- Equity Espresso
- Archive
- Page 30
Archive
Wesfarmers Rides High on Kmart's Robust Earnings as Powell Takes Center Stage at Jackson Hole
The ASX200 closed 66.9 pts. lower on Friday, making it the second week of declines. All eyes will be on U.S. Federal Reserve chairman Jerome Powell’s address at the Jackson Hole annual meeting later tonight.
Dominos Stands Firm on Pricing, IDP Education Soars, & WiseTech Faces Lower Forecast
Woolworths, IDP Education and Dominos, rose today after posting earnings, while WiseTech came crashing back down to earth, falling 19% to $69.60 after trading at all-time highs the last couple of weeks. We cover these companies and more later in the recap.
Premier Investments Tailors New Strategy as CEO Hangs Up His Hat
Economic news from China continues to capture headlines. Chinese banks made a smaller-than-expected cut to their benchmark lending rate today, avoiding trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans.'
Aussie Employment Takes a Hit & Chicken Prices Soar!
The Australian dollar has hit a nine-month low of US$0.64 due to a decline in China's economy, which is a major purchaser of our commodities. According to economists, the currency could decrease further if the market's outlook on China's economy does not improve.
