Stock Market
Stock Market
Is Telstra Good Value?
Telstra stockWe’ve got Telstra Corporation Ltd [ASX:TLS] to consider. Its share price declined 6.6% yesterday, after falling nearly 5% the day before. The trigger for the fall was a profit downgrade, followed by a realisation that the company doesn’t have a strategy to deal with the loss of earnings due to the NBN rollout, or increasing competition in mobiles, which is where Telstra has a dominant position.
Bond Yield Breakout
Platinum sare price rise, stock market, investors, bondHere’s a general gist of the headlines over the past week or two… Global capital is flowing out of emerging markets. Bond prices in this sector are falling (meaning yields are rising) along with currencies and equity markets. Argentina has had to jack interest rates up to 40% to protect its currency, and then they still had to bring in the IMF for a bailout package.