MARKETS

No RBA Hike Soon, Leading Indicator Suggests

Westpac reports the annualised growth rate of the Westpac?Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, was 2.

Buy-side investors favor emerging markets, but prime brokers 'hold the keys to kingdom'

Institutional buy-side investors see the emerging financial markets as a source of ongoing positive returns as developed markets continue to show slower growth and increased risks. According to TABB Group in new research published today, prime brokers hold the key to the hardest-to-access markets based on their ability to provide cost-efficient access products as well as technology platforms, including direct markets access (DMA) systems and cross-region, cross-asset portfolio management too...

Mine To Magnet

By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationThe rare earths are a group of 17 elements comprising Scandium, Yttrium, and the Lanthanides.
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Australian Stock Market Report - Midday 21 June 2011

The Australian sharemarket is making up for yesterday’s pullback and the All Ordinaries index (XAO) is 0.8 pct or 36.3 pts stronger to 4548.8. Almost all sectors are higher with the mining and energy players amongst the most significant improvers at lunch.

No Quick Respite In Sight For Oz Equities - Russell Investments

- Russell Investments remains cautious on investment outlook- Global equities slightly cheap, better value relative to Australian shares- Australian dollar remains overvalued- Reversal in commodity markets still expectedBy Chris ShawAs Russell Investments points out, the recovery in global share mar...

Pressure Lingers For Uranium

By Greg PeelThe week before last saw minimal activity in the spot uranium market which was largely a result of attendance at the World Nuclear Fuel Conference, but last week was hardly a hive of activity either.

Global Markets Overview 06/21/2011

A pledge by European leaders to head off a Greek debt default helped push U.S. stocks higher Monday, easing the market's recent sovereign-debt jitters.

LulzSec, Anonymous team up to steal and expose government secrets

Anonymous, the hacker collective famous for performing cyber attacks as public retribution, has reportedly teamed up with LulzSec, the hacker group that attacks mostly for entertainment, for a mission going by the title AntiSec (Anti-Security) which seeks to expose any government-classified information that can be stolen.

Patties donates a day of Four'N Twenty to Foodbank

Patties Foods has announced plants to donate a full day’s production worth of its iconic Four’N Twenty pies - 138,000 pies in total - to Australia’s largest hunger relief organization, Foodbank.

Japan: Tax Reform Emerges As Trade Accounts Stays In The Red

Japan is pushing towards a radical reworking of its consumption tax as a way of boosting revenues as the country grapples with the cost of rebuilding after the March 11 quake and tsunami, a crippling deficits and rising debt which are being made worse by the costs of the country's rapid ageing.

World Market Overview 06/21/2011

The Australian stock market reversed early gains to shed three quarters of a per cent on Monday, as skittish sentiment triggered a broad-based sell-off.

Markets: US Up, Asia, Europe, Commodities Weak To Mixed

A small sigh of relief on Friday night as US sharemarkets posted their first weekly gain since April, with the S&P 500 and Dow ending moderately higher in the face of worries about Europe's debt crisis and a slowing US economy.

Oceana's Free Option

- OceanaGold has revised its mine plan for Didipio- Brokers see this a key de-risking event- The market is ascribing no value to the projectBy Greg PeelOceanaGold's ((OGC)) core mining operations are centred in New Zealand, but the company's exciting prospect for expansion comes in the for...

The World: IMF Positive For China, Asian Growth

Despite all the gloom and doom from Greece, Europe and the US, as well as the glum tone on sharemarkets here and offshore, there was one unchallenged bit of good news for Australia over the weekend.

Australian Stock Market Report 06/20/2011

US consumer sentiment eased from 74.3 to 71.8 in June, below the consensus forecast of 73.5. The US leading index lifted by 0.8pct in May, well above the consensus forecast of a 0.4pct gain.

ERRATUM The Global Gas Race

In yesterday's article, The Global Gas Race (see below), the suggestion was made that Citi analysts believed Origin Energy would "ditch" a second train at APLNG.

Feature: Big Investors Pull Back

Understandably, global investors continued trimming their positions in the past month, remaining defensive, as they tried to work out whether the current Wall of Worry was a repeat of 2010's or more serious.

Australia: Should We Be Lumped In Again With Them?

Our market has lurched downwards in sympathy for the rest of the world on Thursday as local investors large and small (and the hedge funds and other short term players) reckoned the bad news from Greece and the US economy was bad news for us.

Oz Wine Industry Faces Increasingly Competitive Environment

- Global wine industry becoming increasingly competitive- Overcapacity in Australia pressuring prices- CBA suggests key for Oz producers will be ability to meet market needsBy Chris ShawOver the last 20 years or so wine consumption in Australia has grown strongly, while beer consumption has been rel...

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