November 29, 2023

Despite stronger-than-forecast third-quarter growth, US investors are now more upbeat about the chances of a rate cut after a key briefing document for the Federal Reserve’s December meeting showed a slowing in the pace of activity in parts of the economy and a further slipping in cost pressures. Shares and commodities, led by gold and […]

Findi (ASX:FND) has announced robust financial results for the first half of 2024 (1H24), showcasing impressive revenue and earnings growth. Findi Limited Chairman, Nicholas Smedley, expressed optimism about the company’s performance, highlighting significant progress in their strategic endeavors, particularly in India. Key Financial Highlights Findi Limited reported a statutory revenue of $31.757 million for 1H24,

The S&P 500 and the Dow Jones Industrial Average ended Wednesday near the flat line, but the major averages remain on track for their biggest monthly gain in 2023. The S&P 500 and Dow are up 8.5 per cent and 7.2 per cent, respectively, in November. The Nasdaq has climbed about 10.9 per cent over

New Zealand may have changed governments, but the country’s Reserve Bank hasn’t altered its monetary policy stance, keeping the official cash rate (OCR) steady at 5.5% on Wednesday. The central bank acknowledged that the current high cash rate and policy stance are restricting consumer spending and pushing inflation lower. However, it warned that any signs

Inflationary pressures eased slightly in October, as many economists had forecast, following a poor result in September and data for the September quarter. However, the improvement is not a cause for great excitement and will not lead the Reserve Bank to change its stance on the risks of “sticky” inflation, heightened expectations, and potential interest

Signs of a small pickup in sales boosted Harvey Norman (ASX:HVN) shares by 3% on the ASX Wednesday morning as the consumer electronics and white goods group held its annual meeting for 2022-23. The retailer indicated that trade has picked up in recent weeks but is still heading for a weak performance in the first

Australian shares rose on Wednesday, primarily driven by gains in interest rate-sensitive stocks, responding to signs of progress in the Reserve Bank’s efforts to combat inflation. The Consumer Price Index growth in October eased to 4.9% annually, lower than analysts’ consensus of a 5.2% rise, leading to rallies in real estate, tech, and consumer discretionary

Companies discussed include: Brambles (ASX:BXB)Wesfarmers (ASX:WES)ASX (ASX:ASX) The following transcript was automatically generated: Hi. My name’s Chris Pedersen, and this is Stock Watch on Wednesday, the 29th November 2023. Any advice is general advice and may not be suitable for you. Always consult an advisor before making any investment. All questions from viewers should be

An update on consumer spending Let’s start with a quick recap of the most recent reporting season. This brought about a wave of volatility in the stock market, with one in every eight stocks experiencing movements of over 10% in response to their results, which is twice the usual average. This period was characterised by