The headlines from American retailing for the first quarter of 2024 told a very mixed picture – lots of cold, some hot, and little in between for many chains. Walmart strong; Target weak, do-it-yourself and builders’ supplies giants like Home Depot and Lowe’s Cos, weak, Ace Hardware – strong with its target being small towns […]
Mixed signals in American retail Read More »
The Dow Jones jumped as investors breathed a sigh of relief as key inflation readings released on Friday came in mostly as expected with no negative surprises. The Dow closed 1.51 per cent higher posting its best day in 2024 with strong performances from constituents Salesforce and UnitedHealth rallying 7.5 per cent and 2.8 per
US markets jump higher as inflation fears ease Read More »
OPEC+ may have agreed on Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day deep into next year, but that is an acknowledgment that the output restrictions have failed to support prices at a level its members want. No matter how the group pitches the decision, it is
OPEC+ struggles to maintain market power Read More »
Investors would do well to take advantage of annual market volatility in June and buy on the dip, according to Emanuel Datt, chief investment officer of Datt Capital. “Australian markets typically dip in June as investor rationalise their portfolios by selling stocks in a capital loss position, to harvest tax losses to offset against other
Stay active and buy the dip in June Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key points:CoreLogic data showed national average home prices rose 0.8% in May, their strongest rise since last October.The housing market remains remarkably resilient with the housing shortage and still solid jobs market providing support, offsetting the downwards pressure on prices
Two interest rate moves are up for decision this week: US jobs data for May, Chinese trade data (also for May), and Australian economic growth for the first quarter. Additionally, the start-of-the-month surveys of global manufacturing are underway. China’s official survey showed a surprise dip in manufacturing and service sector activity on Friday. The Bank
Interest rate decisions, economic data, and election results dominate global news Read More »
Big week ahead for the Australian economy and markets. The first-quarter economic growth will be out midweek, but before then, the 2024 National Wage rise will be revealed later today (Monday). That will likely see a smaller rise than the 8.65% increase last year and a 5.7% rise in minimum wages. The National Wage decision
A pivotal week awaits Australia’s economy and markets Read More »
So where do markets go on the first day of the new month (and for many companies, the final month of the second quarter and the 2023-24 financial year)? Those investors who followed the old market adage of selling in ‘May and going away’ (for the northern summer until early September) missed a month of
May ends with mixed results amidst inflation uncertainty Read More »
Gold had a fourth straight monthly gain in May, and its supporters think it will gain again in the coming days, particularly during the first trading week of June. This is trading off the back of the final inflation report for May, which was released on Friday and left us none the wiser about the
Gold sees fourth consecutive monthly gain Read More »
