📈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)$
to be fair a lot of what you said is the reality. However COL and WOW don’t make supermarkets. Overall profitability isn’t super by any means. As the$CommBank(CBA.AU)$and$Coles Group Ltd(COL.AU)$CEO said go have a look at apples margins and lack of tax paid? COL and WOW are a few $ per $100. Hardly super; and that is why you don’t see other players bothering to enter the market. Albo slapped the supermarkets with what? A 7% wage increase, what did you expect would happen? Pass on the costs. ...
At the start of last week markets were processing the implications of Iran's drone attack on Israel and the possible Israeli response. Gold and Oil both spiked higher before retreating as markets digested the potential escalation of the current situation. The well-flagged Israeli response later in the week was thankfully relatively small and confined to bombing military targets inside Iran in a move thought to be aimed at de-escalating the conflict. Ne...
I’ve got about 83% of my portfolio in$BHP Group Ltd(BHP.AU)$, the remainder is in$Rio Tinto Ltd(RIO.AU)$,$CommBank(CBA.AU)$(yes I’m aware of the overlap,) and$Fortescue Ltd(FMG.AU)$.😚😚 I’m looking to put some cash which is on the sidelines into play, approx 10% of current portfolio value; any suggestions on what I should look at? I’m pretty passive, just looking for something with a 10ish year timeframe.😏 I have another US portfolio which is 5x the size of my Aus, which is 80%$标普500ETF-Vanguard(VOO.US)$with the ...
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专栏AU Evening Wrap: Australia Shares Rise 0.35%, Wrap Up Monthly Loss
• Top losers: $Worley Ltd(WOR.AU)$, $Megaport Ltd(MP1.AU)$, $Ampol Ltd(ALD.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.35% higher at 7664.1 but still completed its first month of losses since October. The benchmark index notched a second straight daily gain amid strength in shares of its largest companies, but los...
专栏AU Evening Wrap: Australia Shares Rise 0.8% as Real Estate and Tech Rally; BOE Gains 9.1%
• Top losers: $GQG Partners Inc(GQG.AU)$, $Mercury NZ Ltd(MCY.AU)$, $Meridian Energy Ltd(MEZ.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.8% higher at 7637.4, bouncing amid strength in financial and real-estate stocks. The benchmark index followed a positive lead by U.S. equities at the...
Inflation Soars in Australia: Both Core and Domestic Rates Spike - Will the RBA Take Action?
💸 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)$
...
专栏ASX WEEKLY REPORT FOR 15 APR TO 19 APR 2024
Gold and Oil both spiked higher before retreating as markets digested the potential escalation of the current situation. The well-flagged Israeli response later in the week was thankfully relatively small and confined to bombing military targets inside Iran in a move thought to be aimed at de-escalating the conflict. Ne...
专栏AU Evening Wrap: Australia Shares Tumble on Inflation, Middle East Worries
• Top losers: $Karoon Energy Ltd(KAR.AU)$$Pinnacle Investment Management Group Ltd(PNI.AU)$$Flight Centre Travel Group Ltd(FLT.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 1.0% lower at 7567.3, completing its heaviest weekly fall since September amid fading hopes for interest-rate cuts and growing worries over the ...
I’m looking to put some cash which is on the sidelines into play, approx 10% of current portfolio value;
any suggestions on what I should look at?
I’m pretty passive, just looking for something with a 10ish year timeframe.😏
I have another US portfolio which is 5x the size of my Aus, which is 80% $标普500ETF-Vanguard(VOO.US)$ with the ...
专栏AU Evening Wrap: Australia Shares Rise 0.5% Amid Large-Cap Gains
• Top losers: $Mercury NZ Ltd(MCY.AU)$, $ResMed Inc(RMD.AU)$, $Evolution Mining Ltd(EVN.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.5% higher at 7642.1, snapping a run of five straight losses amid strength in shares of the country's large miners and banks. The benchmark index shrugged off a s...
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