CommSec Daily Report Friday
Latest newsAussie shares are lifting for a second day and the 11th time in 15 sessions thanks to gains across almost all sectors. The ASX 200 is up 0.4 per cent and is near two-month highs, keeping local equities on track to have the best start to a new year since July 2016.US markets were…
CommSec Daily Report Thursday
Latest NewsIn an uneventful start to the session, local shares have been treading water in the early part of trade on Thursday. The ASX 200 index traded in a tight range in the morning but is trading at its best levels approaching lunch, up 10 points or 0.2% higher to 5854.Improvements have been led by…
CommSec Daily Report Wednesday
Latest newsAussie shares are losing ground for a second day, with the ASX 200 index slipping by close to 0.3 per cent at lunch on Wednesday. US stocks provided a softer lead with the Dow Jones down 1.5 per cent (after a long weekend) as investors reacted to the IMF’s cut to global growth forecasts….
The US Financial System Is In Danger Of Collapsing, Researcher Warns
By Ron Hera, Hera Research, LLC Famed Austrian economist Ludwig von Mises wrote in his seminal work, Human Action (originally published by the Yale University Press in 1949), that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come…
Sonray Collapse Gives CFDs An Unfair Rap
The collapse of Sonray Capital Markets has put the spotlight on the fastest growing trading instrument in Australia, contracts for difference (CFDs). Since 2002, when CFDs were first launched in Australia, tens of thousands of Aussie speculators have been successfully trading them – taking long and short positions over domestic and international equities, indices, foreign…
The RBNZ prepares to kick-off a lengthy tightening cycle
By Chris Tedder, Research Analyst, Forex.com The Reserve Bank of New Zealand is expected to kick-off a prolonged tightening cycle this week by increasing the official cash rate by 25bps to 2.75% (the announcement is due at 2000GMT tomorrow). This represents a significant turning point in monetary policy in NZ. The RBNZ has kept the…
Stock Of The Week
By George Whitehouse – StockVal Investment Analyst Washington H. Soul Pattinson and Company (ASX:SOL) is one of Australia’s oldest companies. When Caleb Soul and his son Washington opened their first store at 177 Pitt Street, Sydney, in 1872 neither of them could have imagined that over 130 years later their single pharmacy would have evolved…
Risk on? Australian banks skirt unofficial home lending limits
By Rodney Maddock, Monash University Australian banks are much more heavily exposed to mortgage lending than banks in most parts of the world, which is why the latest publication of APRA data on home lending has set the hares running. The data showed 14% of the recent mortgage lending by banks has been for loans…
Market crash signals
Before the tech crash of 2000, some keenly attuned investors spotted something unusual. Although the major US indices – the Dow and the S&P 500 – continued to climb, the gains were made by a declining number of stocks, mainly Internet stocks. A shift in investor behaviour was clearly in the making as stock movements…
Intervene or wait? The RBA faces tricky path to a lower dollar
By Mark Crosby, Melbourne Business School Reserve Bank Governor Glenn Stevens has again weighed in on the value of the Australian dollar, telling a group of economists the bank is open to the idea of intervening to bring its value down. With the Australian dollar having been plus or minus ten cents from parity…
