Markets

Something isn’t adding up in the Australian economy

ANZ’s consumer confidence index bounced back last week, but the “time to buy a household item” subindex fell again. It now sits below its long-run average, and other key data backs up the argument that Australians are showing a clear aversion to big-ticket purchases. Along with low wage growth and […]
Something isn’t adding up in the Australian economy
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,283.11 +30.31 (+0.12%) S&P500: 2,723.06 +5.99 (+0.22%) AUD/USD: 0.7393 -0.0021 (-0.28%) ASX SPI futures (September contracts): 6,136 (-16) 1. Brent crude oil rose back above $US76 a barrel, after the US state department announced that countries have until November to cut oil imports from […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,461.70 -196.10 (-0.80%) S&P 500: 2,749.76 -17.56 (-0.63%) AUD/USD: 0.7377 +0.0009 (+0.12%) ASX200 SPI futures (September contracts): 6,151 (-30) 1. After the Aussies let one get away against Denmark in the World Cup, the Dow Jones industrial average declined for an eighth straight session […]
6 things Australian traders will be talking about this morning
Markets

How Australian businesses are changing the way they invest in IT, in one chart

The RBA has released research which analyses the shifts underway in private non-mining investment in Australia. The data shows a decline in business spending on hardware and electronics has been accompanied by an equally sharp rise in software investments. Growth in non-mining business investment has increasingly come into focus since […]
How Australian businesses are changing the way they invest in IT, in one chart
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,657.80 -42.41 (-0.17% S&P 500: 2,767.32 +4.73 (+0.17%) AUD/USD: 0.7369 -0.0014 (-0.19%) ASX200 SPI futures (September contracts): 6,136 (+11) 1. The NASDAQ index closed at a new record high overnight, as global markets had a more muted response to the mounting US-China trade tensions. […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

Good morning. To the scoreboard: Dow: 24,700.21 -287.26 (-1.15%) S&P 500: 2,762.57 -11.18 (-0.40%) AUD/USD: 0.7377 -0.0003 (-0.04%) ASX200 SPI futures (September contracts): 6,086 (+37) 1. Global markets shuddered overnight in the wake of President Trump’s threat to put tariffs on another $200 billion worth of Chinese goods, which China […]
6 things Australian traders will be talking about this morning
Markets

MAPS: Here are the hot spots for high rise in Sydney and Melbourne

Australian residential construction has skyrocketed along with house prices especially in Sydney and Melbourne. Indeed, more than half of the 219,000 dwelling under construction are spread across just three cities — Sydney, Melbourne and Brisbane, according to a report by UBS. The Reserve Bank of Australia warned this month a […]
MAPS: Here are the hot spots for high rise in Sydney and Melbourne
Markets

Telstra missed, and the stock is getting thumped

Telstra has posted an unexpected drop in profit dragged down by regulatory changes and lower revenue from hardware sales. The company also slashed its income expectations for the full year. The stock tumbled in early trade, falling through $5 to trade at $4.96 a short time ago. Via investing.com, here’s […]
Telstra missed, and the stock is getting thumped
Markets

10 things you need to know before markets open in Australia and Asia

Good morning. Welcome back from the Australia Day weekend. Here’s what’s happening as Monday begins. First, the scoreboard: (7:50am AEDT) • Dow: 20,093 -7 (-0.04%) • S&P 500: 2295 -2 (-0.1%) • SPI 200 Futures (March): 5,649 +0.5 (+0.01%) • AUD/USD: 0.7547 +0.00011 (+0.2%) 1. US dollar drops, stocks stay […]
10 things you need to know before markets open in Australia and Asia
Markets

The wild swings in iron ore have slowed

The extreme volatility in iron ore markets ebbed on Friday, at least compared to recent norms. According to Metal Bulletin, the spot price for benchmark 62% fines fell by 0.73% to $77.79 a tonne, leaving its year to date gain at 78.5%. It was the first session since November 16 […]
The wild swings in iron ore have slowed