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Woolworths attempted to / the Bunnings Party with its Masters home improvement chain has turned into a nightmare. It lost more than 100 million dollars in the latest half year, and there’s no sign yet of a turnaround. Wool still bullies1 supermarkets and now getting thrashed by coals. The Cheap Cheap Campaign apparently2 didn’t work as well as coals down down. So it looks like Masters’ effort not only hasn’t worked to big destruction from main business groceries, all of which come as a shock to investors3 today, and they slashed4 the price nearly 10%.
But they didn’t rush off by shares and coals. Its owner Wesfarmers also fell. But another retailer5 Harvey Norman went up after posing a 27% increase in profit. Medibank Private shares also went up after a health and insurance price increase of 6.2% was announced. And CBA and CSL plowed6 into 90s. Overall, the market edged higher, following the slight fall on Wall Street last night, but sold gains in Europe.
Now, the things have gone quiet on the great front markets focusing on the European version of / which starts in March.
Oil suffered another big fall last night. The Iron Ore Spot fell a bit too while gold and copper7 went up.
Credit growth remained fairly solid in January. In fact, the annual growth rate is the strongest since been for six years. And this growth put the credit situation into contest. Thirty years ago, households and business borrowings were both 25% of GDP. Now household credit is at 100% of GDP thanks mainly to a huge lift in housing investment while business investment is half that, having been flat as the proportion of the economy for 15 years. Finally, the Aussie dollar is down to 77.9 tonight, but only because the US dollar had a bit of the surge. And that’s finance.
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1 bullies | |
n.欺凌弱小者, 开球 vt.恐吓, 威胁, 欺负 | |
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2 apparently | |
adv.显然地;表面上,似乎 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 slashed | |
v.挥砍( slash的过去式和过去分词 );鞭打;割破;削减 | |
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5 retailer | |
n.零售商(人) | |
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6 plowed | |
v.耕( plow的过去式和过去分词 );犁耕;费力穿过 | |
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7 copper | |
n.铜;铜币;铜器;adj.铜(制)的;(紫)铜色的 | |
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