Markets

CHART: The Aussie dollar just traded above US75 cents

The Australian dollar has continued its momentum in Asian trade, climbing above US75 cents a short time ago. In a relatively quiet day on markets, the Aussie is finding more buyers after gaining 0.35% against the greenback overnight: The Aussie climbed further above US75 cents as European markets opened but […]
CHART: The Aussie dollar just traded above US75 cents
Markets

Confidence edges higher but Aussie consumers are focused on saving

ANZ’s consumer confidence index has staged a modest comeback after falling sharply in budget week. The index rose by 1%, not enough to offset the prior week’s 2.6% drop which sent the index to its lowest level since September 2015. That takes the reading to 110.9, still below the long-run […]
Confidence edges higher but Aussie consumers are focused on saving
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,895 +90 (+0.43%) S&P 500: 2,394 +12 (+0.52%) AUD/USD: 0.7472 -0.0006 (-0.08%) ASX200 SPI futures (June contracts – 20 minute delay): 5,794 +12 Iron ore benchmark 62% fines: $US63.19 +$US0.50 (+0.8%) 1. When Trump’s away, the market will play: US stocks rose again overnight, […]
6 things Australian traders will be talking about this morning
Markets

CHART: Bitcoin is going nuts again

The Bitcoin juggernaut continues, with the crypto-currency surging by another 5.4% in afternoon trade. Bitcoin rose past $US1,900 last week, and traded above $US2,000 over the weekend. It opened today’s session at $US2,000 exactly, and is now up another 5.36% to $US2,105 – a new record high: Bitcoin has now […]
CHART: Bitcoin is going nuts again
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,805 +142 (+0.69%) S&P 500: 2,382 +16 (+0.68%) AUD/USD: 0.7450 -0.0011 (-0.15%) ASX200 SPI futures (June contracts – 20 minute delay): 5,752 +26 Iron ore benchmark 62% fines: $US62.69 +$US1.09 (1.77%) 1. Finally some good news for Aussie stocks: ASX200 futures are pointing higher […]
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: 20,6663 +56 (+0.27%) S&P 500: 2,366 +9 (+0.37%) AUD/USD: 0.7419 +0.0001 (+0.01%) ASX200 SPI futures (June contracts – 20 minute delay): 5,727 -3 Iron ore benchmark 62% fines: $US61.60 -$US0.60 (-0.97%) 1. Wild night on currency markets: The US started 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: 20,607 -373 (-1.78%) S&P 500: 2,357 -44 (-1.82%) AUD/USD: 0.7434 +0.0004 (+0.05%) ASX200 SPI futures (June contracts – 20 minute delay): 5,720 -62 Iron ore benchmark 62% fines: $US62.20 +$US1.03 (+1.68%) 1. Comey memo riles markets: Global markets went into full risk-off mode overnight […]
6 things Australian traders will be talking about this morning
Markets

CREDIT SUISSE: Australian private health industry profits are in decline

Earnings in the private health sector are unsustainable, according to analysts from Credit Suisse, so the bank has downgraded its ratings for Medibank Private and NIB Holdings. The downgrade is based on the Australian Prudential Regulation Authority’s (APRA) March quarter statistics for the private health sector. They show that net […]
CREDIT SUISSE: Australian private health industry profits are in decline
Markets

Standard & Poor’s is sceptical about the Australian government’s budget surplus plan

Standard & Poor’s today reaffirmed its AAA credit rating for Australian government debt, while maintaining its negative outlook. The global ratings agency said that Australia’s strong institutions and well-developed economy provided grounds to maintain the AAA rating: Along with strong institutions, a credible monetary policy, and floating exchange-rate regime, Australia’s […]
Standard & Poor’s is sceptical about the Australian government’s budget surplus plan
Markets

Westpac predicts steep falls for commodities and the Aussie dollar

Westpac has released its Economic Outlook for May and the bank is forecasting significant falls for commodities and the Australian dollar. Noting iron ore’s steep fall at the start of this year, the bank predicts a steady decline over the next 18 months. From current prices of around $61 a […]
Westpac predicts steep falls for commodities and the Aussie dollar
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,980 -2 (-0.01%) S&P 500: 2,401 -1 (-0.07%) AUD/USD: 0.7429 +0.0003 (+0.04%) ASX200 SPI futures (June contracts – 20 minute delay): 5,855 +1 Iron ore benchmark 62% fines: $US61.17 +$US0.37 (+0.6%) 1. US dollar continues its slide: The US dollar index fell by another […]
6 things Australian traders will be talking about this morning
Markets

The RBA minutes show it’s thinking differently about the labour market

The Reserve Bank of Australia (RBA) released the minutes from its May meeting today, revealing no major changes to its positions on economic growth or financial stability. The bank placed extra focus on the composition of the labour market, with a more detailed discussion centred around the rise of part-time […]
The RBA minutes show it’s thinking differently about the labour market
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,982 +85 (+0.41%) S&P 500: 2,402 +11 (+0.48%) AUD/USD: 0.7415 +0.0022 (+0.30%) ASX200 SPI futures (June contracts – 20 minute delay): 5,835 +17 Iron ore benchmark 62% fines: $US60.80 -$US0.580 (-0.95%) 1. Oil rockets higher on OPEC extension: A higher oil price drove markets […]
6 things Australian traders will be talking about this morning
Markets

Chinese industrial production slowed noticeably in April

Chinese industrial output and urban fixed asset investment both undershot expectations in April, continuing the trend that has seen fears over the Chinese economy flare in recent weeks. According to China’s National Bureau of Statistics (NBS), industrial output rose by 6.5% from a year earlier, below the 7.6% increase seen […]
Chinese industrial production slowed noticeably in April
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,897 -23 (-0.11%) S&P 500: 2,391 -3 (-0.15%) AUD/USD: 0.7393 +0.0011 (+0.07%) ASX200 SPI futures (June contracts – 20 minute delay): 5,817 +6 Iron ore benchmark 62% fines: $US61.38 +$US1.00 (+1.6%) 1. Markets flat on US data miss: US markets lost momentum on Friday […]
6 things Australian traders will be talking about this morning
Markets

COMMSEC: It’s the end of discount airfares in Australia

Don’t expect to find a great deal on flights, if the latest data on discount airfares is anything to go by. Commsec economist Savanth Sebastian has collated the latest figures from the Bureau of Infrastructure, Transport and Regional Economics (BITRE) which show rises across multiple airfare classes. Most glaring, though, […]
COMMSEC: It’s the end of discount airfares in Australia
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 20,919 -24 (-0.11%) S&P 500: 2,394 -5 (-0.22%) AUD/USD: 0.7376 -0.0002 (-0.03%) ASX200 SPI futures (June contracts – 20 minute delay): 5,856 -9 Iron ore benchmark 62% fines: $US60.38 -$US0.37 (-0.6%) 1. US markets exercise caution: The S&P500 eased back after […]
6 things Australian traders will be talking about this morning
Markets

UBS: The bank levy is a threat to the property market

Investment bank UBS thinks the federal government’s bank levy poses a serious threat to house prices. In a research note this morning, analysts Jonathon Mott and Rachel Bentvelzen also took a negative view of the big Aussie banks, and were unimpressed by the profit figures in the latest reporting season. […]
UBS: The bank levy is a threat to the property market
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,943 -33 (-0.16%) S&P 500: 2,399 +2 (+0.11%) AUD/USD: 0.7354 -0.0011 (-0.15%) ASX200 SPI futures (June contracts – 20 minute delay): 5,883 +12 Iron ore benchmark 62% fines: $US60.75 unchanged – spot markets closed 1. Oil price shoots up: Oil prices rose by over […]
6 things Australian traders will be talking about this morning
Markets

What the best financial minds are saying about the government’s bank levy

The government’s decision to impose a levy on the big four banks and Macquarie caught markets by surprise yesterday. We’ve rounded up commentary from Australia’s leading investment banks with their initial thoughts on how the move will affect bank profitability. Deutsche Bank: Deutsche Bank described the levy on the big […]
What the best financial minds are saying about the government’s bank levy
Markets

Chinese inflation stays on track for Beijing

China’s consumer inflation came in above forecasts in April, after two months of slower growth. The Chinese National Bureau of Statistics reported that yearly consumer price inflation (CPI) for April was 1.2%, above the 0.9% forecast. That follows weaker growth in February and March of 0.8% and 0.9% respectively, which […]
Chinese inflation stays on track for Beijing
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,976 -37 (-0.17%) S&P 500: 2,397 -2 (-0.09%) AUD/USD: 0.7351 +0.0009 (+0.12%) ASX200 SPI futures (June contracts – 20 minute delay): 5,845 +19 Iron ore benchmark 62% fines: $US60.75 +$US0.60 (+0.99%) 1. Budget wrap – ScoMo pledges “better days ahead”: Treasurer Scott Morrison handed […]
6 things Australian traders will be talking about this morning
Markets

RETAIL SALES JUST MISSED BY A MILE

Australian retail sales fell for the second straight month in March, sliding by 0.1% in seasonally-adjusted terms. Not only did retail sales fall again, they missed the consensus forecast of 0.3% growth by a wide margin. It marks the third decline in the last four months, with inclement weather in […]
RETAIL SALES JUST MISSED BY A MILE
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,012 +5 (+0.03%) S&P 500: 2,399 +.0.09 (+0.00%) AUD/USD: 0.7383 -0.0004 (-0.05%) ASX200 SPI futures (June contracts – 20 minute delay): 5,867 +5 Iron ore benchmark 62% fines: $US60.15 -$US1.58 (-2.56%) 1. US bond yields are rising again: Yields on US treasuries have risen […]
6 things Australian traders will be talking about this morning
Markets

It looks like Australia’s residential construction boom has peaked

Building approvals fell sharply in March after a rise in February, in a clear sign that the residential construction boom has reached its peak. Seasonally-adjusted building approvals fell by 13.3% in March to 16,484. Housing approvals dropped 4.8% and there was a significant 21.8% fall in construction approvals for new […]
It looks like Australia’s residential construction boom has peaked
Markets

Australian job ads continued their steady climb in April

Australian job advertisements continued to climb in April, which could bode well for the 2017 employment outlook. ANZ’s monthly data release showed a seasonally-adjusted 1.4% increase in job advertisements, trending up from a modest 0.8% rise in March. That takes the annual growth in job ads to 10.1%, up from […]
Australian job ads continued their steady climb in April
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 21,007 +56 (+0.26%) S&P 500: 2,399 +10 (+0.41%) AUD/USD: 0.7408 -0.0011 (-0.15%) ASX200 SPI futures (June contracts – 20 minute delay): 5,872 +55 Iron ore benchmark 62% fines: $US61.73 -$US3.47 (-5.3%) 1. A Macron win is a market win: Emmanuel Macron won comfortably in […]
6 things Australian traders will be talking about this morning
Markets

The Aussie dollar is slipping further below US74 cents

The Australian dollar fell through its latest support this morning, dipping below US74 cents. Sellers have stayed in control in afternoon trade, and a short time ago the currency was down 0.45% to US US73.77 cents. Here’s the latest chart from investing.com: Falling commodity prices are likely to be weighing […]
The Aussie dollar is slipping further below US74 cents
Markets

IRON ORE IS STILL TANKING

Prices remain under pressure in commodities markets, with iron ore futures leading the way lower at the open of this morning’s session. After iron ore futures hit their limit down yesterday and slumped more than 7%, spot prices followed suit as benchmark 62% fines fell 5.1% to $US65.20. Iron ore […]
IRON ORE IS STILL TANKING
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 20,951 -7 (-0.03%) S&P 500: 2,390 +2 (+0.06%) AUD/USD: 0.7413 +0.0004 +0.05% ASX200 SPI futures (June contracts – 20 minute delay): 5,856 -8 Iron ore benchmark 62% fines: $US65.20 -$US3.48 (-5.1%) 1. Oil price collapses: West Texas Intermediate (WTI) fell a […]
6 things Australian traders will be talking about this morning
Markets

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

Australian stocks closed lower as the major banks continued their slide. Today’s scoreboard: ASX 200: 5,876.4 -15.94 -0.27% All Ordinaries: 5,904.50 -15.44 -0.26% AUD/USD: 0.7400 -0.0023 -0.31% The ASX200 couldn’t find any momentum after falling almost 1% yesterday, as the Financials index slumped by another 0.74% today. Among the majors, […]
AUSTRALIAN STOCKS FALL AGAIN: Here’s what you need to know
Markets

PHILIP LOWE: The spike in household debt has left Australia vulnerable

Reserve Bank of Australia (RBA) Governor Philip Lowe today said the surge in Australia’s household debt has reduced the economy’s resilience to future shocks. In a speech to the Economic Society of Australia in Queensland, Lowe said Australian banks were relatively well safe-guarded from financial stability risks in the event […]
PHILIP LOWE: The spike in household debt has left Australia vulnerable
Markets

IRON ORE FUTURES IMPLODE: Trade halted as prices fall 7%

Iron ore futures are getting crushed in today’s trading session, down more than 7%. Futures fell as much as 7.69%, before rallying a short time ago to 7.21%. The futures contracts earlier hit their Limit Down, which is the maximum amount that futures contracts can decline in one session. Just […]
IRON ORE FUTURES IMPLODE: Trade halted as prices fall 7%
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,958 +8 (+0.04%) S&P 500: 2,388 -3 (-0.03%) AUD/USD: 0.7425 -0.0064 -0.85% ASX200 SPI futures (June contracts – 20 minute delay): 5,871 -6 Iron ore benchmark 62% fines: $US68.68 -$US0.04 (0.05%) 1. The Fed held, one eye on June: The US Federal Reserve held […]
6 things Australian traders will be talking about this morning
Markets

Iron ore prices have stabilised this week after heavy falls

Iron ore stabilised in trade this week after crashing more than 35% in a little under two months. Since hitting a high of $US94.86 per tonne on 21 February, spot prices for benchmark 62% fines plummeted to $US61.60 on 19 April. The fall was predicated on concerns about fundamentals, with […]
Iron ore prices have stabilised this week after heavy falls
Markets

BHP is under pressure

Shares in BHP Billiton are feeling the pressure this afternoon. A short time ago, the miner was down down almost 2.3% to $27.22. BHP has now lost 15.5% since late January. Today’s fall comes as executives from Elliot Management fly into Australia to press their case for a break-up of […]
BHP is under pressure
Markets

Shares in the big 4 banks got crushed today

Australian stocks fell to the lowest level in a week as the largest banks were sold off. Australia’s four major banks, which make up more than a quarter of the benchmark S&P/ASX200 index weightage, sunk with all of them at an almost two-week low. The ASX200 financials index finished down […]
Shares in the big 4 banks got crushed today
Markets

Australia’s larger services industries continue to drive gains in the sector

Seasonally-adjusted activity in Australia’s services sector strengthened again in April. The Ai Group’s latest Performance of Services Indicator (PSI) reading rose by 1.3 points to 53.0: The PSI measures changes in activity levels across Australia’s services sector from one month to the next, ranging from a score of 0 to […]
Australia’s larger services industries continue to drive gains in the sector
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,950 +36 (+0.17%) S&P 500: 2,391 +3 (+0.12%) AUD/USD: 0.7533 -0.0003 -0.02% ASX200 SPI futures (June contracts – 20 minute delay): 5,930 -4 Iron ore benchmark 62% fines: $US68.72 +$US0.72 (+1.04%) 1. Oil tanks again: Both Benchmark Crude ($US50.45) and West Texas Intermediate ($US47.64) […]
6 things Australian traders will be talking about this morning
Markets

Iron ore futures are roaring ahead

Iron ore prices have stabilised over the past week, but if futures markets are anything to go by prices are set to rise again. The fall in the price has been well documented since benchmark 62% fines hit a high of $US94.86 per tonne on February 21. That preceded a […]
Iron ore futures are roaring ahead
Markets

RBA leaves rates on hold as expected

The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 1.5%. RBA Governor Philip Lowe made no notable changes to his statement accompanying the monetary policy decision. While sticking to its 3% growth target over the next couple of years, the bank is aware of the […]
RBA leaves rates on hold as expected
Markets

A key Chinese industrial data point just posted a nasty miss

Activity in Chinese factories unexpectedly slowed in April, recording the weakest rate of growth in seven months. The Caixin Manufacturing PMI fell to 50.3, below the forecast of 51.0 and significantly below last month’s 51.2 reading. Like other manufacturing indexes, the Caixin PMI ranges from a score of 0 to […]
A key Chinese industrial data point just posted a nasty miss
Markets

Your 10-second guide to today’s RBA rate decision

The Reserve Bank of Australia (RBA) will deliver its May interest rate decision at 2:30pm AEST. With the consensus market view that the cash rate will remain at 1.5%, attention on the accompanying monetary policy statement will be focused on whether the bank flags any additional concerns on housing and […]
Your 10-second guide to today’s RBA rate decision
Markets

Consumer confidence edges higher but risks still remain

Australian consumer confidence steadied last week, with households not so bearish on the near-term economic outlook. After falling for two straight weeks, the ANZ-Roy Morgan Consumer Confidence survey rose slightly to 111.3 from 111.2. See here: Household expectations for economic conditions over the next 12 months rose by 2%, after […]
Consumer confidence edges higher but risks still remain
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,913 -27 (-0.13%) S&P 500: 2,388 +4 (+0.17%) AUD/USD: 0.7528 +0.0002 +0.03% ASX200 SPI futures (June contracts – 20 minute delay): 5,945 +9 Iron ore benchmark 62% fines: $US68.00 -$US0.80 (-1.2%) 1. Bulls are in control: With European markets closed overnight, US tech stocks […]
6 things Australian traders will be talking about this morning
Markets

Australian manufacturing stormed ahead again in April

The Australian manufacturing sector has continued its impressive run of recent growth. April figures for the Purchasing Manufacturers Index (PMI) released by the Ai Group climbed by 1.7 points to 59.2 points. The PMI measures changes in activity levels across Australia’s manufacturing sector from one month to the next. It […]
Australian manufacturing stormed ahead again in April
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,941 -40 (-0.19%) S&P 500: 2,384 -5 (-0.19%) AUD/USD: 0.7482 -0.0007 -0.09% ASX200 SPI futures (June contracts – 20 minute delay): 5,905 -8 Iron ore benchmark 62% fines: $US68.80 +$US2.38 (+3.5%) 1. US GDP misses the mark: Australian markets are pointing to a softer […]
6 things Australian traders will be talking about this morning
Markets

Atlassian’s quarterly earnings show the cost of keeping staff

Tech company Atlassian reported its third quarter results overnight, and the market reacted positively. Q3 revenue rose by 36% to $US159.9 million, and the company is projecting Q4 revenue to be in the range of $US170 million to $US172 million. Despite significant growth in headline revenue, Atlassian reported a quarterly […]
Atlassian’s quarterly earnings show the cost of keeping staff
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 20,981 +6 (+0.03%) S&P 500: 2,389 +1 (+0.06%) AUD/USD: 0.7468 +0.0002 +0.03% ASX200 SPI futures (June contracts – 20 minute delay) 5,905 -4 Iron ore benchmark 62% fines: $US66.42 -$US0.20 (-0.30%) 1. ECB plays it cool: The European Central Bank president […]
6 things Australian traders will be talking about this morning
Markets

Australia’s exports price boom smashed imports in the March quarter

The commodities cyle has driven a boom in Australian export prices for the March quarter, while import prices have remained consistent. That’s the main theme to be drawn from this morning’s International Trade Price Index released by the Australian Bureau of Statistics. The March quarter price index for Australia’s imports […]
Australia’s exports price boom smashed imports in the March quarter
Markets

Here are Australia’s fastest selling suburbs

CoreLogic has released its list of the fastest selling suburbs in Australia. The numbers show a discrepancy in the speed of house and apartment sales across different regions. CoreLogic analyst Cameron Kushner said that the rate of sale has increased more rapidly in Sydney and Melbourne over the last few […]
Here are Australia’s fastest selling suburbs
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,975 -21 (-0.10%) S&P 500: 2,387 -1 (-0.05%) AUD/USD: 0.7473 -0.0001 -0.01% ASX200 SPI futures (June contracts – 20 minute delay) 5,897 -1 Iron ore benchmark 62% fines: $US66.62 +$US0.55 (+0.83%) 1. Markets indifferent to Trump’s tax plan: The Trump administration unveiled its tax […]
6 things Australian traders will be talking about this morning
Markets

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

The Australian market rallied ahead today, with Seven Group leaping nearly 11%. Here’s the scoreboard: ASX 200: 5,912.00 +40.22 +0.68% All Ordinaries: 5,936.80 +36.08 +0.61% AUD/USD: 0.7499 -0.0037 -0.49% Aussie shares took a strong lead from global markets as risk appetite increased overnight. The ASX200 financials index rose by more […]
AUSTRALIAN STOCKS RALLY: Here’s what you need to know
Markets

Australian inflation remains weak

Australia’s headline inflation in the March quarter was 0.5%. Yearly inflation was 2.1%. The figures were just shy of the forecast numbers, with economists predicting growth of 0.6% and 2.2% respectively. The Australian dollar fell slightly on the news, slipping by more than 0.3% against the US dollar. The underlying […]
Australian inflation remains weak
Markets

Your 10-second guide to today’s Australian inflation report

Australia’s March quarter inflation report will be released at 11:30am AEST today. With the Reserve Bank of Australia (RBA) facing competing challenges from extra slack in the labour market and rising house prices, the general consensus is that interest rates will remain on hold for the rest of 2017. Despite […]
Your 10-second guide to today’s Australian inflation report
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,996 +232 (+1.12%) S&P 500: 2,387 +13 (+0.5%) AUD/USD: 0.7538 +0.0002 +0.03% ASX200 SPI futures (June contracts – 20 minute delay) 5,899 +25 Iron ore benchmark 62% fines: $US66.07 -$US0.46 (-0.69%) 1. US markets surge ahead. US stocks are on the move, and the […]
6 things Australian traders will be talking about this morning
Markets

The Sydney property market is showing tentative signs of easing

Preliminary data from CoreLogic indicates house prices in Sydney may be starting to cool. Auction activity resumed in full on the weekend following the Easter break, and the figures showed that weekly clearance rates nationally were 72.1%. Sydney and Melbourne continue to lead the market, both tracking above 75%: Although […]
The Sydney property market is showing tentative signs of easing
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,548 -31 (-0.15%) S&P 500: 2,349 -7 (-0.3%) AUD/USD: 0.7546 +0.0003 +0.04% Iron ore benchmark 62% fines: $US67.40 +$US2.70 (+4.2%) 1. Markets get a boost from French election: There were no major shocks in the French election overnight, with Emmanuel Macron and Marine Le […]
6 things Australian traders will be talking about this morning
Strategy

The unauthorised guide to things accountants say

Over the coming weeks, companies across Australia will be preparing their budgets for the new financial year. Numbers need to be crunched and 2017/18 budgets need to be locked in for board approval. As a result, managers across the country will be spending some quality time with their company accountants, […]
The unauthorised guide to things accountants say
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 20,579 +174 (+0.85%) S&P 500: 2,356 +18 (+0.56%) ASX SPI200 Futures – June (20 minute delay): 5,833 +30 AUD/USD: 0.7522 -0.0004 -0.05% Iron ore benchmark 62% fines: $US65.36 +$US0.76 (+1.2%) 1. Global markets wrap: US stocks rose led by financials. With […]
6 things Australian traders will be talking about this morning
Markets

MACQUARIE: The iron ore price drop isn’t over yet

The recent decline in iron ore has been well documented, and analysts at Macquarie think it has further to go. Strong demand and a healthy dose of speculation combined to drive benchmark iron ore prices over $90 per tonne on February 21. The subsequent fall has been impressive in both […]
MACQUARIE: The iron ore price drop isn’t over yet
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,404 -119 (-0.58%) S&P 500: 2,338 -4 (-0.17%) ASX SPI200 Futures – June (20 minute delay): 5,784 -13 AUD/USD: 0.7491 -0.0003 -0.03% Iron ore benchmark 62% fines: $US64.60 +$US1.40 (+2.2%) 1. Cautious with a small dose of optimism: Capital flows moved back out of […]
6 things Australian traders will be talking about this morning
Markets

Australian consumer confidence drops as global risks rise

Headline consumer confidence declined last week, as a number of factors weigh on sentiment accordingly to the weekly ANZ/Roy Morgan Consumer Confidence Index, despite strong employment numbers from the ABS. The index showed household expectations for growth next year declined by 1.9%, partly reversing the previous week’s gain and bringing […]
Australian consumer confidence drops as global risks rise
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,524 -114 (-0.55%) S&P 500: 2,342 -7 (-0.29%) ASX SPI200 Futures – June (20 minute delay): 5,790 -38 AUD/USD: 0.7559 -0.0001 -0.01% Iron ore benchmark 62% fines: $US63.20 -$US3.05 (-4.6%) 1. May will go to the polls in June: UK prime minister Theresa May’s […]
6 things Australian traders will be talking about this morning
Markets

Big miners continue to drag on the ASX200

After losing 0.7% last Thursday, the ASX 200 closed down 0.9% today at 5,836 points. ASX200 futures closed in from -50 points to -15 points on a strong lead from the US overnight, but any hopes of a higher open were quickly put to bed. With iron ore in free […]
Big miners continue to drag on the ASX200
Markets

6 things Australian traders will be talking about this morning

Good morning and welcome back from the Easter break. To the scoreboard: Dow: 20,637 +184 (+0.90%) S&P 500: 2,349 +20 (+0.86%) ASX SPI200 Futures – June (20 minute delay): 5,852 -15 AUD/USD: 0.7590 -0.0001 -0.01% Iron ore benchmark 62% fines: $US66.25 -$US1.79 (-2.6%) 1. Stellar day on US market: With […]
6 things Australian traders will be talking about this morning
Markets

The big miners are getting smashed by the iron ore price slump

The Australian share market’s four-day winning streak has come to an abrupt halt. The ASX200 fell almost 1%, as the big miners dragged following a slump in the iron ore price. The index closed at 5,889.30, down 44.06 points or 0.74%. Iron ore continued its free fall overnight, closing under […]
The big miners are getting smashed by the iron ore price slump
Markets

New apartments now outnumber houses in Australia

Australia has passed another property benchmark with the completion of new units now exceeding new houses for the first time ever. In its latest Property Pulse report, CoreLogic notes that yesterday’s ABS housing data showed completion of new units in the December quarter totalled 28,527. Construction of new houses was […]
New apartments now outnumber houses in Australia
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 20,592 -59 (-0.29%) S&P 500: 2,345 -9 (-0.38%) ASX SPI200 Futures – June (20 minute delay): 5,894 -31 AUD/USD: 0.7529 +0.0009 +0.12% Iron ore benchmark 62% fines: $US68.04 -$US6.34 (-8.5%) 1. Markets drift lower as risk remains: US stocks fell and most global share […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. Here’s what traders will be talking about before markets open. To the scoreboard: Dow: 20,651 -6 (-0.03%) S&P 500: 2,354 -4 (-0.14%) ASX SPI200 Futures – June (20 minute delay): 5,936 +18 AUD/USD: 0.7495 -0.0001 -0.01% Iron ore benchmark 62% fines: $US74.38 -$US1.07 (-0.44%) 1. Markets uneasy as […]
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: 20,658 +2 (+0.01%) S&P 500: 2,357 +2 (+0.07%) ASX SPI200 Futures – June (20 minute delay): 5,890 -2 AUD/USD: 0.7504 +0.0003 +0.04% Iron ore benchmark 62% fines: $US74.71 -$US0.74 (-0.98%) 1. Calmness still the order of the day: It was yet another day of […]
6 things Australian traders will be talking about this morning
Markets

Encouraging older home owners to move could help housing affordability

Housing affordability is all about supply, according to a tax expert at accountancy firm BDO. Marcus Leonard, BDO’s national leader for tax, wants to scrap stamp duty and use tax incentives to help de-centralise the economy because housing affordability problems are mainly in the larger cities of Sydney and Melbourne […]
Encouraging older home owners to move could help housing affordability
Markets

The ASX 200 just hit 5,900

The ASX 200 just cleared 5,900 points this morning. The index reached 5,900.80 at 11:20am before retreating by a couple of points. A close above 5,900 would mark the highest level for the index since early in 2015. Energy stocks led gains, with the ASX Energy index up by 0.90%. […]
The ASX 200 just hit 5,900
Markets

6 things Australian traders will be talking about this morning

Good morning. Here’s what traders will be talking about to start the week. To the scoreboard: Dow: 20,656 -7 (-0.03%) S&P 500: 2,355 -2 (-0.08%) ASX SPI200 Futures – June (20 minute delay): 5,866 +14 AUD/USD: 0.7493 -0.0002 -0.03% Iron ore benchmark 62% fines: $US75.45 -$US80.55 (-6.76%) 1. Traders shrug […]
6 things Australian traders will be talking about this morning
Markets

UBS has pinpointed the exact moment Australians caught the property bug

The residential mortgage loan books at Aussie banks are huge, but at least regulators are remaining vigilant in their efforts to monitor the sector. That’s the view of UBS in a research note called Housing Bubble Watch, which provided some historical perspective on the incredible growth of household mortgage debt […]
UBS has pinpointed the exact moment Australians caught the property bug
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 20,6663 +15 (+0.07%) S&P 500: 2,357 +4 (+0.19%) ASX SPI200 Futures – June (20 minute delay): 5,864 +16 AUD/USD: 0.7543 -0.0023 -0.30% Iron ore benchmark 62% fines: $US80.90 -$US0.64 (-0.78%%) 1. Holding pattern set to continue: With minimal fluctuations in US […]
6 things Australian traders will be talking about this morning
Markets

Australia, you’re unlikely to get a pay rise any time soon

The competing forces in the Australian economy were made starkly apparent with the release of the Reserve Bank of Australia’s (RBA) minutes from its March meeting this week. The bank kept rates on hold at 1.5%, as expected, and also took on a more dovish tone as it monitors the […]
Australia, you’re unlikely to get a pay rise any time soon