Consumer confidence up but clouds gather

Consumer confidence up but clouds gather

Consumer confidence has climbed for a second week running as Australia’s coronavirus curve eases, though economists expects weak jobs data and poor business indicators to take an increasing toll. The weekly ANZ-Roy Morgan Australian Consumer Confidence survey...
Consumer confidence up but clouds gather

Bubs’ record quarter amid Chinese demand

Australian baby formula producer Bubs has reported its highest quarterly gross revenue thanks to booming demand in China for infant formula. Bubs’ $19.7 million revenue for the quarter ended March 31 was helped by sales in China more than doubling on the same...
Consumer confidence up but clouds gather

Gold rallies to more than seven-year peak

Gold soared nearly 2.0 per cent to hit its highest since late 2012, with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge stimulus plans. Spot gold gained 1.3 per cent to $US1,735.85 per ounce,...
Consumer confidence up but clouds gather

Copper propelled to four-week high

Copper prices have hit a four-week high, boosted by coronavirus-linked supply disruptions and expectations of stronger demand, although gains were capped by caution over the pace of an economic recovery. Benchmark copper on the London Metal Exchange was up 2.9 per...
Consumer confidence up but clouds gather

ASX tipped to edge higher on Wall St rise

The Australian share market is tipped to edge higher after a strong overnight session on Wall Street, where investors were buoyed by signs coronavirus lockdown measures could begin to ease. The SPI200 futures contract was up 10 points, or 0.18 per cent, to 5,500.0...