Well, as a regular Aussie, I'm hoping to see some tangible benefits that make a difference in my day-to-day life. Maybe some tax relief or increased spending on public services like healthcare and education.
ASX 200 up 11 points to 7804
Perpetual ( $Perpetual Ltd(PPT.AU$ ) shares fell 7.08% to $22.32 after announcing the sale of it’s best business units to KKR….Below is how they summarized the deal:
Strong outcomes for shareholders??? Unlocking value??? Has the PPT board been in Bali lately – tucking into some SPECIAL mushroom omelettes?….In reality they delivered a strong outcome for KKR and their investors.
In hindsight, the PPT board should have put shareholders out of their mis...
Perpetual ( $Perpetual Ltd(PPT.AU$ ) shares fell 7.08% to $22.32 after announcing the sale of it’s best business units to KKR….Below is how they summarized the deal:
Strong outcomes for shareholders??? Unlocking value??? Has the PPT board been in Bali lately – tucking into some SPECIAL mushroom omelettes?….In reality they delivered a strong outcome for KKR and their investors.
In hindsight, the PPT board should have put shareholders out of their mis...
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Shares in Tourism Holdings Rentals ( $Tourism Holdings Ltd(THL.AU$ ) tanked 37% after issuing a hefty profit downgrade.
THL which operates a fleet of over 7000 rental campervans under brands including Britz, Maui and Apollo, said a big slump in sales of ex-rental campervans in Australia in April was the major factor as well as cost of living pressures.…
I wonder if the the boomers have gotten bored with travelling around Australia so they are back on the cruises in ...
THL which operates a fleet of over 7000 rental campervans under brands including Britz, Maui and Apollo, said a big slump in sales of ex-rental campervans in Australia in April was the major factor as well as cost of living pressures.…
I wonder if the the boomers have gotten bored with travelling around Australia so they are back on the cruises in ...
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Philip_AU
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For the first three months of 2024, the consumer price index was 3.6%, slowing from the 4.1% annual pace in the December quarter as released by the ABS this morning. However, this is slightly higher than economists had tipped, indicating CPI would drop to 3.5%.
The March quarterly inflation rate was 1%, compared with the 0.6% pace in the December quarter, which was around 0.2 more than anticipated.
The March quarterly inflation rate was 1%, compared with the 0.6% pace in the December quarter, which was around 0.2 more than anticipated.
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Philip_AU
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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)
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
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It's interesting that nobody seems to talk about growth in debt. Based on ABS data, lending for housing increased 13% in the past year. Personal loans increased 12%. Amazingly, business construction loans grew a whopping 22%.
Seems like people are still borrowing like there is no tomorrow and are undeterred by current interest rates.
Seems like people are still borrowing like there is no tomorrow and are undeterred by current interest rates.
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📈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.
$Westpac Banking Corp(WBC.AU$ $CommBank(CBA.AU$ $Rio Tinto Ltd(RIO.AU$ $BHP Group Ltd(BHP.AU$ $CSL Ltd(CSL.AU$
💸 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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ASX 200 up 81 points to 7649
Industrials, Retail & Financials rallied while it was a mixed bag for Resources….The market is now treating the flare up between Israel and Iran as a nothing burger which can be evidenced by the reversal of last Friday’s rally in GOLD, SILVER and OIL.…. $Qantas Airways Ltd(QAN.AU$added 3.56%, $Telstra Group Ltd(TLS.AU$put on 1.37% and $Global X Metal Securities Aust(ETPMAG.AU$fell 2.57%.
Random Observation
Careful out there (speaking from experience –...
Industrials, Retail & Financials rallied while it was a mixed bag for Resources….The market is now treating the flare up between Israel and Iran as a nothing burger which can be evidenced by the reversal of last Friday’s rally in GOLD, SILVER and OIL.…. $Qantas Airways Ltd(QAN.AU$added 3.56%, $Telstra Group Ltd(TLS.AU$put on 1.37% and $Global X Metal Securities Aust(ETPMAG.AU$fell 2.57%.
Random Observation
Careful out there (speaking from experience –...
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Philip_AU
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