MARKETS

Australian Stock Market Report – Afternoon 5-10-13

Friday's session largely boiled down to a tug of war between the resources and banks. As has been the case all week the miners won and financials underperformed. At face value Friday's performance appears underwhelming. The ASX200 finished with a gain of almost 8 points, having squandered an early lead of 44 points at its best levels which were seen in late morning trade. Investors appeared happy for some book squaring ahead of the weekend after the market gained 1.7% in the last 5 days.

Australian Stock Market Report – Midday 5-10-13

The main talking point in the early part of Asian trade has been the sharp rally in the US dollar as the Wall Street day was winding down. Many unilluminating rationalisations for the move have been offered, most of them turning around the US Fed's mindset towards quantitative easing. The better reading overnight in relation to the number of US unemployed claiming benefits was seen as adding credence to this view.

The Amusing Trade Data Out of China

What a strange world it is where global capital flees persecution by global central banks into the safety of the high priced Dow and the S&P500. Overnight, we saw another record high in the US indexes. As Dan Denning has been saying, we're in for a global melt-up in the big blue chips as capital seeks a refuge at the 'core' of the financial system.
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Gold is the Investment for the Individual

What about that Dow! Overnight, it punched through the 15,000 mark, on its way to 16,000, 17,000 and beyond. Could it happen? Well, markets are clearly in melt-up mode. But how far can they melt-up before the bust?

Australian Stock Market Report – Midday 5-9-13

The Australian market has extended its gains following much better than forecast job numbers and an unsurprising inflation report in China. The All Ordinaries Index (XAO) is up 0.2 per cent or 11.7 pts to 5,189.6, making it the third day of improvements this week. There were 50,100 jobs added in April, 34,500 of which were full-time positions. The unemployment rate eased from 5.6 per cent to 5.5 per cent and the participation rate (the percentage of working-age Australians either employed or loo...

Australian Stock Market Report – Afternoon 5-8-13

The ASX 200 Index closed at a near five year high today, as investor sentiment was boosted by record closes on the US Dow Jones and S&P 500 Indices, as well as better than expected Chinese trade data. The ASX 200 closed just shy of 5200 points, its best finish since June 30, 2008.

Australian Stock Market Report – Midday 5-8-13

The Australian market is rising thanks to a better than expected Chinese trade surplus and US shares closing at record highs. The All Ordinaries index (XAO) is up 0.7 per cent or 35.8 pts to 5,158.5. A US$18.16bn trade surplus in China at 11.49am (AEST) pushed local shares slightly higher initially while the Australian dollar recorded a more obvious rise to US101.9 cents.

Reaching For Yield In Hot Credit Markets

By Bo Becker and Victoria IvashinaFixed-income investors that have targets based on imperfect risk measures are tempted to take on additional risk to raise their portfolio yields.

DIAGEO CEO Paul Walsh Makes Room for his Successor – Menezes

Out of the blue, Paul Walsh, successful chief executive officer at Diageo Plc, informed that he would retire after successful and fruitful 13 years managing the drinks giant. As it was made public, he would be succeeded by Diageo COO Ivan Menezes.

Economists Predict 2% RBA Cash Rate

- RBA saw need to support economy- Economists predict more cuts will be required- Westpac and Macquarie see a 2% cash rate aheadBy Greg PeelIs the Reserve Bank of Australia "behind the curve"?In its April monetary policy statement, the RBA suggested "Global growth is forecast to be a little below av...

Australian Stock Market Report – Afternoon 5-7-13

The Reserve Bank of Australia's (RBA) somewhat surprise decision to cut rates for the first time this calendar year helped reduce market weakness. The All Ordinaries Index (XAO) slipped by just 0.2 per cent or 11 pts to 5,122.7. At around 2.45pm (AEST), the ASX200 index was up by 0.2 per cent while the Australian dollar hit a low of US101.7 cents just before 3pm (AEST).

Is BHP A Buy?

By Peter Switzer, Switzer Super ReportJust when many Australian investors ? and in all likelihood many of our SMSF subscribers ? are thinking BHP Billiton ((BHP)) must be looking like a buy, one expert for my TV show and this newsletter, Roger Montgomery suggested that the share price could fall int...

Uranium Off To Good Start After Bad April

By Andrew NelsonApril was a funny old month for uranium. After a couple of mostly flat months in February and March, uranium prices dropped through most of April.

RBA Joins The Currency War, Sort Of

By Greg Peel"The exchange rate has been little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time".

Australian Stock Market Report – Afternoon 5-6-13

The Australian share market has started the week's trade on a positive note, following a positive lead from Wall Street at the end of last week on the back of better than expected US Jobs numbers.

Australian Stock Market Report – Midday 5-6-13

The Australian sharemarket is higher thanks to a better than expected US jobs on Friday, however a portion of the gains were wiped out due to a weaker than forecast retail spending report. The All Ordinaries Index (XAO) is up 1.1 per cent or 54.4 pts to 5159.8. The mining sector is the standout at lunch thanks to a strong rise in commodity prices, in particular copper which jumped by 6.2 per cent.

Australian Stocks: What Happened Today?

By Ashley Jessen, director of LearnCFDs.com and author of CFDs Made SimpleDespite an extremely healthy lead from the US bourses overnight and an incredible day for our banking sector, our S&P/ASX 200 was unable to inspire any upside remaining flat for the day, down 0.

Australian Stock Market Report – Afternoon 5-3-13

The Australian sharemarket improved for the second consecutive week, albeit only modestly. The All Ordinaries Index (XAO) edged higher by 0.5 per cent over the five past days and finished largely flat today.

Australian Stock Market Report – Midday 5-3-13

The European Central Bank's (ECB) first rate cut in 10 months overnight is encouraging buyers on the local market for the third time this week. The All Ordinaries Index (XAO) is up 0.3 per cent, taking the gains this week to 0.76 per cent. Monthly non-farm payrolls tonight in the US will keep investors on edge for the next 10 hours. The creation of around 150,000 is now expected by the market for April.

Australian Dollar Outlook - 5-3-13

The Australian dollar has edged slightly higher overnight following the European Central Bank's decision to cut its key interest rate and the release of better US economic data.

Global Markets Overview - 5-3-13

With the FOMC and ECB meetings out of the way now, investors will be encouraged to see central banks remaining committed to stimulating the global economy. There has been increasing pressure on the ECB and BoE to join other major central banks in conducting easing measures.

Singapore Airport, Airways Top Best Gateways, Carriers Lists

Singapore is a tiny city-state, but it looms large in the international aviation industry since its national air carrier and airport topped two separate lists of best airlines and gateways made by Business Insider.

Australian Stock Market Report – Morning 5-3-13

n US economic data, claims for unemployment insurance fell by 18,000 to a five-year low of 324,000. The trade deficit fell from $43.63bn to $38.83bn as a 2.8pct fall in imports outpaced a 0.9pct fall in exports. Productivity grew at a 0.7pct annual pace in the first quarter, short of forecasts for a 1.2pct gain.

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