This is a controversial view as it has the potential to undermine the stability of our whole nation’s economy. Our banking sector is built on a foundation of housing mortgages.
2018 has for the most part been a year to forget for CBA, well in fact it’s been a year that all the big four banks would like to forget I’m sure. CBA’s share price has fallen by over 10% within the last year, however the stock has been making a slow, but steady recovery over the last month. Find out why here...
Today, I’ll take a look at the Aussie dollar gold price, which adjusts for the difference between the US and Aussie dollar exchange rate. This is a far more important price to watch for Aussie gold stock investors.
As far as the timing on that goes, it might pay to keep an eye on the gold price. It’s been under pressure lately, at least in US dollar terms.
As we all know the British public say ‘YES’ to Brexit. This result shocked a lot of people. Actually it really just shocked middle and upper class people from London. Everyone else in the country was sick of being the EU’s whipping boy and they wanted their Britain back.
Flight Centre Travel Group Limited [ASX:FLT] is the largest retail travel outlet in Australia. Founded in 1982, the company provides a complete travel service for leisure and business travellers in Australia and around the world. The share price is up 4.19% for the day.
Shares of Zelda Therapeutics Ltd [ASX:ZLD] climbed over 2% in today’s first half hour of trading. Shares are trading at $0.090 at the time of writing, a 2.27% rise for the day. The company brings together leading researchers and clinicians in the study of medical cannabis.
US stocks jumped again overnight. Investors are clearly trying to get in ahead of what they think will be some pretty impressive earnings announcements over the next few weeks.
Cabcharge Australia Limited [ASX:CAB] is an Australian company that provides personal transport solutions. Founded in 1976, Cabcharge is an account payment system that provides taxi passengers a way to pay for taxi fares without cash. At time of writing, the stock was up 8.94% for the day.
For over a year, shares in our big four banks have been trending down. Go back even further, and their share prices have barely moved in a decade. In May 2017, Australia’s largest bank (and biggest stock), Commonwealth Bank of Australia [ASX:CBA], got within a whisker of $88. Fast forward to June 2018, CBA’s share price traded below $68 — a fall of around 23%. It’s not just CBA feeling the pinch, though.