A capital moment: Companies tipped to refrain from flashing cash
Capital management will improve at the next earnings season but the rewards might not be the windfall investors think.
Senior markets reporter
Capital management will improve at the next earnings season but the rewards might not be the windfall investors think.
Fund manager Peter Hall appears to have dusted a chunk of his significant personal fortune with his abrupt departure from the $1 billion-plus asset manager that bears his name.
Investors can now short resources stocks because China's stimulus is finite and raw materials demand collapses without it.
Households are overgeared and the RBA might have to cut interest rates up to three times to ward off a dramatic deleveraging event.
Somehow the ECB has convinced markets that it is both reducing and extending stimulus.
The sharemarket showed no concern that the Australian economy contracted last quarter while bond yields fell.
The gap between listed and unlisted is definitely wide, but that's almost impossible to measure.
Markets are braced for a full calendar of events in Europe beginning with the Italian referendum on Sunday where polls indicate a win for the 'no' camp.
Investors are growing in their conviction that the bottom for global yields is in the rear-view mirror.
The rally in coal and iron ore prices won't buy Treasurer Scott Morrison more time in the eyes of S&P.;
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