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China reopening play: Australian resources
August 05, 2022 00:00 - 1000 KB05 Aug 2022 - Recently, China has eased some domestic and international travel rules, boosting prospects for the nation’s gradual economic reopening. With vaccination levels now rising to 89 per cent of the population, and 56 per cent for a booster dose, there is an increasing expectation that China may exit its COVID zero strategy towards the end of this year.
Global biotech turnaround looks to be underway
August 04, 2022 23:39 - 1000 KB05 Aug 2022 - Signs of life are emerging in the global biotech sector, after the longest and sharpest downturn in history that was so severe it left hundreds US companies trading below cash backing.
No stiff upper lip from Bank of England
August 04, 2022 23:30 - 1000 KB05 Aug 2022 - The worst possible time for a campaign to be Britain’s next Prime Minister as the Bank of England warned the country is facing a lengthy recession in 2023 and the nastiest fall in living standards for a generation or more.
June caps off record-setting FY for Oz Trade
August 04, 2022 21:37 - 1000 KB05 Aug 2022 - June ended what was a record year for Australia’s trade account with new highs set for monthly exports and imports, as well as the biggest ever monthly and yearly trade surpluses that stunned economists by being 40% or more than expected – especially for June.
Sanctions a double-edged Sword for Nutrien
August 04, 2022 21:35 - 1000 KB05 Aug 2022 - Another major global company in the resource sector has benefited indirectly from the Ukraine invasion – but this one will be highly qualified with both good and bad sides to the impact.
Final roll of the dice for D&D with Link
August 04, 2022 21:32 - 1000 KB05 Aug 2022 - Canadian group Dye & Durham Corporation is trying to avoid an outright rejection by competition regulator, the ACCC, of its proposed $2.47 billion acquisition of Link Administration Holdings (ASX:LNK).
ABS puts lithium under the microscope
August 04, 2022 21:27 - 1000 KB05 Aug 2022 - For the first time ever, the Australian Bureau of Statistics has broken out export data for lithium and revealed that it is really only an industry that started becoming significant in 2022.
Stocks of the Hour: Brookside Energy, Anson Resources, American Rare Earths
August 04, 2022 02:10 - 1 minute - 1000 KB04 Aug 2022 - A snapshot of the stocks on the move featuring Brookside Energy (ASX:BRK), Anson Resources (ASX:ASN) and American Rare Earths (ASX:ARR).
Retail sales strength not all that it seems
August 03, 2022 21:51 - 1000 KB04 Aug 2022 - On the face of it, the June quarter retail sales data was unquestionably very strong, showing a surprise 1.4% rise in volumes.
Orica goes all geospatial with Axis deal
August 03, 2022 21:49 - 1000 KB04 Aug 2022 - Chemicals and mining explosives company Orica will pay $A260 million in cash to buy Axis Mining Technology, a specialised geospatial tool which will help miners explore, extract and refine material from “mine to mill.”
Lynas spending big on Mt Weld upgrade
August 03, 2022 21:48 - 1000 KB04 Aug 2022 - Lynas is to spend upwards of half a billion dollars expanding the capacity of its Mt Weld mine and processing operations in WA as it ramps up to meet growing demand for its suite of rare earths products.
Nickel and dime stuff key to BHPs future
August 03, 2022 21:47 - 1000 KB04 Aug 2022 - Nickel still retains the affection of BHP which, three years after failing to sell its Nickel West business, now sees the metal as part of its future deeper involvement in renewables.
Stocks of the Hour: Lynas Rare Earths, Star Minerals, Platina Resources
August 03, 2022 02:25 - 1 minute - 1000 KB03 Aug 2022 - A snapshot of the stocks on the move featuring Lynas Rare Earths (ASX:LYC), Star Minerals Star Minerals (ASX:SMS) and Platina Resources (ASX:PGM).
Demystifying Long /Short funds
August 02, 2022 23:10 - 1000 KB03 Aug 2022 - Long/short funds are a type of fund that aims to maximize the upside of markets, while limiting the downside risks. To do this, these funds take both long and short positions in investment positions, often from a specific market segment. Here we look at long / short funds in more detail, specifically how fund managers go about shorting what they perceive to be overvalued stocks.
Trend-bucking Regional Express flying high
August 02, 2022 21:32 - 1000 KB03 Aug 2022 - Amid all the airport chaos reported in July, is the strong performance from regional airline Regional Express (ASX:REX) merely a one-month anomaly?
Credit Corp shares hit on flat outlook
August 02, 2022 21:29 - 1000 KB03 Aug 2022 - Credit Corp (ASX:CCP) is maintaining a steady final dividend of 36 cents a share after lifting earnings for the year to June 30 to $96.2 million.
Appen fulfils its own prophecy with weak update
August 02, 2022 21:28 - 1000 KB03 Aug 2022 - Appen (ASX:APX) shares slumped 30% at one stage on Tuesday after it revealed a stunningly weak trading update for its first half of 2022.
Property weakness may slow further rate rises
August 02, 2022 21:20 - 1000 KB03 Aug 2022 - As widely forecast, the Reserve Bank has lifted interest rates for a historic fourth month in a row, pushing the cash rate up by 0.50% to 1.85%, a six-year high.
Stocks of the Hour: Appen, MinRex Resources, Musgrave Minerals
August 02, 2022 01:55 - 2 minutes - 1000 KB02 Aug 2022 - A snapshot of the stocks on the move featuring Appen (ASX:APX), MinRex Resources (ASX:MRR) and Musgrave Minerals (ASX:MGV).
United Malt scotches guidance again
August 01, 2022 21:37 - 1000 KB02 Aug 2022 - For the second time this year, United Malt Group (ASX:UMG) has cut guidance, a move revealed yesterday that sent the shares down more than 17%.
Nevada project already bearing fruit for Ioneer
August 01, 2022 21:34 - 1000 KB02 Aug 2022 - Shares in Ioneer (ASX:INR) firmed a little Monday on the news that the company had struck a lithium supply deal from its Nevada project in the US with the joint battery venture of Toyota Motor Corp and Panasonic Corp.
Aussie Broadband drops out of favour
August 01, 2022 21:30 - 1000 KB02 Aug 2022 - From market darling in 2021 to market pariah so far in 2021 – a familiar experience for tech stocks these days as Aussie Broadband (ASX:ABB) grapples with the vagaries of investor appeal.
Oz property decline continues as rate rises bite
August 01, 2022 21:25 - 1000 KB02 Aug 2022 - The slide in Australia house prices accelerated last month in the wake of more bad publicity than you can poke a stick at and four rate rises in a row from the Reserve Bank.
Stocks of the Hour: Ioneer, Cobre, Plexure Group
August 01, 2022 01:50 - 1 minute - 1000 KB01 Aug 2022 - A snapshot of the stocks on the move featuring Ioneer (ASX:INR), Cobre (ASX:CBE) and Plexure Group (ASX:PX1).
Economics wrap: At a rate of knots
July 31, 2022 21:30 - 1000 KB01 Aug 2022 - Australian interest rates will rise for a fourth month in a row when the Reserve Bank again lifts the cash rate at its August meeting tomorrow.
Commodities corner: Taking ones lumps
July 31, 2022 21:27 - 1000 KB01 Aug 2022 - Unlike equities, up to last week commodities had spent much of July on the slide, replicating the June quarter.
Diary: Why the long face?
July 31, 2022 21:25 - 1000 KB01 Aug 2022 - A quieter week ahead compared after what we saw and heard last week – just a little quieter though with a rate rise in Australia, another expected in India, the US jobs data for July, start of month data in Australia, the US, Europe and China and the start of a new month for markets.
Monday market minutes: Bulls hitting back
July 31, 2022 21:20 - 1000 KB01 Aug 2022 - Global markets start a new month of trading with July’s performance the best for a month since late 2020.
Why climate leaders could offer investors lower risks
July 31, 2022 08:32 - 1000 KB31 Jul 2022 - When it comes to climate change investing, the tendency is to think of the opportunities presented by companies who are enabling the transition to a low carbon future. Such companies supply the products, services and technologies that are critical to abating future emissions.
Discretionary spending the first domino for US retail
July 31, 2022 08:26 - 1000 KB31 Jul 2022 - One small update on Wednesday from Best Buy told us a lot about the health of US retailing in the US -- it is weakening and the problems are not just confined to the giant Walmart.
Lacklustre gold market in need of a spark
July 31, 2022 08:25 - 1000 KB31 Jul 2022 - Gold prices continue to drift -- down another $US40-50 an ounce since the end of the June quarter when they dropped $US147 an ounce or more than 6%, according to Comex prices.
Fortescue's $6 billion revenue hole
July 31, 2022 08:23 - 1000 KB31 Jul 2022 - What Twiggy Forrest’s Fortescue Metals Group didn’t tell you in its June quarter and 2021-22 production report on Thursday was the $US6 billion hole in its annual revenue line.
Another busy week in the local mining space
July 31, 2022 08:20 - 1000 KB31 Jul 2022 - Even for the ever-dynamic local mining sector, the week just ended was a particularly busy one. Here’s the latest from Sandfire, St Barbara, Regis, Perseus, Galena and Aeris.
Stocks of the Hour: Careteq, Sezzle, BlueBet
July 29, 2022 01:50 - 2 minutes - 1000 KB29 Jul 2022 - A snapshot of the stocks on the move featuring Careteq (ASX:CTQ), Sezzle (ASX:SZL) and BlueBet (ASX:BBT).
Iron ore, LNG put on their rally caps
July 28, 2022 23:40 - 1000 KB29 Jul 2022 - Heading into the end of July, the prices of two major Australian exports – LNG and iron ore have seen a very sharp recovery this week.
Running down a coal mine could beat selling it
July 28, 2022 23:35 - 1000 KB29 Jul 2022 - BHP Group’s decision to wind down its Mount Arthur coal mine rather than sell to a private buyer will shorten the mine’s operating lifespan and reduce overall expected carbon emissions. It underlines how a strategy of running down a coal mine may beat divestment for real world carbon impact.
Economic headwinds proving stronger than expected
July 28, 2022 23:29 - 1000 KB29 Jul 2022 - This year was always going to be difficult, but it has already proved to be tougher than I anticipated. The headwinds facing the global economy at the beginning of the year have not faded but, rather, picked up pace and reached gale-force speeds. Investors are looking for places to shelter - as well as any signs of when the storm will be over.
Banks may be weighing on your portfolio
July 28, 2022 23:18 - 1000 KB29 Jul 2022 - The Australian equities market is one of the most concentrated by stock and sector. The universe is also small relative to global markets. New research, The Australian Concentration Conundrum: Why factors are not pronounced in Australian Equities, released last week, shows that these nuances present challenges when investing in Australia. Despite these challenges, the papershows that there is an alternative way to invest in a diversified portfolio of Australian equities that has...
Chinese Government blinks, eyes property bailout
July 28, 2022 21:35 - 1000 KB29 Jul 2022 - A flurry of excitement Thursday afternoon as the government of President Xi Jinping finally broke and let slip plans for a $US144 billion bailout (yuan 1 trillion) of the country’s debt ridden, stricken property sector.
Amazon, Apple jump in late trade
July 28, 2022 21:30 - 1000 KB29 Jul 2022 - Shares in Amazon and Apple jumped in afterhours trading after investors concluded that, unlike Meta and Alphabet, both tech giants had done as well as could be expected in the volatile June quarter.
Glencore finally tips out Yancoal (ASX:YAL) stake
July 28, 2022 21:29 - 1000 KB29 Jul 2022 - Global commodities giant and Australia’s biggest thermal coal miner Glencore has finally managed to exit its small stake in the Chinese-controlled Yancoal Australia (ASX:YAL).
Macquarie (ASX:MQG) Turns Volatility into Profitability
July 28, 2022 21:24 - 1000 KB29 Jul 2022 - Macquarie Group (ASX:MQG) CEO Shemara Wikramanayake has revealed a rise in first quarter profits for the investment bank, buoyed by the global volatility in commodities markets and rising interest rates.
Fortescue (ASX:FMG) pinning its hopes on ore turnaround
July 28, 2022 21:20 - 1000 KB29 Jul 2022 - Fortescue Metals Group (ASX:FMG) wants to ship 3 million more tonnes of iron ore in 2022-23 into a market that most analysts reckon will be oversupplied.
Reality biting at last for local retail sector
July 28, 2022 14:00 - 1000 KB29 Jul 2022 - Clear signs of a slowdown in growth appeared in retail sales for the month of June data from the Australian Bureau of Statistics yesterday.
Stocks of the Hour: Laybuy Holdings, Euro Manganese, ELMO Software
July 28, 2022 01:30 - 2 minutes - 1000 KB28 Jul 2022 - A snapshot of the stocks on the move featuring Laybuy Holdings (ASX:LBY), Euro Manganese (ASX:EMN) and ELMO Software (ASX:ELO).
Wall Street approves of Fed aggression
July 27, 2022 23:36 - 1000 KB28 Jul 2022 - Wall Street share prices took off after the US Federal Reserve raised its key interest rate by 0.75% for the second meeting in a row.
Demystifying Bitcoin, Blockchain and digital assets
July 27, 2022 23:30 - 1000 KB28 Jul 2022 - Investors know that cryptocurrencies have been falling heavily. Bitcoin alone is down almost 70% from its peak, and this crypto correction has triggered all sorts of misinformation.
IGOing (ASX:IGO) along very nicely
July 27, 2022 21:25 - 1000 KB28 Jul 2022 - Miner and resource investor IGO (ASX:IGO) finished the year to June with a wet sail, with good news all round – higher revenue, higher underlying earnings, the Western Areas takeover completed and the first battery grade lithium hydroxide from its new refinery south of Perth.
Record CPI figure comes almost as a relief
July 27, 2022 21:22 - 1000 KB28 Jul 2022 - Annual CPI inflation hit its highest ever annual rate of 6.1% in the June quarter and while a record, it was less than many in the markets had forecast.
Rio (ASX:RIO) sets poor tone for resource major earnings
July 27, 2022 21:20 - 1000 KB28 Jul 2022 - Rio Tinto (ASX:RIO) has kicked off June 30 reporting for the world’s resource majors that will probably mark the peak period for the sector as prices ease, demand weakens and Covid and cost increases eat into margins.