The Australian market cracked through a five year high on Thursday, thanks to the announcement of continued stimulus from the US central bank. Investors are taking a breather today, with local stocks down around 0.4 per cent.
By Greg PeelThe Dow fell 40 points or 0.3% while the S&P lost 0.2% to 1722 as the Nasdaq gained 0.2% on a 1.
The Australian share market is hovering at 5 year highs at lunchtime in the East on Thursday, following a spectacular night for US stocks which saw the Dow Jones Index close at a record high.
By Greg PeelIn the past two months, the US economy has shed 347,000 jobs, notes the UK Telegraph's Ambrose Evans-Pritchard, roughly comparable with the rate of loss seen post-GFC.
By Greg PeelThe Dow rose 147 points or 1.0% while the S&P gained 1.2% to 1725 and the added Nasdaq 1.3%.
At the close, the All Ordinaries Index (XAO) eased by 0.3 per cent ahead of the Federal Reserve's statement on monetary policy tomorrow morning. The two biggest sectors of the Australian market (the miners and financials) headed in opposite directions and played a balancing role for local equities.
Investors are sitting on the sidelines ahead of tomorrow morning's US central bank update on its stimulus strategy. The All Ordinaries Index (XAO) is down 0.3 per cent, however still is hovering around five-year highs. Local stocks have improved over seven of the past eight sessions. Global markets moved negligibly overnight and interrupted trade in the region is also keeping a lid on trade.
It was a relatively quiet day on the stock market. The S&P500 backed off a little, but it's had a pretty good run lately. We've been telling our subscribers that the market is set up for either a meltdown or a melt-up. We're sitting in the meltdown camp.
By Peter Switzer, Switzer Super ReportCall me old fashioned but I love the 7% plus play and I always think of this when, like now, a lot of experts are talking about "rotation".
FNArena is surveying investor sentiment in Australia in an effort to generate, over time, a guage similar to the AAII Investor Sentiment Survey in the US.
By Greg PeelThe Dow closed up 34 points or 0.2% while the S&P gained 0.4% to 1704 and the Nasdaq added 0.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecasts that the country's beef and veal exports will go up 6 per cent while dairy exports will increase 15 per cent.
Local shares edged higher today, to make it seven wins in eight trading sessions. The All Ordinaries Index (XAO) improved by a modest 0.1 per cent, hitting a fresh five-year high. The ASX200 index has now closed above 5200pts for six trading sessions (June 2008 was the last time this happened).
The Australian dollar and New Zealand dollar climbed to their respective month highs as investors became cautious ahead of the scheduled 2-day policy meeting of the US Federal Reserve which is expected to begin the slowdown of its massive stimulus program.
Despite a negative start influenced by generally weaker commodity prices, Australian stocks are holding near five year highs at lunchtime in the East.
By Greg PeelUranium market participants gathered in London last week for the World Nuclear Association Annual Symposium and it appears, as is often the case when industry colleagues get together to gee each other up, that some buying interest emerged as a result.
Tourism Australia will focus on the country's food and wine for its new international marketing campaign with the theme Restaurant Australia. The target of the new campaign are the foodies and wine connoisseurs.
By Greg PeelThe Dow rose 118 points or 0.8% while the S&P gained 0.6% to 1697 with the Nasdaq easing 0.
Local stocks edged higher on light volume on Monday as investors steeled themselves for a likely tapering of the US Federal Reserve's Q.E program.
Australian shares are improving for the sixth time in seven sessions, with the All Ordinaries Index (XAO) edging higher by 0.6 per cent at lunch. Former treasury secretary, Larry Summers has withdrawn from the race to head the US central bank this morning.
PDF file attached.Corporate bonds offer an alternative to equity investment in providing a fixed "coupon", or interest payment, unlike equities which pay (or not) non-fixed dividend payments, and a maturity date, unlike equities which are open-ended.
The uptrend holds for a 13th week. All previous resistance levels have been broken and the market looks for the next direction.
The modest losses were maintained for the duration of the session, with the All Ordinaries Index (XAO) easing by just 0.4 per cent by the close. The miners were the worst performers, with the sector slumping by 1.2 per cent.
After five consecutive up days, the local sharemarket is giving back some of its improvements. The All Ordinaries Index (XAO) is down 0.4 per cent; however still is still 1.39 per cent firmer over the course of the week. Local stocks are also hovering around five year highs.
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.
The Indonesian government approved on Wednesday a plan to purchase 1 million hectares of farmland in Australia to solve the country's beef supply problem.
By Greg PeelThe Dow closed down 25 points or 0.2% while the S&P lost 0.3% to 1683 and the Nasdaq dropped 0.
It is well known that China's credit boom created Australia's iron ore/coal boom, which created the terms of trade boom, mining boom and the national income boom.
The All Ordinaries Index (XAO) edged higher by 0.2 per cent; pulling back from the 5250pt level flirted with earlier in the session. This makes it not only five straight days of gains but also the best winning streak for Australian shares in two months.
The Australian share market is trading flat at lunchtime on Thursday, after testing five year highs during Wednesday's trade.
