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US Fed members divided over rate hikes in 2018

US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, a report showed Wednesday.The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third…

IG Research – The long and the short of it

The US economy has capped off what has been a strong round of global manufacturing data, with animal spirits roaring ahead and where a reading of 59.7 in the US manufacturing index is consistent with Q4 GDP above 4%, although it’s more likely closer to 3%-3.5%.Digging into the report we can see the new orders…

Sales of large cars remain bright spot in slowing US auto market

Automakers were on track Wednesday to report the first annual decline in US sales since the financial crisis, a dip offset by continued strength in the sales of trucks and other large vehicles.The three leaders in the US market – General Motors, Ford and Toyota – all reported modest declines Wednesday in annual sales compared…

Buy now pay later changing the way we shop

January is a time when many people face up to a rude credit card bill shock, courtesy of the Christmas spending splurge. But in 2018, the proliferation of buy now-pay later services means many Australian shoppers will have payments due to companies such as Afterpay as well. Afterpay Touch, the nation’s largest buy now-pay later…

French to build Vic wind farm and battery

A French renewable energy company has been chosen to build a huge wind farm and battery storage facility in western Victoria. The 204MW wind farm and 20MW Tesla battery will entirely power the Nectar Farms crop at Stawell, as well as pumping the majority of its energy into the local grid. The Bulgana Green Power…

Dulux’s DGL Camel sells coatings business

DuluxGroup’s majority-owned company, DGL Camel International, has inked a deal to sell most of its Hong Kong and China coatings portfolio to Yip’s Chemical Holdings. Under the deal, DGL Camel, a joint venture between Dulux and HK-based Camelpaint Chemical Co, will retain a small part of the coatings portfolio and its Selleys business. Dulux expects…

Stocks to watch

Stocks to watch on the Australian stock exchange: DLX – DULUXGROUP – down 6.0 cents, or 0.78 per cent, at $7.60 DuluxGroup’s majority-owned company, DGL Camel International, has inked a deal to sell most of its Hong Kong and China coatings portfolio to Yip’s Chemical Holdings. HVN – HARVEY NORMAN – flat at $4.21 JBH…

$A is slightly lower against sinking $US

The Australian dollar is slightly lower against its US counterpart, which has fallen to a three-month low in its first trading session for 2018, but has plunged against the yen and the euro. At 0635 AEDT on Wednesday, the Australian dollar was worth 78.30 US cents, down from 78.39 US cents on Tuesday. The US…

IG Research – The long and the short of it

US investors have come back feeling refreshed and ready to do more of what worked in Q417 and it appears they continue to hold an optimistic mindset.Despite cries from certain circles on social media about an impending recession, it seems global growth is accelerating and the prospect of any recession occurring in 2018 is very…

CommSec Daily Report Wednesday

Latest NewsLocal shares reversed yesterday’s losses in early trade as investors focussed on the encouraging performance of US shares overnight. US stocks moved ahead on the back of the better than expected reading for the China Caixin Manufacturing PMI, and the optimistic prospects of for US growth in the year ahead – US economic data…