Tags » Australia & NZ

BHP Billiton

I have seen a few advisers recommending BHP to clients but there are no signs that the commodity free-fall is ending.

Bullish divergence on 13-week Twiggs Money Flow reflects medium-term buying pressure. 32 more words

Stock Markets

ASX wagon follows China engine

The ASX wagon is clearly hitched to the Chinese growth engine. When China slows and commodity prices fall, the ASX is sure to follow.

The Shanghai Composite Index is simply a barometer of the main show, which is Chinese real estate and infrastructure investment. 104 more words

Stock Markets

CBA: big four to raise another $32 billion of equity | afr.com

From Chris Joye at AFR:

On the question of whether the majors are done and dusted on capital raising, investors need go no further than CBA’s chief credit strategist, Scott Rundell, and CBA’s head of fixed-income strategy, Adam Donaldson, who on Thursday published a report arguing the big four are short $32 billion of CET1 capital.

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Australia & NZ

Aussie big four banks overpriced

Australia’s big four banks have raised significant amounts of new capital as the realization finally dawned on regulators that they were highly leveraged and likely to act as “an accelerant rather than a shock-absorber” in the next downturn. 412 more words

Stock Markets

ASX during the 1997 Asian financial crisis

Performance of the All Ordinaries during the 1997 Asian financial crisis and ensuing Russian financial crisis in 1998.

The index gained 7.9% in 1997 and 7.5% in 1998 despite the upheaval in Asian markets. 38 more words

Stock Markets

Australian Dollar during the 1997 Asian financial crisis

Performance of the Australian Dollar during the Asian financial crisis. The falling Dollar acted as a buffer, protecting the Australian economy from the Asian contagion. 21 more words

Australia & NZ

Australia: Housing slowdown

From Westpac’s Red Book:

….the situation around housing does appear to be shifting. We highlighted a sharp fall in the ‘time to buy a dwelling’ index as last month’s most significant development, warning that unless there was an equally sharp reversal in Aug it would likely mark the beginning of a further leg to the housing slowdown.

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Australia & NZ