Three events over the past 24 hours have influenced markets and currencies. Firstly, last night a report showed there were fewer jobs created in the US over Sept than many had hoped. This reduced the likelihood of an imminent tapering in the Fed's current stimulus strategy and also pushed markets and the Aussie dollar higher. Secondly, this morning, the latest Consumer Price Index (CPI) showed that prices rose by a more than expected 1.2 per cent over the September quarter; all but wiping out...
Diamond industry giant De Beers and Mountain Province Diamonds entered into a joint venture to develop the Gaheho Kue diamond mine in Northwest Territories.
The All Ordinaries Index (XAO) is rising for the seventh straight day; up 0.2 per cent and sitting at around a five year high. This makes it the longest winning streak in nine months and comes courtesy of some worse than expected US jobs numbers overnight.
By Peter Switzer, Switzer Super ReportFor all my subscribers who are getting worried about the soundness of Australian banks, well, I make one recommendation, and I do this with a heavy heart ? stop reading the Australian Financial Review!Don't get me wrong, I read this respected newspaper but ...
By Greg PeelThe Dow closed up 75 points or 0.5% while the S&P gained 0.6% to 1754 despite the Nasdaq only rising 0.
Tuesday afternoon trade for the ASX200 was marked by new highs being made in successive hours. The exception being the final hour of trade, when sellers gained some traction following comments from the Federal Treasurer. Mr Hockey spoke of the outlook for the 2013-14 Federal Budget deteriorating. The impact was modest and not enduring. The Aussie dollar dipped and recovered not long after the comments, although it had been in a downtrend all day. December 10-year bond futures were trading at 95....
lobal sugar prices have risen to a one-year high after a fire broke out at several warehouses in the southern Brazilian port of Santos last Friday, destroying some 180,000 tons of sugar in the process.
The ASX200 has been well supported in early trade on Tuesday. The index made successive highs in the first hour of trade. Significantly this price action was supported by solid volumes.
By Greg PeelIt's not what struggling uranium producers want to hear. The spot market has gone dead quiet.
By Greg PeelThe Dow closed down 7 points while the S&P was flat at 1744 and the Nasdaq gained 0.2%.Bridge Street pushed to a new five-year high yesterday as traders took the lead from another solid gain on Wall Street on Friday and a near one percent Monday rise in Japan.
Despite pulling away from fresh five-year highs reached earlier in the session, the All Ordinaries Index (XAO) still ended 0.5 per cent higher by the close. The miners were the biggest contributors to the gains. BHP Billiton (BHP), which is scheduled to issue its quarterly production numbers tomorrow, rose by 1.26 per cent today.
With the US political circus behind us (for now), investors are taking the opportunity to buy up, with the All Ordinaries Index (XAO) up by 0.7 per cent and cracking a five-year high in the process. The US S&P500 index (a measure of the performances of American's 500 biggest companies) cracked through an-time high on Friday.
PDF file attached.Corporate bonds offer an alternative to equity investment in providing a fixed "coupon", or interest payment, unlike equities which pay (or not) non-fixed dividend payments, and a maturity date, unlike equities which are open-ended.
By Chris Weston, IG MarketsIt generally pays to follow the money and respect the trend; however sometimes it can also be worth thinking like a contrarian, and getting ahead of the curve.
The uptrend holds for a second week with the market closing on its highs. The market is overbought in the short term and has cleared long term resistance.
At the end of a week that started with so much uncertainty the local market has gained ground for a for a fourth day. The ASX 200 traversed new five-year highs on Friday and gained 1.7% for the week.
Global Markets have responded positively to the developments of the last 24 hours. In particular US stocks have rallied, pushing the S&P 500 to a new all-time high.
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
By Greg PeelThe Dow closed down 2 points while the S&P gained 0.7% to 1733 and the Nasdaq added 0.6%.No one was entirely sure just how Wall Street would react last night to the reopening of the US government on a can-kick basis.
At long last, the news we have all been waiting for. The United States House of Representatives has passed a bill that will see the re-opening of government and raise the US debt ceiling. The House voted 285-144 in favour of the legislation after the Senate earlier passed the bill 81-18. The agreement will see the US Federal Government reopen after being shut for the past 17 days and will remove the debt issuance restrictions. As government departments reopen tomorrow, we will get a clearer idea...
Struggling Taiwanese phone manufacturer HTC has taken the phablet market by storm. The smartphone maker is entering the phablet market by launching its latest plus sized version of its award-winning HTC One handset. Looks like gigantic displays are something buyers recognize as worth of having.
The Australian sharemarket is higher for the third day, with the All Ordinaries Index (XAO) 0.2 per cent stronger. This as the US Senate has voted to not only reopen the government after 16 days of closure, but also to temporarily raise the debt ceiling. The House of Reps is expected to vote next.
Higher demand from China boosted the iron ore production of mining giant Rio Tinto (ASX: RIO) in the third quarter. The company produced 53.4 million metric tonnes of iron ore compared to 52.6 million metric tonnes for the same quarter in 2012.
More than half of employees working at the largest fast-food chains in the U.S. are earning so little in wages that they must rely on some sort of public assistance to get by, according to a new study co-published by the University of California-Berkeley and the University of Illinois on Tuesday.
Infographic: 21 Shocking Facts About Food Waste In The US
By Greg PeelThe Dow rose 205 points or 1.4% while the S&P gained 1.4% to 1721 and the Nasdaq added 1.1%.
One of the noteworthy developments of the last day has been the announcement by the Fitch ratings agency that it was placing the US's AAA sovereign rating on ´´rating watch negative´´, This suggests a greater chance a credit rating downgrade, in fact a 1 in 2 chance , compared to 1 in 3 chance implied by a "negative outlook".
The local markets has done it all in the first half of the session, with stocks down by as much as 0.5 per cent early on, trading flat more recently and currently up by just a few points at lunch. The All Ordinaries Index (XAO) is up by around 0.2 per cent.
By Peter Switzer, Switzer Super ReportThe path for term deposits will be a good indicator for when it will be time to cut your exposure to the stock market and I suspect that we're now at the bottom of the interest rate cycle.
By Greg PeelThe Dow fell 133 points or 0.9% while the S&P lost 0.7% to 1698 and the Nasdaq dropped 0.4%.
