Now, American investors have hopped back on the rate-loom bandwagon, but they could be on it for the wrong reasons after the April jobs data on Friday and a couple of other data releases during the week that suggest the economy might be in the process of cooling a bit more quickly than understood. The […]
American investors cautious amid slowing economy Read More »
US copper futures shook off a couple of weak days on Friday to climb nearly 2%, settling at $US4.5680 a pound ahead of the important elections in Panama on Sunday (yesterday). But before even the first vote was cast, Reuters revealed a major negative in the story for the Canadian mining giant, First Quantum, and
US copper futures climb nearly 2% Read More »
Westpac (ASX:WBC) has joined the National Australia Bank in reporting a double-digit dip in earnings for the half-year to March but will reward shareholders with higher dividends and a higher buyback. The NAB said its cash earnings fell nearly 13% to $3.5 billion, and on Monday, Westpac said its net profit (it has abandoned the
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Berkshire Hathaway’s March quarter earnings were overshadowed at the weekend by news of a big sale of Apple shares and a possible significant investment in Canada. Also notable was the absence at the annual meeting of former chair Charlie Munger, who died late last year. If it had been another quarter, the story would have
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A quiet-ish week lies ahead for some markets, with a couple of central banks meeting: the Bank of England, which meets later in the week, and the Reserve Bank here today and tomorrow. No rate change is forecast from the RBA, but some stern threats on possible rate rises are likely in the post-meeting statement
Another negative week for the US oil and gas industry, with oil rig numbers now tumbling below their level at the close of 2023. At the same time, US and global prices fell by between 4% to more than 5%, even though the Gaza situation remains volatile as Israel and Hamas dance around the idea
Another negative week for the US oil industry Read More »
Just as Apple’s first-quarter performance had won back skeptical investors, Warren Buffett’s surprise $US 20 billion sale of Apple shares will send shockwaves through share markets starting today. The news, delivered in Berkshire’s March quarter report and then discussed at the company’s annual meeting in Omaha, marks a major departure from his previous stance with
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US equity markets rallied strongly on Friday following softer-than-expected April jobs numbers. The report took some pressure off the Fed after recent hotter than expected economic data. The Dow Jones lifted 450.02 points, or 1.18 per cent. The S&P 500 surged 1.26 per cent and notch its best day since February, while the Nasdaq Composite
Softer jobs data boosts US markets Read More »
