CommSec morning report Monday
In US economic data, construction spending fell by 0.1% in May (survey: +0.4%). The ISM manufacturing index eased from 56.1 to 53.0 in June (survey: 54.9). The ‘final’ S&P Global manufacturing index fell from 57 to 52.7 in June (survey: 52.4). According to Wards, total vehicle sales rose from 12.68 million to 13.0 million in…
Can investors bring improved health and wellness to emerging markets?
Impact investing: companies providing health and wellness products and services can make a positive impact on people in emerging markets. Impact investing incorporates dual goals of generating positive contributions to society and the planet, as well as attractive financial returns. We believe this is achieved by investing in the shares of companies which, as well…
The recession everyone sees coming
Right now, the market is trading based on one issue: inflation. This week was a bad one for inflation. The selloff in oil and industrial commodities continued. Since last Friday, WTI crude has fallen over 11% and gasoline futures are down ~12% from recent highs. Copper is in its worst 10-day selloff since March 2020, when the whole world…
An investors guide to dissecting supply chain disruption
We are now over two years into the pandemic and the world is still battling supply chain disruptions that are being amplified by the war in Ukraine and COVID-related lockdowns in China. Investment Director Catherine Yeung and Head of Asian Fixed Income & Hong Kong Investments Marty Dropkin gathered with Fidelity analysts and portfolio managers…
Evening report Friday
Despite climbing by as much as 0.85 per cent this morning, the Aussie market finished its first session of the new financial year in the red, with the ASX 200 sliding by 28.2 pts or 0.43 per cent, to 6539.9. The market was held back most by our mining and energy stocks, after major commodities…
The week ahead – 1 July 2022
Another rate hike is on the cards A raft of ‘top shelf’ economic indicators will be released over the week while the Reserve Bank (RBA) Board also meets to discuss monetary policy settings. The week kicks-off on Monday, with four key indicators to be released. The Australian Bureau of Statistics (ABS) issues Lending Indicators and…
Guangdong carbon market closes higher
GUANGZHOU – Carbon emissions allowances closed at 79.02 yuan (about 11.79 U.S. dollars) per tonne on Thursday, 0.57 percent up from Wednesday, at Guangzhou Emissions Exchange, the largest local carbon market in China. A total of 111,187 tonnes of allowances were transacted on Thursday, with a turnover of 8.79 million yuan. The allowances, officially known…
Huawei partners with world’s marathon star
NAIROBI – Chinese technology firm, Huawei, has partnered with Eliud Kipchoge, a two-time Olympic champion and world record holder in the marathon, in a new campaign that seeks to inspire Kenyan youth. According to Huawei, the campaign aims to instill among the youth key values that are important in achieving success such as perseverance, dedication…
ASIC sues Mercer Financial Advice for misleading customers
ASIC has commenced civil penalty proceedings in the Federal Court against Mercer Financial Advice (Australia) Pty Ltd (Mercer) for allegedly making false or misleading representations to its customers about fees charged and services that were not provided, and for failing to provide fee disclosure statements. ASIC Deputy Chair Sarah Court said. ‘These proceedings are another…
non-manufacturing PMI back to expansion territory in June
BEIJING, – The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.7 in June, up from 47.8 in May, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below it reflects contraction. As the epidemic prevention and control situation in China continues to improve,…
