Reporting season wrap up
This year’s reporting season illustrates the value of long-term company plans in a volatile economy. While continued lockdowns mean Australia hasn’t yet moved into a recovery phase, opportunities still await patient investors. Investors looking long term This year’s reporting season has revealed a fascinating divergence between companies with strong short-term results and those attracting investor…
China applies to join CPTPP trade pact
WELLINGTON, RAW – China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the country’s commerce ministry says. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter to New Zealand Trade Minister Damien O’Connor, the Chinese ministry said in a statement. New Zealand…
Australian employment tumbles by 146,300
CANBERRA, AAP – The number of people employed in Australia slumped by 146,000 in August as a result of a number of coronavirus lockdowns across the country. However, the Australian Bureau of Statistics said the unemployment rate eased to 4.5 per cent from 4.6 per cent as a result of the participation rate of those…
Lockdown exit plan confusing for business
SYDNEY, AAP – Confusion and fear over vaccine rules, COVID-19 restrictions and exposure risks are plaguing NSW businesses as the end of lockdown looms. Industry bodies, speaking at a virtual summit on Western Sydney’s economic recovery on Wednesday, said time was running out for businesses to plan for the state’s reopening. The heartache of the…
Extra support for virus-hit Tas businesses
HOBART, AAP – Tasmanian businesses feeling the pinch from ongoing border closures will have access to an extra $50 million in state and federal government support. The jointly funded grants package has been upped from $20 million to $50 million, it was announced on Tuesday. The Tasmanian government is also providing about $20 million in…
CommSec Daily Report Tuesday
Latest News The Aussie market remains a touch softer at lunch on Tuesday but has recovered from its opening lows. The ASX 200 briefly hit positive territory but trades 9 points lower to 7,416 after midday. The benchmark index was down as much as 37 points or 0.5% in the first 30 mins of trade….
Petrol prices strike 20-month high
CANBERRA, AAP – Petrol prices have struck their highest level in 20 months, despite cars being used less because of coronavirus lockdowns. New figures from the Australian Institute of Petroleum showed the national pump price averaged 154.2 cents per litre in the past week, up 3.6 cents from the previous week. Global oil prices rose…
Jobs plunge in Western Sydney. Small business jobs fall most
Jobs plunge in Western Sydney; Small business jobs fall most Weekly payroll jobs and wages; Used vehicle prices What happened? The Bureau of Statistics (ABS) reported that national payroll jobs fell by 0.7 per cent over the fortnight to August 14, 2021 with total wages down 1.0 per cent. Payroll jobs declined in Greater Sydney…
Consumer inflation expectations hit 33-month high.
Consumer inflation expectations hit 33-month high Record-breaking canola crop; Services jobs expand Consumer confidence; RBA card lending; Services sector activity; ABARES report • What happened? The weekly ANZ-Roy Morgan consumer confidence rating fell by 1.8 per cent to the neutral 100 level (long-run average 112.5 since 1990). Sentiment dropped 5.3 per cent in Sydney and…
Double Digit Earnings Losers with Double Digit Earnings Growth Forecasts
Twice a year Aussie investors who pick their own stocks run the gauntlet of earnings season. Full Year and Half Year Financial Results open the door for big and sustained gains or losses. To add to the mania there is the strong possibility the gains or losses will be fleeting, evaporating within days. As is…
