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ASX at the close

February 6, 2015 - 17:20 -- Admin

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Mixed trade ahead of non-farm payrolls Asia is mixed with a degree of consolidation across equities following some big moves recently. These moves also mirror what we saw through European and US trade where a degree of uncertainty is fuelling a cautious tone at […]

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Xie: Iron ore to crash to $35 in 2015

February 6, 2015 - 17:00 -- Admin

All I want to do is go home but this can’t wait. Finally, I’ve been out-beared on iron ore, from Bloomie: Iron ore will slump into the $US30s-a-tonne range this year as low-cost supplies rise and steel demand in China shrinks, according to Andy Xie, a Shanghai-based independent economist who’s forecast a rout for years. […]

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Australia needs Tony

February 6, 2015 - 16:15 -- Admin

Just one more laugh before the weekend: If you say so, Rup! Share on Facebook Share on Twitter Share on Reddit + -

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Tony and Julie join forces, not

February 6, 2015 - 16:13 -- Admin

From the PM Abbott: As you know, two of my colleagues have called for a leadership spill of the two senior positions in our party. They’ve called for a spill of my position as leader and they’ve called for a spill of Julie Bishop’s position as deputy. “The first point to make is that they […]

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Bill Evans sticks with March rate cut

February 6, 2015 - 14:45 -- Admin

Fresh from Westpac’s Bill Evans: In November the RBA forecast growth through 2015 of 2.5%-3.5%. This forecast has now been lowered to 2.25%-3.25%. That is, the mid-point has been lowered from 3.0% to 2.75%. This 0.25ppt loss of growth is expected to be concentrated in the first half of 2015. Forecast growth in 2016 has […]

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Who should be Turnbull’s Treasurer?

February 6, 2015 - 14:12 -- Admin

From Crikey: The substitution of Turnbull for Abbott will at least provide some basic certainty for business — though not if he runs to an election straight away — and will likely provide consumers with a confidence boost. Turnbull is a far more popular figure than Abbott with appeal across the partisan divide. But the […]

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Spill spills

February 6, 2015 - 14:03 -- Admin

Breaking from the ABC: West Australian Liberal MP Luke Simpkins has emailed party room colleagues to announce he will move a spill motion against the Prime Minister. It will be seconded by MP Don Randall, with a third WA Liberal, Dennis Jensen, saying he will support the motion. The ABC has been told the MPs […]

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Previewing US jobs

February 6, 2015 - 13:34 -- Admin

The consensus forecast for tonight’s USNFP (jobs) report is 230k and 5.6% unemployment. Goldman is taking the under: We forecast nonfarm payroll job growth of 210k in January, below the consensus forecast of 230k. Payroll employment growth exceeded 250k in each of the last four months and averaged 246k over the 12 months of 2014, […]

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