This week is all about confirmation of our top-down macro views.
Vittorio Hernandez Jan 19, 2015
Losses almost doubled on the Australian market this afternoon with the ASX 200 Index slumping by 0.6 per cent. The mining sector's gains were wiped out in late trade with only the defensive telcos and consumer staples managing to rise modestly.
Vittorio Hernandez Jan 16, 2015
Australian shares are falling for the fifth straight day with the ASX 200 Index down by 0.7 per cent. This takes the falls this week to 3 per cent; making it the worst week since June 2013 for local stocks. This is also only the third time in 12 months the ASX 200 has lost ground from Monday through to Friday.
Vittorio Hernandez Jan 16, 2015
While European equities continued to rally, the real story was in the FX space where the move made by the Swiss National Bank (SNB) surprised global markets.
Vittorio Hernandez Jan 16, 2015
The Swiss National Bank has removed its 3-year old cap of the franc against the Euro, sending the Swiss franc soaring against major currencies.
Vittorio Hernandez Jan 16, 2015
Local shares extended this week's losses, with the market again held back by heavy falls in the materials sector. A weak lead from Wall Street also weighed on investor sentiment. Overnight markets sold off on weak metal prices, US retail sales for December coming in weaker than expected and poor earnings results from large cap banking stocks.
Vittorio Hernandez Jan 15, 2015
Australian shares are sliding for the fourth day despite the creation of seven times more jobs than expected in December. The ASX 200 Index is down 0.6 per cent following falls in US markets overnight and weaker base metal prices.
Vittorio Hernandez Jan 15, 2015
The Nova Scotia Demand: Express Entry gives applicants the opportunity to settle down in Canada even without a job offer.
Esther Tanquintic-Misa Jan 15, 2015
Weaker US retail sales helped reverse attempts to drive AUD/USD lower on the back of falling copper prices.
Vittorio Hernandez Jan 15, 2015
Volatility is feeding erratic trading; headlines such as 'meltdown', 'rout' and 'collapse' increase volatile trading and are adding to the overall trade pressure.
Vittorio Hernandez Jan 15, 2015
In US economic data, retail sales fell by 0.9% in December, well below expectations for a 0.1% fall. Excluding gas stations and autos, sales were down 0.3%. Import prices fell by 2.5% in December and export prices fell by 1.2%.
Vittorio Hernandez Jan 15, 2015
Australian shares faded this afternoon to post the biggest tumble in a week, with the ASX 200 Index (XJO) slumping by 0.9 percent to 5353. The local market has now fallen for three consecutive days - with equities dragged lower by weaker commodity prices and a negative lead from Wall Street.
Vittorio Hernandez Jan 14, 2015
Australian shares are losing ground for the third day in what has been a volatile start to the session. The ASX 200 Index is down 0.1 per cent with weaker commodity prices and softer US markets not helping.
Vittorio Hernandez Jan 14, 2015
The Australian Dollar has remained within the recent 0.8100-0.8200 range yesterday.
Vittorio Hernandez Jan 14, 2015
Plenty of risk, plenty of uncertainty and a good dash of fear has welcomed the markets to 2015.
Vittorio Hernandez Jan 14, 2015
In US economic data, a survey of small businesses - the NFIB business optimism index - rose from 98.1 to 100.4 in December. The JOLTS job openings index rose from 4.83 million to 4.972m in November. And chain store sales were up by 3.8% in the latest week on a year ago, down from the 4.3% gain in the previous week.
Vittorio Hernandez Jan 14, 2015
The market has managed to recover some of its earlier losses to finish the session in the middle of the day's range - helped by better-than-expected Chinese trade data. The All Ordinaries Index (XAO) slipped 17 points or 0.3 percent to 5,382, while the ASX 200 (XJO) lost 18 points or 0.3 percent to 5,404. Eight out of the 10 sectors closed lower.
Vittorio Hernandez Jan 13, 2015
Australian shares are falling for the second day with a falling oil price holding back mining and energy sectors most. The ASX 200 Index is down 0.7 per cent following Monday's 0.8 per cent tumble.
Vittorio Hernandez Jan 13, 2015
Oil prices have again been the stand out story overnight. Who breaks the stalemate and cuts production first, OPEC or US shale producers?
Vittorio Hernandez Jan 13, 2015
There is no escaping crude's effect on global markets. A fresh five-and-a-half-year low in both West Texas Intermediate (WTI) and Brent now see the oil prices well below US$50 barrel as it marches towards the expected support level of US$40 a barrel.
Vittorio Hernandez Jan 13, 2015
In US economic data, the employment trends index rose from 127.83 to 128.43 in December.
Vittorio Hernandez Jan 13, 2015
The Australian sharemarket has followed US and European markets into negative territory today - putting an end to a two-session rally. The All Ords (XAO) has closed near the day's lows, losing 0.7 percent to 5,399. While the ASX 200 (XJO) fell 0.8 percent to 5,422.
Vittorio Hernandez Jan 12, 2015
Australian shares have kicked off the trading week in the red following the best gains of the year on Friday. The ASX 200 Index is down 0.4 per cent with all sectors losing ground. This follows global sharemarket weakness and a drop in commodity prices.
Vittorio Hernandez Jan 12, 2015
Thousands joined a global unity rally in honour of those killed by extremists during the Charlie Hebdo attacks in Paris.
Jan 12, 2015
The Australian Dollar has opened around the .8200 level as US non-farm payroll numbers were better than expected but wage growth disappointed.
Vittorio Hernandez Jan 12, 2015
The US earnings season begins tonight and Australia's earning season begins in two weeks; expectations for the both are low at best.
Vittorio Hernandez Jan 12, 2015
In US economic data, non-farm payrolls (employment) rose by 252,000 in December, ahead of forecasts for a gain of 240,000. The unemployment rate fell from 5.8% to 5.6%. And average earnings fell by 0.2%, short of forecasts for a 0.2% gain. And wholesale sales fell 0.3% in November with inventories up 0.8%.
Vittorio Hernandez Jan 12, 2015
The local share market has wrapped up the last trading day of the week on a positive note, finishing close to the day's highs. The All Ords (XAO) jumped 80 points or 1.5 percent to 5,440, while the ASX 200 (XJO) climbed 84 points or 1.5 percent to 5,465.
Vittorio Hernandez Jan 09, 2015
The Australian sharemarket is off to its best start of the week with the ASX 200 Index up by 1 per cent. This is ahead of the single most important piece of data; the US non-farm payrolls (a monthly jobs report) out tonight at 12.30am AEDT.
Vittorio Hernandez Jan 09, 2015
The US market had its second day in the green yesterday, which saw it recoup over all its losses year-to-date.
Vittorio Hernandez Jan 09, 2015