Macro outlook: China stimulus and US Fed backflip to support commodities in the next 6-12 months as declining global growth drives more central banks to keep easing bias and deliver more stimulus. Growing debt and deficit problems have forced governments to deliver a low risk and low growth agenda to... Show More
Falling iron ore prices have led to Fortescue Metals Group reporting a 31% fall in revenue to $3.3bn. Effective cost management & production consistent with full year production have been factors in helping mitigate the impact of lower prices For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Fortescue Metals (FMG) posted a huge slump in annual profit to US$316m for the 12 months ended 30 June 2015. The result was ~25% below consensus and held back by lower iron ore prices For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
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Good Morning from a beautiful Melbourne morning… Show More
Sectors that have run strongly on rate cut thinking may ease. My view is that the “yield play” has run its course and now is the time to look for high quality growth stocks. The telecommunication industry consolidation, and the trades to be had. Stocks with exposure to mergers, acquisitions... Show More
The battle for iron ore market share is likely to play out in the same way as similar fights in other industries. Squabbles over market share which create excess capacity and depress prices are not unusual. The airlines industry and soft drink and beer markets have had similar experiences. The... Show More