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
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
From Chris Joye at AFR:
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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.
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
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
From Westpac’s Red Book:
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….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.