{
Westpac Banking Corporation

Companies

}
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001122334455554433221100

RBA Dovish Shift Drives AUD USD Lower Amid Market Volatility

AUD/USD ended last week at 0.6362, down 0.42%, near one-year lows, influenced by the RBA's dovish pivot and strong domestic jobs data. The pair's decline accelerated after the RBA indicated confidence in declining inflation, raising the likelihood of a February interest rate cut to 65%. As the US dollar strengthened due to positive CPI and PPI readings, AUD/USD's volatility continued, with a critical support zone at 0.6370-0.6335. Holding above this level could lead to a bounce towards 0.6450-0.6470, while a drop below may test lower levels.
IG
United States Dollar Australian Dollar Westpac Banking Corporation AUS USA Show more
Finance & Economy, Market Report
06:13 16.12.2024

big four australian banks face scrutiny over valuations and future growth prospects

The "Big Four" Australian banks are facing scrutiny as analysts warn of overvaluation, particularly the Commonwealth Bank of Australia (CBA), which is trading at a P/E ratio nearly double the long-term average. Despite a strong bullish trend, many experts recommend caution, with predictions of a potential 30% decline in banking stocks next year. Westpac is seen as the best option among the group, while ANZ is favored for its growth potential despite integration risks from its Suncorp acquisition.
IG
United States Dollar Australian Dollar National Australia Bank Ltd Australia and New Zealand Banking Group Ltd Westpac Banking Corporation Commonwealth Bank of Australia AUS Nick Morton Martin Lakos Juliette Saly John Storey Nathan Zaia Show more
TradFi, Market Report
01:17 04.12.2024

westpac banking corporation upgraded to buy by ubs analysts

Westpac Banking Corporation, an Australia-based financial services provider, operates primarily in Australia and New Zealand, with a minor presence in Europe, North America, and Asia. Its operations are divided into segments including Consumer, Business and Wealth, Westpac Institutional Bank, and Westpac New Zealand, offering a wide range of banking products and services to various client types.
MarketScreener
Westpac Banking Corporation AUS NZL
TradFi, Market Report
11:35 02.12.2024

asx 200 rises slightly amid mixed sector performances and job growth data

The ASX 200 rose 16 points (+0.20%) to 8209 as of 2.30pm AEDT on 14 November 2024, amid mixed labour market signals. The Australian economy added 15,900 jobs in October, below expectations, while the unemployment rate remained steady at 4.1%. In the banking sector, Commonwealth Bank shares hit a record high following a strong Q1 profit report, while the IT sector also saw significant gains. Conversely, the gold sector faced declines, and iron ore prices dipped below $100, affecting major miners.
IG
Singapore Dollar Australian Dollar Euro United States Dollar Macquarie Group Limited Mineral Resources Limited Fortescue Ltd National Australia Bank Limited BHP Group Limited ANZ Asia Ltd. Commonwealth Bank of Australia Rio Tinto Westpac Banking Corporation AUS Richard White Show more
TradFi, Market Report
06:08 14.11.2024

legal operations specialists driving digital transformation in corporate legal teams

Legal operations specialists are transforming in-house legal teams through technology and AI, enhancing efficiency and collaboration. Leaders from companies like Iberdrola, ASML, Salesforce, Honeywell, and Westpac are implementing innovative solutions to streamline contract processes, reduce costs, and improve productivity, with significant time savings reported across various tasks.
@FinancialTimes
Iberdrola, S.A. ASML Holding N.V. Honeywell International Inc. Salesforce, Inc. Westpac Banking Corporation AUS NLD ESP USA Rosario Alonso Petra Stirling Antonello Gargano Barbara Rogers Léo Murgel Show more
Technology & Innovation, News Article
15:45 12.11.2024

asia-pacific markets decline as softbank reports strong profit growth

Asia-Pacific markets mostly declined as the U.S. postelection rally failed to boost regional sentiment. Softbank Group is set to report a profit of 286.8 billion yen for Q2, reflecting over 100% year-on-year growth, while Australian consumer sentiment rose 5.3% in November amid easing financial pressures. Chinese markets are under scrutiny following a disappointing debt swap program, prompting investors to adopt a long-term perspective. Meanwhile, the iShares Bitcoin Trust ETF has surpassed the iShares Gold Trust in assets under management, marking a significant milestone in the crypto space.
CNBC
Japanese Yen Chinese Yuan United States Dollar SoftBank Group Corp. Westpac Banking Corporation SPDR Gold Shares iShares 0-5 Year TIPS Bond ETF AUS JPN USA CHN Matthew Hassan Donald Trump Jeff Cox Jordan Cvetanovski Jerome Powell Show more
Finance & Economy, Market Report
00:52 12.11.2024

asx 200 declines as rba holds rates steady amid inflation concerns

The ASX 200 is down 24 points (-0.55%) at 8140 as markets await the US election and the RBA's decision to maintain interest rates at 4.35% for the eighth consecutive meeting. Despite a decrease in headline inflation, underlying inflation remains high, prompting the RBA to defer rate cuts until targets are met.In the banking sector, major banks fell following a downgrade of Westpac, while the mining sector saw gains amid hopes for fiscal stimulus from China's NPC meeting. The ASX 200 is currently positioned between key support at 8110-8100 and resistance around 8350-8360, indicating potential for significant movement.
IG
United States Dollar ANZ Asia Ltd. Macquarie Group Limited Mineral Resources Limited Fortescue Ltd Rio Tinto Westpac Banking Corporation BHP Group Limited CBA A320 Aircraft NO1 PTY Ltd. AUS CHN Mineral Resources Westpac ANZ CBA Macquarie Show more
TradFi, Market Report
07:00 05.11.2024

ASX 200 declines amid economic concerns and cautious retail sales data

The ASX 200 is down 21 points (-0.26%) at 8159, on track to finish October approximately 1.3% lower after a record high of 8384. Retail sales rose only 0.1% in September, indicating cautious consumer behavior, while Woolworths shares fell 2.3% following a profit warning amid cost-of-living pressures. In contrast, Coles reported stable sales growth and avoided a profit warning, though its shares slipped 1.02%.
IG
Australian Dollar United States Dollar Mineral Resources Limited Westpac Banking Corporation National Australia Bank Limited Coles Group Limited AGL Energy Limited ANZ Asia Ltd. Woolworths Group Limited CBA A320 Aircraft NO1 PTY Ltd. CHN AUS USA GBR Chris Ellison Gina Rinehart Show more
TradFi, Market Report
06:03 31.10.2024

australian banks face earnings pressure as interest rates decline

Australian banks are facing pressure to justify their high equity valuations as they prepare to report earnings amid declining interest rates and rising competition. Analysts predict a drop in the core profit measure, the spread between loans and deposits, for major lenders like Westpac, National Australia Bank, and ANZ over the next year, potentially impacting this year's stock rally.
Bloomberg.com
National Australia Bank Limited Westpac Banking Corporation ANZ Group Holdings Ltd. AUS Show more
Finance & Economy, Market Report
21:18 30.10.2024

ASX 200 gains momentum ahead of key US earnings and inflation data

The ASX 200 rose 29 points (0.36%) to 8250, marking a potential third consecutive day of gains amid lighter trading volumes. Key upcoming events include US tech earnings and Australian Q3 inflation data, with expectations that a lower trimmed mean inflation could prompt an RBA rate cut. Notable stock movements included ZIP surging 12.37% after a strong Q1 update, while major banks and mining stocks also saw gains ahead of their quarterly reports.
IG
Australian Dollar United States Dollar Westpac Banking Corporation Mineral Resources Limited Rio Tinto National Australia Bank Limited BHP Group Limited WiseTech Global Limited Myer PTY Ltd. Alphabet Inc. Premier Investments Limited ANZ Asia Ltd. Appen Limited Tyro Payments Limited Fortescue Ltd CBA A320 Aircraft NO1 PTY Ltd. Macquarie Group Limited AUS USA BHP Rio Tinto FMG Mineral Resources Premier Investments Show more
TradFi, Market Report
06:26 29.10.2024
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