East Coast petrol prices spike; Used car prices lift;
East Coast petrol prices spike; Used car prices lift China’s ‘V’-shaped recovery; Aussies return home Petrol Prices; Used car prices; Tourism; Chinese economic data Fuel prices: The national average price of unleaded petrol fell by 0.2 cents to 119.6 cents a litre last week according to the Australian Institute of Petroleum. But daily unleaded retail…
CommSec Daily Report Monday
Latest News The Aussie market is softer to start the new weak as the ASX 200 trades 33 points or 0.5% lower to 6,682 at lunch. The index was down as much as 54 points or 0.8% in the opening hour of the session. Local declines follow what was a rather weak lead from Wall…
Optimistic investing amid uncertain outlook
Reasonable financial market returns masked a tumultuous year as investors continue to search for patterns in the market’s erratic behaviour. In a fitting end to 2020 more surprises rolled in over December, with share prices oscillating wildly, commodity prices remaining depressed and cheap valuations overtaking business fundamentals. “History is merely a list of surprises. It…
Investing in high-voltage transmission lines
When, in the midst of the pandemic, the Economic Society of Australia invited 150 of Australia’s keenest young thinkers to come up with “brief, specific and actionable” proposals to improve the economy, amid scores of ideas about improving job matching, changing the tax system, providing non-repayable loans to businesses and accelerating telehealth, two proposals stood…
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…
ASIC approves variations to the Banking Code
ASIC has approved variations to the Banking Code of Practice (Code). The variations, as proposed by the Australian Banking Association (ABA), do the following: Amend the Code’s definition of ‘banking services’ to address an anomaly in the Code’s previous wording that had the unintended result of excluding certain types of small business banking customers who…
House approvals at 21-year high
House approvals at 21-year high Building approvals; International trade Dwelling approvals: Council approvals to build new homes rose by 2.6 per cent in November to 28-month highs. Private sector house approvals hit 21-year highs. Foreign trade: The trade surplus fell by $1.6 billion to $5.02 billion in November. Australia has posted 35 successive monthly trade…
Merry Christmas, Aussie Motorists
Merry Christmas, Aussie Motorists Petrol Prices Fuel prices: The Australian Institute of Petroleum will next report on weekly national retail petrol prices on January 4. Wholesale prices: Today, the wholesale unleaded price stands at 108.1 cents a litre and the wholesale diesel price stands at 109.3 cents a litre. Wholesale fuel prices are the lowest…
How to spot the best stocks of 2021
Keeping an open mind about stock selection will be crucial next year. If investors find a good idea, they must try to ensure perceptions about the short-term macro outlook don’t inhibit their decisions. What 2020 has taught us is the importance of understanding the: motivations of politicians under pressure psychology of consumers in unique circumstances…
The national electricity market is on its way out
It has been more than 20 years in the making, but there is now a new order in Australia’s grandest (and most problematic) example of cooperative federalism: the National Electricity Market. Not completely national (it excludes Western Australia and the Northern Territory), it links most towns east of Port Lincoln and south of Port Douglas…
