Gold continued to lose its sheen as a safe haven as its price further plummeted to $1,223.54 an ounce on Wednesday, its lowest since August 2010. By 3:08 p.m. at New York, gold settled at $1,225.91, down by 4 per cent.
Vittorio Hernandez
Jun 27, 2013
By Greg PeelThe Dow rose 149 points, or 1.0%, while the S&P gained 1.0% to 1603 and the Nasdaq added 0.
Admin System
Jun 27, 2013
- PBoC calms China's money market- De facto tightening nevertheless a result- Further pressure on China's economy- PBoC could yet reverse and loosenBy Greg PeelUnlike conventional monetary policy in the US, Europe and Australia, note Commonwealth Bank's foreign exchange analysts, Chin...
Admin System
Jun 27, 2013
The Australian share market rebounded today, as buyers moved in after China's central bank moved to restore calm. The People's Bank of China (PBoC) said liquidity risks in its financial markets are controllable and the unprecedented spike in interbank lending rates would gradually fade.
Vittorio Hernandez
Jun 26, 2013
Local shares are finally improving decisively, with the All Ordinaries Index (XAO) up 1.6 per cent. This is largely making up for a 2 per cent slide over the previous two sessions.
Vittorio Hernandez
Jun 26, 2013
Until about 10 years ago, whenever an African soccer team conceded a goal at the World Cup, the analysts would say the team was 'defensively naïve', and give a knowing wink at the TV audience.
Jamelle Agbuis
Jun 26, 2013
- Echo counters Crown's Barangaroo proposal- Brokers impressed with scope- Return potential under questionBy Greg PeelEcho Entertainment ((EGP)) has found itself caught between a rock and a hard place.
Admin System
Jun 26, 2013
By Greg PeelThe Dow closed up 100 points, or 0.7%, while the S&P jumped 1.0% to 1588 and the Nasdaq added 0.
Admin System
Jun 26, 2013
Regional markets remained under pressure on Tuesday as participants remain ill at ease with the conversation between Chinese lenders and the PBoC. The central bank is maintaining its hard line approach by being slow to add liquidity to its system, which in turn has seen short term interest rates remain at elevated levels. The main thrust of the PBoC stance is curtailing lending activity as a way of taking the heat out of the housing market. This initiative however is put the stability of the fin...
Vittorio Hernandez
Jun 25, 2013
The Australian share market is clawing back ground after a day of selling across the Asian region, and weakness in European and US share markets overnight.
Vittorio Hernandez
Jun 25, 2013
The weakening value of the Australian dollar would mean that motorists would pay more than $1.50 per litre of petrol within two weeks after the local currency declined 0.7 per cent to its lowest level since September 2010.
Vittorio Hernandez
Jun 25, 2013
When you're younger, your limited life experiences tend to cloud your judgement. At eighteen you know everything (at least if you're male).
Jamelle Agbuis
Jun 25, 2013
By Peter Switzer, Switzer Super ReportThe other week I suggested it was getting close to the time when we get back in, which, not surprisingly, led some subscribers to ask the question: "When did Peter get out and why didn't he tell us?".
Admin System
Jun 25, 2013
By Andrew NelsonLast week was another slow one on the uranium spot market. There were just three transactions concluded, reports industry analyst TradeTech, who noted 350, 000 pounds of stock changed hands.
Admin System
Jun 25, 2013
By Greg PeelYesterday the People's Bank of China issued a statement suggesting "that overall banking conditions are at a reasonable level," and that "banks should prudently manage liquidity risks that have resulted from rapid credit expansion".
Admin System
Jun 25, 2013
Sellers returned from the weekend energised and keen to add to their work of recent weeks. Any sense that a new week might bring with it some consolidation after the falls of recent weeks was quickly dismissed. The fall for the market on Monday was its worst in 2 months taking the index back to levels seen at the start of the year.
Vittorio Hernandez
Jun 24, 2013
Mining giant Rio Tinto (ASX: RIO) will no longer push through with the planned sale of its $1.3-billion diamond business because of cautiousness among buyers.
Vittorio Hernandez
Jun 24, 2013
Local shares are down 1.4 per cent at lunch, exceeding all of last week's losses in just two hours of trade. The defensive healthcare sector is bucking the trend, while all other industries are slumping significantly.
Vittorio Hernandez
Jun 24, 2013
- Japan must restart nuclear fleet to keep recovery on track- US$80+ needed to incentivise new supply- RBC sees US$65/lb in 2014- US$80/lb by 2017By Andrew NelsonCommodities analysts at RBC Capital Markets expect uranium demand to increase at a rate of 4.
Admin System
Jun 24, 2013
Besides a salary of $100,000 a year, which they will actually work only between August and December 2013, six mates from the U.S., Canada, France, Brazil, UK and Ireland were declared on Friday winners of Tourism Australia's Best Jobs in the World promo.
Vittorio Hernandez
Jun 22, 2013
Despite the market making an effort to sneak into the black this afternoon, Australian shares still slipped modestly to make it two straight sessions of losses. The All Ordinaries Index (XAO) slipped by just 0.4 per cent; a huge improvement from the close to 1.5 per cent falls 30 minutes into the day. The XAO fell 1.1 per cent this week.
Vittorio Hernandez
Jun 21, 2013
The Australian market is losing ground for the second consecutive session, with the All Ordinaries Index (XAO) down 0.3 per cent. The situation was dire this morning however, when the index was down by more than 1.5 per cent in early trade.
Vittorio Hernandez
Jun 21, 2013
The American Medical Association (AMA) has lashed out against the U.S. Food and Drug Administration (FDA), labeling the latter's lifetime ban against gay men donating blood as "discriminatory" and "not based on sound science."
Esther Tanquintic-Misa
Jun 21, 2013
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.
Admin System
Jun 21, 2013
By Kathleen Brooks, Research Director UK EMEA FOREX.comThe markets are still in carnage mode post the FOMC.
Admin System
Jun 21, 2013
An expert advisory group warned of the possibility of 8 sites on brown coal mines across the Latrobe Valley collapsing. The warning is the result of an independent investigation in the collapse of the Morwell River diversion that inundated the Yallourn mine with 60 billion litres of water, damaged infrastructure and cut electricity for months from the nearby power plant.
Vittorio Hernandez
Jun 21, 2013
By Greg PeelWhen US bonds started to move on Fed taper talk in May, the Aussie went first. When the Aussie started to go, the foreign exit of Australian stocks, held for yield differentials, was quick to follow.
Admin System
Jun 21, 2013
By Greg PeelThe Dow fell 353 points, or 2.3%, while the S&P lost 2.5% to 1588 and the Nasdaq dropped 2.
Admin System
Jun 21, 2013
By Stephen Hogan, Senior Private Client Adviser, Equities/DerivativesAustralian MarketThe Australian market (XJO) closed down -19.
Admin System
Jun 21, 2013
The much vaunted US Fed meeting has come and gone, and some of the more significant market concerns have been realised. Chairman Bernanke re-iterated that risks facing US economic growth and employment had eased in recent months and as a result it was reasonable that the Fed should looking at slowing the pace of bond purchases (quantitative easing) later this year, with a view to ending the initiative by the middle of 2014. Whilst this was by no means a revelation, the commitment of the central ...
Vittorio Hernandez
Jun 20, 2013