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iamiam

Willing to share trading experience

wrote a post·Apr 25 13:08

I think any hopes of a rate cut in the immediate future should be put to rest.
S3 cuts will add further fuel to the fire and we may come to realise that the current economy’s status quo is inflation in the 3-4% band (which is ironic given pre Covid economists were suggesting we needed to lower the target band)

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Philip_AU

wrote a post·Apr 24 01:40

Inflation Soars in Australia: Both Core and Domestic Rates Spike - Will the RBA Take Action?

📈Today's CPI data has thrown a spotlight on Australia's stubbornly high inflation rates!
💸 It's not just any inflation, it's the kind that's deeply rooted in our own backyard.
🏠 Core inflation, which is the Reserve Bank of Australia's (RBA) favorite yardstick, is still hovering at a whopping 4%. And domestic inflation? A staggering 5%! 😮
This is not good news for Australia's economy.
$Westpac Banking Corp(WBC.AU)$ $CommBank(CBA.AU)$ $Rio Tinto Ltd(RIO.AU)$ $BHP Group Ltd(BHP.AU)$ $CSL Ltd(CSL.AU)$

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Moomoo AU

wrote a column·Apr 22 02:08

ColumnsRIO, BHP and WDS Quarterly Update: Bearish? or Bullish?

Peterson111

wrote a post·Apr 19 02:51

1% shy of $4.50 copper
Forecasts now range between $5 and $7 for 2025 onwards……
$BHP Group Ltd(BHP.AU)$ $Rio Tinto Ltd(RIO.AU)$

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Peterson111

wrote a post·Mar 29 04:07

Shares of RIO have surged 1.8% over the past six months to close the last trading session at $63.46.

RIO’s solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
RIO has a B grade for Value, Quality, and Stability. It is ranked #2 out of 33 stocks in the Industrial – Metals industry.
In a...

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Peterson111

wrote a post·Mar 29 04:04

Rio Tinto rises Thursday, outperforms market

Shares of Rio Tinto PLC $Rio Tinto Ltd(RIO.AU)$ inched up 0.78% to £50.17 Thursday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX, +0.26% rising 0.26% to 7,952.62.
Rio Tinto PLC closed £8.93 short of its 52-week high (£59.10), which the company achieved on December 28.

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Wealthy Leio

wrote a post·Mar 29 03:32

Gst refund for new business

Can I claim GST on expenses incurred during a quarter where I have yet to make any income from the business? Will I get full GST refund on purchases as there's no income earned? $AUD(BK20039.AU)$ $S&P/ASX 200(.XJO.AU)$

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Peterson111

wrote a post·Mar 28 04:07

Many different factors drive the ASX 200, but mainly it is the aggregate performance of the component companies revealed in their quarterly and annual earnings reports the main factor behind its performance. Commodity prices can also affect the index given its significant share of mining companies.
Macroeconomic data such as Gross Domestic Product (GDP) growth, inflation, or unemployment data from Australia is also important as they are indicators of the health of the country’s economy and thus ...

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Peterson111

wrote a post·Mar 28 04:05

What the experts are saying

Commenting on the record run for the ASX 200, Sean Sequeira, chief investment officer at Australian Eagle Asset Management, said (quoted by The Australian Financial Review), "The rally is focused on miners today, so that's an indication of a cyclical upswing and more comfort with the outlook for the global economy."
Indeed, the BHP Group Ltd $BHP Group Ltd(BHP.AU)$ share price is up 1.7% in morning trade, with Rio Tinto Ltd $Rio Tinto Ltd(RIO.AU)$ shares up 1.5% and F...

Peterson111

wrote a post·Mar 27 04:53

The Commonwealth Bank of Australia $CommBank(CBA.AU)$ share price has done very well for shareholders – it's up 4% in 2024 to date and it has gone up 18% in the last six months. The S&P/ASX 200 Index $S&P/ASX 200(.XJO.AU)$ has only risen by 10% in the past six months.