Petrol up 10% over December quarter
Petrol lifts 10 per cent over the past quarterWeekly petrol pricesPetrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.9 cents last week to 137.6 cents a litre. Inflation boost: Petrol rose by 10 per cent in the December quarter and this will add around 0.35 percentage…
Australian mortgage brokers to fight back against new regulations
Much of the fallout from the Royal Commission inquiry into financial misconduct has so far focused on the so-called Australian Big Four banks as well as wealth investment funds. However, some of the affected businesses that feel threatened by the looming set of new regulations are now set to try and stand their ground. Mortgage…
Trump-AMLO: clash of populists, or chance for a fresh start?
Like Donald Trump before him, Mexico’s new leftist leader Andres Manuel Lopez Obrador swept to victory with a promise to shake up corrupt elites and put his country’s interests first. So are the neighbors headed for a clash of the populists, or a new start in relations? The politician known as ‘AMLO’ won more than…
US lead, investor interest lifts market
The Australian share market has closed higher after a strong lead from US stocks and with more investors looking to the share market as a potentially better alternative to property. The benchmark S&P/ASX200 index ended Monday’s session 0.42 per cent higher at 6,075.4 points. On Wall Street in the US on Friday, stocks lifted as…
CommSec Daily Report Monday
Latest NewsAussie shares are recovering from last week’s losses but have given up much of its early momentum. The ASX 200 is eking a gain of 3 points or 0.06% to 6178 approaching lunch. The index fell 0.46% last week but benefitted from a positive lead from Wall St and European markets on reports of…
British parliament backs Brexit delay
Britain’s parliament on Thursday voted to ask the European Union to delay Brexit until at least June and head off a chaotic end to their 46-year partnership in two weeks.But lawmakers also rejected a call to use that time to hold a second Brexit referendum – a blow to the hopes of a large swath…
CommSec Daily Report Friday
Latest NewsThe local market is struggling for direction early on Friday with lacklustre trade for the early part of the session. The ASX 200 index is currently 6 points lower or 0.1% at 6173 points after being unchanged for most of the morning. The ASX 200 is also looking at its first weekly decline in…
CommSec Daily Report Thursday
Latest newsAussie shares have faded from a better start with the ASX 200 flat at lunch after four consecutive sessions of falls. The local market has surged by around 15 per cent since Christmas however after hitting a six-month high last week and is perhaps seeking a positive catalyst to move higher.Last night US stocks…
Amcor expects to wrap up Bemis buy in May
Packaging company Amcor says it expects its takeover of US rival Bemis to be completed in May. Amcor, which plans a dual-listing on the New York Stock Exchange and the ASX, submitted the scheme to US authorities and the Australian Securities and Investments Commission for approval on Wednesday. If approval is granted by regulators in…
ASX moves lower for fourth straight day
The Australian sharemarket has closed lower for a fourth straight day, after a vote in the British House of Commons cast the Brexit process into disarray. The benchmark S&P/ASX200 index was down 13.6 points, or 0.22 per cent, to 6,161.2 points at 1615 AEDT on Wednesday, while the broader All Ordinaries was down 14.6 points,…
