US China concerns ‘legitimate’: Australia
The United States has legitimate concerns about China’s trade practices and the economic powerhouses must resolve their differences to avert a global crisis, Treasurer Josh Frydenberg says. Mr Frydenberg acknowledges the trade war has put Australia is in a difficult position because China is its biggest trading partner. But at the same time the US…
The Daily Fix – A mid-week chart fest
We’ve discussed global rates and trade tensions in some depth of late, but news that was undoubtedly a key feature yesterday was the idea of renewed China stimulus. We saw the China CSI 300 index close up 3%, with A50 index (CN50) closing 2.5% higher, although we’re looking for a more subdued open today. The…
The Biggest Issues On The Mind Of Hamish Douglass
Trade wars, Brexit, “the Donald” and his tweets, market volatility – there’s a lot going on in the world at the moment. At the Future Generation Investment Forum, Australian Financial Review columnist Tony Boyd sat down to get Hamish Douglass’ read on the current situation. “There’s obviously a lot of noise going on and as…
Afterpay adding 7,900 customers a day
Afterpay Touch says its underlying sales rose 143 per cent in the last 11 months – but its share price is subdued after it disclosed it is in talks with regulators regarding its compliance with anti-money-laundering and terrorism financing rules. The buy-now, pay-later company said on Thursday it processed $4.7 billion in the 11 months…
CommSec Daily Report Wednsday
Latest News The Aussie market is continuing to improve on Wednesday with the possibility on lower interest rates helping boost shares. This follows on from a strong rally on Wall Street overnight as the US Fed signalled an openness to cutting US interest rates and the RBA cutting official rates by 0.25% yesterday, the first…
CommSec Daily Report Thursday
Latest news Aussie shares are slipping by 0.4 per cent on Thursday, with the ASX 200 falling back below 6500pts due mainly to profit taking on the major banks. It is worth mentioning this the market’s first fall in seven days and that equities hit a fresh 11.5 year high on Wednesday. The surprise Coalition…
Auction volume dwindles on poll day
Property auction numbers tapered off across the country over the weekend as many Australians kept their Saturday focus on voting and sausage sizzles. Data firm CoreLogic said there were 917 home auctions across all capital cities, down from an already low 1,218 in the prior week, and its early tally suggested about 57 per cent…
Punting On Labor
On 8 May the Sydney Morning Herald, among many news outlets, reported that an intrepid Aussie punter wagered the stunning sum of $1 million dollars on a Labor win in the upcoming federal elections, potentially vaulting leader Bill Shorten into the Prime Minister’s chair. The odds from three betting sites favor a Labor win, although…
CommSec Daily Report Tuesday
Latest News Selling has intensified for local shares on Tuesday with the escalation of US-China trade tensions. China announced that it will retaliate against the US tariff hike by lifting tariffs on $60 billion of US imports from June 1. US markets fell sharply overnight with the Dow Jones dropping more than 600 points and…
CommSec Daily Report Monday
Latest News Local shares have started the new trading week lower despite US shares finishing last week in positive territory and defying a better start as indicated by the SPI Futures. The ASX 200 is down 23 points or 0.35% to 6288 but is recovering from its lows on the open. US shares rebounded strongly…
