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…
Short Selling Under the Microscope
It is hard to imagine any retail investor anywhere in the world not paying attention to the news out of United States markets about a battle between hedge funds and ordinary investors on the social media platform reddit.com over the strategy of short selling. Retail investors are cautioned again and again to leave short selling…
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…
When is a sustainable fund sustainable?
Is a fund sustainable just because it says it is? That is the essential question behind the topic of this article: greenwashing. A word that has even earned its place in Meriam-Webster, which defines it as, “expressions of environmentalist concerns especially as a cover for products, policies, or activities”. Think of greenwashing as an asset…
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…
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…
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 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…
