Geldzug: IF CHINA REBOUNDS, AUSTRALIA GETS AN ASSIST

30 September 2020 China is a major factor in Australia’s economic recovery because China buys more than a third of our exports. This is why global investors like to use the Australian dollar as a proxy for the Chinese economy – if China does well, Australia will benefit, so our dollar will rise (provided that the Australian government does not provoke any more trade retaliation). August marked a sharp improvement in China’s economy. Exports leaped 9.5% year-on-year, after a 7.2% rise in July. The rapid resurgence is partly due to Western companies re-stocking their supply chains after the COVID-19 disruptions [...]

2020-09-29T20:26:38+00:00September 29th, 2020|

Geldzug: AUSTRALIAN MARKETS – THE AUGUST 2020 REPORTING SEASON

15 September 2020 Twice a year we summarise the half-year and full-year results of the companies in the ALCE portfolio. Although the COVID-19 pandemic has affected some of the results for the June 2020 half year, the companies in the portfolio remain strong. Several – e.g. APA, Amcor, BWP, Spark NZ, Steadfast, and Waypoint – have not been materially affected by the pandemic. Others – e.g. ASX, Coles, and Wesfarmers – have done very well in recent months. Power utility AGL unsettled investors with a net profit which was lower than expected, but it also promised dividends which were higher [...]

2020-09-17T15:21:28+00:00September 17th, 2020|
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