mining industry had a $US48 billion turnaround in 2016

PWC released its annual “Mine” report, which provides a summary of key trends in the mining industry. It shows 2016 was a more profitable year for miners around the world, as companies put a focus on costs and benefited from increases in commodity prices. In total, global miners made an […]
The global mining industry had a $US48 billion turnaround in 2016
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,174 +37 (+0.18%) S&P 500: 2,433 +4 (+0.16%) AUD/USD: 0.7545 +0.0034 (+0.46%) ASX200 SPI futures (June contracts): 5,641 (-20) Iron ore benchmark 62% fines: $US55.43/t -$US0.60 (-1.07%) 1. Markets quiet ahead of key events: London’s FTSE had some jitters ahead of tonight’s election in […]
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: 21,136 -48 (-0.23%) S&P 500: 2,429 -7 (-0.28%) AUD/USD: 0.7511 +0.0024 (+0.32%) ASX200 SPI futures (June contracts): 5,682 (+15) Iron ore benchmark 62% fines: $US56.03/t +$US0.13 (-0.23%) 1. Reflation trade over?: It looks like it if bond demand is anything to go by, with […]
6 things Australian traders will be talking about this morning
Markets

Bitcoin and Ethereum are hitting record highs

Bitcoin just surged to a new record above $US2,800. It tops the previous high of $US2,799, with the cryptocurrency reaching a peak earlier today of $US2,854.40. A short time ago, Bitcoin was trading at $US2,800.20, a gain of just over 4%. The latest surge shows that speculation in the market […]
Bitcoin and Ethereum are hitting record highs
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,184 -21 (-0.10%) S&P 500: 2,436 -3 (-0.12%) AUD/USD: 0.7489 +0.0062 (+0.82%) ASX200 SPI futures (July contracts): 5,744 (-10) Iron ore benchmark 62% fines: $US55.90/t +$US1.89 (-3.27%) 1. Political tension rocks oil markets: Prices were volatile in the fallout from a diplomatic cutting of […]
6 things Australian traders will be talking about this morning
Markets

Australia is facing a ‘consumption crunch’

Morgan Stanley has revised down its forecast for Australia’s 2017 GDP growth to 1.2% from 2.1%. That’s well below the RBA’s forecast of 2.5%, and continues a trend of negative revisions centered around the theme of lower consumption growth. The current headwinds to consumption are outlined in a research note […]
Australia is facing a ‘consumption crunch’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,206 +62 (+0.29%) S&P 500: 2,439 +9 (+0.37%) AUD/USD: 0.7439 -0.0004 (-0.03%) ASX200 SPI futures (June contracts): 5,798 (+10) Iron ore benchmark 62% fines: $US57.79/t +$US1.82 (+3.25%) 1. US employment shocker: US employment data came in well short of forecasts on Friday. Although the […]
6 things Australian traders will be talking about this morning
Markets

Asian stocks hit record highs following a rally on Wall Street

Share markets across Asia were ripping higher, following record highs on Wall Street overnight. Japan’s Nikkei index was above 20,000 for the first time in 18 months. A short time ago the index was up by 1.77%, benefiting from a weaker yen after the US dollar rose against all of […]
Asian stocks hit record highs following a rally on Wall Street
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 21,134 +136 (+0.65%) S&P 500: 2,430 +18 (+0.36%) AUD/USD: 0.7378 -0.0050 (-0.65%) ASX200 SPI futures (June contracts): 5,770 (+17) Iron ore benchmark 62% fines: $US55.97/t -$US1.05 (-1.84%) 1. Stock bulls are still up and about: Global stocks rose overnight, led by […]
6 things Australian traders will be talking about this morning
Markets

Australian retail sales bounces back

Retail sales in Australia grew by 1.0% in April in seasonally-adjusted terms, coming in well above forecast growth of 0.3%. It’s a strong result for the sector, after falls in three of the past four months although some seasonal factors likely contributed to the result. The data in April follows […]
Australian retail sales bounces back
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,009 -20 -0.10% S&P 500: 2,412 -1 -0.05% AUD/USD: 0.7428 -0.0033 (-0.51%) ASX200 SPI futures (June contracts): 5,732 (-8) Iron ore benchmark 62% fines: $US57.02/t -$US1.48 (-2.53%) 1. Calm but cautious: US and UK stocks traded slightly lower but are still holding at near […]
6 things Australian traders will be talking about this morning
Markets

CHART: SocGen is bullish about Australian bond yields in the short term

The outlook for the Australian dollar has grown more cloudy in recent months, with the currency coming under renewed pressure. Commodity price declines and doubts about the strength of Australia’s economy have weighed on the Aussie. Providing some support, ratings agency S&P last week confirmed Australia’s government debt as AAA […]
CHART: SocGen is bullish about Australian bond yields in the short term
Markets

Macau casino boss Lawrence Ho is critical of James Packer’s Crown

Casino operator Lawrence Ho has reportedly criticised James Packer’s Crown Resorts Ltd, arguing it was too aggressive in marketing gambling on mainland China. In an interview with the Financial Times, Ho said the fact Crown sent employees to mainland China to directly market gambling activities in Macau had angered Chinese […]
Macau casino boss Lawrence Ho is critical of James Packer’s Crown
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,029 -51 -0.24% S&P 500: 2,413 -3 -0.12% AUD/USD: 0.7461 +0.0021 (+0.28%) ASX200 SPI futures (June contracts): 5,712 (-5) Iron ore benchmark 62% fines: $US58.50 (no change) 1. US data on point: There were no major surprises in key US data overnight, with the […]
6 things Australian traders will be talking about this morning
Markets

Aussie households are increasingly stressed about their finances

Consumer confidence jumped again last week, back to pre-budget levels, but concerns remain about household finances. The ANZ-Roy Morgan consumer confidence index rose by 1.5% to 112.2, on the back of more positive sentiment about the Australian economy. That brings it back above the 4-week moving average of 111.1 in […]
Aussie households are increasingly stressed about their finances
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,080 (market closed) S&P 500: 2,416 (market closed) AUD/USD: 0.7440 +0.0001 (+0.01%) ASX200 SPI futures (June contracts): 5,709 (-4) Iron ore benchmark 62% fines: $US58.50 +$US0.59 (+1%) 1. Italian banks tank: The main news overnight was out of Italy, where stocks fell more than […]
6 things Australian traders will be talking about this morning
Markets

UBS: Big miners can still perform even if China’s economy slows

UBS remains overweight in its exposure to Aussie mining stocks, despite a slowdown in China and lower commodity prices. Analysts David Cassidy and Dean Dusanic argue that despite competing forces at play, the positive indicators for both mining and energy sub-sectors outweigh the negative. The two analysts noted the changes […]
UBS: Big miners can still perform even if China’s economy slows
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,080 -2.67 (-0.01%) S&P 500: 2,416 +1 (+0.03%) AUD/USD: 0.7440 -0.0007 (-0.09%) ASX200 SPI futures (June contracts): 5,763 (+7) Iron ore benchmark 62% fines: $US57.91 -$US2.33 (-3.87%) 1. Global markets creep higher: The S&P500 nudged higher on Friday, as Q1 GDP figures in the […]
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: 21,083 +71 (+0.34%) S&P 500: 2,415 +11 (+0.44%) AUD/USD: 0.7456 -0.0041 (-0.64%) ASX200 SPI futures (June contracts): 5,792 (-3) Iron ore benchmark 62% fines: $US60.24 -$US0.28 (-0.46%) 1. Oil gets drilled: As expected, OPEC agreed to extend its production cuts overnight […]
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: 21,012 +74 (+0.36%) S&P 500: 2,404 +6 (+0.25%) AUD/USD: 0.7500 +0.0021 (+0.28%) ASX200 SPI futures (June contracts): 5,786 (+12) Iron ore benchmark 62% fines: $US60.52 -$US1.48 (-2.39%) 1. Fed stays dead: The minutes from the US Federal Reserve’s May meeting were on the dovish […]
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: 20,938 +43 (+0.21%) S&P 500: 2,398 +4 (+0.18%) AUD/USD: 0.7479 -0.0001 (-0.01%) ASX200 SPI futures (June contracts – 20 minute delay): 5,782 +11 Iron ore benchmark 62% fines: $US62.00 -$US1.19 (-1.88%) 1. Wild night on forex markets: There were some notable swings on currency […]
6 things Australian traders will be talking about this morning