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…
CommSec Daily Report Wednesday
Latest newsAussie shares are losing ground for a second day, with the ASX 200 index slipping by close to 0.3 per cent at lunch on Wednesday. US stocks provided a softer lead with the Dow Jones down 1.5 per cent (after a long weekend) as investors reacted to the IMF’s cut to global growth forecasts….
The US Financial System Is In Danger Of Collapsing, Researcher Warns
By Ron Hera, Hera Research, LLC Famed Austrian economist Ludwig von Mises wrote in his seminal work, Human Action (originally published by the Yale University Press in 1949), that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come…
Intervene or wait? The RBA faces tricky path to a lower dollar
By Mark Crosby, Melbourne Business School Reserve Bank Governor Glenn Stevens has again weighed in on the value of the Australian dollar, telling a group of economists the bank is open to the idea of intervening to bring its value down. With the Australian dollar having been plus or minus ten cents from parity…
Reserve Bank gives the economy a lift
– The cash rate has been cut by a quarter of a percent to a record low of 2.00 per cent. The Reserve Bank hasn’t provided any guidance on future interest rate changes. What does it all mean? – This is the decision that the economy had to have: an interest rate cut but with…
Green hypocrites? Behaviour change in a consumerist society
By Peter Newton, Swinburne University of Technology Many Australians are happy to declare their interest in sustainability, to reducing their environmental impact. But how many of them are prepared to reduce the amount they actually consume? We recently explored whether Australian households have an “attitude-action gap” on environment and consumption. We surveyed 1200 Melbourne households,…
