Local market ran into a surprise smashing with every sector in the red. US market risk with VIX jumping 20% intraday and Tech selloff spooked the market…while Japanese inflation proved that the low inflation outlook is a global problem. July count sits at 10 up days and 10 down days…in... Show More
Around midday today the Philippines Congress will confirm, or otherwise, the appointment of Environment Minster Gina Lopez. The vote will likely dictate the near-term price trends in Nickel. In February this year the Minister shut down 21 Nickel mines for environmental reasons sending the price of Nickel rocketing. There has... Show More
CommSec Chief Economist Craig James reviews the results from the February 2017 earnings season. Of the 142 companies analysed, almost 94% reported a profit. Excluding BHP Billiton, aggregate profits lifted by 37%. Show More
Aussie market's up trend is about to break as US optimism struggles to support stretched multiples. Aussie markets has experienced profit taking cycles every 2-3 months over the last year. We estimate downside risk in the short term to be around 5-7%. High PE growth stocks will once again be... Show More
Aussie market started strong on global sentiment and then gave up some of the gains for profit taking before closing well in the positive territory. The main drivers were banks and miners. The market has moved from Brexit worry at the end of June to bulling sentiment on weak central... Show More
Aussie market started positive on global lead and strong commodities and finished about the same level after pulling back a bit on weak Job market update. The Chinese NPC delivered a downgrade that most would have expected on the weekend while the stimulus plans are more about stabilising fear than... Show More
Nikko AM Australia’s commodity analyst, James Eginton, recently participated in a research trip to China to see first-hand how the economic transition is progressing. The transition - perhaps the largest the world will ever see - has significant implications for global growth. A country where economic growth has been built... Show More
Aussie market started negative and then recovered with better bank sentiment. The bank reporting season entered stage 2 with NAB and BEN reporting today. CBA is stuck to capital requirement like politicians to a helicopter. The result update on Wednesday should shed some light and the bets are still for... Show More
Aussie market started negative and then moved into complete take down mode as institutional investors took a knife to the banking sector with expectations of a CBA cap raising looking very likely. The ANZ cap raising and weak result saw it get smashed down over 7% while CBA got hit... Show More
Aussie market jumped off the starting block with solid global sentiment and then gave up some of the optimism as the day went on. The move today was not really a surprise given that bargain hunters were buying over the past two days despite Chiquities being on the nose. US... Show More
Assuming BHP Billiton shareholders give their blessing over the proposed transaction at today's EGM, investors are going to ask the question: what to do with shares in soon-to-be-separated South32? Apart from differing views on the outlook for base metals and other commodities, history suggests the correct answer depends on what... Show More
With the slight recovery overnight of iron ore’s price, trading above US$ 50 per tonne, Saxo Capital Markets expects now the S&P ASX 200 to regain some positive momentum. Big miners BHP Billiton and Rio Tinto should push the index along with energy stocks, which should also perform well given... Show More
The price of iron ore has fallen below $US100, and it could fall lower with global supply continuing to increase. The slump is not good news for our major iron ore miners BHP Billiton, Fortescue Metals Group, Rio Tinto and Mineral Resources. The iron ore price highlights a serious issue... Show More