• Kiwi Strengthens as Business Confidence Rises 28/11/19

    Kiwi Strengthens as Business Confidence Rises 28/11/19

    • November 28, 2019

    The kiwi continued to strengthen against the Australian dollar after the market received better-than-expected data. Business confidence in New Zealand came in at -26.4, which was better than the expected decline of -30.8. Business activity increased by 12.9%, which was higher than October’s decline of -3.5%. These numbers came a day after the market received

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  • Australian market expected to open higher 28/11/19

    Australian market expected to open higher 28/11/19

    • November 28, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 22 points.   London’s decision to revoke Uber’s operating license opens a window into what drivers say has been a relatively common practice of sharing or renting out driver accounts at a number of ride-hailing apps.

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  • Australian market expected to open lower 27/11/19

    Australian market expected to open lower 27/11/19

    • November 27, 2019

    OPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open down 8 points.    China offered its most positive message in recent weeks that trade talks with the U.S. were going smoothly after a phone call between the countries’ top negotiators, raising the prospects for a limited

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  • Kiwi Jumps on Positive Q3 Retail Sales Data 26/11/19

    • November 26, 2019

    The kiwi rose after Statistics New Zealand released the latest retail sales data. Retail sales rose at an adjusted rate of 1.6% in the September quarter. This was higher than the modest 0.2% in the June quarter. This jump was driven by increased electrical and electronic goods sales, which rose by 4.4% in the quarter.

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  • Australian market expected to open higher 26/11/19

    • November 26, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 27 points. The European luxury conglomerate behind Louis Vuitton and Bulgari is taking over Tiffany in a more-than-$16 billion gamble that it can restore shine to the famed jeweler. China’s government called for speeding up the

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  • Hong Kong Stocks Fly as Pro-Democracy Candidates Win Local Elections 25/11/19

    • November 25, 2019

    Australian stocks rose despite controversy within the financial sector. Problems escalated last week when banking giant, Westpac, said that it had breached money laundering laws 23 million times. The bank now faces a record fine as Australian authorities ramp up their investigations. Over the weekend, Afterpay, became the latest firm to confirm that it had

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  • Australian market expected to open higher 25/11/19

    • November 25, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 12 points. Business activity in the U.S. is offering signs of a pickup in late 2019, contrasting with more sluggish economic performances in some of the world’s other largest economies.  Airbnb Chief Operating Officer Belinda Johnson

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  • Australian Stocks Soar in Aftermath of Westpac Scandal 22/11/19

    • November 22, 2019

    Australian stocks rose today as the markets continued to react to the latest revelations by Westpac bank. On Wednesday, the bank announced that it had failed to enforce money-laundering rules. This led to more than 23 million breaches of AML and counter-intelligence laws. The bank is facing both legal and political pressure as the crisis

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  • Australian market expected to open higher 22/11/19

    • November 22, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 38 points. China’s chief trade negotiator has invited his American counterparts for a new round of talks, according to people briefed on the matter, as both sides are struggling to strike a limited deal to help

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  • Australia Stocks Tank as Markets React to Latest Westpac Crisis 21/11/19

    • November 21, 2019

    Australian stocks are having one of their worst weeks this year. The AUS200 index has declined from a high of $6835.35 to a low of $6635.25. This decline is as a result of the weakening sentiment on global trade. It is also because of a large scandal that has engulfed the country’s banking sector. Early

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  • Australian market expected to open lower 21/11/19

    Australian market expected to open lower 21/11/19

    • November 21, 2019

    OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 10 points. The Trump administration has allowed some U.S. suppliers to Huawei to resume shipping to the Chinese telecom giant, easing export restrictions while negotiators struggle to work out the first phase of a trade deal.

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  • Australian Stocks Dip as Trade War Tensions Rise 20/11/19

    • November 20, 2019

    Australian stocks dropped by 1.28% as the market worried about trade. The dip also followed a decision by the People’s Bank of China (PBOC) to slash interest rates from 4.20% to 4.15%. This decision was unexpected and came a week after the country released weak fixed asset investment, industrial production and manufacturing production data. It

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