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…
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…
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…
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…
Vehicle sales climb further in August
SYDNEY, AAP – Australia’s vehicle sales continued to climb in August as ongoing supply issues and the impact of lockdowns in NSW and Victoria were offset by booming demand elsewhere. The Federal Chamber of Automotive Industries said vehicle sales surged 33.1 per cent in August from a year ago, with 81,199 new cars and trucks…
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…
