July 2024

Australian shares fell 0.8% at the open, influenced by upcoming US tech earnings and President Joe Biden’s decision to end his re-election campaign. The S&P/ASX 200 Index dropped by 62.5 points to 7909.1, with significant losses in materials and energy sectors. Alphabet and Tesla are expected to report their quarterly earnings later today, while US […]

Woodside (ASX:WDS) has announced its acquisition of the small U.S. LNG company Tellurian for what appears to be a very costly $1.2 billion. This price is considered high because Woodside states that the implied value is $1.2 billion, translating to a per-share price of $1.00. In contrast, Tellurian’s closing price on Friday was $0.57, with

Another losing week for oil, despite growing optimism about a possible rate cut or cuts in the US. With Chinese demand weaker than expected and the US rate cut story about to undergo another test this week with the Fed’s preferred inflation measures to be released, the oil market was left betwixt and between on

All three major US indices finished in the red on Friday as the rotation into names that will be the key beneficiaries from easing interest rate policy continued. The S&P 500 closed down 0.71 per cent. The Nasdaq gave up 0.81 per cent, and the Dow Jones slipped 0.93 per cent. On a weekly basis

A significant 60-plus point decline is expected for today’s reopening of trading on the ASX, following Wall Street’s sell-off and the local market’s 64-point slide the same day. Friday’s sell-off deepened after Wall Street’s decline on Thursday, as the global CrowdStrike/Microsoft computer outage erupted around 3 p.m. Sydney time on Friday. The ASX’s markets and

A big week lies ahead for the markets, with US inflation, the global fallout from Friday’s major computer outage, the Trump comeback, Biden’s fade-out, investor nervousness about big techs (with the start of some significant earnings reports), and the endless speculation about a looming rate cut, which seems to be firming up at long last.

American analysts won’t say so, but some outside the US are—this week saw the start of what could end up being called the Great Trump Rotation as investors abandon stocks perceived to be in the way of the former President’s presidential ambitions, such as companies using products, importing them, or working with companies from Taiwan,

America’s June 30 quarterly reporting season accelerates this week with 138 S&P 500 companies (including seven Dow 30 components) scheduled to release results. Away from the business and political factors, it’s time for the bread and circuses this week with the start of the Paris Olympics midweek and then the opening ceremony on Friday night

There was no hiding place in gold as the global CrowdStrike/Microsoft outage plunged markets and businesses into chaos and confusion on Friday. Gold fell sharply, confounding bulls who expected it to firm as a ‘safe haven’ in volatile times like those seen in Friday’s trading. Some commentators said it was probably hard for many traders

Nicholas Smedley – Chairman – Findi Limited (ASX:FND) is a fintech company with operations principally located in New Dehli, India. The company’s payments services are a dynamic offering tailored to one of the world’s largest and fasted-growing addressable markets.