11 August, 2015 by The TZ Newswire Staff Comments Off on CBA sets $3.7B rights issue as annual earnings rise 5%
CBA sets $3.7B rights issue as annual earnings rise 5%
CBA set a $3.65 billion rights issue as its annual profit met expectations, completing Australia’s “Big Four” lenders’ fundraising round.
11 August, 2015 by The TZ Newswire Staff Comments Off on Let’s cut to the chase – What is the impact of yuan devaluation on various markets?
Let’s cut to the chase – What is the impact of yuan devaluation on various markets?
This is a great summary from ANZ (Global Head of Financial Market Research Richard Yetsenga):
On the AUD and NZD, the likely impact of a de-anchored yuan is ‘Mildly bearish’, with Yetsenga’s rationale being:
11 August, 2015 by The TZ Newswire Staff Comments Off on These Names Held Up Just Fine During Tuesday’s Sell-Off
These Names Held Up Just Fine During Tuesday’s Sell-Off
Another round of selling hit Wall Street Tuesday after China devalued its currency. China’s move reignited concerns over the health of the world’s second-largest economy. China airline stocks sold off on the news, but U.S. airlines outperformed, thanks to a sharp drop in oil prices. Benchmark crude oil hit a six-year low, falling $1.88, or 4.2%, to $43.08 a barrel. SkyWest (SKYW) scored a new high, rising 0.46 to 17.74 in heavy volume.
11 August, 2015 by The TZ Newswire Staff Comments Off on What’s O2O? The driver behind Alibaba’s $4.6B deal
What’s O2O? The driver behind Alibaba’s $4.6B deal
Alibaba’s $4.6 billion tie-up with Suning Commerce Group has put the spotlight on China’s burgeoning online-to-offline (O2O) retail market.
11 August, 2015 by The TZ Newswire Staff Comments Off on Value to be found in EMs’ longest earnings recession
Value to be found in EMs’ longest earnings recession
Companies on the MSCI Emerging Markets Index are in their longest-ever earnings recession, according to Morgan Stanley, but cheap valuations are still luring investors in.
11 August, 2015 by The TZ Newswire Staff Comments Off on Elliott Wave Update ~ 11 August 2015
Elliott Wave Update ~ 11 August 2015
Yesterday’s ridiculous gap up has been neatly closed. Market still exhibits a contracting triangle pattern. Altered the [b] of 5 count slightly.
11 August, 2015 by The TZ Newswire Staff Comments Off on Indexes End Down Sharply, Test Support Levels Again
Indexes End Down Sharply, Test Support Levels Again
The stock market slid Tuesday, quickly deflating whatever bullish sentiment the prior day’s rally had built. The Nasdaq skidded 1.3%. The composite lagged the main indexes, despite a good day for one of its top components. Google (GOOGL) jumped 4% as Wall Street applauded its reorganization plan. Google’s class A and C shares together account for nearly 5% of the Nasdaq’s total market value. The S&P 500 slid 1%.