CommSec morning report Wednesday
Latest news In US economic data, retail sales rose by 0.9% in April in line with forecasts. Industrial production rose by 1.1% in April (survey: +0.5%). Business inventories rose 2.0% in March (survey: 1.9%). The NAHB housing market index fell from 77 to 69 in May (survey: 75). Speaking at a Wall Street Journal event,…
Why Is Trading a Great Career Choice for Women in 2022?
Even though the age of “men-only” businesses and industries has been fading for some time now, some markets are still perceived as male-dominated. The world of trading is undoubtedly one of them, even though the number of female traders has steadily increased. However, the fact remains that there are significantly more men than women trading…
SGMW posts record new energy vehicle sales
SAIC-GM-Wuling (SGMW), based in Liuzhou of south China’s Guangxi Zhuang Autonomous Region, reported record new energy vehicle sales. By the end of April, the company had sold more than 700,000 units of Hongguang MINI EV, a new energy vehicle model. During the January-April period this year, the company registered sales of 133,902 units of such…
Tuesday evening report
Latest News Despite a mixed lead from Wall St overnight, the Aussie sharemarket lifted by another 0.3 per cent or 20 points, to 7113. This is the ASX 200’s third straight win and its best start to the week in a month. Energy stocks were amongst the best performers, after the sector’s 2.1 per cent…
Former NSW financial adviser sentenced
Ezzat-Daniel Nesseim, of Pymble, NSW, has been sentenced to a three-year intensive correctional order, including one year of home detention, for engaging in dishonest conduct and providing falsified documents to ASIC. Between 16 August 2017 and 11 October 2017, Mr Nesseim engaged in repeated dishonest conduct, including by: using three forged wholesale client certificates by…
PBOC adds liquidity to financial system
BEIJING – China’s central bank on Tuesday conducted 10 billion yuan (1.47 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep liquidity in the banking system…
Markets remain in fight or flight mode
MARKETS US equities fell .4 % in a choppy session to start the week with little change to the broader macro or recessionary narrative. Markets remain in fight or flight mode while rolling the dice on recession odds. Still, traders seem to be in the mood to stay bearish until proven otherwise. However, there is…
Memory chip manufacturing project breaks ground
DALIAN – SK hynix, a semiconductor firm headquartered in the Republic of Korea, started constructing a non-volatile memory manufacturing project in northeast China’s Dalian City on Monday. The project will include a new wafer factory to produce non-volatile 3D NAND chip memory products. SK hynix closed the first phase of the transaction to acquire Intel’s…
CommSec morning report Tuesday 17 May
Latest news In US economic data, the New York Empire State manufacturing index fell from +24.6 to -11.6 in May (survey: +17). European sharemarkets were mixed on Monday with investor sentiment dented by weak Chinese economic data. Luxury good stocks fell with LVMH down 1.1%. But miners rose 1.6%. The panEuropean STOXX 600 index was…
Forex vs Stocks: Which Asset Class Is Best for Traders
Traders in the financial markets have access to many instruments and assets. While that may be true, not all assets are suitable for all traders. The trading model of an investor is dependent on the asset class they choose to trade. Therefore, picking an asset class that best suits their model is key to profitability….
