CommSec Daily Report Tuesday
Latest news Aussie shares are lifting slightly at lunch, with the ASX 200 up by just 0.14 per cent to 5,960.7 as gains from Tech, Industrials, Financials and Telcos are being mostly offset by Materials and Consumer Staples. Early in the day, the Aussie market hit a near three-week high and got to within 5pts…
Consumer confidence hits 14-week high.
Consumer confidence hits 14-week high More Queensland and NSW restaurant diners Consumer confidence; CBA card spending; Restaurant reservations; Public transportation Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.6 per cent to a 14-week high of 95 (long-run average since 1990 is 112.6). Confidence has lifted in six of the past seven…
CommSec Daily Report Monday
Latest news The Australian sharemarket has had a choppy start to the session, with the ASX 200 currently hanging onto a small 0.19 per cent gain to 5,976.3. While this follows a 1.5 per cent lift on Friday and a strong lead from Wall Street, local shares still need to lift by at least an…
China Ramps Up U.S. Crude Oil Imports As Elections Near
China has been buying a lot of U.S. crude oil lately, perhaps in a belated attempt to fulfill some of the energy import quotas agreed with Washington last year or perhaps in a bid to take advantage of supercheap U.S. crude. But the buying spree is about to end. This month alone, China could import…
Seeking yield amid economic turmoil
In March this year, COVID-19 saw the Australian economy grind to a halt and the ASX plunge over 35% in just over a month. The response of central banks in Australia and around the world has been swift and overwhelming – flooding markets with trillions of dollars of bond purchases, sending share prices soaring. For…
Top 30 shorted stocks
The technique of profiting from a price fall is called short-selling, otherwise known as “shorting,” “to go short” or simply “short”. Basically, short-selling is the reverse of how we’re traditionally taught to invest, to buy at the lowest possible price and sell at the highest. When shorting, you aim to jump in at a high…
Record budget deficit; Record Chinese imports
Record budget deficit; Record Chinese imports Final Budget outcome; Preliminary trade Federal Budget deficit: The federal budget was in deficit by a record $85.3 billion or 4.3 per cent of GDP over the past year (2019/20). The deficit was down by $0.5 billion since the previous Economic and Fiscal update in July (JEFU). But the…
CommSec Daily Report Friday
Latest News The Aussie market is firmly higher at lunch on Friday, and on track for a second weekly improvement in a row, with the ASX 200 rallying 89 points or 1.5% to 5,965. This is despite another choppy session on Wall Street overnight where the major US indices eked out small gains as investors…
Aussie population growth hits 8½-year low.
Aussie population growth hits 8½-year low Most jobs added in Accommodation & Food Services Population; Employment by industry Population: Australia’s population increased by 357,000 people to 25,649,985 people over the year to March. Overall, Australia’s annual population growth rate eased from 1.45 to 1.41 per cent – the slowest pace in 8½ years. Natural increase…
