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robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.
robertbrain has written 10197 posts for Aussie Business Barometer

10 Feb 2020 (CNBC online) – Oil drops 1.5pc to 13-month low as weak Chinese demand weighs

(10 February 2020, CNBC online) ‘Oil prices fell to their lowest level since January 2019 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts. Oil has dropped more than 20% from a peak in … Continue reading

8 Feb 2020 (AFR) – ASX fails to shake coronavirus fears

(8 February 2020, AFR, p33, William McInnes, Reporter) ‘Easing concerns over the economic impact of the coronavirus weren’t enough to lift local shares from a heavy sell-off earlier in the week, as the Australian sharemarket ended the week flat. The S&P/ASX 200 Index rose just 5.4 points, or 0.1 per cent, to 7022.6 this week, … Continue reading

7 Feb 2020 (AFR) – ‘Retail is not dead’: Larry Kestelman toasts Grand leasing success

(7 February 2020, AFR, p34, Larry Schlesinger, Reporter) ‘Financial Review Rich Lister Larry Kestelman says bricks-and-mortar retailing “is not dead” after leasing up almost all 6000sq m of retail space at the foot of Capitol Grand, his glitzy $700 million high-rise development nearing completion on the corner of Chapel Street and Toorak Road in Melbourne’s … Continue reading

7 Feb 2020 (AFR) – ASX posts best day for almost a month

(7 February 2020, AFR, p30, Sarah Turner, Reporter) ‘Australian shares rose sharply on Thursday, boosted by a solid performance in the banking sector as well as some strong earnings-related gains, as worries that the coronavirus will dampen global economic growth abated. The S&P/ASX 200 index advanced 1.1 per cent, or 73.15 points, to 7049.19. That … Continue reading

7 Feb 2020 (AFR) – Coles Group ups guidance after strong Christmas food sales

(7 February 2020, AFR, p17, Sue Mitchell, Senior Reporter) ‘Festive foods such as crackling ham and chocolate puddings teamed with free wine glasses helped Coles convince customers to loosen the purse strings in the run-up to Christmas. Australia’s second largest supermarket upgraded profit guidance for the December half after stronger than expected food sales and … Continue reading

7 Feb 2020 (AFR) – China cuts tariffs on $US75b of US imports

(7 February 2020, AFR, p16, AP) ‘Beijing | China cut tariffs on $US75 billion ($111 billion) of US imports including auto parts on Thursday in response to American reductions as part of their truce in a trade war. The cuts come as China struggles with the mounting cost of measures imposed to contain a virus … Continue reading

7 Feb 2020 (AFR) – Reports China considering congress delay as virus toll spikes

(7 February 2020, AFR, p15, Michael Smith, China Correspondent) ‘Shanghai | Beijing was reported to be looking at delaying the annual meeting of its top legislative body as it extended school shutdowns due to the deadly coronavirus and considered whether hundreds of millions of people would be allowed back to work next week. China recorded … Continue reading

7 Feb 2020 (AFR) – Acquitted President Trump sets sail for November

(7 February 2020, AFR, p13, Jacob Greber, United States Correspondent) ‘Washington | Donald Trump roars into the 2020 presidential election race with one goal in mind – to make American history by becoming the first impeached president to go on and win re-election. Republicans cheered their near-complete party-line Senate acquittal on Wednesday (Thursday AEDT) of … Continue reading

7 Feb 2020 (AFR) – Businesses struggling to pay creditors jump 29pc

(7 February 2020, AFR, p7, Matthew Cranston, Economics correspondent) ‘The number of businesses defaulting on payments jumped 29 per cent in 2019, pointing to an increase in insolvencies in the year ahead. Drawing on data from the Australian Securities and Investments Commission and Australian Financial Security Authority as well as courts and debt collectors, CreditorWatch’s … Continue reading

7 Feb 2020 (AFR) – Economy had more momentum – Economists see end of RBA’s rate cut cycle

(7 February 2020, AFR, p1, Matthew Cranston, Sarah Turner and Sue Mitchell) ‘Surprising strong consumer spending in the final three months of 2019 has triggered investors to upgrade retail stocks and abandon calls for another interest rate cut this year. The stronger than expected growth in retail trade in the December quarter supports Reserve Bank … Continue reading

7 Feb 2020 (TheAge,Telegraph) – Coronavirus grips global economy – The Black Swan that might finally sink the markets

(7 February 2020, The Age, Business, p29, Ambrose Evans-Pritchard) ‘The workshop of the world is closed. China is on a total-war footing. The Communist Party has evoked the “spirit of 1937” and mobilised all the instruments of its totalitarian surveillance system to fight both coronavirus, and the truth. Make GDP forecasts if you dare. As of … Continue reading

7 Feb 2020 (TheAge) – Illiquid gold: Why Future Fund looks beyond our shrinking sharemarket

(7 February 2020, The Age, Business, p27, Stephen Bartholomeusz) ‘With stock exchanges shrinking around the world and private equity and unlisted investments growing rapidly, an interesting conundrum arises. Why is it big investors believe illiquid assets will generate better returns than those in liquid markets? ‘ ‘Stock markets, at least in the developed world, are … Continue reading

7 Feb 2020 (TheAge) – Government prepares for virus economic downturn as fires hit retailers

(7 February 2020, The Age, p8, By Shane Wright) ‘The Morrison government is preparing Australians for a large hit to the economy and the budget bottom line from the coronavirus outbreak and the summer’s bushfires amid growing concern the financial hit from both will be larger than first thought. As December retail figures showed the … Continue reading

6 Feb 2020 (AFR) – Retail property deals slow as buyers get nervous

(6 February 2020, AFR, p40, Nick Lenaghan, Property Editor) ‘Deal flow in the retail property sector hit a seven-year low in 2019 with total transactions falling 22 per cent to $6.3 billion, as investors became increasingly cautious, according to JLL. As buyer sentiment weakened – a global theme – listed property trusts and unlisted funds … Continue reading

6 Feb 2020 (AFR) – Home buyers: ‘It’s crazy’: Cashed-up but nothing to buy

(6 February 2020, AFR, p38, Nila Sweeney, Reporter) ‘The share of pre-approved loans that failed to convert to contracted mortgages has doubled since property prices started rising in June last year as buyers struggled to find the right property amid persistently low supply. Data compiled by Digital Finance Analytics shows the proportion of mortgage committed … Continue reading

6 Feb 2020 (AFR) – Office leasing: Space industry a longer term plus in Adelaide

(6 February 2020, AFR, p36, Simon Evans, Senior Reporter) ‘Landlords are trimming incentives offered in the Adelaide CBD for higher quality office buildings, and conditions remain positive even though vacancy rates increased after the largest addition of stock to the market in seven years. Property Council of Australia figures show the Adelaide CBD vacancy rate … Continue reading

6 Feb 2020 (AFR) – ‘Fewer crazy deals’ as Perth office vacancy rate falls

(6 February 2020, AFR, p36, Larry Schlesinger, Reporter) ‘The Perth CBD office vacancy rate eased back to 17.6 per cent from 18.5 per cent over the six months to January, according to Property Council figures.’ Read more at AFR.com (might need AFR login access)

6 Feb 2020 (AFR) – Office leasing: New supply trumps stronger demand in Brisbane

(6 February 2020, AFR, p37, Michael Bleby, Senior Reporter) ‘Brisbane has yet to see an improvement in its elevated office vacancy rate, with a rise in demand for high-quality space failing to offset an increase in new supply and sinking demand for lower-quality buildings. The CBD vacancy rate rose to 12.7 per cent over the…’ … Continue reading

6 Feb 2020 (AFR) – Office leasing: Stronger tenant demand reduces Canberra vacancy rate

(6 February 2020, AFR, p36, Larry Schlesinger, Reporter) ‘Stronger demand from the public sector helped push down the overall vacancy rate in Canberra to 10.3 per cent from 11.1 per cent over the six months to January. However, the vacancy rate  remains well above the 30-year historical average of about 7.5 per cent – last … Continue reading

6 Feb 2020 (AFR) – Melbourne keeps crown of tightest office market

(6 February 2020, AFR ,p37, Michael Bleby, Senior Reporter) ‘Melbourne’s CBD vacancy rate has ticked down to 3.2 per cent as the city prepares for the biggest wave of new stock in almost three decades to hit the market. The Victorian capital kept the crown of the country’s tightest office market, with the rate slipping … Continue reading

6 Feb 2020 (AFR) – Sydney CBD’s tight office market forces tenants elsewhere

(6 February 2020, AFR, p36, Ingrid Fuary-Wagner, Reporter) ‘Sydney’s CBD office market has recorded the greatest negative demand of Australia’s capital cities in the last six months as tenants looked for space elsewhere in the city. According to the Property Council’s latest Office Market Report, rising demand in other parts of Sydney resulted in a … Continue reading

6 Feb 2020 (AFR) – Tight Sydney, Melbourne office markets send tenants to the ‘burbs

(6 February 2020, AFR, p29, Nick Lenaghan, Property Editor) ‘The Property Council of Australia’s latest Office Market Report – a key barometer for the take-up of office space around the country and ultimately for white collar employment – tells an unusual story about the two biggest markets of Sydney and Melbourne. In both markets net … Continue reading

6 Feb 2020 (AFR) – Coronavirus: China tightens controls as virus death toll hits 492

(6 February 2020, AFR, p10, Michael Smith and Bo Seo) ‘Shanghai|Sydney | The number of people infected with the coronavirus is expected to keep rising for months as Beijing steps up measures to quarantine millions of people and one of China’s top scientists warned there was no sign of a turning point. Scientists said Thursday … Continue reading

6 Feb 2020 (AFR) – New vehicle sales drop 12.5pc in January

(6 February 2020, AFR, p8, Simon Evans, Senior Reporter) ‘Australia’s new vehicle sales plunged 12.5 per cent in January as already-low levels of confidence among potential car buyers were buffeted by the fallout from bushfires, drought and the early stages of international concerns over the coronavirus outbreak. Victoria suffered one of the biggest drops as … Continue reading

5 Feb 2020 (TheAge) – Rinse, repeat: The RBA must ditch its permanently Panglossian view

(5 February 2020, The Age, p31, David Scutt) ‘The RBA has put its rose-tinted glasses back on, having temporarily removed them late last year, predicting a Goldilocks outcome of stronger economic growth, lower unemployment and a continuation of low inflation in the period ahead. The bank said in its policy announcement today it expects economic … Continue reading

5 Feb 2020 (TheAge) – Retail: Temple and Webster shows signs of retail recovery with bumper first half

(5 February 2020, The Age, Business, p24, By Dominic Powell) ‘Major online homewares and furniture retailer Temple and Webster has beaten the retail blues to report a strong result for the first half of the financial year, with potential green shoots emerging in Australia’s struggling retail landscape.’ Read more at Theage.com.au

5 Feb 2020 (TheAge) – Coronavirus could cause collapse of world’s supply chains

(5 February 2020, The Age, Business, p23, Stephen Bartholomeusz) ‘The great unknowable about the impact of the coronavirus for businesses, investors and economic policymakers is just how much damage it will inflict on the global economy. That’s why the markets are gyrating, with the US stockmarket tumbling on Friday and then recovering half those losses … Continue reading

5 Feb 2020 (TheAge) – Retail: Colette by Colette Hayman collapses, 140 stores at risk

(5 February 2020, The Age, p12, By Dominic Powell) ‘Poor trading and a failed funding agreement have led to the collapse of women’s fashion retailer Colette by Colette Hayman, placing 140 stores and hundreds of jobs at risk in the ongoing brutal retail environment. The handbags, jewellery and fashion accessories brand was put in the … Continue reading

5 Feb 2020 (AFR) – Crude shock as oil tumbles on coronavirus hit

(5 February 2020, AFR, p24, Tom Richardson, Markets reporter and commentator) ‘The coronavirus has one more victim with benchmark oil prices tumbling 18 per cent over 2020 to below $US50 a barrel on Tuesday as traders worry a slowdown in China will shatter demand. The uncertainty over the virus’s ongoing impact has now sent prices … Continue reading

4 Feb 2020 (AFR) – Office leasing: Smaller digs prove popular as office space race heats up

(4 February 2020, AFR, p34, Nick Lenaghan, Property Editor) ‘The demand for office accommodation rose 25 per cent in the last quarter compared with a year earlier, and smaller office spaces proved the most popular. Total demand hit 530,369 square metres in the fourth quarter of 2019, according to analysis by Colliers International. The appetite … Continue reading