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…
CommSec Daily Report Wednesday
Latest newsLosses from the banks and miners are pushing the Australian sharemarket lower for a fifth day, with the ASX 200 index slipping by 0.75 per cent. The Australian dollar strengthened following better than anticipated quarterly economic growth data.Concerns relating to trade tensions between the US, Canada and China together with stronger US data contributed…
Tesla sues Ontario over scrapped electric car rebate
US electric automaker Tesla has sued the government of Ontario, Canada, after the province scrapped a rebate initiative for purchases of electric cars, Canadian media reported Thursday.Upon assuming power last July, Premier Doug Ford’s conservative government announced the end of several green energy programs, including several thousands of dollars in rebates for electric car buyers.Customers…
Corporate cops hit the beat in big banks
Australia’s big four banks and AMP have forked out or offered more than $222 million in compensation to customers charged for advice they didn’t receive. Total compensation could soar to $850 million across the banking sector if all future payments are made to customers. Commonwealth Bank, NAB, ANZ, Westpac and AMP made up $222.3 million…
Good news for motorists
Good news ahead for motoristsWeekly petrol pricesWholesale petrol: Today, the national average wholesale (terminal gate) unleaded petrol price stands at 131.8 cents a litre, down by 2.5 cents over the week and at 3-month lows (lowest since May 1).Retail petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol…
CommSec Daily Report Thursday
Latest NewsLocal shares advanced in early trade on Thursday, shrugging off the weaker trend seen in US and European trade overnight. US equity markets sold off as a trade tensions between the US and China intensified after the Trump Administration released a list of $200bn in additional imports from China on which it proposes a…
Trade woes drag down European stocks
Trade war worries permeated European stock markets on Thursday, eating into the previous day’s hard-won gains as mixed signals from the White House fueled uncertainty.Focus was also on Brussels, where EU leaders facing deep divisions on migration met for a summit that the embattled German Chancellor Angela Merkel said could decide the fate of the…
Health sector gives blockchain glowing prognosis
Securing safe interchange of patient data, improving the conduct of clinical tests and medicine traceability, and lowering costs.These are just some of the potential boosts for global healthcare the widespread use of blockchain technology, still in its relative infancy, could bring to the table, the sector hopes.The myriad potential applications of the cutting-edge technology used…
Jury still out in Apple-Samsung iPhone patent trial
Jurors return to a Silicon Valley courtroom Tuesday to deliberate for a second day about whether Samsung should pay Apple a billion dollars for copying iPhone design features.Apple is seeking slightly more than a billion dollars in damages in the seven-year-old legal battle, while Samsung wants a figure closer to $28 million.The jury has been…
