Bonds are back – here’s why
It has been an extraordinary time for bond markets. As an asset class, fixed income is often seen as equities’ boring cousin, particularly over the past decade of low yields. Recent months, however, have been anything but boring, albeit for the wrong reasons. Bonds have seen a record decline, but may now be presenting some…
Evening report Friday
The Aussie sharemarket finished lower for the fourth time this week after the ASX 200 shed another 1.25 per cent or 87.7 pts, to 6932. All sectors finished lower for the 13th time this year. The Financials sector posted its fifth straight decline after it lost another 1.6 per cent. Mining stocks also weighed on…
Cyber safety a company culture matter
Listed businesses must be ready to respond when their operations are threatened by online criminals. Earlier this year, the World Economic Forum released its annual Global Risks Report 2022. Failure of cyber security measures was the number one risk for Australian executives, even before Russia’s invasion of Ukraine and the resultant increase in global instability….
Chinese-invested uranium mine exceeds production
WINDHOEK – Rossing Uranium, a Chinese-invested company in Namibia, exceeded budgeted production targets by a significant margin, as the 2,882 tonnes of U3O8 produced during 2021 represented a 16 percent increase compared to 2020, the company’s managing director Johan Coetzee said. To produce the product, the miner had to mine 20.7 million tonnes of rock…
Tesla’s factory resumes full production
SHANGHAI – U.S. carmaker Tesla’s Shanghai Gigafactory has returned to full production capacity. Over 40,000 vehicles have rolled off the production line since it resumed production on April 19, according to the company. Affected by the latest COVID-19 resurgence in Shanghai, the Shanghai Gigafactory once suspended production for over 20 days. The Gigafactory now implements…
Three ASX Listed Investments to Weather the Inflation Storm
Inflation and where to put your money Wage growth is inversely related to the stock market performance. Australia is currently experiencing record-low unemployment and rising wage inflation. Three investments to watch that historically buck the trend. While rising prices at the pump, grocer, and home are taking directly from consumers’ wallets, employers are helping out…
CommSec morning report Friday
In US economic data, initial claims for unemployment insurance (jobless claims) rose by 27,000 to 229,000 in the past week (survey: 210,000). European sharemarkets fell on Thursday. The European Central Bank (ECB) said it would end its bond buying scheme on July 1 and lift interest rates by 25 basis points. The ECB said it…
Market update – Circularity stagflation concerns
Equities are selling off again with a lot of macro data points to digest ahead of CPI later today, including China’s Covid situation regressing and the hawkish pivot from several central banks this week triggering rates higher stock markets lower negative feedback loop. Not to mention the increasing number of corporate profit warnings, as inventories…
CommSec Evening Report
Latest News • The Aussie sharemarket kicked off the session on a weak note and finished near session lows, after the ASX 200 finished 1.4 per cent lower, or 101.4pts, to 7019.7. Today’s losses come after the Financials sector recorded its fourth straight loss, shedding another 2.1 per cent today as the sector recalibrates to…
China’s rail freight volume hits new high in May
BEIJING, – China’s rail cargo volume, a key indicator of economic activities, rose 6.6 percent year on year and hit a new record high in May, data from the China State Railway Group Co., Ltd. showed. A total of 340 million tonnes of cargo were transported through China’s railway network last month, up 21.1 million…
