Australasian Investment Review (AIR) is a free daily news service with a weekly online magazine covering global financial markets with a focus on Australia, New Zealand and Asia.
The market is doing OK – up 76 – but we were expecting better things after the SFE Futures suggested a 134 point rise this morning ahead of US Election result. We were up 103 at best. Resources outperforming after a strong session on the London Metals Exchange. Westpac Bank goes 72c ex dividend today, ANZ tomorrow 74c.
The US car industry will be the most pressing problem the new US President will have to grapple with after the industry saw a massive 32% plunge in sales in October, even worse than anyone had thought and grimmer than the shock 27% slump in September.
Shares in James Hardie staggered 17 cents higher yesterday to $4.99, despite the company revealing its third and fourth plant closures in the US because of the continuing building slump.
APN News & Media (APN) shares were again in demand yesterday, finishing up 11 cents in a down market, to $3.09.
A burst of realism from listed investment fund management group, Platinum Asset Management yesterday.
Desperation is always a good thing to be on, as we saw with the win by Viewed in yesterday's Melbourne Cup.
A very mixed picture for the economy from a slew of figures released yesterday means a half a per cent rate cut is now firmly on the cards.
It was a year ago this week that BHP went public with its three share offer for one for rival Rio Tinto, a ratio that was boosted in the formal offer in February to 3.4 to one.
Travel group, Flight Centre Ltd has produced its first earnings downgrade in more than a year.
The collapsing China iron and steel boom story has badly hurt small Australian producer, Mount Gibson, to the point where it will be forced to sack staff and sell iron ore at a loss because of defaults by Chinese buyers.
