CommSec Daily Report Thursday
Latest NewsLocal shares have been boosted by a strong showing from US sharemarkets overnight. US traders digested the release of US inflation data which came in higher than forecast in January, higher inflationary pressures have been one of the causes of the recent market volatility. However a slowdown in retail sales tempered views about the…
Aussie market tipped to open higher
The Australian share market is tipped to open higher this week, taking strong leads from Wall Street amid growing optimism US-China trade tensions are beginning to ease. Both US and European markets closed higher last week, with soft US economic data being outweighed by indications President Trump and his Chinese counterpart are making progress in…
Germany to let NATO use its cyber skills
Germany is to join the ranks of NATO countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday.NATO has designated cyberspace as a conflict domain alongside land, sea and air and says electronic attacks by the likes of Russia and China – but also…
Nissan faces SEC probe over executive pay
The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct.‘I can confirm that we have received an inquiry from the SEC, and are cooperating fully,’ said Nissan spokesman Nicholas…
Huawei warns that global partnerships are under threat
Chinese tech company Huawei may not have expected to find itself embroiled in a proxy battle over geopolitical infringements. It has maintained its independence from the Chinese state amid accusations that the economic superpower could take control of the company. Such reasoning has led Australia and the UK to pull out of deals to allow…
Australia sees renewable surge with 2 million solar-powered homes
Australia appears to be taking up the mantle when it comes to the threat of climate change, as the nation now has 2 million homes powered by solar. This landmark adds to the growing confidence in the renewable sector that Australia is trying to develop off the back of its well-suited natural surroundings. The country…
Strong bank earnings lift US stocks amid shutdown angst
Strong bank earnings lifted Wall Street Wednesday even as worries about the economic hit from an ongoing US government shutdown limited gains. The Dow Jones Industrial Average led the major indices, closing the day with a gain of 0.6 percent to 24,207.16.The broad-based S&P 500 advanced 0.2 percent to end the session at 2,616.10, and the…
Carmaker Rolls-Royce backs UK after record year
Rolls-Royce Motor Cars ‘belongs to Britain,’ its chief executive said Thursday amid growing concerns over the possible impact of a no-deal Brexit on the economy. German-owned Rolls-Royce sold a record-high number of luxury vehicles last year, with purchases soaring worldwide, it announced.‘2018 was a most successful, record-breaking year for Rolls-Royce,’ said its chief executive Torsten Mueller-Oetvoes.‘We…
Key indicators from the Australian economy in 2018
There is little doubt that 2018 was a year of ups and downs in many sectors as worldwide volatility attempted to undermine what could otherwise have been a year of gains in certain areas. With China and the US looking unstable in completely different ways, house prices falling in Australia and consumer confidence at a…
Canadian judge grants bail to Huawei exec
A Canadian judge granted bail Tuesday to a top Huawei executive after her arrest on a US warrant, in a case that has frayed relations between the North American allies and China.Meng Wanzhou, Huawei’s chief financial officer, is wanted by US authorities for violating Iran sanctions but Beijing has expressed outrage over her detention and…
