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Townhouse approvals at 20-year highs

Townhouse approvals at 20-year highsPrivate sector credit; Building approvals; China manufacturing & servicesLending: Private sector credit (lending) rose by 0.4 per cent in October after a 0.3 per cent rise in September. Annual credit growth fell to 5.3 per cent in October from 5.4 per cent in September.Dwelling approvals: Approvals by local councils to build…

Australia calls banking inquiry to quell public anger

An independent inquiry into the Australian financial services sector was announced Thursday in a bid to quell public anger at the massively profitable banking system after a series of scandals.The country’s ‘big four’ lenders – among the developed world’s most wealthy – have been under scrutiny in recent years amid allegations of dodgy financial advice,…

CommSec Daily Report Thursday

Latest newsAustralian shares are off to a rough start, with the ASX 200 slipping by 0.5 per cent and falling back below 6000pts after closing above the key psychological barrier yesterday. News of a Royal Commission into the financial services industry this morning is pushing the banks down by as much as 2 per cent,…

Why the RBA should remain on hold in 2018

Sherwood Comment 30th November 2017 – Why the RBA should remain on hold in 2018.In this morning’s AFR former RBA board member Warwick McKibbin stated that the RBA should start raising the target cash rate to reduce exchange rate volatility and to prevent a more volatile economic reaction that could occur if we paused for…

Saracen Minerals (SAR) Managing Director, Raleigh Finlayson

Executive Series 28 Nov 17: Saracen Minerals (SAR) Managing Director, Raleigh Finlayson In this short video Tom & Raleigh discuss; • the company’s latest drill results for its Carosue Dam operation.• progress of its Thunderbox project, including its underground project. YouTube Link: https://youtu.be/si54aWHekd0 To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

Crowd Mobile (CM8) CEO, Domenic Carosa

Executive Series 29 Nov 17: Crowd Mobile (CM8) CEO, Domenic Carosa In this short video, Tom & Domenic discuss; • CM8’s digital marketing business through the use of social media influencers• Its digital currency strategy involving blockchain and a potential Initial Coin Offering (ICO) launch.• Growth strategy and focus in the European media market. YouTube Link: https://youtu.be/KQ9JsOBvoyw To view more…

US economy sees fastest growth in three years in third quarter

The US economy posted its fastest growth in three years in the third quarter, indicating a broad-based expansion is gaining momentum, according to official figures released Wednesday.The revised data surpassed President Donald Trump’s three percent target for the second time in a row, showing that back-to-back hurricanes in late summer barely left a scratch on…

China factory activity accelerates in November

China’s manufacturing activity accelerated in November, official figures showed Thursday, beating expectations as strengthening domestic and global demand boosted production in the world’s second-largest economy.The manufacturing purchasing managers’ index, a gauge of factory conditions, stood at 51.8 for the month, the National Bureau of Statistics (NBS) said, up from 51.6 in October.Anything above 50 is…

Fed survey shows signs of inflation, rising wages in US

US price pressures have strengthened and wages are showing some signs of life after an extended period of mysteriously low inflation, according to a Federal Reserve survey released Wednesday.The Fed’s so-called beige book survey, which gathers reports from businesses across the nation, offers another sign the central bank is likely to raise interest rates at…

Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner

Executive Series: Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner In this short video, Tom & James discuss; • Kazia’s recent name change from Novogen• Progress of its ovarian cancer and brain cancer drug trials YouTube Link: https://youtu.be/Pd55l3EC66A To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series