ANZ (ASX:ANZ) has joined its big three rivals – Commonwealth (ASX:CBA), NAB (ASX:NAB) and Westpac (ASX:WBC) – in confirming they are the biggest beneficiaries of the Reserve Bank’s 13 rate rises in the past 18 months with a record profit for the year to September. ANZ reported a cash profit $7.41 billion for the year […]
ANZ among biggest beneficiaries of rate rises Read More »
13 Nov 2023 – Stocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilised.
Tech stocks lead the market higher as Treasury yields stabilise Read More »
Stocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilised. It was a reversal from Thursday’s trading in which the rate on the 10-year jumped more than 10 basis points. The spike in yields followed a dismal Treasury Department bond auction and comments from Federal Reserve Chair Jerome Powell that
Tech stocks lead the market higher as Treasury yields stabilise Read More »
US October consumer prices and producer prices, Australian labour force and wages data, plus a few key earnings reports, as well as Chinese industrial production and retail sales will be the focus of attention this week. If forecasts are right, US consumer prices should have risen by just 0.1% between September and October, not only
Key economic data set to dominate the week Read More »
Ramsay Health Care (ASX:RHC) had finally sold its Malaysian and Indonesian hospitals owned in partnership with Malaysian conglomerate Sime Darby to 5.7 billion ringgit or $A1.9 billion. The sale of the business has been an on, off and on again situation for more than two years. Sime Darby said in a statement on Friday night
Ramsay Healthcare sells its Malaysian & Indonesian hospitals Read More »
Just as Wall Street recovered nicely on Friday from another bout of bond market jitters on Thursday, Moody’s threw an enormous spanner in the works by pushing its US credit rating to a AAA negative from the long held AAA stable. Moody’s move – announced after trading had finished on Wall Street for the week
US credit rating downgraded Read More »
Oil prices might have bounced on Friday, with the rest of Wall Street but they still underwent a sell-off last week. US West Texas Style crude rose 2.1% on Friday to end at $US75.32 while Brent was up by around 2% to close at $US81.70 a barrel For the week Brent fell 4.1% while WTI
Concerns about global demand continue to impact oil prices Read More »
Local investors will be looking for a solid start to ASX trading today after a 24 point jump on Friday night as Wall Street put together another solid week. Friday saw the Dow jump 391.16 points, or 1.15% to close at 34,283.10, the S&P 500 climb 1.56% to end the week at 4,415.24 and the
ASX expected to start the week on a positive note Read More »
