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Share rout heat on RBA

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Original article by Sarah Jones, Joanne Tran, Jessica Sier
The Australian Financial Review – Page: 1 & 28 : 6-Aug-24

The global sharemarket downturn has coincided with the Reserve Bank of Australia’s two-day monetary policy meeting. Governor Michele Bullock will be among the first central bankers to publicly comment on the equities slump when she holds a press conference on Tuesday afternoon. Financial market traders now expect the RBA to reduce the cash rate in December, compared with previous expectations of February 2025. Meanwhile, there is speculation that the US Federal Reserve may be forced to intervene and reduce official interest rates before its next scheduled meeting in September.

CORPORATES
RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

Push for Unibail to recut takeover

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Original article by Ben Potter
The Australian – Page: 20 : 19-Feb-18

French shopping centre group Unibail-Rodamco released details of a plan to acquire the Lowy family’s Westfield Corporation on 10 December. At the time the deal was valued at $A32 billion, but its value has since fallen by over 12 per cent, due to a combination of a fall in Unibail’s share price and a rise in the Euro and the Australian dollar against the US dollar. Michael Doble of APN says that if there was to be any changes to the terms of the transaction that the impetus for change would come from the Lowys.

CORPORATES
UNIBAIL-RODAMCO, WESTFIELD CORPORATION – ASX WFD, APN FUNDS MANAGEMENT LIMITED, FOLKESTONE MAXIM ASSET MANAGEMENT LIMITED, PHOENIX PORTFOLIOS PTY LTD, RESOLUTION CAPITAL LIMITED, ANTARES EQUITIES

For markets, the devil was in the lack of detail

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 13 & 29 : 13-Jan-17

Ewa Turek of Morgan Stanley notes that the first press conference of US president-elect Donald Trump offered few details of the policies he will prioritise after taking office. US markets posted modest gains in response to the press conference, while the Australian market dipped slightly. Garry Laurence of Perpetual adds that investors are waiting for more details of Trump’s policies, as well as guidance regarding the outlook for US interest rates.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, STANDARD AND POOR’S ASX 200 INDEX, PERPETUAL LIMITED – ASX PPT, WINGATE ASSET MANAGEMENT PTY LTD, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD

Continued iron ore rally faces threat as supply worry returns

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Original article by Ranjeetha Pakiam
The Australian Financial Review – Page: 16 : 5-Jan-17

The price of iron ore may be negatively affected by oversupply and lower demand. Having risen 81 per cent to around $US80 a tonne in 2016, it is unlikely to continue to climb in 2017. Rising iron ore prices have had a positive impact on share prices of Australian-listed mining companies, with Rio Tinto’s shares gaining 34 per cent in value in 2016.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA