Commodity Brokers News
Brokers Downgrade Shares Of Local Manufacturers
Monday November 24, 1997
Profit outlooks for industrial stocks are to come under pressure in the coming months as the companies struggle to overcome the dual impact of weak domestic growth and economic turmoil in Asia. The earnings revisions follow a round of savage cuts to forecast profits of resource companies due to lAni Profits Reviewed As Asia Joins Problems List
Saturday November 22, 1997
After years of battling problems with its misguided European investments, Australian National Industries has found another obstacle to its profit recovery - uncertainty in Asia and plummeting commodity prices. On Wednesday, ANI's share price slumped to a low of $1.25, levels not seen since earlyAsia's Woes Make Market Jittery
Saturday November 8, 1997
Further wobbles on Asian markets filtered through to Australian stock prices yesterday, sparking fears of another serious correction next week. Brokers described the 2.2 per cent slide as alarming and warned that markets throughout the world could be in for a new round of turbulence. SpeculatiNews Archive
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