CommSec Daily Report Tuesday
Latest NewsLocal shares are falling for a third straight session with the ASX 200 losing 50 points or 0.86% to 5854 heading towards lunch. This follows a mixed session on Wall Street overnight where the S&P 500 fell for a fourth straight session but the tech heavy Nasdaq lifted.Losses are outweighing the gains with most…
CommSec Daily Report Monday
Latest NewsAussie shares have started the week on a softer footing with the ASX 200 losing 62 points or 1% to 6123 heading to lunch. The local bourse was not helped by losses on Wall Street weighed by a jump in US treasury yields.Nearly three quarters of the top 200 stocks are in the red…
The Week Ahead
In Australia over the coming week the Reserve Bank Board meets and retail trade and building approvals data are released with international trade.In China, the coming week kicks off on Sunday when official purchasing manager index (PMI) results for both manufacturing are services sectors are scheduled. The monthly jobs data is generally regarded as the…
Uber announces ramped up passenger security
Uber chief Dara Khosrowshahi said on Wednesday the smartphone-summoned ride service is reinforcing safeguards for passengers and their personal information.Features to be added to the app in the coming months include ‘Ride Check,’ which uses location tracking already built into the service to detect when cars have stopped unexpectedly.If a crash is suspected, the driver…
Evolution full-year profit jumps
Evolution Mining has lifted full-year profit 21 per cent to $263.4 million, helped by the sale of its Edna May gold mine in Western Australia for $90 million. Revenue for the 12 months to June 30 rose 4 per cent to $1.54 billion, due to the strong performance of its Ernest Henry mine in Queensland…
Argentina markets struggle as corruption scandal widens
The Argentine peso is continuing to face difficulties because of a widening corruption scandal that is gripping the South American nation. This scandal led to the arrest of over a dozen former government officials and business executives. The news has come at a difficult time for Argentina, whose markets are in jeopardy after building up…
CommSec Daily Report Monday
Latest newsAussie shares are under some pressure on Monday, easily wiping out last week’s modest improvements with most sectors in negative territory. The ASX 200 is down 0.9 per cent with almost all sectors losing ground. While local stocks remain near 10.5 year highs, trade tensions between the US and China are keeping markets on…
White House legislative director Marc Short departs
An economic advisor to President Donald Trump will take over as the White House’s top legislative director, replacing Marc Short who on Thursday became the latest senior aide to exit the administration.In the middle of a heated Senate confirmation battle over Trump’s pick for the US Supreme Court, the White House announced that Shahira Knight,…
Atlas unanimously recommends Rinehart bid
Atlas Iron’s board has unanimously backed Gina Rinehart’s $390 million takeover bid for the junior miner. Ms Rinehart’s Hancock Prospecting had emerged last week as the likely winner of the battle for Atlas, trumping a previously recommended bid by mid-tier player Mineral Resources. Atlas Iron recommends shareholders accept the Hancock offer, subject to an independent…
Harsh Trump trade policies weigh on US CEO sentiment
Worries among US businesses over President Donald Trump’s aggressive trade policies are beginning to affect CEOs’ outlooks on hiring and capital spending, according to a survey released Tuesday.The survey by the Business Roundtable, which represents giant US corporations, still showed broad confidence in the US economy. But the index fell for the first time in…
