In Australia mortgage holders and owners of ASX small caps will be on guard with RBA Governor’s press conference on Tuesday being a big focus, and whether or not potential rate hikes could be on the cards this year. That's right, I said it. Rate hikes are on the cards after a series of hotter than expected CPI reads, and now the...
Inflation in Australia came in much higher than economists expected…..I doubt normal Aussies were surprised as we’re all watching the purchasing power of our money dwindle in real time.$Wesfarmers Ltd(WES.AU)$$Telstra Group Ltd(TLS.AU)$
It will come under 3% this year. Interest rates are a blunt instrument and they take time to work. The ABS commentary points kind of points out things are going in the right direction. I suspect retail sales will falter and growth will remain anaemic “The monthly Consumer Price Index (CPI) indicator in Australia stood at 3.4% in the year to February 2024, unchanged from the previous two months, and below market expectations of 3.5%. Still, the latest reading pointed to the lowest since November ...
G'day, mooers! Check out the latest news on today's stock market! • Wall Street closes lower • ASX flat ahead of CPI data • Stocks to watch: APM Human Services, Platinum Asset Management Wall Street Summary Freshly listed stocks traded higher Tuesday, but the entire market seemed to pull back in the final hour of trading. Indexes swung from a 0.20% climb to a fall of the same amount. With preliminary closing figures,$S&P 500 Index(.SPX.US)$fell 0.28%, ...
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Lysander :
Yeah it's ridiculous. Last year my car insurer had a renewal offer of over $850, when I was currently paying high $600s. I let that policy lapse, became a 'new' customer of this insurer and it came back down to the $600s.
$Wesfarmers Ltd(WES.AU)$ Retail Sales are seen pulling back to 0.4% in February from the prior month’s 1.1%. Analysts highlight the volatility in the data around the turn of the year, with the sharp fall in December (-2.1% Y/Y) followed by a surge in January.$Westpac Banking Corp(WBC.AU)$highlights that “The noise reflects difficulties the ABS is having adjusting for shifts in seasonal patterns through Nov-Dec-Jan.” The desk also cites its Westpac Card Tracker whic...
The week ahead (key themes and events): - Shorter trading week due to Easter weekend - Australian CPI, retail sales - BOJ summary of opinions, Tokyo CPI - US GDP Australian CPI, retail sales With traders desperately trying to price in an RBA cut this year, the attention shifts to Australia’s monthly CPI report and retail sales. The RBA still think that inflation remains “too high”, so any soft figures here could bolster bets of easing. Retail sales is likely second tier da...
Wesfarmers Ltdに関するコメント
• Top losers: $Coronado Global Resources Inc(CRN.AU)$ $Super Retail Group Ltd(SUL.AU)$ $JB Hi Fi Ltd(JBH.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 1.1% lower at 7721.6, snapping a five-session run of gains amid weakness in shares of banks and consumer-facing companies.
The benchmark i...
That's right, I said it. Rate hikes are on the cards after a series of hotter than expected CPI reads, and now the...
Interest rates are a blunt instrument and they take time to work.
The ABS commentary points kind of points out things are going in the right direction. I suspect retail sales will falter and growth will remain anaemic
“The monthly Consumer Price Index (CPI) indicator in Australia stood at 3.4% in the year to February 2024, unchanged from the previous two months, and below market expectations of 3.5%. Still, the latest reading pointed to the lowest since November ...
- Downgraded to underperform from neutral at Macquarie; Price Target: $0.25 from $0.45
- Retained at overweight at Morgan Stanley; Price Target: $0.50
$Alpha HPA Ltd(A4N.AU)$ - Retained at buy at Bell Potter; Price Target: $1.60 from $1.68
$Aeris Resources Ltd(AIS.AU)$ - Retained at buy at Bell Potter; Price Target: $0.23
$Aristocrat Leisure Ltd(ALL.AU)$ - Retained at hold at Ord Minnett; Price Target: $45.00
$ALS Ltd(ALQ.AU)$ - Retained at buy at Goldman S...
• Top losers: $Boss Energy Ltd(BOE.AU)$, $Premier Investments Ltd(PMV.AU)$, $Arcadium Lithium PLC(LTM.AU)$
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.5% higher at 7819.6 after lower-than-expected inflation stoked optimism over central bank interest-rate cuts. The benchmark index was flat until the release of data...
• Wall Street closes lower
• ASX flat ahead of CPI data
• Stocks to watch: APM Human Services, Platinum Asset Management
Wall Street Summary
Freshly listed stocks traded higher Tuesday, but the entire market seemed to pull back in the final hour of trading. Indexes swung from a 0.20% climb to a fall of the same amount.
With preliminary closing figures, $S&P 500 Index(.SPX.US)$ fell 0.28%, ...
Retail Sales are seen pulling back to 0.4% in February from the prior month’s 1.1%. Analysts highlight the volatility in the data around the turn of the year, with the sharp fall in December (-2.1% Y/Y) followed by a surge in January. $Westpac Banking Corp(WBC.AU)$ highlights that “The noise reflects difficulties the ABS is having adjusting for shifts in seasonal patterns through Nov-Dec-Jan.” The desk also cites its Westpac Card Tracker whic...
- Shorter trading week due to Easter weekend
- Australian CPI, retail sales
- BOJ summary of opinions, Tokyo CPI
- US GDP
Australian CPI, retail sales
With traders desperately trying to price in an RBA cut this year, the attention shifts to Australia’s monthly CPI report and retail sales. The RBA still think that inflation remains “too high”, so any soft figures here could bolster bets of easing. Retail sales is likely second tier da...
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