Metro Trains Sydney workers win back pay
Metro Trains Sydney maintenance workers have won a long-running battle for more than $500,000 in unpaid wages. Unions NSW says it lodged the dispute in September, after MTS refused to pay more than nine months worth of allowances and leave loading, originally promised to 32 staff in the lead-up to a finalised employment agreement. The…
Gold mining stocks in sweet spot for upside potential
The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular run since March’s stock panic, they have been correcting since early August. That is doing its necessary work of rebalancing sentiment, paving the way for the next bull upleg. Higher prevailing gold prices have proven a huge fundamental…
Petrol prices set to lift on vaccine optimism
Petrol prices set to lift on vaccine optimism Petrol Prices; Used car prices Fuel prices: The national average price of unleaded petrol rose by 3.1 cents to 119.9 cents a litre (c/l) last week according to the Australian Institute of Petroleum. Metropolitan prices rose by 5.2 cents to 121.3c/l with regional prices down by 1.2…
Chinese factory output growing quicker
China’s industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world’s second-largest economy emerged from its slump. Industrial output climbed 6.9 per cent in October from a year earlier, data from the National Statistics Bureau showed on Monday, in line with September’s…
Packer did not control Crown, lawyers say
James Packer is not to blame for the failures of Crown Resorts, his lawyers have told an inquiry examining whether the gaming giant is suitable to run a new $2.2 billion Sydney casino. The Barangaroo premises, slated to open next month, is under a massive cloud because of the NSW Independent Liquor and Gaming Authority…
Biggest lift in used car prices in 21 years.
Biggest lift in used car prices in 21 years Wholesale petrol price at 5-month low Petrol Prices; Used car prices Fuel prices: The national average price of unleaded petrol fell by 3.0 cents to 116.8 cents a litre (c/l) last week according to the Australian Institute of Petroleum. Metropolitan prices fell by 3.8 cents to…
Wall Street closes higher on election day
US stocks have closed sharply higher amid one of the country’s most rancorous presidential elections and investors betting it will be decided without a prolonged process, leading to a swift deal on more fiscal stimulus. Joe Biden’s opinion poll lead over President Donald Trump has raised expectations for a decisive outcome and a post-election stimulus…
Punters urged to have COVID-safe cup day
It might be the race that stops the nation, but Australians are being urged to celebrate the Melbourne Cup in a COVID-safe way. Victoria has landed a quaddie in the lead up to the race, recording four straight days of no coronavirus cases or deaths. Health authorities are again reminding Australians to not be complacent…
Investing in aged care and childcare almost pays for itself
In the absence of an official analysis of the impact of the budget by gender the National Foundation for Australian Women has this morning published its own gender analysis of the budget, across multiple dimensions. It finds the government has invested heavily in things that will mainly benefit men, including apprenticeships and traineeships (two-thirds of…
CommSec Daily Report Wedneday
Latest News The Aussie market is managing to just hold onto its earlier advances with the ASX 200 inching 1 point higher at 6,186. The benchmark index has been trading in a narrow 22 point range over the first few hours of the session. Local gains follow an improved session on Wall Street with major…
