Stocks on Wall Street have mostly slid over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut. Gold prices rose to their highest […]
Month: April 2020
Wall St falls on dour earning expectations
Wall Street’s main indexes have slipped amid expectations of a painful US quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co and Wells Fargo & Co will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines […]
MMG nixes Peru copper mine guidance
Australia-based MMG Ltd is formally withdrawing its 2020 production guidance for the Las Bambas copper mine in Peru, it says, after the South American country extended a state of emergency to contain the spread of coronavirus. The miner, which is majority owned by state-run China Minmetals Corp, said in a […]
Reasons for optimism for Australian market
Signs of a flattening coronavirus curve in Australia and higher oil prices could bolster the local share market as it resumes trading although US futures were pointing to an overnight drop on Wall Street. The session after the Easter holiday is always difficult to predict, with the Australian market playing […]
Wall St rises on latest Fed rescue program
Wall Street has closed out the trading week on a high note as the US Federal Reserve unleashed another program designed to buoy local governments and businesses crushed by massive closures to stem the coronavirus outbreak. The benchmark S&P 500 index posted it best weekly gain since 1974, in a […]
7 Ways To Generate Enterprise Concepts This Yr
Irrespective of how rewarding your full-time job may be, discovering the right facet enterprise concepts and finally becoming totally self-employed is even more meaningful than great pay and strong advantages. It does not matter if you’re looking for on-line business ideas for learners or you’re already a serial entrepreneur, there is guaranteed […]
Supermarkets among safe bets for dividends
Companies battered by the COVID-19 lockdowns have been delaying or withholding dividends, and the prospect of payouts even from Australia’s big banks is cloudy after a letter from regulators last week. Analysts are expecting a major cut in dividends across the ASX – but say some companies and sectors are […]
US inflation posts largest drop in 5 years
US consumer prices fell by the most in more than five years in March and further decreases are likely as the coronavirus outbreak suppresses demand for some goods and services, offsetting price increases related to shortages resulting from disruptions to the supply chain. The Labor Department said on Friday its […]
Wall St up on $US2.3 trillion Fed backstop
Wall Street has risen for the third time in four days as the US Federal Reserve rolled out a massive $US2.3 trillion program to bolster local governments and businesses, while energy stocks have jumped on an expected cut in oil production. In what is likely to be its largest rescue […]
Global stocks up on hopes pandemic at peak
Global shares have risen on hopes the COVID-19 pandemic is nearing a peak and that governments will roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. European stock markets gained for a fourth straight day, with investor attention also […]