Australian House Prices down 10% from Peak
By Steve Keen, DebtWatch There are several providers of statistics on Australian house prices, but only one that doesn’t have a vested interest in the direction house prices actually move in: the Australian Bureau of Statistics. So despite the criticisms of this series-that it’s based on detached dwellings only, based on median sales data, too…
European telecoms’ dilemma: Huawei or the highway?
It’s a dilemma for European telecoms firms: Should they steal a march on competitors and rapidly roll out next-generation 5G mobile networks using equipment from top supplier Huawei? Or should they heed US-led warnings of security threats and sit tight, and possibly fall behind?Getting it right will have big consequences as 5G networks are the…
CommSec Daily Report Monday
Latest NewsIt has been a choppy start to the new week, reversing earlier losses to climb 28 points or 0.5% to 5891.5. The index was down 14 points at its worst levels near the open. The Aussie market was tipped to open higher following strong US unemployment growth and optimism surrounding US-China trade talks helping…
CommSec Daily Report Friday
Latest NewsWith January being the best monthly performance since April last year, the start to February has been more subdued as the ASX 200 climbs 3 points to 5868 approaching lunch on Friday. This follows a mixed lead from Wall Street. For the week, the top 200 index is currently looking at a weekly loss…
CommSec Daily Report Thursday
Latest NewsEarly gains are fading for the Aussie market despite a strong lead from Wall Street. US markets were relieved to hear that the US Fed has changed its tune on interest rate movements after leaving rates unmoved at the conclusion of its most recent meeting. The Fed is now looking to be more “patient”…
CommSec Daily Report Wednesday
Latest NewsLocal shares opened with a pop after a strong start from miners, rebounding from yesterday’s losses with the ASX 200 lifting 33 points on the open. That positive momentum hasn’t been maintained as the session progresses with the top 200 index falling from its earlier highs. Approaching lunch, the AASX 200 is trading 5…
CommSec Daily Report Tuesday
Latest newsAussie shares are kicking off the holiday shortened week under pressure, with the ASX 200 down 0.75 per cent as losses from the banks and healthcare sectors weigh heavily.Mining stocks are standing out on Tuesday however, thanks partly to a near five per cent surge in iron ore prices. This was unfortunately triggered by…
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…
CommSec Daily Report Friday
Latest newsAussie shares are lifting for a second day and the 11th time in 15 sessions thanks to gains across almost all sectors. The ASX 200 is up 0.4 per cent and is near two-month highs, keeping local equities on track to have the best start to a new year since July 2016.US markets were…
CommSec Daily Report Thursday
Latest NewsIn an uneventful start to the session, local shares have been treading water in the early part of trade on Thursday. The ASX 200 index traded in a tight range in the morning but is trading at its best levels approaching lunch, up 10 points or 0.2% higher to 5854.Improvements have been led by…
