Steve Daghlian
๐ค SpeakerAppearances Over Time
Podcast Appearances
It is down 3.6%.
It is falling for a seventh consecutive day.
Now, it's going to release its half-year results in two weeks, but ahead of this, it said that it's raising its provisions for bad debt, so the amount of money it's putting aside if things go pear-shaped.
This is ahead of its results, as I said, but it's going to include around $706 million in impairments due in part to the potential impact of the Iran conflict and
on Aussie businesses and the economy as well.
I think there's a lot to watch this week.
Very quiet on the economic front.
Of course, the US-Iran situation is going to be key.
We've got a really big week for quarterly updates.
So we've already heard from some.
You mentioned Viva.
But also this week, BHP on Wednesday, Paladin, ResMed.
South32 will be out with updates.
On Thursday, you've got Fortescue, Sandfire, Santos, Mervac.
It's also pretty busy on the US earnings front.
So week two of the profit reporting season.
Last week, a lot of the major US banks came out with their numbers.
This week, there'll be stocks like IBM, Boeing, AT&T, and Tesla that will do the same.
Yeah, I think they're upset.
Have a good evening, everyone.