MARKETS

RBC Capital: One more rate hike for NZ then halt

The Reserve Bank of New Zealand Governor Allan Bollard is likely to raise interest rates in September and then take a respite to allow the economy to grow further amid a fragile global recovery, RBC Capital Markets today said in a forecast.

Australian Stock Market Report - Closing

The Australian share market broke a four day winning streak today, despite an afternoon buying frenzy which briefly the main indices in the black. A weak lead from Wall Street saw local investors pull back, with the All Ordinaries Index (XAO) closing down 5.9pts or 0.1pct to 4536.2.
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Micro Cap Rising Stars ? Manaccom

Australia's lottery market is worth $3.6bn a year but only 4% of punters play online. Manaccom is well established to take advantage of inevitable growth.

IG Markets - Opening calls

Overnight, US stocks retreated on the back of a disappointing earnings report from Dow component Boeing and the latest Beige Book report which suggested several districts were experiencing softening growth.

Australian Stock Market Report

US durable goods orders fell by 1.0pct in June after a 0.8pct fall in May and 2.9pct rise in April. Economists had tipped a 1.0pct rise in orders.

World Market Overview

The US stock market edged lower Wednesday on news that orders for big ticket items sank in June. The Dow fell 39.81 points (0.38%) to 10,497.88 in final trades, after a four day winning streak.

Daily Forex Commentary 29/7/2010

The Aussie's three-week ascent towards US90.50 came to an abrupt halt yesterday immediately after the release of the much-anticipated June quarter inflation data.

The Overnight Report: Waiting For GDP

Having stalled on Tuesday, Wall Street could only drift off last night with little positive impetus ahead of Friday's GDP release. Dow down 39. (Locked for subscribers until 10:00 AEST)

Australian Stock Market Report - Closing

The Australian share market managed a turnaround in afternoon trade to rack up a fourth successive win. Financial stocks drove the gains while the big miners also received support despite a shaky start.

Australian share market finished firmer

The Australian share market finished firmer for the fourth consecutive trading day, closing at its strongest level for more than a month. Sentiment on th local bourse was boosted by the release of lower than expected inflation figures for the June quarter.

Australia market makes a U-turn

The Australian share market has put in a U-shaped performance today, rallying initially, selling off after the release of CPI data and then rallying back to positive territory.

Australian Dollar Outlook 28/7/2010

The Australian Dollar has opened little changed and is still starts with a "9" as global markets "seem" to be becoming cautiously optimistic about the economy in the latter half of calendar 2010.

IG Markets Morning Prices

Overnight, US markets were mixed but little changed as investors took a breather after several strong days of gains.

World Market Overview

U.S. stocks were mixed Tuesday as a weak consumer-confidence reading offset the latest round of strong corporate earnings. Stocks traded in a narrow range throughout the day.

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