CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes

2
Comment
Favorite

CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes

The Australian Financial Review05-09

Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Chapman Investment inc
·05-09
🤑🤑🤑
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1161024854?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-09 08:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1161024854","market":null,"top_or_hot":-1,"title":"CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes","media":"The Australian Financial Review","content":"<div>\n<p>Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan\">Source Link</a>\n\n</div>\n","source":"afr_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-09 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan","article_id":"1161024854","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161024854","pubTimestamp":1715214600,"sourceInfo":{"source_id":"afr_stock","name":"The Australian Financial Review"},"weMediaInfo":null,"summary":"Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading updat","collect":0,"end_time":0,"defaultTopTitle":"afr.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"translate_title":"CBA领跌ASX；JB Hi-Fi，婴儿彩旗沉没于零售业困境","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":1.1,"XJO.AU":1.1,"XKO.AU":1.1},"content_text":"Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading updates suggesting consumers are spending less as the cost of living increases.Shares in JB Hi-Fi tumbled 5 per cent to $56.98 after the retail darling posted flat sales for the March quarter. Elsewhere, Baby Bunting stock plunged 15 per cent to $1.61 after it warned sales are falling as families battle rising living costs.While Super Retail as the group behind Rebel Sports, Supercheap Auto and Boating, Camping, Fishing dropped 4.9 per cent on its sales update.CBA’s cash profit for the March quarter slipped 5 per cent to $2.4 billion, versus the prior comparable quarter.It said home loan lending volumes grew 3.1 per cent in the March quarter on an annualised basis, versus the December quarter. It also reported loans in arrears gradually rising across the consumer sector.On Wall Street, S&P 500 slipped less than 1 point at the close. The Dow edged higher, while the Nasdaq Composite edged lower. Iron ore retreated, which knocked BHP and Rio in London.“Iron ore futures fell despite a more upbeat assessment on demand,” said ANZ Bank. “One of the world’s biggest exporters, Brazil’s Vale SA, said China’s real estate market is poised to improve in the second half of the year. It pointed to government stimulus as a reason for its more bullish outlook. It also sees strong demand from the infrastructure and manufacturing sectors.”Sweden’s central bank unexpectedly cut its key rate by a quarter point to 3.75 per cent.Bank of England policymakers meet later on Thursday. Evercore ISI said: “We think the statement will open up the possibility of cutting in June, though we do not expect a clear-cut ECB-type signal that June is a go.“.Stocks in focusBaby Bunting has downgraded its profit guidance and warned consumers are being hit by rising living costs.Other retailers including JB Hi-Fi and Super Retail have posted flat sales growth for the nine months to March 31.Judo Bank has stuck to guidance, but warned bad debt provisions jumped in the March quarter.Orica has grown its earnings before interest and tax 10 per cent for the six months to March 31, but warned it’s seeing cost inflatio","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":303900603846800,"gmtCreate":1715214742255,"gmtModify":1715214745323,"author":{"id":"4146275867768112","authorId":"4146275867768112","name":"Chapman Investment inc","avatar":"https://community-static.tradeup.com/news/efaa44f3e8b9cb60278bee954bf7231a","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"🤑🤑🤑","listText":"🤑🤑🤑","text":"🤑🤑🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303900603846800","repostId":1161024854,"repostType":2,"repost":{"id":"1161024854","pubTimestamp":1715214600,"share":"https://www.laohu8.com/m/news/1161024854?lang=&edition=full","pubTime":"2024-05-09 08:30","language":"en","title":"CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1161024854","media":"The Australian Financial Review","summary":"Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading updat","content":"<html><head></head><body><p>Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.</p><p style=\"text-align: start;\">Multiple retailers also fell on trading updates suggesting consumers are spending less as the cost of living increases.</p><p style=\"text-align: start;\">Shares in JB Hi-Fi tumbled 5 per cent to $56.98 after the retail darling posted flat sales for the March quarter. Elsewhere, Baby Bunting stock plunged 15 per cent to $1.61 after it warned sales are falling as families battle rising living costs.</p><p style=\"text-align: start;\">While Super Retail as the group behind Rebel Sports, Supercheap Auto and Boating, Camping, Fishing dropped 4.9 per cent on its sales update.</p><p style=\"text-align: start;\">CBA’s cash profit for the March quarter slipped 5 per cent to $2.4 billion, versus the prior comparable quarter.</p><p style=\"text-align: start;\">It said home loan lending volumes grew 3.1 per cent in the March quarter on an annualised basis, versus the December quarter. It also reported loans in arrears gradually rising across the consumer sector.</p><p style=\"text-align: start;\">On Wall Street, S&amp;P 500 slipped less than 1 point at the close. The Dow edged higher, while the Nasdaq Composite edged lower. Iron ore retreated, which knocked BHP and Rio in London.</p><p style=\"text-align: start;\">“Iron ore futures fell despite a more upbeat assessment on demand,” said ANZ Bank. “One of the world’s biggest exporters, Brazil’s Vale SA, said China’s real estate market is poised to improve in the second half of the year. It pointed to government stimulus as a reason for its more bullish outlook. It also sees strong demand from the infrastructure and manufacturing sectors.”</p><p style=\"text-align: start;\">Sweden’s central bank unexpectedly cut its key rate by a quarter point to 3.75 per cent.</p><p style=\"text-align: start;\">Bank of England policymakers meet later on Thursday. Evercore ISI said: “We think the statement will open up the possibility of cutting in June, though we do not expect a clear-cut ECB-type signal that June is a go.“.</p><h2 id=\"id_4131936270\" style=\"text-align: start;\">Stocks in focus</h2><p style=\"text-align: start;\">Baby Bunting has downgraded its profit guidance and warned consumers are being hit by rising living costs.</p><p style=\"text-align: start;\">Other retailers including JB Hi-Fi and Super Retail have posted flat sales growth for the nine months to March 31.</p><p style=\"text-align: start;\">Judo Bank has stuck to guidance, but warned bad debt provisions jumped in the March quarter.</p><p style=\"text-align: start;\">Orica has grown its earnings before interest and tax 10 per cent for the six months to March 31, but warned it’s seeing cost inflatio</p></body></html>","source":"afr_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCBA Leads ASX Lower; JB Hi-Fi, Baby Bunting Sink on Retail Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-09 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://www.afr.com/markets/equity-markets/asx-to-slip-cba-trading-update-pending-20240509-p5iaan","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161024854","content_text":"Australian shares dropped 0.4 per cent at the open as Commonwealth Bank’s March quarter profit prompted investors to sell the lender and its banking peers.Multiple retailers also fell on trading updates suggesting consumers are spending less as the cost of living increases.Shares in JB Hi-Fi tumbled 5 per cent to $56.98 after the retail darling posted flat sales for the March quarter. Elsewhere, Baby Bunting stock plunged 15 per cent to $1.61 after it warned sales are falling as families battle rising living costs.While Super Retail as the group behind Rebel Sports, Supercheap Auto and Boating, Camping, Fishing dropped 4.9 per cent on its sales update.CBA’s cash profit for the March quarter slipped 5 per cent to $2.4 billion, versus the prior comparable quarter.It said home loan lending volumes grew 3.1 per cent in the March quarter on an annualised basis, versus the December quarter. It also reported loans in arrears gradually rising across the consumer sector.On Wall Street, S&P 500 slipped less than 1 point at the close. The Dow edged higher, while the Nasdaq Composite edged lower. Iron ore retreated, which knocked BHP and Rio in London.“Iron ore futures fell despite a more upbeat assessment on demand,” said ANZ Bank. “One of the world’s biggest exporters, Brazil’s Vale SA, said China’s real estate market is poised to improve in the second half of the year. It pointed to government stimulus as a reason for its more bullish outlook. It also sees strong demand from the infrastructure and manufacturing sectors.”Sweden’s central bank unexpectedly cut its key rate by a quarter point to 3.75 per cent.Bank of England policymakers meet later on Thursday. Evercore ISI said: “We think the statement will open up the possibility of cutting in June, though we do not expect a clear-cut ECB-type signal that June is a go.“.Stocks in focusBaby Bunting has downgraded its profit guidance and warned consumers are being hit by rising living costs.Other retailers including JB Hi-Fi and Super Retail have posted flat sales growth for the nine months to March 31.Judo Bank has stuck to guidance, but warned bad debt provisions jumped in the March quarter.Orica has grown its earnings before interest and tax 10 per cent for the six months to March 31, but warned it’s seeing cost inflatio","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}