The Overnight Report: Poised
By Greg PeelThe Dow closed down 62 points or 0.5% and the S&P lost 0.3% to 1300 while the Nasdaq managed a 0.
The Economy: Inflation Bad, Rates To Remain Steady
The Reserve Bank (at least until recently) has also been signalling that further monetary tightening is likely to be needed at some point, and the higher than expected June quarter inflation outcome is consistent with this.
Corporates: Wesfarmers’ Sales, Macquarie Meets, GUD’s Record
Wesfarmers' shares partly recovered from a sharp and irrational sell-off yesterday after it released its 4th quarter financial year 2011 sales figures for its Coles and Bunnings retail chains.
Widely used CAD mammography tool fails to find invasive breast cancer, causes needless tests and stress
Computer-aided detection (CAD) technology, which analyzes mammography images and marks suspicious areas for radiologists to review, has been widely hyped and pushed on women as a way to insure invasive breast cancer is spotted on mammograms.
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Australian Stock Market -MIDDAY - 7/28/2011
MIDDAY REPORT
(12.15pm AEST)Local stocks are under heavy selling pressure in early trade, following another slump in US equities overnight and falls on the commodities markets. Wall Street recorded its biggest one day fall in nearly two months as the stalemate over raising the US debt ceiling continues. At lunchtime in the East, the All Ordinaries Index (XAO) is down 50.6pts or 1.1pct to 4562.
Tune In To Market Insight!
Today at 4pm Rudi and Greg will discuss, debate and argue about the local an international financial markets and how they are impacting on your investments.
China Leading Global Equities?
FNArena has added another video to its Investors Education section on the website by ATW founder and trader Jerry Simmons.
The Overnight Report: This Time It's Technical
By Greg PeelThe Dow fell 198 points or 1.6% while the S&P lost 2.0% to 1304 and the Nasdaq plummeted 2.
Markets: US Debt Woes, Inflation Send Aussie $ Higher
Markets in Asia, Europe and the US were sold down for a second day in the past three on these fears.
Profits: Solid Results From ALZ, CNA
Rio Tinto's NSW-based majority owned subsidiary, Coal and Allied, has revealed the benefit of not being a Queensland-based coal miner and exporter in the six months to June 30.
The debt ceiling fiasco: It's not about compromise; it's about principle
An armed man approaches an innocent old lady on the street, shoves his gun in her face and screams, "Give me everything you own!" The little old lady, flummoxed but determined, angrily answers back, "Screw you! I'm not giving you one red cent!"
Economy Watch: Rate Hike Threat Rises
By Greg PeelQuick! Everyone running screaming back to the other side of the listing boat again!The thing about central bank interest rate moves is that they're always difficult to get right in terms of timing, but rarely are they difficult to get right in terms of direction.
World Market Overview 7/28/2011
US stocks fell sharply on Wednesday, in the third consecutive day of losses, as investors feared the country's debt-ceiling standoff could force a default or downgrade of US Treasury debt.
Australian Stock Market Report 7/28/2011
US durable goods orders fell 2.1pct in June after a 1.9pct increase in the prior month. Excluding transportation orders rose by a modest 0.1pct. A proxy for business spending - Non-defence capital goods orders excluding aircraft - slipped 0.4pct after a 1.7pct rise in May.
Australian Stock Market - CLOSING - 07/27/2011
AFTERNOON REPORT
(4.30pm AEST)Higher than expected inflation data, coupled with the ongoing stalemate over the US debt crisis, saw local stocks lose ground today. White House officials are still confident a deal to raise the US government´s borrowing power will be agreed upon before the August 2nd deadline, however the worry now is that the US could still have its AAA credit rating downgraded.
It's Not So Bad, Says Glenn
By Greg Peel"I'm sure people are sick of hearing me say," said Glenn Stevens at the Anika Foundation address in Sydney yesterday, "Australia is in the midst of a once-in-a-century event in our terms of trade.
How Much Upside Left For Campbell Bros?
- Campbell Brothers lifts earnings guidance at AGM- Increase reflects strong lab testing volumes and benefits from recent acquisitions- Valuation is an issue for some stockbrokers, but Macquarie upgrades to OutperformBy Chris ShawThe laboratory services market remains strong if AGM commentary from C...
Profits: Alesco Back In The Black, To Pay Special Dividend
Struggling industrial conglomerate Alesco Corporation seems to have emerged from a couple of years of tough times, losses and lean profits.
Australian Stock Market Report 7/25/2011
US new home sales fell by 1pct to a 312,000 annual rate in June. Economists had tipped a result near 320,000. US consumer confidence surprisingly rose from 57.6 to 59.5 in July, ahead of forecasts centred on a result near 56.0.
World Market Overview 7/27/2011
US stocks fell Tuesday as the deadline for raising the government's debt ceiling stood just one week away, with no signs of a resolution to the bitter standoff in Washington.
Tui's No Longer New
- Tui has proven AWE's jewel in the crown- Tui's reserves have been downgraded by 50%- AWE now has a lot riding on shaleBy Greg PeelOne might be forgiven for assuming the Australian energy sector has provided substantial shareholder returns over the past five years, what with the price of ...
Uranium Remains Under Pressure
By Greg PeelIndustry consultant TradeTech noted the week before last that buying in the spot uranium market had become "highly discretionary" and that participants were expecting flat to weaker prices in the near term.
Criticality Is In The Eye Of The Beholder
By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationThe Earth's climate has been continuously changing throughout its history.
The U.S.: Markets Wobble On Debt Ceiling/Downgrade Dangers
Markets are shaky as the American political classes show the rest of the world their irresponsibility and inability to see the bigger picture, especially the so-called Tea Party newcomers in the U.S. House of Representatives.
The Overnight Report: Ceiling The Deal?
By Greg PeelThe Dow closed down 88 points or 0.7% while the S&P lost 0.6% to 1337 and the Nasdaq was down 0.
Regis Resources Retains Longer-Term Appeal
- Regis Resources again beat expectations for quarterly production- Garden Well mine to lift output to 300koz from FY13- Quality assets, potential mine life expansion make the company an acquisition target- RBS downgrades to Hold on valuation groundsBy Chris ShawEmerging gold producer Regis Resource...
Global Markets Overview 07/26/2011
U.S. stocks fell Monday, as the deadlock in Washington's debt negotiations left investors uncertain whether the U.S. can avoid a default or a credit downgrade
World Market Overview 7/26/2011
Australian share closed sharply lower on concerns the US government may default if an agreement cannot be reached on raising its debt ceiling.
Australian Stock Market Report 7/26/2011
The Dallas Fed Manufacturing Index contracted at a slower pace in July. Business activity improved from -17.5 to -2 in July. Across the sub indices new orders, production and employment all recorded healthy gains.
Markets / Commodities: US Debt, Techs, Copper, Gold
Inflation and interest rates will grab the headlines in Australia this week with the all important June quarter consumer price index figures due out on Wednesday.
DIARY: Inflation, US Debt, Results Here, US, Asia, Europe
The coming week here and offshore will be dominated by Australian inflation, Japanese production data, the first estimate of US second quarter economic growth, and the early forecast for the UK economy, not to mention the continuing US second quarter profit season, and the start of the Australian June 30 reporting rush.
World Market Overview 7/25/2011
The Dow industrials' decline came as most major market indexes around the world finished with gains. Even so, the blue-chip index finished with a strong weekly advance after several days dominated by concerns over debt negotiations in Washington and Brussels.
US Consumer Spending Showing Signs Of Life
(The following observations have been published by the Consumer Metrics Institute in the US on July 23rd.
Australian Stock Market Report 7/25/2011
US congressional leaders struggled over the weekend to come up with a plan to prevent the government defaulting on its debt payments and to allow government social security payments to continue to made.
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