Australia is the world’s largest producer and a major exporter of iron ore. One of the critical components of construction and infrastructure industry steel is made from iron ore. Prices of iron ore have fallen to $90 per ton as of early December due to reduced demand from China. Further price declines are expected. As …
One of the main factors that is important for success with investing in equities is the art of diversification and having patience. Diversification can be achieved in many ways such as spreading over one’s assets over different asset classes, countries, regions, sectors, etc. The benefits of this strategy was widely made popular with the Callan …
The Reserve Bank of Australia has published the updated snapshots of the Australian Economy. The following two are interesting with data as of Feb, 2022. The composition of the economy shows that natural resources account for about 69% of exports and the largest export market is China. The average price of a residential dwelling at …
Continue reading ‘The Composition and Key Indicators of the Australian Economy: Infographic’ »
The ADR of Australian Bank Westpac ADR used to trade on the NYSE under the ticker WBK. Westpac voluntarily delisted its ADRs from the NYSE effective January 31, 2022. Hence the last day WBK traded on the NYSE was Friday, Jan 28, 2022. Below is the delisting announcement from the bank’s site: 10 January 2022 WESTPAC …
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The US and Australian economies are vastly different. The Australian economy is resource-based and more like the economy of Canada. Accordingly the Australian equity market is also highly concentrated in the mining of minerals and the financial sectors. The US equity market on the other hand has a low weightage of the minerals sector and …
Continue reading ‘Comparing the Stock Market Weightings of Australia and USA’ »