March 2024

Australian markets rallied into the close, shrugging off the bigger-than-expected jobs data. Australian employment rose by 116,500 in February versus a consensus expectation of 40,000. The unemployment rate fell to 3.7 per cent. The February employment number and falling jobless rate raised concerns that the RBA is not in a position to cut rates any […]

The usual one cent a share lift in Brickworks’ (ASX:BKW) interim dividend tells us the statutory and underlying losses for the six months to January 31 were just all numbers and accounting moves. Brickworks’ real business of building materials production and sales in Australia (mostly in NSW and WA) and in parts of the US,

To register for Friday’s webinar click here. APM Human Services International Limited (ASX:APM) announced it has secured the Toronto Catchment in Phase 3 of the Ontario Employment Services Transformation in Canada. This follows additional Job Corps and Workforce contract wins in the US. Shares are trading 2.77 per cent higher at $1.67. Altech Batteries Limited

Australian markets followed the US lead overnight and opened stronger with the S&P/ASX 200 up 0.37 per cent as we approach midday. Australian shares were buoyed by the US Fed guidance for three rate cuts this year, signalling the end of the tightening bias. The SPI futures are pointing to a rise of 50 points.

Exxon Mobil says it has made a new oil and gas discovery in the prolific Stabroek block offshore Guyana which is the hottest prospect globally for the oil and gas industry. The Bluefin well is the company’s first announced discovery in the South American country this year and takes the number of discoveries in the

The US Federal Reserve continues to maintain that it will cut rates three time by the end of the year after leaving the Rederal Funds rate unchanged at its 23 year high at its March meeting. That’s despite a rise in its GDP growth forecast for the year, signalling to the markets that it is

US markets continued to rally with the S&P 500, Nasdaq and Dow Jones index all closing at new highs after the Fed reaffirmed its intention to cut rates at least 3 times this year. The S&P 500 closed up 0.9 per cent to finish above the 5,200 level for the first time. The Nasdaq Composite

New Zealand’s Fonterra Co-operative Group and its farmers and cows have had a great six months to the end of last December with a 23% lift in earnings.. The group said the reported profit after tax rose strongly to $NZ674 million, compared with $NZ546 million in the December, 2022 half year. Fonterra said it was

Companies discussed include: Corporate Travel Management Limited (ASX:CTD)Kogan.com (ASX:KGN)

At the closing bell, the S&P/ASX 200 was 0.1 per cent lower at 7,695.80. Futures The Dow Jones futures are pointing to a fall of 17 points.The S&P 500 futures are pointing to a fall of 6.25 points.The Nasdaq futures are pointing to a fall of 31.25 points.The SPI futures are down 10 points. Best