Europe has taken the spotlight away from what has been a very positive March quarter earnings season in the US.
A glance through the latest expert views and predictions about commodities with both copper and oil seen as mispriced on fundamentals and the Super tax proposal causing project deferrals in Australia.
Last night’s sell-off in gold is nothing to be surprised about.
Of all the negative influences currently impacting on the Australian stock market, none is greater than “Oh God I’ve seen this movie before”.
David Jones delivered a soft March quarter sales result and some brokers are now questioning where earnings growth will come from in coming periods.
Credit Suisse today initiated coverage on Premier Investments with an Outperform rating, while Citi has upgraded to a Buy.
A glance through the latest expert views and predictions about commodities with platinum, zinc and gold in focus.
Westpac’s Australian consumer confidence index has tipped over, Germany’s confidence has plunged, and the US consumer is none too enthusiastic either.
As promised in this week’s Weekly Insights: the charts.
Observations made by market strategists at BTIG and Glushkin Sheff.
