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ANZ keen to mind other people's business now
July 18, 2022 00:13 - 1000 KB18 Jul 2022 - Does the ANZ Bank really know what its future is after last week’s mad switcheroos?
Commodities Corner: Oil by itself
July 18, 2022 00:11 - 1000 KB18 Jul 2022 - The rout across most commodity markets continues -- only oil has proven to be resistant to the growing belief that recessions stalk the global and major economies, especially China and America.
Diary: You have to crawl before you can walk
July 18, 2022 00:10 - 1000 KB18 Jul 2022 - The coming week will be another five days packed full with a long list of issues for investors to gnaw – US earnings, global inflation, jobs, economic growth and more central bank decisions.
Monday Market Minutes: Tech it to the limit
July 18, 2022 00:08 - 1000 KB18 Jul 2022 - US June quarter reporting accelerates this week with earnings from four major tech stocks to drive sentiment on Wall Street and possibly set the tone for the rest of the season.
In for the Killi: ASX junior eyes West Tanami's untapped riches
July 18, 2022 00:03 - 1000 KB18 Jul 2022 - When you're a small cap resources explorer on a tight budget, drawing on the previous work of deep-pocketed companies on the same ground helps to shorten the odds of success -- especially when they leave the riches behind.
Covid reapplies the brakes to Chinese growth
July 18, 2022 00:02 - 1000 KB18 Jul 2022 - Chinese economic growth slowed sharply in the three months to June, weighed down by the government’s harsh Covid control measures, especially in Shanghai.
Putting the "cry" into cryptocurrency
July 18, 2022 00:01 - 1000 KB18 Jul 2022 - The red ink and pain for hundreds of thousands of crypto investors continues with potential losses now looking like they could top $US30 billion.
Gonneville proving to be one almighty find for Chalice
July 17, 2022 23:59 - 1000 KB18 Jul 2022 - Thanks to more drilling in the past seven months, Gonneville – the world’s biggest nickel sulphide discovery this century – has grown in size, along with the amount of palladium, platinum, gold, nickel and cobalt Chalice Mining’s prospect contains.
Full electric press continues for Volkswagen
July 17, 2022 23:57 - 1000 KB18 Jul 2022 - More details of VW’s EV-battery ambitions emerged this week with the company starting work on its own gigafactory in Germany – the first of up to half a dozen similar plants across the globe.
Ore numbers hold for now but cliff beckons for Rio
July 17, 2022 23:56 - 1000 KB18 Jul 2022 - Rio Tinto is maintaining full year guidance for its iron ore production and exports after a solid June quarter performance but it is facing a sharp fall in earnings for the six months as iron ore prices trade more than 30% lower than the record corresponding period in 2021.
Stocks of the Hour: Rio Tinto, Michael Hill, WiseTech
July 15, 2022 01:49 - 1 minute - 1000 KB15 Jul 2022 - A snapshot of the stocks on the move featuring, Rio Tinto (ASX:RIO), Michael Hill (ASX:MHJ), and WiseTech (ASX:WTC).
Will weak commodity prices cool hot producer prices?
July 15, 2022 00:39 - 1000 KB15 Jul 2022 - The US dollar jumped to a fresh 20-year high as investors bought into the greenback in a flight to safety. Consumer inflation is accelerating faster than producer inflation, as households take the brunt of these pricing pressures.
Tough June quarter for the Morgans
July 14, 2022 23:46 - 1000 KB15 Jul 2022 - As expected, big US banks JPMorgan Chase and Morgan Stanley delivered on weaker second quarter earnings on weak dealmaking revenues, higher loan loss reserves and other one-off costs.
Aurizon Rail One deal still on track after ACCC tick
July 14, 2022 23:45 - 1000 KB15 Jul 2022 - The ACCC says it will not oppose the proposed $2.35 billion purchase of One Rail by ASX-listed rail giant Aurizon after accepting a court-enforceable undertaking from Aurizon to sell One Rail’s east coast business.
Jobs data seals the deal for more rate hikes
July 14, 2022 23:43 - 1000 KB15 Jul 2022 - Yesterday’s very strong June labour force data has made a rate increase certain when the Reserve Bank meets on August 2. It is now just a debate about the size – half a per cent like in June and the RBNZ on Wednesday, or 0.75% like the US Fed last month.
Triple treat Thursday for Telstra
July 14, 2022 23:42 - 1000 KB15 Jul 2022 - Thursday turned out to be a bit of a winning day for Telstra – in fact it got a three from three result.
Stocks of the Hour: Galan Lithium, Pilbara Minerals, Select Harvests, Data#3
July 14, 2022 02:04 - 1 minute - 1000 KB14 Jul 2022 - A snapshot of the stocks on the move featuring, Galan Lithium (ASX:GAL), Pilbara Minerals (ASX:PLS), Select Harvests (ASX:SHV), and Data#3 (ASX:DTL).
Major crypto collapse sees app usage down 80%
July 13, 2022 23:53 - 1000 KB14 Jul 2022 - Amid the current hostile market, resulting in a significant crypto bear run, the number of crypto smartphone application downloads within Australia has fallen up to 80% over the past year.
Concerns mount as Bega blues continue
July 13, 2022 23:52 - 1000 KB14 Jul 2022 - Since it provided a surprisingly weak trading update on April 20, shares in Bega Cheese have fallen 30% to Wednesday’s close of $3.55 because of fears it can’t recover cost rises fast enough in higher selling prices, that demand will weaken and that other negatives are proving to be hard to reverse.
Dearth of imports leads to record Chinese surplus
July 13, 2022 23:50 - 1000 KB14 Jul 2022 - The continuing impact of Covid infections and lockdowns helped China report a record trade surplus of close to $US100 billion in June as exports did better but imports barely moved.
US banks the canaries in the earnings coal mine
July 13, 2022 23:50 - 1000 KB14 Jul 2022 - Second quarter profits at America's biggest banks are expected to fall sharply from a year earlier when they start reporting over the next few days.
Rolling rate rises continue for NZ, South Korea
July 13, 2022 23:49 - 1000 KB14 Jul 2022 - Big rate rises Wednesday from two leading Asian central banks in South Korea and New Zealand.
Construction activity falls for 3rd quarter, June labour force figures ahead
July 13, 2022 06:08 - 1000 KB13 Jul 2022 - Construction activity in Australia has tumbled for a 3rd straight quarter, according to the ABS. According to the HIA, the boom in building activity was linked to the fall in interest rates. Conversely, the current slowdown is linked to interest rate rises.
Stocks of the Hour: KMD Brands, BNK Banking, Qantas, Regional Express
July 13, 2022 02:01 - 1 minute - 1000 KB13 Jul 2022 - A snapshot of the stocks on the move featuring, KMD Brands (ASX:KMD), BNK Banking (ASX:BBC), Qantas Airways (ASX:QAN), and Regional Express (ASX:REX).
ANZ Bank (ASX:ANZ) confirms MYOB talks with KKR
July 13, 2022 00:30 - 1000 KB13 Jul 2022 - Rumours around ANZ Bank (ASX:ANZ) being in talks with Kohlberg Kravis Roberts & Co (KKR) about a potential acquisition of MYOB were confirmed today.
Buy the rumour, sell the news, Gold hangs on, USD climbs, Bear market deepens, US CPI print looms
July 13, 2022 00:05 - 1000 KB13 Jul 2022 - The size and scope of the message coming from the treasuries market keeps getting stronger. Overnight, the US 2-year and 10-year yield inverted for a 5th straight day, posting the largest inversion since 2010.
Bump in earnings for Viva despite bowser wowser
July 12, 2022 23:04 - 1000 KB13 Jul 2022 - The high petrol and diesel prices seem to be having a mixed impact on Viva Energy, the refiner and Shell brand retailer in Australia.
Turnaround continues as Eagers beavers away
July 12, 2022 23:03 - 1000 KB13 Jul 2022 - Sometimes it’s hard to work out the thinking of Australian investors. Yesterday the country’s biggest car dealer Eagers Automotive revealed a further upgrade for its June 30 interim results from the upgrade issued on May 18.
Three Arrows founders shoot through
July 12, 2022 23:02 - 1000 KB13 Jul 2022 - The co-founders of failed crypto hedge fund Three Arrows Capital (3AC) appear to be on the run from creditors, according to court documents filed in New York late last week.
BNPL: From hip and sizzle to Zip and Sezzle
July 12, 2022 23:01 - 1000 KB13 Jul 2022 - The Buy Now Pay later mess got messier Tuesday when the ZIP – Sezzle merger fell apart and the market realised the Commonwealth Bank’s stake in European giant Klarna, had collapsed.
Stocks of the Hour: Envirosuite, Stealth Global, Firefinch
July 12, 2022 03:07 - 1 minute - 1000 KB12 Jul 2022 - A snapshot of the stocks on the move featuring, Envirosuite (ASX:EVS), Stealth Global (ASX:SGI), Firefinch (ASX:FFX)
Sezzle (ASX:SZL) and Zip Co (ASX:ZIP) abandon merger deal
July 11, 2022 23:55 - 1000 KB12 Jul 2022 - Sezzle (ASX:SZL) and Zip Co (ASX:ZIP) have mutually agreed to abandon the deal to merge, effective immediately after signing it in February this year.
RAS Technology (ASX:RTH) signs 5-year deal with Entain for $5m
July 11, 2022 23:53 - 1000 KB12 Jul 2022 - Sports betting company Entain Group has awarded Racing and Sports Technology Holdings (ASX:RTH) a 5-year extension on their deal to provide racing content valued at $5m in Australia.
M&A deal volume opposed across US and Australian landscape
July 11, 2022 23:05 - 1000 KB12 Jul 2022 - In the U.S., high inflationary pressures, coupled with rising interest rates resulting in plunging markets, has caused M&A transactions to fall drastically. However, the M&A story is vastly different within Australia, as private equity and sovereign wealth funds have boosted deals to 15-year highs.
Covid spectre back haunting China
July 11, 2022 23:02 - 1000 KB12 Jul 2022 - Don’t let anyone tell you that Covid is not a major influence on investor confidence and sharemarket activity – it is and right now it’s returning to once again worry investors across the globe.
Lawyers at thirty paces for Tesla, Twitter
July 11, 2022 23:01 - 1000 KB12 Jul 2022 - The legal battle lines between Twitter and Elon Musk are being drawn up and an initial engagement could take place as soon as this week.
Covid cluster closes Macau casinos
July 11, 2022 23:00 - 1000 KB12 Jul 2022 - Just when it looked like China was getting on top of Covid, an eruption in infection numbers in Macau has seen authorities order all the city’s casinos to close from Monday in an effort to stop the spread of the latest Omicron variant.
US inflation, China's fresh curbs, Biden's Middle East trip - What are Treasuries telling us?
July 11, 2022 06:00 - 1000 KB11 Jul 2022 - Investor sentiment continues to be weak as Covid-19 infections emerge in China while fresh Europe-Russia gas angst is mounting up.
Stocks of the Hour: Anson Resources, RPM Automotive, ImpediMed, Galileo Mining
July 11, 2022 01:11 - 1 minute - 1000 KB11 Jul 2022 - A snapshot of the stocks on the move featuring, Anson Resources (ASX:ASN), RPM Automotive Group (ASX:RPM), ImpediMed (ASX:IPD), and Galileo Mining (ASX:GAL).
Twitter bluebird the lawyers' golden goose
July 10, 2022 23:43 - 1000 KB11 Jul 2022 - The Twitter takeover imbroglio is going to be a lawyers benefit unless Elon Musk and the company strike some sort of quick settlement.
BHP considering its options after Samarco ruling
July 10, 2022 23:41 - 1000 KB11 Jul 2022 - BHP is thinking of appealing its loss in a British court on Friday in a £5 billion ($US8.7 billion) lawsuit brought against it by 202,600 Brazilian claimants who are suing Samarco over the tailings dams disaster in 2015.
Commodities Corner: Key week for the yellow metal
July 10, 2022 23:39 - 1000 KB11 Jul 2022 - Even though the latest Australian government Resource and Energy Quarterly is bullish about the outlook for gold, especially from next year onwards, the short-term situation soured somewhat last week as the metal dipped under the important $US1,800 an ounce level and kept falling.
Diary: Like tears in the rain
July 10, 2022 23:37 - 1000 KB11 Jul 2022 - US inflation ideas will be tested this week with the consumer price index for June the major focus for investors on Wednesday and then the Producer Price Index the day after. There’s also Chinese economic data for last month, further interest rate rises in New Zealand and South Korea, as we see small improvements in the strength of the markets and commodities.
Monday Market Minutes: Consolidation time
July 10, 2022 23:36 - 1000 KB11 Jul 2022 - Investors won’t know what to focus on this week – the US second-quarter earnings season begins Thursday-Friday, with reports due out from six major banks, the June consumer price index due for release, US inflation, central bank rate rises and perhaps better commodity prices.
Three weeks after funds freeze, Celsius nears its melting point
July 10, 2022 21:33 - 1000 KB11 Jul 2022 - "Banks are not your friends" was the slogan printed on Alex Mashinsky’s t-shirt at last year's Web Summit in November, when his company was one of the biggest cryptocurrency banks in the market, reaching a peak of US$12bn in deposits and a valuation of more than US$3bn.
Storm front on the horizon for US earnings season
July 10, 2022 21:31 - 1000 KB11 Jul 2022 - There’s a week until the US second quarter earnings season starts with reporting from the usual suspects in the shape of the big six banks, an airline and a couple of other majors, but already there is considerable doubt about the size of any gain and the quality of the figures.
Production vs price: The battle for gold's glitter
July 10, 2022 21:30 - 1000 KB11 Jul 2022 - Australian gold production is expected to rise faster than prices weaken over the next couple of years, according to the latest Resource and Energy Quarterly from the Australian government.
Local lithium space looking lively
July 10, 2022 21:28 - 1000 KB11 Jul 2022 - The outlook for the Australian lithium industry is brighter after digging deeper into the June Resources Quarterly from the Federal Government.
Reprieve for ASX-copper stocks on growth hopes
July 08, 2022 06:15 - 1000 KB08 Jul 2022 - Bearish-copper investors were given a scare today after learning that Beijing is weighing up a US$220b stimulus package to speed up infrastructure spending. The news sent the price of copper soaring after plunging to a 20-month low this week on recession fears.
Stocks of the Hour: TNG, Eastern Resources & Neometals
July 08, 2022 01:47 - 1 minute - 1000 KB08 Jul 2022 - A snapshot of the stocks on the move featuring TNG Limited (ASX:TNG), Eastern Resources (ASX:EFE) & Neometals (ASX:NMT).