Wednesday, July 19, 2017
China puts up another strong performance
China’s economy held steady in the second quarter of 2017 as stronger-than-expected global trade and healthy consumer spending bolstered economic activity in the country. Its gross domestic product (GDP) increased 6.9% in the second quarter of 2017 from a year ago, the same as the previous quarter and better than many forecasts.
Monday, July 17, 2017
• Fed Chair Yellen’s cautious stance and earning releases propel US stocks higher.
• Steady flow of robust economic data uplifts European markets.
• Positive sentiment push most Asian markets higher.
Thursday, July 13, 2017
Its reporting season! And you know what that means... new Skaffold Scores. It’s the time of year when you’re thankful to have Skaffold keeping tabs on things for you.
Skaffold’s patent-pending A1 – C5 stock ratings interpret a company’s latest financial results. They update when a company releases their full year or interim results. In Australia, that typically occurs in August (full year) and February (interim) where more than 60% of stocks listed on the ASX report their results.
Access Skaffold’s reporting season calendar which lists some popular ASX companies' reporting dates so you can keep track of results as they’re released to the stock exchange.
Wednesday, July 12, 2017
Kim Jong-Un has constantly focused on strengthening North Korea’s nuclear abilities since his coronation in 2011 after the sudden death of his father, Kim Jong-il. Under Kim Jong-Un’s leadership, North Korea has rapidly evolved into a nuclear giant. The country has steadily increased its nuclear firepower with the development of powerful, state-of-the-art nuclear weapons and long-range missiles.
Monday, July 10, 2017
• Investors ponder upon relatively hawkish views from the central banks in the US and Europe.
• European markets edge higher as investor sentiment remains largely positive.
• Domestic economic cues direct Asian markets.
Friday, July 07, 2017
According to IMF’s report published in February 2017, Greece’s tax debt to the state climbed to €94.2 billion or close to 55% of GDP in November 2016. Interestingly, 80% of this debt belongs to less than 1% of debtors, which depicts a skewed distribution of debt among a relatively small number of debtors. Moreover, Greece’s tax collection rates (ratio of tax collection to assessment) have been consistently declining since the crisis, falling to 45% in 2015 from 75% in 2010.
Wednesday, July 05, 2017
At the stroke of midnight of 1 July 2017, Prime Minister Narendra Modi led Indian government’s roll out of Goods-and-Services Tax (GST) in a function held at the historic ‘Central Hall’ of the parliament. Billed as the country’s biggest tax-reform since independence, GST is meant to simplify the country’s messy indirect-tax structure. The launch of GST transformed India into a unified tax region by subsuming multiple and complex indirect-taxes, including state levies.
Tuesday, July 04, 2017
Long a staple of many Australian portfolios and super funds, the ‘Big Australian’ has significantly underperformed the ASX200 over the last few years. Culminating in an annus horribilis in 2015 that saw shareholder value fall by nearly half, BHP’s share price has since staged a strong recovery, and is currently trading around the $23-24 mark after climbing out of the $14 depths it reached in early 2016. Similarly, its 2017 dividend has been announced as 52c/share, comparing favourably with 2016’s disappointing 22c payout. Despite the near 100% rise in 2016, BHP has still significantly underperformed the broader SP/ASX200 index over the last few years.
Monday, July 03, 2017
• Political uncertainty, profit booking weighs on US markets.
• Strengthening currency drags European markets lower.
• Positive economic data powers China.
Wednesday, June 28, 2017
On 20 June 2017, Morgan Stanley Capital International (MSCI), a widely tracked provider of global indices, announced its decision to add China’s local currency shares (A-shares) to the MSCI Emerging Markets Index. MSCI will include around 222 large-cap Chinese equities in the index from June 2018, along with other international indices that cover Chinese stocks. The long-awaited decision, which came after three previous rejections by the global index provider, brought cheer to China’s stock markets. MSCI’s decision is seen as an acknowledgement of the progress made by China in opening its capital markets.