Petrol prices set to ease from 11-month high.
Petrol prices set to ease from 11-month high Record home lending, Job ads lift for 8 months Petrol Prices; Job ads; Lending Indicators; Used car prices, Inflation; Bank notes • Fuel prices: The national average price of unleaded petrol rose by 0.7 cents a litre last week to an 11-month high of 134.7 cents a…
Asia shares slip again, silver gets boost
SYDNEY, RAW – Asian shares are wavering amid worries that problems with vaccine rollouts combined with new strains of COVID-19 will delay a global economic recovery that has already been baked into the market’s rich valuations. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4 per cent early on Monday, following four straight sessions…
ASX down as Wall St conflict continues
SYDNEY, AAP – Australia’s share market was a little lower, and most sectors down, as the GameStop trading controversy continued to unsettle investors. The S&P/ASX200 benchmark index was lower by 10.3 points, or 0.15 per cent, to 6597.1 at 1200 AEDT on Monday. The All Ordinaries was lower by 15.7 points, or 0.22 per cent,…
Silver is the new GameStop as price soars
NEW YORK CITY, AP – The erratic trading in shares of underdog companies such as GameStop that turned markets combustible last week appears to have migrated to commodities, sending silver prices surging to an eight-year high. Silver futures jumped more than nine per cent on Monday to $US29.42 an ounce with #silversqueeze trending on Twitter….
Wall St drops after J&J vaccine data
NEW YORK, RAW – US stock indices have dropped, closing out the Friday session with the biggest weekly fall since October, as investors gauged the ramifications of Johnson & Johnson’s COVID-19 vaccine trial results, while a stand-off between Wall Street hedge funds and small, retail investors added to volatility. Johnson & Johnson fell 3.56 per…
Asian equities set to gain, dollar eases
NEW YORK, RAW – Asian stocks were set to rise on Friday after US shares rallied and the dollar eased overnight, as fears of social-media driven hedge fund selling abated and the US earnings season got off to a strong start. Concern about a hedge-fund rout that gripped the market on Wednesday eased after trading…
Asia shares unsettled by Wall St swoon
TOKYO, RAW – Asian shares have slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent, with valuations looking stretched given the…
US trading platforms ban buying GameStop
WASHINGTON, D. C., DPA – Users of a popular US platform for trading stocks are in an uproar after Robinhood banned the buying of shares in GameStop and other beaten-down companies that registered sky-high price moves on speculative bets. Other stocks hit by the sudden rule include movie theatre chain AMC, Blackberry and Nokia. All…
US stocks have worst day in three months
NEW YORK, RAW – US stocks have suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. Shares of videogame retailer GameStop Corp and movie theatre…
S&P, Nasdaq slip from record levels
NEW YORK, RAW – The S&P and Nasdaq have slipped from record levels at the close as investors digested a batch of corporate earnings results, while an expected policy announcement from the Federal Reserve helped to limit moves. 3M Co climbed as one of the biggest boosts on the Dow after it benefited from lower…
