Rare earth producer Lynas Corp has averted a cash shortage for now with a planned equity raising and debt restructure.
The Chartist reports Woolworths has broken up on the chart but has left a gap, which suggests caution before any further bullishness.
Peter Switzer of the Switzer Super Report previews next week’s Australian federal budget.
A wrap of the day’s activity on the Australian stock market.
Iron ore prices have fallen 10% recently and Chinese inventory financing and a resumption of Indian exports has been blamed, but are these the real reasons?
Heightened tensions over Russia’s involvement in Ukraine underpins the outlook for crude, nickel and gold. Uranium remains in the doldrums while coal is beset by supply.
Michael Gable of Fairmont Equities suggests a strategy to take advantage of weakness in ANZ Bank.
The uranium spot price is now below the level considered necessary to support primary production, while term contract prices have also fallen due to subdued buying interest.
Retailer rental growth is unlikely, given the income pressures on retailers, while office rental growth appears limited to Sydney and Melbourne. Brokers look at preferred REITs.
A wrap of the day’s activity on the Australian stock market.
