Housing wealth hits record high. Record prepaid & debit cards.
Housing wealth hits record high. Record prepaid & debit cards. Property prices; Credit/debit cards The Australian Bureau of Statistics (ABS) reports that the total value of Australia’s 10.72 million residential homes rose by $487 billion in the September quarter to a record $9,259.2 billion. The average Aussie dwelling price hit a record $863,700 in the…
‘Mining diplomacy’ vital for energy future
CANBERRA, AAP – Australia’s critical minerals will be in huge demand in the intended global transition to clean energy, according to a global report. Control of the extraction and export of five critical minerals – copper, lithium, aluminium, nickel and cobalt (CLANCs) – will shape the energy transition as big economies such as China compete…
Sector spotlight: Supply chain inflation
With the inflation debate well and truly established as an investment theme, we spoke to Australian supply chain insiders to get a snapshot of exactly what is going on in their businesses. Perpetual SHARE-PLUS Long-Short Fund Portfolio Manager Anthony Aboud takes us through the findings. Fund manager quarterlies and stock broking strategy pieces are coming…
Could inflation be the painful hangover of excessive policy?
When Freddie Mercury penned the eventual smash hit “Don’t Stop Me Now”, little did he foresee how the lyrics and growing song popularity would be analogous to market conditions today. Originally released in 1978 on the group’s album Jazz, the song only reached 86 on the USA’s top 100. Forty years later, “Don’t Stop Me…
Minister locks in east coast gas to 2040
CANBERRA, AAP – Australia’s gas supplies have been secured over the next 20 years under a new plan announced by the federal Energy Minister Angus Taylor. The National Gas Infrastructure Plan and a Future Gas Infrastructure Investment Framework released on Friday aim to lock in supply for households and manufacturers for east coast gas out…
Qld to review mining objection processes
BRISBANE, AAP – The Queensland government has launched a review of laws governing objections to mining projects as the sector faces global headwinds for climate action. Premier Annastacia Palaszczuk used a speech at the Queensland Resources Council annual lunch to announce the review by the state’s Law Reform Commission. “My government is committed to working…
Aust shares up, healthcare and gold rise
SYDNEY, AAP – Australia’s share market has bucked the US lead and risen, helped by healthcare and consumer staples. The market was a little higher on Thursday despite the main three US indices closing lower overnight following retailer earnings. Sonic Healthcare shares on the ASX gained almost three per cent after underlying earnings improved 16…
Wall Street dips on rate hike uncertainty
NEW YORK CITY, RAW – Wall Street indexes have fallen as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings while Visa weighed on the Dow after Amazon said it would stop accepting cards issued by the operator in the UK. Target Corp was the latest big-name retailer to report…
PM claims underdog status before election
CANBERRA, AAP – Scott Morrison is claiming underdog status ahead of a federal election following a new poll showing him losing ground as preferred prime minister. The latest Newspoll has the coalition regaining marginal ground against the opposition but still trailing Labor 47-53 per cent after preferences. “I think that is fairly clear, but I…
ASX dips as miserly week continues
SYDNEY, AAP – A second-half fade in trading caused losses for a third consecutive day on the ASX. BHP and Fortescue Metals each lost more than two per cent on Wednesday as miners proved the biggest weights. Rio Tinto lost 1.65 per cent. Energy companies were the next biggest losers. The benchmark S&P/ASX200 index closed…
