US markets pushed higher led by the big tech names as earnings numbers continued to surprise on the upside. The S&P500 closed up 1.02 per cent and the tech heavy Nasdaq led the charge finishing 2.03 per cent higher at the close. The Dow Jones closed 0.4 per cent higher. The S&P and Nasdaq delivered […]
Strong earnings numbers drive US markets higher Read More »
A Fed meeting, the April jobs data for the US, some more major profits led by Amazon and Apple, two major bank results in Australia, worldwide surveys of economic activity for last month — especially for China — and the continuing tensions in the Middle East and Ukraine. The Fed’s two day meeting and media
Another big week ahead of us for US earnings (and for Australia, with two big banks on the list to reveal their profits and dividends). In the US, 170 S&P 500 companies (including six of the 30 stocks in the Dow) are due to report this week. Amazon, Apple and Berkshire Hathaway lead the US
Another big week for earnings Read More »
Another week of solid gains for copper, with prices rising to two-year highs on Friday. The BHP approach to buy Anglo American is a new positive for the metal. Prices reached $US10,000 a tonne on the London Metal Exchange. Ii New York, the Comex price touched $US4.61 a pound — the best in more than
Another solid week for copper Read More »
Major legal action involving two of the country’s biggest retailers on Friday in separate stories — Woolworths (ASX:WOW) and Super Retail Group (ASX:SUL). In Melbourne, Woolworths has been fined $1.2 million after admitting it failed to pay out more than $1 million in leave entitlements to about 1,200 Victorian workers. The retailer was facing a
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All those enthusiasts who believe Elon Musk and his ‘”affordable” car story for Tesla, sorry but the Chinese car companies are already there and eating your lunch — not in the US, but in every market where Tesla could hope to improve sales. Musk’s rediscovery of the idea of a cheap and “affordable” small Tesla
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All over red rover for BHP’s (ASX:BHP) A60 billion all-paper indicated offer for Anglo American? Just over a day after the BHP approach was revealed, the directors of Anglo American have rejected BHP’s approach, saying the proposal “significantly undervalues” the company and its future prospects and that the deal’s complexity would be “highly unattractive” to
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It never ends. For all the volatility, angst about inflation, growth, geopolitical tensions and earnings, Wall Street ended very much on an up note on Friday, but will have to run the gauntlet once again this week. The ASX 200 is heading for a small rise today after Friday’s nervy slide. The 24 point gain
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A mixed day for oil and oil stocks on Friday. While prices bounced a little on the day, they still lost ground for the week, three big US and European oil companies reported weaker first quarter results thanks to the sharp drop in natural gas prices in the three months to March, and American oil
Meetings this week of shareholders in Anglo American in London and Rio Tinto (ASX:RIO) (in Australia) will continue to focus on the fate of BHP’s (ASX:BHP) $A60 billion all-share offer for the London-based miner. BHP shares fell a modest 3.7% last week thanks to the offer news — but Anglo shares jumped 24% in the
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