The same theme that has marked the last fortnight continued to hold sway over sentiment in global markets in the last day. The impact of economic reports has been fleeting, as investors continue to school themselves in the nuances of US politics as a way gauging chances of success in resolving the fiscal cliff. Reasonable economic news from the US was balanced by some more aggressive posturing on resolve budgetary issues.
Vittorio Hernandez Dec 06, 2012
Despite positive moves from blue chip stocks on Wall Street overnight, the Australian share market is trading in the red at lunchtime in the East. The All Ordinaries Index (XAO) is down 3.2pts or 0.1pct to 4524pts.
Vittorio Hernandez Dec 06, 2012
By Greg PeelMortgage broker Mortgage Choice has today released the results of its annual Consumer Sentiment Survey.
Admin System Dec 06, 2012
By Greg PeelIt is clearly Beijing's intention for China to become the world's major trading hub, specifically through Shanghai, challenging the incumbent global trading centres of London and New York.
Admin System Dec 06, 2012
Readers of The Australian Traveller named on Tuesday night Sydney as the best Australian city in terms of travel experience, best restaurant, best bar and best guided tour.
Vittorio Hernandez Dec 06, 2012
By Greg PeelThe Dow closed up 82 points, or 0.6%, while the S&P gained 0.2% to 1409 and the Nasdaq lost 0.
Admin System Dec 06, 2012
Political machinations and the associated rhetorical bluster continued on either side of the Atlantic in the preceding 24 hours. Outcomes in the related markets were favourable, to wit there was a sizeable drop in long term Greek interest rates along with more modest decline in Spanish and Italian rates. Strong gains for US house prices were registered in October, providing more evidence of the nascent recovery in US Housing.
Vittorio Hernandez Dec 05, 2012
The Australian sharemarket is improving for the second time this week, however has trimmed gains following some worse than expected growth numbers. The Australian economy grew by 0.5 per cent in the September quarter (July to September), taking annual growth to 3.1 per cent. The market was hoping for 0.6 per cent to 0.7 per cent growth over the quarter. This adds to the barrage of negative economic readings over the past fortnight. The number of jobs advertised by Aussie businesses has fallen fo...
Vittorio Hernandez Dec 05, 2012
Starbucks Corp. informed that it started talks with the HMRC as the company has been facing growing criticism since it was revealed that the world's most known coffee chain paid only £8.5 million in corporation taxes in 14 years. In addition, Starbucks Corp. might pay more in the near future as it is reviewing its UK tax approach.
Jamelle Agbuis Dec 05, 2012
It's a bit Hong Kong. And a bit Dubai. With a little Gold Coast thrown in for good measure. But what are we doing on this bitty isthmus, anyway?
Jamelle Agbuis Dec 05, 2012
What a long, strange, boring, indecisive, inconclusive year it's been for investors. There are big problems which don't seem to have any solution. Yet collapse is not desirable and appears to be preventable, if you give a central bank enough room to cut rates and buy bonds through quantitative easing. Are we stuck in an endless rut? Or will things get worse, then better...or better, then worse?
Jamelle Agbuis Dec 05, 2012
It's not only gun sales that spiked after Election Day. So did the sale of Gold Eagles from the U.S. Mint.
Jamelle Agbuis Dec 05, 2012
In yesterday's Daily Reckoning we promised to tell you today why people stop believing what they believe. We believe what we're going to show is bound to offend you, or at least some of you. But it's a big, bad world and a challenging idea never hurt anyone's feelings. Or if it did, that's too bad. The free world is a rough and tumble place, and you don't have the right to not be offended.
Jamelle Agbuis Dec 05, 2012
Investor optimism about the outlook and prospects for Australian equities is somewhat tempered in the short term, as macroeconomic headwinds such as the fiscal cliff in the US remain in the news.
Admin System Dec 05, 2012
By Greg PeelThe Dow closed down 13 points or 0.1% while the S&P fell 0.2% to 1407 and the Nasdaq lost 0.
Admin System Dec 05, 2012
The ASX200 attempted a rally in the first half hour of trade although the move faded quickly and the index lost ground over the remainder of the session. The weaker economic pulse from the US in addition to the war of words between politicians in relation to the fiscal cliff allowed sellers to get traction over regional indices, the majority of which ended in negative territory at the conclusion of the regional session.
Vittorio Hernandez Dec 04, 2012
The Australian sharemarket is a touch lower ahead of the Reserve Bank's interest rate decision this afternoon. The All Ordinaries Index (XAO) is down 0.2 per cent or 10.0 pts to 4530. Most of the market is now trading in the red, with the energy and mining sectors the biggest drags on trade.
Vittorio Hernandez Dec 04, 2012
German Chancellor Angela Merkel, for the first time on Sunday, hinted that her government may ultimately accept a write-off of Greek debt in the future; but stated that Athens first had to fulfil their fiscal targets, including posting a budget surplus by 2014/2015.
Lawrence Villamar Dec 04, 2012
By Greg PeelDunn & Bradstreet has today released the findings of its September quarter survey of Australian business executives.
Admin System Dec 04, 2012
By Andrew NelsonNovember was a little kinder to uranium producers than September or October was, with new demand trickling into the market and providing some support for spot prices.
Admin System Dec 04, 2012
Thousands of Russian truck drivers probably made the thumbs down sign and said "Nyet" (No in Russian) after they were stuck in a 200-kilometre gridlock over the weekend. The traffic jam along the M-10 motorway lasted for 44 hours and trapped more than 4,000 trucks. The gridlock was caused by heavy snow.
Vittorio Hernandez Dec 04, 2012
Woodside Petroleum announced on Monday that it is committed to buy a 30 per cent stake in the Leviathan offshore gas field for $1.3 billion. It would be Australia's largest foreign direct investment into Israel.
Vittorio Hernandez Dec 04, 2012
By Greg PeelThe Dow fell 59 points or 0.5% to below 13,000 while the S&P dropped 0.5% to 1409 and the Nasdaq lost 0.
Admin System Dec 04, 2012
By Ben TraynorMark Carney's been hired to bang bankers' heads together...WHERE have all good men goneAnd where are all the gods?Where's the streetwise HerculesTo fight the rising odds?Isn't there a white knight upon a fiery steed?Late at night I toss and turn and dream of what I ...
Admin System Dec 04, 2012
By Rudi Filapek-Vandyck, Editor FNArenaAt its final meeting for calendar 2013, the Reserve Bank of Australia (RBA) has sliced off a further 25bp to bring the official cash rate down to 3.
Admin System Dec 04, 2012
Not for the first time, Monday bore witness to one of those perverse circumstances where stocks rise in response to weaker economic news. The last week in the US was defined by a lack of progress in relation to the fiscal cliff, although Republicans and Democrats expressed confidence that the matter would be resolved in a timely fashion. Weekend developments in Washington saw an opening gambit being made by the Democrats, which was summarily dismissed by the Republicans. 'The game' has beg...
Vittorio Hernandez Dec 03, 2012
Is it laughable, or lamentable? The market, that is. In the past few years, it has become a joke...a tool of manipulation, an unreliable source of information. Despite the outperformance of the US equity markets this year, ordinary investors (presumably people with savings they would like to invest in productive and attractive businesses) are not interested.
Jamelle Agbuis Dec 03, 2012
The Australian sharemarket is kicking off the new trading week in positive fashion, with the All Ordinaries Index (XAO) up 0.5 per cent or 22.3 pts to 4540.3. This adds to last week's 2 per cent rise; the local market's second straight week of gains.
Vittorio Hernandez Dec 03, 2012
So we've decided to chronicle our attempt to join an Aussie Rules football team. The Daily Reckoning seems like as good a place as any to do this for your amusement. Thrilling, right?
Jamelle Agbuis Dec 03, 2012
William Knox D’Arcy: The Greatest Australian You’ve Never Heard Of
Jamelle Agbuis Dec 03, 2012
