Aust shares up for fourth straight day
The Australian share market has rebounded from early losses of almost one per cent to close higher for a fourth straight day. The S&P/ASX200 benchmark index finished on Wednesday up 13.5 points or 0.24 per cent, at 5,573 points. The All Ordinaries index gained 21.3 points, or 0.38 per cent, to 5,680.1. The Australian dollar…
China challenged over Aust trade hit list
Trade Minister Simon Birmingham has challenged China to respond to unsourced reports it is drawing up a hit list of Australian exports. Bloomberg reports Chinese officials are considering stricter checks for some Australian seafood, oats and fruit, and state media could encourage consumer boycotts. “This is an unsourced claim for Chinese authorities to respond to,”…
Green shoots of recovery?
Green shoots of recovery? Consumer confidence; Spending data; Weekly payrolls; Reserve Bank Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 2.2 per cent to 92.3 points. Sentiment has lifted for seven straight weeks and is up 41.4 per cent since hitting record lows. Survey of payrolls & wages: The Bureau of Statistics…
Petrol prices lift the most in 13 weeks
Petrol prices lift the most in 13 weeks Weekly Petrol Prices; COVID-19 survey; Chinese economic data Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 8.2 cents last week – the biggest increase in 13 weeks – to 111.3 cents a litre. But unleaded pump prices…
Oil prices jump on signs of higher demand
US crude prices have reached their highest price since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus. US crude gained 19.7 per cent last week and Brent crude rose 5.2 per cent after a week of bullish news. Both contracts…
Renewable Energy in the Post COVID-19 Era
All over the world countries are already or soon will be dipping their toes into the process of lifting “stay at home” efforts. It seems the global consensus, which may be in error, is that COVID-19 is slowly winding down, opening the door to efforts to begin reviving economies crushed by the lockdowns. The financial…
Thinking straight in a troubled economy
As markets rally in the face of deep uncertainty, while central banks prop up asset values in the name of maintaining liquidity, straight thinking has become rarer than ever. Fortunately, there are still attractive investments for those willing to stay disciplined and seek out enduring value. ‘Think straight, talk straight’: the motto of Arthur Andersen….
ASX flat start likely to busy day
Shares appear set for a flat start to ASX trading after stronger than expected Chinese exports data offset US unemployment figures overnight. The benchmark SPI 200 futures contract was up 5 points, or 0.09 per cent, to 5,373.0 at 0700 AEST on Friday. Stocks globally were bolstered after Beijing reported a 3.5 per cent rise…
Tesla CEO Elon Musk in line for big payday
Tesla chief executive Elon Musk appears to have hit all the milestones he needed to receive a stock award now worth about $US730 million, a payday that will further pad the eccentric billionaire’s vast fortune. The electric car maker ended Wednesday with an average market value of $US100.4 billion for the past six months, according…
Aussie dollar holds above 0.64 cents as markets eye RBA decision
Aussie dollar holds above 0.64 cents as markets eye RBA decision The market took a decent shot at the downside overnight and failed to make any progress. Now we have a market that is likely bit short AUD (AUDJPY) going into RBA, and there is a risk of a squeeze higher. Oil prices have stabilised…
