Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,826.43 +287.97 (+1.13%) S&P 500: 2,790.62 +30.63 (+1.11%) AUD/USD: 0.7353 +0.0047 (+0.64%) ASX200 SPI futures (December contracts): 5,750 (-21) 1. Positive sentiment from the US-China trade negotiations extended to Wall Street overnight, with gains led by tech stocks and chipmakers. ASX futures are pointing […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,538.46 +199.62 (+0.79%) S&P 500: 2,759.99 +22.23 (+0.81%) AUD/USD: 0.7306 -0.0013 (-0.18%) ASX200 SPI futures (December contracts): 5,699 (+25) 1. President Trump and China’s Xi Jinping have agreed to postpone the next round of US-China trade sanctions, and set out a 90-day window for […]
6 things Australian traders will be talking about this morning
Markets

4 charts that indicate there’s ‘upside risk’ to US inflation

Markets rallied strongly this week when comments from US Fed chair Jerome Powell were perceived as dovish. But multiple analysts called it an overreaction, and argued the data suggests there are more rate hikes in store in 2019. These four charts from Deutsche Bank indicate that upward pressures on wage […]
4 charts that indicate there’s ‘upside risk’ to US inflation
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,339.24 -27.19 (-0.11%) S&P 500: 2,738.12 -5.66 (-0.21%) AUD/USD: 0.7317 +0.0011 (+0.15%) ASX200 SPI futures (December contracts): 5,752 (+6) 1. The S&P500 was up for most of the day but drifted lower into the close, as global markets largely consolidated the previous day’s move […]
6 things Australian traders will be talking about this morning
Markets

Adani’s controversial Queensland coal mine is going ahead

Mining company Adani today announced that it’s proceeding with a scaled-back version of its Carmichael coal mine. The announcement follows years of controversy, legal delays and opposition from environmental groups. Adani CEO Lucas Dow said the project will be entirely self-funded. Construction is expected to begin before the end of […]
Adani’s controversial Queensland coal mine is going ahead
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,366.43 +617.70 (+2.50%) S&P 500: 2,744.88 +62.68 (+2.34%) AUD/USD: 0.7307 +0.0082 (+1.13%) ASX200 SPI futures (December contracts): 5,765 (+40) 1. US stocks posted their biggest daily gain since March overnight, after Fed chair Jerome Powell said US interest rates were “just below” levels that […]
6 things Australian traders will be talking about this morning
Markets

ANZ chief Shayne Elliott emailed David Gonski to ask for a 23% pay cut

Evidence presented at the banking royal commission today showed ANZ CEO Shayne Elliott asked for a 23% pay cut. When asked why his pay should be reduced, Elliott told counsel assisting the commission that he was the “ultimate accountable person” for any misconduct. ANZ chief executive Shayne Elliott has revealed […]
ANZ chief Shayne Elliott emailed David Gonski to ask for a 23% pay cut
Markets

25 of the best quotes from Business Insider’s Devils & Details live podcast event

Business Insider Australia’s inaugural Devils & Details live podcast event was held last night. Accompanying editor-in-chief Paul Colgan and markets and economics editor David Scutt was a stellar line-up of some of Australia’s most forthright and insightful commentators and analysts, discussing investment, property, and the outlook for 2019. Here’s who […]
25 of the best quotes from Business Insider’s Devils & Details live podcast event
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,748.73 +108.49 (+0.44%) S&P 500: 2,682.20 +8.75 (+0.33%) AUD/USD: 0.7226 +0.0006 (+0.08%) ASX200 SPI futures (December contracts): 5,739 (+5) 1. US stocks fluctuated as markets assessed the latest US-China trade tensions, after Donald Trump said he expects to increase tariffs on Chinese imports. The […]
6 things Australian traders will be talking about this morning
News

Jack Ma is officially a Communist

Creator of e-commerce giant Alibaba Group, and China’s wealthiest person alive has been outed by Chinese media as a member of China’s Communist Party. Speculation about Ma’s ties to the Chinese government have long been discussed, though he has often kept his distance from Beijing in his public comments. On […]
Jack Ma is officially a Communist
Markets

The Federal Court approves Nine Entertainment Co takeover of Fairfax Media

The Federal Court has approved Nine Entertainment Co’s takeover of Fairfax Media, despite opposition from former Domain boss Antony Catalano and Aurora Funds Management. At a hearing on Tuesday morning, shareholders were given an opportunity to oppose the scheme of arrangement to join the two media companies, which saw Mr […]
The Federal Court approves Nine Entertainment Co takeover of Fairfax Media
Markets

Australian retailers are now ‘going bust in record numbers’

Data from business analytics company illion shows a record number of Australian retailers are going to the wall. Although relatively low as a percentage of all companies, the negative trend is worth highlighting given the laundry list of headwinds already facing the sector. Multiple analysts agree that the near-term performance […]
Australian retailers are now ‘going bust in record numbers’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,640.24 +354.29 (+1.46%) S&P 500: 2,673.54 +40.98 (+1.56%) AUD/USD: 0.7230 -0.0001 (-0.01%) ASX200 SPI futures (December contracts): 5,723 (+45) 1. Global stocks rose overnight as some risk-on sentiment returned to markets. A Cyber Monday boost saw Amazon lead the big US tech companies higher, […]
6 things Australian traders will be talking about this morning
Markets

The recent surge in Australian renewable energy investment, in one chart

Capex in Australia’s utilities sector rose sharply in 2017/18, led by a surge in renewable energy investment. CBA’s Kristina Clifton says financial incentives from the government should ensure further renewables investment in the years ahead. Australia will get an update on the business investment outlook this week, with the release […]
The recent surge in Australian renewable energy investment, in one chart
Markets

The number of $50 notes out there for each Australian may surprise you

RBA governor Philip Lowe says the shift towards electronic payments in Australia is happening “quite quickly”. However, he said bank notes won’t vanish from existence any time soon. And interestingly, the number of bank notes on issue is heavily skewed to the expensive end. If you’ve ever wondered how many […]
The number of $50 notes out there for each Australian may surprise you
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,285.95 -178.74 (-0.73%) S&P 500: 2,632.56 -17.37 (-0.66%) AUD/USD: 0.7231 -0.0023 (-0.32%) ASX200 SPI futures (December contracts): 5,666 (-37) 1. Oil prices hit a 2018 low on Friday night, as brent crude slumped below $US60 a barrel — a fall of over 30% from […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 24,464.69 -0.95 (unchanged) S&P 500: 2,649.93 +8.04 (unchanged) AUD/USD: 0.7256 -0.0007 (-0.10%) ASX200 SPI futures (December contracts): 5,671 (-25) 1. With US markets closed for Thanksgiving, there was a mild risk-off tone in the UK and Europe. Stocks drifted lower amid […]
6 things Australian traders will be talking about this morning
Markets

A local crypto exchange has launched a blockchain innovation hub in Sydney

Domestic crypto exchange Independent Reserve has launched a blockchain innovation hub in North Sydney. The site – called IR ventures — will include commercial tenants and a working space for blockchain startups. The hub plans to provide mentoring services and “invest in up to 24 Australian companies in early commercialisation […]
A local crypto exchange has launched a blockchain innovation hub in Sydney
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,464.69 -0.95 (0.00%) S&P 500: 2,650.55 +8.66 (+0.33%) AUD/USD: 0.7262 +0.0049 (+0.68%) ASX200 SPI futures (December contracts): 5,658 (+16) 1. US stocks opened strongly overnight but lost momentum into the close, following two days of heavy falls. Energy and tech sectors were the best […]
6 things Australian traders will be talking about this morning
Markets

The areas in Sydney and Melbourne most at risk of apartment oversupply

Analysis from Citi shows the Melbourne CBD is most at risk of apartment oversupply. While Sydney has more regions deemed at-risk, oversupply concerns aren’t as heightened as the key Melbourne trouble spots. The bank said new apartment approvals are likely to still exceed underlying demand until 2020. Analysis from Citi […]
The areas in Sydney and Melbourne most at risk of apartment oversupply
Markets

4 catalysts for the latest crash in oil prices

Oil prices crashed again overnight, as futures markets for brent crude and US WTI both slumped by more than 6%. Prices are now at a nine-month low, almost 30% beneath their October highs. CBA commodities analyst Vivek Dhar highlighted four reasons for the overnight selloff. Oil took another tumble overnight, […]
4 catalysts for the latest crash in oil prices
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,463.40 -554.04 (-2.21%) S&P 500: 2,642.44 -48.29 (-1.79%) AUD/USD: 0.7305 -0.0077 (-1.06%) ASX200 SPI futures (December contracts): 5,623 (-55) 1. It was another rocky session for US stocks overnight, as the S&P500 erased its 2018 gains while the FAANG group of major tech stocks […]
6 things Australian traders will be talking about this morning
Markets

The simplest reason we’ve heard for Bitcoin’s latest meltdown

The meltdown in crypto markets raises an obvious question – what’s causing the price falls? Senior staff at Australian-based crypto exchanges told Business Insider the falls may be due to uncertainty stemming from a hard fork of Bitcoin Cash on Friday. Many exchanges have halted trading in Bitcoin Cash. However, […]
The simplest reason we’ve heard for Bitcoin’s latest meltdown
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,017.44 -395.78 (-1.56%) S&P 500: 2,690.48 -45.79 (-1.67%) AUD/USD: 0.7292 -0.0026 (-0.36%) ASX200 SPI futures (December contracts): 5,673 (-18) 1. The recent tech-led selloff in US stocks continued overnight, as the NASDAQ fell to a six-month low. Apple shares fell further below $US200 and […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,413.22 +123.95 (+0.49%) S&P 500: 2,736.27 +6.07 (+0.22%) AUD/USD: 0.7305 -0.0029 (-0.40%) ASX200 SPI futures (December contracts): 5,739 (+17) 1. ASX futures closed slightly higher on Friday after the S&P500 held steady to end the week. US tech stocks were mixed, but energy stocks […]
6 things Australian traders will be talking about this morning
Markets

The IMF joins the chorus of worry over the explosion in ‘leveraged loans’

The IMF has joined leading policy makers, major central banks, and global investors in raising the alarm over the buildup of corporate debt. It said default rates are rising, while growth in “leveraged loans” with less protection for investors are now more than double the levels pre-financial crisis. Excessive corporate […]
The IMF joins the chorus of worry over the explosion in ‘leveraged loans’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,289.27 +208.77 (+0.83%) S&P 500: 2,730.58 +29.00 (+1.07%) AUD/USD: 0.7280 +0.0047 (+0.65%) ASX200 SPI futures (December contracts): 5,757 (+10) 1. Brexit chaos was the main event on overnight markets. A swathe of UK government ministers resigned in protest against Theresa May’s draft deal with […]
6 things Australian traders will be talking about this morning
Markets

Australia’s housing market is unlikely to ‘collapse under its own weight’

RBA deputy governor Guy Debelle says regulatory curbs on investor lending have “meaningfully reduced” Australia’s household debt risk. He said the buildup of riskier investor loans make Australia’s economy more vulnerable to an external shock. However, the market is unlikely to ‘collapse under its own weight’. Debelle also addressed risks […]
Australia’s housing market is unlikely to ‘collapse under its own weight’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,081.31 -205.18 (-0.81%) S&P 500: 2,702.28 -19.90 (-0.73%) AUD/USD: 0.7239 +0.0008 (+0.11%) ASX200 SPI futures (December contracts): 5,745 (+5) 1. It’s jobs day: Continued strength in the labour market is of critical importance if Australia is to maintain economic growth above 3%. Employment data […]
6 things Australian traders will be talking about this morning
Markets

This indicator doesn’t bode well for Australia’s retail sector ahead of the Christmas shopping season

Westpac’s monthly gauge of Australian consumers showed optimists outnumbered pessimists for the 12th straight month. However, the percentage of respondents who plan to spend less money over Christmas rose to the highest level since 2014. Westpac’s monthly survey of consumer confidence was unexpectedly strong today, punctuated by an “exceptional rise” […]
This indicator doesn’t bode well for Australia’s retail sector ahead of the Christmas shopping season
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,286.49 -100.69 (-0.40%) S&P 500: 2,722.62 -3.60 (-0.13%) AUD/USD: 0.7212 +0.0037 (+0.52%) ASX200 SPI futures (December contracts): 5,833 (+1) 1. It’s wages day: Australia’s wage price index for the September quarter comes out at 11:30am AEDT. The WPI has finally begun to edge higher […]
6 things Australian traders will be talking about this morning
Markets

The Nikkei is getting smashed

Japan’s benchmark Nikkei 225 stock index has fallen by more than 3% in morning trade, following a sharp selloff on US markets. Falls were led by Japan Display, a key Apple supplier, which slumped by more than 8% after downgrading forward guidance. Another nasty selloff in US stocks overnight has […]
The Nikkei is getting smashed
Markets

Australian businesses aren’t as confident as they used to be

NAB’s monthly survey of Australian businesses showed conditions worsened in October, while business confidence fell to a 2018 low. The biggest fall was seen in the sub-index for employment, although NAB economist Alan Oster still expects Australia’s labour market to remain strong. Key leading indicators – forward orders and capacity […]
Australian businesses aren’t as confident as they used to be
Markets

Dow tanks 600 points, tech gets rocked

US stocks were lower Monday for a third straight day. Technology was pressured amid worries of slowing iPhone demand. Oil gained as Saudi Arabia signaled it would cut production in December, but rolled over after President Donald Trump tweeted his displeasure. Local stocks look set to fall at the open […]
Dow tanks 600 points, tech gets rocked
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,387.18 -602.12 (-2.32%) S&P 500: 2,725.88 -55.13 (-1.98%) AUD/USD: 0.7177 -0.0048 (-0.66%) ASX200 SPI futures (December contracts): 5,865 (-66) 1. US stocks fell sharply overnight, led by more heavy losses in the tech sector. Apple fell by almost 5% after two of its suppliers […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,989.30 -201.92 (-0.77%) S&P 500: 2,781.01 -25.82 (-0.92%) AUD/USD: 0.7256 -0.0019 (-0.26%) ASX200 SPI futures (December contracts): 5,874 (-37) 1. The ASX200 looks set to open lower this morning, after US stocks fell by 0.9% to end the week. Falls were led by energy […]
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: 26,191.22 +10.92 (+0.04%) S&P 500: 2,805.62 -8.27 (-0.29%) AUD/USD: 0.7256 -0.0019 (-0.26%) ASX200 SPI futures (December contracts): 5,902 (-11) 1. US stocks took a breather overnight in the wake their post-election rally. The US dollar had a modest gain and treasury […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 26,180.30 +545.29 (+2.13%) S&P 500: 2,813.58 +58.13 (+2.11%) AUD/USD: 0.7277 +0.0032 (+0.44%) ASX200 SPI futures (December contracts): 5,897 (+34) 1. US stocks rallied and the greenback lost ground in the wake of the mid-term elections overnight. Gains on the S&P500 were led by tech […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,635.01 +173.31 (+0.68%) S&P 500: 2,754.42 +16.11 (+0.59%) AUD/USD: 0.7221 +0.0009 (+0.12%) ASX200 SPI futures (December contracts): 5,861 (+11) 1. The ASX200 looks set for a cautious open this morning, as Asian markets await key developments from the US mid-term elections. Early results are […]
6 things Australian traders will be talking about this morning
Markets

Here’s everything you need to know about the US midterm elections

The US mid-term elections take place tonight. Early results are set to filter through in Asian trade starting from 11am tomorrow AEDT. The consensus among analysts is for the Democrats to retake control of the lower house, while the Republicans will keep control of the Senate. This primer has all […]
Here’s everything you need to know about the US midterm elections
Markets

Australia’s housing downturn ‘by design’

BAML analysts say Australia’s housing downturn is a direct result of macro-prudential measures to curb investor lending. As a result, it’s “by design”, and BAML said an “orderly adjustment” is a net-benefit for Australia’s economy. For the downturn to turn into a crash, BAML said there would need to be […]
Australia’s housing downturn ‘by design’
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,478.93 +208.10 (+0.82%) S&P 500: 2,738.08 +15.02 (+0.55%) AUD/USD: 0.7213 +0.0015 (+0.21%) ASX200 SPI futures (December contracts): 5,816 (+6) 1. It’s RBA day: The Reserve Bank will hold its monthly meeting today, and rates are certain to stay on hold at 1.5%. But there’ll […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,270.83 -109.91 (-0.43%) S&P 500: 2,723.06 -17.31 (-0.63%) AUD/USD: 0.7199 -0.0007 (-0.10%) ASX200 SPI futures (December contracts): 5,811 (-5) 1. US jobs data moved markets on Friday night, with a bumper report which showed the economy added 250,000 jobs in October (189,000 forecast) while […]
6 things Australian traders will be talking about this morning
Markets

CHART OF THE DAY: How the world’s biggest crypto exchanges stay one step ahead of regulators

Research from Morgan Stanley reveals some dramatic changes in crypto-adjacent industries. Trading volume on global exchanges is dominated by exchanges that facilitate crypto-to-crypto transactions. Crypto-to-crypto trades now exceed fiat-to-crypto transactions, due largely to the influence of controversial stablecoin Tether. 2018 has been a relatively quiet year for crypto markets, at […]
CHART OF THE DAY: How the world’s biggest crypto exchanges stay one step ahead of regulators
Markets

6 things Australian traders will be talking about this morning

Good morning and happy Friday. To the scoreboard: Dow: 25,380.74 +264.98 (+1.06%) S&P500: 2,740.37 +28.63 (+1.06%) AUD/USD: 0.7200 +0.0117 (+1.65%) ASX SPI futures (December contracts): 5,813 (+5) 1. Global stocks kicked off November on strong note, as more company earnings results beat expectations in the US and the UK. Markets […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 25,115.76 +241.12 (+0.97%) S&P500: 2,711.74 +29.11 (+1.09%) AUD/USD: 0.7072 -0.0026 (-0.37%) ASX SPI futures (December contracts): 5,824 (+26) 1. Global stocks rallied overnight, as company earnings beat expectations in the US and Europe and the NASDAQ rose more than 2%. It capped off a […]
6 things Australian traders will be talking about this morning