November 2023

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

Online homewares retailer Temple and Webster (ASX:TPW) has announced a robust beginning to the new financial year, with sales surging, especially during the four-day Black Friday-Cyber Monday period over the weekend. CEO Mark Coulter stated during TPW’s annual meeting on Wednesday that from July 1st to November 27th, 2023, sales were up by 23% year-on-year.

Australia’s Consumer Price Index (CPI) grew by 4.9 percent in annual terms in October, falling short of analysts’ consensus of 5.2 percent. This development is significant as it reflects ongoing inflation challenges in Australia, prompting the Reserve Bank of Australia to raise the cash rate to 4.35 percent in the previous month, with the next

To register for Friday’s webinar click here. Euro Manganese (ASX:EMN) announces US$100m funding package with Orion Euro Manganese (TSX-V and ASX:EMN; OTCQX:EUMNF; Frankfurt:E06) has signed definitive agreements with Orion Resources Partners for US$100m in non-dilutive financing to advance the development of the Chvaletice Manganese Project in the Czech Republic. Dr Matthew James, President & CEO