Money
The Aussie fashion store bucking the COVID retail trend
The retail sector could be ready for a comeback, in Australia at least.
Universal Store has strengthened sales heading into the second half of 2021 with March quarter sales up 39.6 per cent.
The company floated on the ASX in November in an $280m IPO.
In an investor presentation, Universal Stores says like for like combined store and online sales for the quarter were better by 37.3 per cent.
“We are seeing our customers resume more aspects of their social lives with CBDs continuing to recover along with a return to domestic tourism.”
This reflects an acceleration of its sales performance from the first half of 2021.
Store sales were better by 19.1 per cent and online sales were up by 128.3 per cent.
However, Universal Store admits it is now entering an uncertain period where comparative sales measure becomes less meaningful.
It said some pre-COVID shopping patterns were beginning to emerge.
Money
US dollar strength hits NZ dollar amid FX market shifts
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.
Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.
We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.
Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.
Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
Australia jobs, market trends, and tariff ruling: What investors need to know
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.
Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.
Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.
#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews
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