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Press and Media Mentions
ASX Update: Miners drag; Evergrande makes payment
Featured On: The Market Herald
“Investors seem to be becoming used to the idea of hot inflation,” Kalkine Group CEO Kunal Sawhney said. “With stocks reaching new highs, investors and traders can brace themselves for wild market swings amid inflationary pressures in the days ahead.”
Read Original Article...Will Australia’s tourism business fall in the next few months?
Featured On: Global Travel Media
Australia has now started to step into international tourism once again after a break of about 18 months. However, there is no fixed plan yet though according to the tourism minister’s statement, international travel would resume for Australia after Christmas.The news of resumption seems all flashy; however, the industry runners know that things are not easy-going. There is a lot of hustle reading vaccine recognition across countries, problems with airlines as many got shut during the pandemic. And, above all, not many people are yet comfortable with international travel because of COVID-19.Thus, the industry runners expect at least a year to get on track again like the pre-pandemic times.Tourism operators are desperately waiting for businesses to pick up steam once again. Many are expecting the federal government to come forward for the tourism industry. The sector needs external assistance, or else further unemployment and losses could be incurred. SOURCE: KALKINE MEDIA
Read Original Article...Gains in financials, BHP lift Australia stocks
Featured On: Market Screener
"The major banks are also seen to be harnessing the benefits of a recent uptick in Australian 10-year bond yield, which seems to have increased the attractiveness of the financial stocks,” said Kunal Sawhney, chief executive of equity research firm Kalkine Group.
Read Original Article...Gains in financials, BHP lift Australia stocks
Featured On: Daily Advent
"The major banks are also seen to be harnessing the benefits of a recent uptick in Australian 10-year bond yield, which seems to have increased the attractiveness of the financial stocks,” said Kunal Sawhney, chief executive of equity research firm Kalkine Group.
Read Original Article...ASX Close: Earnings overshadow rates, inflation worries
Featured On: The Market Herald
“Strong corporate earnings helped counter concerns emerging from elevated inflation,” Kalkine Group CEO Kunal Sawhney said. “Investors were primarily impressed with the earnings at Johnson & Johnson and Travelers Cos., which were better than analyst expectations.“While investors kept looking for signs that profit margins might be affected by higher costs, corporate earnings managed to overshadow concerns around supply chain disruptions and the COVID-19 Delta variant.”“Concerns loom that rising prices will put upward pressure on the input costs of corporates, which will eventually pass on high prices to consumers,” Mr Sawhney said. “Besides, speculations are rife that higher energy prices could trigger demand destruction and cap US economic growth, which might lead to a return of 1970s style ‘stagflation’.”
Read Original Article...Gains in financials, BHP lift Australia stocks
Featured On: Reuters
"The major banks are also seen to be harnessing the benefits of a recent uptick in Australian 10-year bond yield, which seems to have increased the attractiveness of the financial stocks,” said Kunal Sawhney, chief executive of equity research firm Kalkine Group.
Read Original Article...