BANKING & FINANCE

Australia Markets (Opening Calls) 29 December 2011

The S&P 500 fell 1.3% on a forex related move, after EUR/USD traded down to an eleven-month low.Among the major averages, the Dow Jones Industrial Average fell 1.1% to 12151. The S&P pulled back 1.3% to 1249, below its 200-day moving average, while the NASDAQ dropped 1.1% to 2267.

Who will be the Top Fixed-Income Manager for the Year?

Morningstar has again launched its yearly pick for the top fixed-income managers of the year. The tough criterion will again focus on how these managers delivered outstanding returns based on a sound strategy for the long term and not just on the highest returns made for the fiscal year.

The tax summit's super challenge

Summits are there to be climbed. But there is no doubt when it comes to tax summits a lot of preparation, planning and public debate is required before anything resembling success looms into sight.
More news

Poll: China to Grow Less Than 5% by 2016

China needs to re-work its economic policies and growth strategies if it wants to continue enjoying a more than 9 percent annual growth, which catapulted it to become the world's second-largest economy now, otherwise it is also doomed to suffer what the U.S. and Europe are presently experiencing.

China Massively Imports Soy and Rapeseed Oil to Grow More

China's massive importation of soybean and rapeseed oil, including palm, is seen to cause a global imbalance in the production and supply chain of the commodity, Hamburg-based researcher Oil World said.

Copper Prices Post Gains

Hopes of a coordinated European bailout plan propelled copper futures to end sharply higher Tuesday, with December delivery reaching 15.65 US cents, or 4.5 per cent, to $US3.4395 per pound on the Comex division of the New York Mercantile Exchange.

Gold Regains Foothold

Gold futures on Tuesday regained its foothold after a three-day slide on a weakened U.S. dollar and renewed investor confidence fuelled by encouragement that European fiscal regulators are working overtime on a bailout fund to address the region's debilitating sovereign-debt crisis.

Investors prefer Australia's futures market

Australia's interest rate futures have attracted the interest of most investors, who have considered them a safe haven from the European debt crisis.

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