Despite a positive start on the back of gains on European and US markets overnight, the local bourse was sold off today following chatter from two US Federal Reserve Presidents that the stimulus which has been supporting the US economy since the GFC could be wound back this year.
Vittorio Hernandez
Apr 03, 2013
The Changing Definition of Safe Investments
Jamelle Agbuis
Apr 03, 2013
Despite a slightly stronger start to the session for the 2nd day running (something which hasn't happened in 4 weeks), the All Ordinaries Index (XAO) is 0.2 per cent or 8.6 pts lower to 4986.9. Shares slumped by 2.7 per cent in March, making it the worst month of trade since May 2012.
Vittorio Hernandez
Apr 03, 2013
Australia's federal government approved Toro Energy's (ASX: TOE) proposed uranium mine at Wiluna, Western Australia. However, the go signal was subject to Toro meeting 36 conditions.
Vittorio Hernandez
Apr 03, 2013
Greg PeelThe Dow closed up 89 points, or 0.6%, while the S&P gained 0.5% to 1570 and the Nasdaq added 0.
Admin System
Apr 03, 2013
-Oil prices retreat. For how long?-Iron ore, coking coal underpinned-Thermal coal under most pressure-Platinum supportedBy Eva BrocklehurstAverage oil prices retreated in March after several months of rises.
Admin System
Apr 03, 2013
The local share market resumed trade following the Easter break on a positive note, with financial stocks driving the market higher after the Reserve Bank left interest rates on hold at 3% as expected.
Vittorio Hernandez
Apr 02, 2013
The Australian sharemarket is improving despite a flat finish in the U.S and an uneventful evening in Europe. Markets in Germany, France and the U.K were closed overnight due to the Easter break.
Vittorio Hernandez
Apr 02, 2013
By Michael Lombardi, MBAIn 1980, the total outstanding debt in the U.S. bond market was about $2.5 trillion?this included municipal bonds, Treasury bonds, money market instruments, corporate debt, and asset-backed securities.
Admin System
Apr 02, 2013
By Andrew NelsonMarch was a mild and somewhat positive month for uranium, with producers hoping TS Elliot is wrong in his claim that April is the cruellest month.
Admin System
Apr 02, 2013
Qantas reported on Monday a six-fold rise in its Europe booking following its recent alliance with Middle Eastern carrier Emirates. The Australian flag carrier explained the higher bookings to shorter flight times between Europe and the Asia-Pacific.
Vittorio Hernandez
Apr 02, 2013
Back in the nineteenth century, Benjamin Disraeli, once the UK Prime Minister, said: "London is a modern Babylon." Time passed, yet the Prime Minister's allegation is still up to date. Once you visit London, you will not only feel that it is full of tourists from all around the globe as it is full of historic and cultural heritage but you will inhale the air sated with the international business and unlimited possibilities.
Jamelle Agbuis
Apr 02, 2013
On the 28th of March, it was made public that an oil consortium led by BP Plc would plow as much as $500 million in an appraisal drilling project in the Clair field near Shetlands Islands. The investment is expected to bring many benefits to North Sea oil sector.
Jamelle Agbuis
Apr 02, 2013
Official data showed that Japan witnessed a surprising contraction in factory output in February. The released figures highlighted a huge task ahead of the new government of the world's third economy. The government will have to work by the sweat of its own brow to get out of economic stagnation and deflation.
Jamelle Agbuis
Apr 02, 2013
By Greg PeelThe peasants, it seems, are not revolting. As a result, the bells rang out on Wall Street.
Admin System
Apr 02, 2013
The analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic ResearchASX bucks regional drop on RBA, Easter returnAsian markets posted broad losses today on a soft lead from Wall Street after a report released overnigh...
Admin System
Apr 02, 2013
Local stocks fell back into the red today, as concerns about Cyprus once again affected global sentiment. Banks in Cyprus will re-open tonight for the first time since the controversial bank bailout was floated, with investors concerned there could be a run on bank deposits.
Vittorio Hernandez
Mar 28, 2013
Uncertainties about Europe have again reared their head, rattling European and US blue chip stocks overnight. Locally, the Australian share market fell quite hard on open but is currently down around 0.3% at lunchtime in the East.
Vittorio Hernandez
Mar 28, 2013
Cash holdings of Australian investors have continued to decline, dropping to the lowest level since the inception of the bimonthly Australian Investor Sentiment Survey from the Australian Investors' Association (AIA) and FNArena in January 2011.
Admin System
Mar 28, 2013
By Greg PeelThe Dow closed down 37 points, or 0.3%, while the S&P lost a point to 1562 and the Nasdaq rose 0.
Admin System
Mar 28, 2013
The local market steadily improved throughout the session to end around its highest level of the day. The All Ordinaries Index (XAO) jumped by 0.9 per cent, which has completely made up for yesterday's tumble.
Vittorio Hernandez
Mar 27, 2013
Rio Tinto (ASX: RIO), the second-largest miner in the world, is having problems over rising costs at its Oyu Tolgoi copper mine as well as a planned progressive royalty scheme being introduced.
Vittorio Hernandez
Mar 27, 2013
Early trade on Wednesday has seen an improved tone compared to recent days. Investors have chosen to focus on the improved economic readings from the US in the last 24 hours rather than lingering European concerns. In Europe overnight there were modest gains for core markets (France, Germany, and UK etc.). Although financial stocks dragged the Spanish and Italian markets lower. In the aftermath of the Cypriot bailout, investors continue to reflect on the possibility that depositors could abandon...
Vittorio Hernandez
Mar 27, 2013
'Can you by legislation add one farthing to the wealth of the country?' Richard Cobden asked the House of Commons on 27 February 1846.
Jamelle Agbuis
Mar 27, 2013
Natural Death of Sundance Takeover?
Jamelle Agbuis
Mar 27, 2013
By Greg PeelThe Dow rose 111 points, or 0.8%, while the S&P gained 0.8% to 1563 (2 points shy) and the Nasdaq added 0.
Admin System
Mar 27, 2013
Local stocks fell back into the red today, after the Dutch Finance Minister spooked investor sentiment claiming the Eurozone bailout for Cyprus could establish a template for other EU nations needing financial rescue. He then tried to backtrack, saying each case would be dealt with on a merit basis, but the damage was done with US markets closing lower.
Vittorio Hernandez
Mar 26, 2013
Global markets have seen volatile trade in the last 24 hours. European stock indices rose in the early part of their session as investors celebrate the announcement of a Cypriot bailout. The celebrations were short lived. Market turned south after Eurogroup Chairman Dijsselbloem suggested that the Cypriot deal should be used as a template for future Eurozone bank "bail-ins". Previously rhetoric from officials had made the point that the Cypriot measures, particularly around depositors, wer...
Vittorio Hernandez
Mar 26, 2013
By Andrew NelsonThe focus has started to shift from Asia to the US as the hoped for driver of economic momentum, but Asia is by no means dead yet.
Admin System
Mar 26, 2013
By Greg PeelThe only nuclear reactors operating in Japan today are units 3 and 4 at Ohi. They restarted generation in June last year a following the government's reassessment of its nuclear power industry but preceding the establishment of a new Nuclear Regulatory Authority in the country.
Admin System
Mar 26, 2013