Biggest fall in job ads in 16 months. Record multiple jobs
Biggest fall in job ads in 16 months; Record multiple jobs Skilled job vacancies; Labour Account What happened? Preliminary skilled job vacancies fell by 5.6 per cent (12,828 jobs ads) to 216,031 available positions in August. While it was the third monthly decline after reaching a 12½-year high in May (240,039 ads), recruitment activity is…
World shares at record high for eighth day
TOKYO, RAW – Global stocks have inched higher on Tuesday to a record high for the eighth straight session as investors wagered the US Federal Reserve is likely to delay the start of tapering its asset purchases after the soft US jobs data. Japanese shares extended their bull run on hopes the ruling Liberal Democratic…
Record online retail sales.
Record online retail sales. Record sales of SUVs Retail trade; New vehicle sales; Purchasing manager indexes What happened? Retail trade fell by 2.7 per cent in July to be down 3.1 per cent on a year ago. But online retail sales soared by 19.3 per cent to record highs. New vehicle sales totalled 81,199 units…
Woolies boss joins in ASX selling day
SYDNEY, AAP – Widespread selling has permeated the ASX on the first day of spring after US traders had concerns about their economy. Most ASX share categories were lower on Wednesday and the biggest declines of more than one per cent were in consumer stocks and healthcare. Energy shares were the only category higher and…
Bigger earnings on way at NextDC
SYDNEY, AAP – Data centre operator NextDC has forecast greater earnings this financial year and is building sites in Melbourne and Sydney for more customers. The ASX 100 company on Friday said underlying earnings would improve from $134.5 million in the past financial year to a range of between $160 million and $165 million. The…
Qantas, Woolies up in bumper earnings day
SYDNEY, AAP – Qantas and Woolworths stocks have risen despite greatly contrasting earnings on another busy day of reports on the ASX. Qantas on Thursday posted a full-year net loss of $1.73 billion from what boss Alan Joyce called diabolical trading conditions. However coronavirus vaccination rates have given investors hope and they lifted shares by…
The importance of reporting season
August is the month most publicly listed companies report their full-year earnings results. Savvy investors need to cut through the noise by focusing on how well expectations have matched up with reality. Here’s what you need to know about the share market’s ‘confession season’. What is reporting season? Throughout reporting season, publicly listed companies update…
Lockdowns hit consumer confidence and home sales
Lockdowns hit consumer confidence and home sales Consumer confidence; Home sales What happened? The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 4.4 per cent in August to an 11-month low 104.1. All five major components of the index fell. The biggest falls in sentiment were for para-professionals and tradies (-15.2 per cent), sales and…
Snap lockdowns essential for now: Treasury
CANBERRA, AAP – Treasurer Josh Frydenberg has warned until 70 per cent of Australians are vaccinated, it is an economic imperative that governments move fast to get on top of coronavirus cases. “If they don’t, we see lengthier and more severe lockdowns which have a much more significant economic cost,” he told reporters in Canberra…
Support to fossil fuel research is more than apparent
Australian governments direct billions to fossil fuel companies. Among the projects funded by Commonwealth and state governments are work on coal ports, railways and power stations, and research into “clean coal” or “coal innovation”. Whether worthwhile or not, this funding is visible and can be debated on its merits, as The Australia Institute has done…
