Equity analysts Stella McMullen and Katerina Diamant from Ausbil Investment Management discuss the best and worst sectors from last reporting season. Paul Sanger: Hello. I’m Paul Sanger from the Finance News Network, and today we’re joined by Ausbil equity analysts Stella McMullen and Katerina Diamant. Stella specialises in covering the consumer staples, retailing, gaming, commercial […]
Ausbil: Reporting season wrap-up Read More »
Lendlease (ASX:LLC) is taking a financial hit to extricate itself from low yields and loss-making overseas investments in construction, building, and other developments. The company will make impairments of up to $1.48 billion, writing down these offshore investments, signaling an end to its global ambitions. To allay concerns among investors, it plans to prioritize an
Lendlease’s strategic shift amidst financial challenges Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Major share markets were flat to down over the last week as uncertainty returned
Insights from Ausbil’s Paul Xiradis on market performance, sector strategies and the outlook for earnings. Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and joining us this day is Ausbil’s Executive Chairman, Chief Investment Officer and Head of Equities, Paul Xiradis. Paul, welcome. Paul Xiradis: Thank you. Paul Sanger: Now, Paul, can
Ausbil’s Paul Xiradis on market performance, sector strategies and earnings outlook Read More »
The big deal this week might be US inflation data and economic growth at the end of the week. Before then, though, there’s the Wednesday evening deadline in London for BHP and Anglo America to do a deal. Anglo gave BHP a week’s extension to try and produce a convincing offer (it would be the
Key events and indicators driving economic sentiment this week Read More »
How quickly that “property rescue” move from the Chinese government was forgotten—announced Friday, May 17, dead by Friday, May 24, if last week’s falls on Chinese and Hong Kong stock markets are any guide. The Hang Seng Index in Hong Kong fell nearly 5.2% over the week, and the property sub-index lost a larger 6.5%.
China’s property market: Rescue plans & debt dilemmas Read More »
Now for the Pilbara battle of the trucks: BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are commencing joint trials on battery-electric trucks, while smaller rival Fortescue has already initiated trials with a green hydrogen-powered vehicle. BHP will trial trucks from Caterpillar of the US and Komatsu of Japan, while Fortescue’s truck is from Liebherr Mining, the
The race for renewable fleet dominance in the Pilbara Read More »
The Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally. The S&P 500 closed 0.7 per cent higher while the Nasdaq set a new high finishing up 1.1 per cent on the day. The
Nvidia driven rally continues to push US markets higher Read More »
Iron ore prices ended back over $US120 a tonne in Asian dealings on Friday as the market ignored another rise in portside stocks in the week to Thursday. That was a gain of around $US3 a tonne at the close, reaching $120.60 – the third time the price has been over $US120 a tonne in
Iron ore prices rise amidst increased portside stocks and growing steel production Read More »
A week for going nowhere—that was last week. This week, however, it’s a week for being on tenterhooks until 8:30 a.m. Washington time, when the last inflation data release of the month is due. All that suspense will make for a confusing week where it will pay to do nothing until the data sings on
A week of suspense in the US markets Read More »
