04 Aug 2023 – The S&P 500 ticked lower for a third straight day, as Wall Street assessed the latest corporate earnings results and struggled to shake off pressure from rising bond yields, in which the benchmark 10-year Treasury yield is trading at around 4.18 per cent, near its highest level since November 2022.
Apple & Amazon report earnings after the bell Read More »
The S&P 500 ticked lower for a third straight day, as Wall Street assessed the latest corporate earnings results and struggled to shake off pressure from rising bond yields, in which the benchmark 10-year Treasury yield is trading at around 4.18 per cent, near its highest level since November 2022. The S&P 500 fell 0.25
Apple & Amazon report earnings after the bell Read More »
Following Wall Street’s overnight sell-off, the S&P/ASX 200 closed 0.58 per cent lower at 7,311.80. Iron ore prices are declining, heading towards $US100 per tonne. The drop is influenced by sluggish demand from China and the country’s plan to end night-time trading of metal futures to reduce market fluctuations. Currently, Singapore iron ore futures for
ASX closes 0.58% lower following Wall Street’s overnight sell-off Read More »
Downer EDI’s (ASX:DOW) relatively new management team asserts that it has successfully addressed all the issues, met the revised guidance for the financial year ending in June, and is committed to delivering on its promises regarding cost reductions and margin rebuilding over the next year. In a statement to the ASX on Thursday, Downer EDI
Downer EDI’s turnaround Read More »
Link Administration Holdings (ASX:LNK) is set to report a massive loss for the year ending June 30, primarily due to a dud deal in the UK. Link joins a long list of Australian companies to lose heavily in UK expansion moves – they include, AMP, National Australia Bank, Wesfarmers (hardware), Insurance Group Australia, and the
Link’s UK misadventure Read More »
Recently, Sequoia Financial Group Investment Manager Winston Sammut spoke to us about property opportunities and pitfalls in the current economic climate. On the back of this, this article looks to expand on these points in depth, whilst highlighting the companies that fall within these sub sectors of the A-REIT market. Currently, there are a lot
Do’s and Don’ts in real estate Read More »
In what could be a significant trend for REITs this reporting season, BWP Trust (ASX:BWP), the landlord of 65 Bunnings warehouses, has disclosed asset write-downs across its substantial $3 billion large-format retail portfolio. As the first A-REIT to release its full-year 2023 results, BWP Trust unveiled a 2.2% or $64.6 million net fall in property
BWP Trust reports asset write-downs Read More »
03 Aug 2023 – The ASX is currently trading 0.5 per cent lower at 7,317.80, and the SPI futures are witnessing a decline of 39 points.
Afternoon update: ASX trading 0.5% lower, Consumer Staples outperforming Read More »
The ASX is currently trading 0.5 per cent lower at 7,317.80, and the SPI futures are witnessing a decline of 39 points. Regarding sector performance, Consumer Staples stand out as the best-performing sector, showing a gain of 0.49 per cent, while Information Technology is currently the worst performer, down 1.46 per cent. Moving on to
Afternoon update: ASX trading 0.5% lower, Consumer Staples outperforming Read More »
Fitch, one of the three major independent credit rating agencies, has downgraded the credit rating of the US government due to mounting concerns about the country’s financial situation and its increasing debt load. The rating has been lowered from the highest level of AAA to the slightly lower rating of AA+. Fitch cited a “steady
ASX down 0.45% at noon as Fitch downgrades US credit rating Read More »
