By Jonathan BarrattOil has gradually being trading higher over the course of the week and as it knocks into resistance at US98.
Admin System
Jun 20, 2013
The fortunes of Australian mining billionaire Nathan Tinkler continues to reverse after financiers seized on Wednesday his $600 million 20 per cent controlling stake in Whitehaven coal.
Vittorio Hernandez
Jun 20, 2013
By Greg PeelThe Dow fell 206 points, or 1.4%, while the S&P dropped 1.4% to 1628 and the Nasdaq lost 1.
Admin System
Jun 20, 2013
The behaviour of financial markets in recent months has been defined by one issue. What will the Fed do with Q.E. To this end it's interesting to note how composed the markets have been in the last day given the import of the day ahead in the US. Wednesday in Washington will see the Fed conclude its 2 day meeting with a press conference. In this forum the US Fed Chairman is expected to provide some clarity in relation to its bond buying program. 'Tapering' has been an expression frequen...
Vittorio Hernandez
Jun 19, 2013
Australian shares are trading close to the highest levels of the day, with the All Ordinaries Index (XAO) up 0.5 per cent. There still is significant hesitation ahead of the Federal Reserve's statement on monetary policy due at 4am (AEST) tomorrow morning. Investors are hoping for further clarification on the US central bank's plans on stimulus in the future.
Vittorio Hernandez
Jun 19, 2013
By Greg PeelThe Dow rose 138 points, or 0.9%, while the S&P gained 0.8% to 1651 and the Nasdaq added 0.
Admin System
Jun 19, 2013
- Global mining capex still softening in 2015- Happy days almost over for iron ore juniors- US scrap steel market still doing it tough- Most Aus economic scenarios negativeBy Andrew NelsonBeing negative on mining capex is no new thing.
Admin System
Jun 19, 2013
The Australian share market managed to stage another recovery in late afternoon trade, but still closed lower. After hitting an intra-day low of 4750pts, the All Ordinaries Index (XAO) finished the day's session down 10.4pts or 0.2 per cent to 4794.
Vittorio Hernandez
Jun 18, 2013
The Australian share market has reversed all of Monday's gains in the early session, as investors turn their attention to the US Federal Reserve's two day policy meeting which kicks off tonight in Washington. Market speculation over whether or not the Fed will wind back its stimulus program remains mixed.
Vittorio Hernandez
Jun 18, 2013
- Spot price up 10c- Still below US$40- Japan may still come to the rescueBy Andrew NelsonLast week was a slow one on the uranium market, with many participants attending the World Nuclear Fuel Market conference in Turkey.
Admin System
Jun 18, 2013
- US shaky, but still ok- More sideways trends in Europe- China to pick back up, slowly- Australia may be headed towards recessionBy Andrew NelsonIn this day and age it's hard to start a discussion about the global economy and its recovery prospects without roping in the big three: the US, Euro...
Admin System
Jun 18, 2013
By Peter Switzer, Switzer Super ReportAfter a trip away to Turkey and Greece, when the dollar dived and the stock market added to my hip pocket grief, there must be some investors worrying about whether we're in for another period of big sell-offs like we saw over 2011 and 2012.
Admin System
Jun 18, 2013
The yellow metal once considered a safe haven continues to plummet, not only in price but also in production. Reports from mining consultancy Surbiton Associates said that Australian miners produced 5 per cent less gold in the first quarter of 2013.
Vittorio Hernandez
Jun 18, 2013
By Greg PeelThe Dow closed up 109 points, or 0.7%, while the S&P gained 0.8% to 1639 and the Nasdaq added 0.
Admin System
Jun 18, 2013
The Australian market had a very volatile start to the week, with stocks rallying strongly in the dying minutes of the session. Stocks slumped by as much as 1 per cent in the first hour of trade, only to steadily rise from 11am (AEST) onwards and spike in the final 30 minutes of trade. The All Ordinaries Index (XAO) closed 0.6 per cent higher.
Vittorio Hernandez
Jun 17, 2013
Before we get to the wonderful world of investing, it's important to set the scene. Make yourself a cup of hot chocolate, sit down and get ready for your blood to boil. You're about to find out how financial markets really work...
Jamelle Agbuis
Jun 17, 2013
Since the early 1980's the financial sector has ridden an extraordinary wave of prosperity. The combination of increasing debt levels and rising share markets turbo-charged the growth in the banking and investment industries.
Jamelle Agbuis
Jun 17, 2013
The lesson of today's Daily Reckoning is that if you want to blow a massive asset bubble in order to make people feel wealthier, you had better do it in the real estate market and not the stock market. Liquidity driven gains in the stock market are bigger, faster, and more impressive in the short term. But they're also easy come, easy go.
Jamelle Agbuis
Jun 17, 2013
Before we identify the thief of your capital gains, a quick note to make sure you don't miss out on tomorrow's instalment of the revolution. What revolution?
Jamelle Agbuis
Jun 17, 2013
'Behind every great fortune is a great crime,' said French novelist Honoré de Balzac. What crime lies behind Booz Allen Hamilton?
Jamelle Agbuis
Jun 17, 2013
Canadian sportswear retailer Lululemon Athletica - CEO, Christine Day is stepping down after the recent problems with a line of yoga pants that were inconsiderately see through.
Jamelle Agbuis
Jun 17, 2013
After falls of around 1 per cent this morning, a comeback from the financial sector is helping minimise the losses. The All Ordinaries Index (XAO) is down by just 0.1 per cent after recording its biggest improvement of the year on Friday. The miners are the biggest contributors to the losses however this is being balanced by gains of as much as 1.6 per cent from the banks.
Vittorio Hernandez
Jun 17, 2013
- China cautious- Steel output steady- Modest support for iron ore- No timeframe for turnaroundBy Andrew NelsonCommodities analysts at ANZ Bank recently returned from a trip to China and they say the mood there remains cautious.
Admin System
Jun 17, 2013
Kathleen Brooks, Research Director UK EMEA FOREX.comWe are rounding off a week where USDJPY rose to a high of 99.
Admin System
Jun 15, 2013
After a lacklustre run this shortened trading week, the Australian market recorded its biggest daily rise of 2013. The All Ordinaries Index (XAO) jumped by a solid 1.9 per cent after two straight sessions of 0.6 per cent losses.
Vittorio Hernandez
Jun 14, 2013
The Australian share market is rebounding in early trade on Friday, following gains on offshore markets and after local stocks hit 2013 lows during yesterday's trade.
Vittorio Hernandez
Jun 14, 2013
Before we launch into today's episode of the Daily Reckoning, a correction from yesterday. In our table of the seven largest Japanese stocks, we incorrectly labelled the share price (in Yen) as market capitalisation. Apologies. It doesn't change the point, though. The point was that in a price-weighted index, a small handful of shares can account for the performance of the index.
Jamelle Agbuis
Jun 14, 2013
This story was first published on June 5 for subscribers only but has now been opened for general readership.
Admin System
Jun 14, 2013
By Greg PeelThe Dow rose 180 points, or 1.2%, while the S&P gained 1.5% to 1636 and the Nasdaq added 1.
Admin System
Jun 14, 2013
More Australian miners are selling their mines as the prices of the yellow metal continues to decline in the world market. The latest to join the growing number of resources companies closing operations is Alacer Gold which would sell its Higginsville and South Kalgoorlie gold operations in Western Australia.
Vittorio Hernandez
Jun 14, 2013