The Week Ahead
Surveys of business and consumer sentiment are amongst the key indicators to be released in Australia over the week. The Reserve Bank features also in new reports, economic data and speeches.In the US in the coming week the focus is on inflation readings. On Monday, the Columbus Day holiday isrecognised in some states.Meanwhile politically-sensitive trade…
ASIC increases scrutiny on initial coin offerings
The Australian Securities and Investments Commission (ASIC) has opted to start taking action against what it termed “misleading” initial coin offerings (ICOs) aimed at retail investors. The corporate watchdog had been keeping its distance from the current world of digital currency trading. However, the recent proliferation of ICOs has forced ASIC to take a stance….
Exports boost Canadian economy to best growth in a year
Canada’s GDP has surged in 2018 during the second quarter as the North American nation posted the best economic results for a year. A double boost of increased exports and a rise in consumer spending has precipitated the increase, which comes at a helpful time for Prime Minister Justin Trudeau as his country navigates the…
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,…
CommSec Daily Report Wednesday
Latest NewsThe local market is extending its losing streak into a fourth session with the ASX 200 falling another 25 points or 0.4% to 6149 heading into lunch. Almost every sector is in negative territory with losses in the healthcare and communications sectors the worst performers. In the health space, CSL Ltd (CSL) is the main…
