By Michael Lombardi, MBA for Profit ConfidentialDid the Federal Reserve just tell us it wants much higher inflation?In the most recent meeting minutes from the Federal Open Market Committee (FOMC), it said:"Most [members], however, now anticipated that the Committee would not sell agency mortgage-ba...
Admin System
Jul 15, 2013
iQuant predicts limited upside for the week ending 19th July 2013. Short term indicators suggest the 4957 level will hold.
Admin System
Jul 13, 2013
Local shares failed to hold onto the 0.9 per cent improvement recorded over the first hour of trade. However, the All Ordinaries Index (XAO) still managed to edge higher by 0.3 per cent; gaining for the fourth straight day; up around 2.9 per cent this week and flirting with the 5000.0 point mark for the first time since May.
Vittorio Hernandez
Jul 12, 2013
The Australian sharemarket is improving for the fourth straight day. The All Ordinaries Index (XAO) is up 0.6 per cent, taking the gains this week to around 3.25 per cent. If the gains extend a little further this afternoon, this will end up being the best week since December 2011.
Vittorio Hernandez
Jul 12, 2013
By David Fessler, Investment U Senior AnalystRon Baron isn't as famous as Warren Buffett or Peter Lynch, but the founder of Baron Capital Group deploys an investment philosophy that's not unlike the better-known investment giants: Start with in-depth research, ignore short-term market vola...
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Jul 12, 2013
JPMorgan warned of a global iron ore shortage because of Rio Tinto's (ASX: RIO) plan to delay the expansion of its $5.4-billion iron ore mine in Western Australia. The bank reviewed Rio's plan to boost its yearly production of the key steelmaking ingredient commodity by 70 million tonnes.
Vittorio Hernandez
Jul 12, 2013
By Greg PeelThe Dow rose 169 points, or 1.1%, while the S&P gained 1.4% to 1675 and the Nasdaq added 1.
Admin System
Jul 12, 2013
The Australian sharemarket jumped by 1.3 per cent, rising for the third consecutive session. Local stocks have improved by 2.5 per cent so far this week.
Vittorio Hernandez
Jul 11, 2013
The Australian share market is continuing on its solid run, firmer by another one per cent at lunchtime during Thursday's trade.
Vittorio Hernandez
Jul 11, 2013
By Greg PeelThe Dow closed down 8 points, while the S&P was flat at 1652 and the Nasdaq rose 0.5%.Gee those Chinese data releases are a barrel of laughs at the moment aren't they? Talk about killing the mood at a party.
Admin System
Jul 11, 2013
Local stocks ended higher on Wednesday, although the gains were modest compared to the improvements seen in early trade. Economic reports originating locally and elsewhere once again spoke to investor concerns about a slowing global growth pulse.
Vittorio Hernandez
Jul 10, 2013
Rio Tinto (ASX: RIO) is expected to have a production shortfall of 2 million tonnes at its Pilbara iron ore operations when it releases its June quarter report next week. However, the mining giant is in a position to make up for the lost volume in the later part of 2013.
Vittorio Hernandez
Jul 10, 2013
In yesterday's Daily Reckoning we showed you that food and beer are cheap in America and that sweet potato fries are worth a go. Today, we'll investigate more urgent matters. Falling US bond prices are the prime mover in markets right now. As bond prices fall, yields rise. The investment implications multiply.
Jamelle Agbuis
Jul 10, 2013
The Australian share market is holding at one month highs in early trade on Wednesday, following gains on US and European markets overnight. US stocks managed to make it four wins in a row as investors were encouraged by the start of the earnings season. Aluminium giant Alcoa was first to report, with its earnings coming in in line with market expectations.
Vittorio Hernandez
Jul 10, 2013
By Miguel Perez-Santalla, BullionVaultBACK in the good old days, a physical silver trader's dream would be to land a photographic company as a customer.
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Jul 10, 2013
By Peter Switzer, Switzer Super ReportLast week I got to thinking about sensible investing when conditions are really 'iffy' and as I thought about it, I realised that in most short-term stock market situations there are always Rumsfeldian moments, which explain why there is a seller when ...
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Jul 10, 2013
By Greg PeelThe Dow closed up 75 points, or 0.5%, while the S&P gained 0.7% to 1652 and the Nasdaq added 0.
Admin System
Jul 10, 2013
The Australian share market managed to recover today, thanks to strong offshore gains and as investors chasing yield bought into the banks. The All Ordinaries Index (XAO) rose 68.9pts or 1.4 per cent today to 4866.5pts.
Vittorio Hernandez
Jul 09, 2013
Following on from a 0.6 per cent fall yesterday, the Australian market is being pushed higher by global market strength. Overnight, US stocks rose for the third straight session, while the major European markets improved by as much as 2 per cent thanks to solid data. On the economic front, Chinese inflation remains under control while Australian business confidence is sluggish.
Vittorio Hernandez
Jul 09, 2013
Your editor returns to his Daily Reckoning post finding that nothing and everything has changed in the markets. Our last day in the office was Friday, June 14th. The S&P ASX/200 closed at 4791 on that day. As we fire up our lazy neurons today, the market is trading at 4810, down on the day but up over the last three weeks.
Jamelle Agbuis
Jul 09, 2013
- Slim volumes reported- No changes to prices- US DOE adds more uncertainty- Macquarie sceptical about Japan restart bumpBy Andrew NelsonLast week was slow and quiet in the uranium market.
Admin System
Jul 09, 2013
The worse has not yet come for the gold market. Commodities expert Jim Rogers warned that the price of the yellow metal could fall to $900 an ounce.
Vittorio Hernandez
Jul 09, 2013
By Greg PeelThe Dow closed up 88 points, or 0.6%, while the S&P gained 0.5% to 1640 and the Nasdaq added 0.
Admin System
Jul 09, 2013
Better than expected employment numbers in the US at week's end and gains for US stocks failed to translate to gains for the local market on Monday. There was a fillip at the outset of trade with some modest gains, although the gains were short lived and the index spent most of the day in the red.
Vittorio Hernandez
Jul 08, 2013
Today's market action is brought to you by - once again - central bankers. In what has apparently come as a shock to the market, overnight the European Central Bank (ECB) and The Bank of England (BOE) have come out and said they will keep rates on hold for a long time. Can you believe it?
Jamelle Agbuis
Jul 08, 2013
Australian shares kicked off the week in the red, only to rise by around 0.3 per cent in early trade, trade flat at one point and then shoot lower by lunch. The All Ordinaries Index (XAO) is now down by 0.8 per cent, after a 1 per cent improvement recorded over the previous week.
Vittorio Hernandez
Jul 08, 2013
By Tim Price, PFP Wealth"Investment based on genuine long-term expectation is so difficult today as to be scarcely practicable.
Admin System
Jul 08, 2013
By Stephen Hogan, Senior Private Client Adviser, Equities/DerivativesAustralian MarketThe Australian market (XJO) closed down -32.
Admin System
Jul 08, 2013
- Chinese PMIs weaker- Trend steady nevertheless- Asia still the growth driverBy Greg PeelIn last month's round of manufacturing purchasing managers' index (PMI) data, China's result fell slightly to 50.
Admin System
Jul 08, 2013
The Australian share market managed to finish a volatile week on a high, with the All Ordinaries Index (XAO) adding 1.1pct over the course of the week.
Vittorio Hernandez
Jul 05, 2013
