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Xero CEO frustrated with Aussie investors

Rod Drury, ceo of New Zealand-based cloud accounting software firm Xero, is frustrated with local investors. The reason? He believes they don't understand software companies like Xero. Although listed on the New Zealand Exchange since 2007 and the ASX since 2012, Xero has found it easier to raise expansion capital from foreign investors such as Peter Thiel, co-founder of PayPal and also an early investor in Facebook.

24 Jul 2015
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Another nervous day for resource stocks

A night of selling on international markets suggests that some commodity markets may be entering another capitulation phase as prices in oversupplied commodities continue the process of adjusting to levels that will force production cuts.

24 Jul 2015
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Selling slows as commodities warn

European and US shares traded under pressure for the second session in a row overnight as post Grexit increases were further trimmed. Bonds are the major beneficiary, rallying across the board, while US shares continued to retreat despite some upbeat company results and a positive surprise on existing home sales.

23 Jul 2015
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Sell Global, Buy Local

Selling pressure emerged across asset classes overnight. Many attributed the weakness in shares, the USD and bond markets to lower than expected result from IBM and market disappointment with Apple. However, this is "after the fact" reasoning, and a global trimming of portfolios after an eight day rally is a more likely explanation for the general malaise.

22 Jul 2015
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Cautious Optimism to Continue

Further gains for Asia Pacific shares are likely today as overnight markets continued their rise on European optimism, despite concerns raised by US stocks reporting weaker than expected revenues and earnings. Additionally, a stronger USD is casting a shadow, and resulting weakness in commodity prices may curtail any lift in share markets.

21 Jul 2015
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