Oil prices open higher after falls on Friday
WTI has opened up higher following the general risk mood after the US Food and Drug Administration (FDA) authorised the use of blood plasma from COVID-19 survivors to treat sick patients. There is some thought this could improve the therapeutics regime and help with survival rates Oil prices struggled Friday on weaker than expected PMIs…
Defaults delayed, not defeated
As a second wave of COVID-19 rolls around the world, both consumers and corporates remain under pressure. A flood of liquidity and prompt government action have successfully delayed many defaults, but that does not mean the default cycle is over. Having benefitted from the recent rally in credit markets, we believe it’s important to remain…
The way forward is littered with landmines
Even though markets have seemingly settled down over the last two months, investors are still faced with a difficult environment to navigate. Simon Doyle shares how in his 30 years of investing, 2020 has been one of the most difficult environments to date. I have been in markets for over 30 years, and the first…
How COVID-19 has changed the way we work
One of the many things COVID-19 has had a dramatic impact on is the way many of us work. Those fortunate enough to be able to work from home have been able to adapt to this new reality – and it certainly has been “new”. Perhaps the biggest question for both employers and employees is…
Trader thoughts – reflation the play of the day
The reflation trade continues to evolve through markets and what has generally worked in markets continues to do so. The fundamental catalysts once again have us questioning the broad moves, but as we know this is a market where we think less and go with the flow. Like many, I had considered there to be…
CommSed Daily Report Tuesday
Latest news The Australian sharemarket is off to its best start in a fortnight, with the ASX 200 lifting by 2.04 per cent to 6,047.2, following solid gains from US and European markets and better manufacturing data. Keep in mind that shares briefly hit fiveweek lows on Monday and slumped by 2 per cent on…
Brisbane petrol prices hit 4-month high. Record lift in inflation; Job ads rebound.
Brisbane petrol prices hit 4-month high Record lift in inflation; Job ads rebound Weekly Petrol Prices; Job advertisements; Inflation gauge Fuel prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 1.6 cents to 124.1 cents a litre last week. And the national average diesel petrol price fell…
Gold production in sight at Classic Minerals’ Kat Gap WA project
After intersecting a new high grade gold lode at its Kat Gap Project, Western Australian gold exploration and development company, Classic Minerals Limited (ASX:CLZ) has shifted its focus to preparing the project for production. The Kat Gap Gold Project is part of the group’s Forrestania Gold Project (FGP), located about 50 kilometres to the south-east…
GTI Resources Moves Forward at its High Potential WA Gold Play
Gold has been the standout sector amid the coronavirus-led market volatility. The spot gold price breached the US$1800/oz level last week — a new 9-year high — investors continue to pile into ASX-listed gold juniors. And while some impressive gains have already been made, it’s a sector that looks to have plenty left in the tank. Both…
Australia’s trade surplus rose 2pct in May
Australia’s trade surplus rose 2.0 per cent to $8.03 billion in May, as imports fell faster than exports. Exports dropped 4.0 per cent to $35.7 billion, while imports dropped 6.0 per cent to $27.7 billion, data from the Australian Bureau of Statistics showed on Thursday. Imports of consumption goods was steeply lower, down 14 per…
