by Shae Smith on July 28, 2010
On Tuesday, the S&P/ASX 200 ended the day only 11 points higher, closing at 4,497.40.
Coming out today is the consumer price index (CPI) data for June. Economists are expecting figures to increase 1% for the quarter, which would mean annual increases have risen 3.4% for the year.
The Dow Jones Industrial Average gained 12 points last night to close at 10,537.69. The consumer confidence gauge dropped almost four points to 50.4, its lowest reading since February this year. Consumers are still concerned about the job market in the US.
[click to continue...]
VN:F [1.7.3_972]
Rating: 5.5/10 (2 votes cast)
VN:F [1.7.3_972]
by Adrian Ash on July 28, 2010
The bull market in gold is a long way from losing both arms and legs just yet…
WHATEVER FORCE you spy behind this week’s swoon in gold prices to $1160 per ounce and lower, ’tis but a scratch – a flesh wound – so far.
“I’ve had worse!” as Monty Python’s Black Knight says.
[click to continue...]
VN:F [1.7.3_972]
Rating: 0.0/10 (0 votes cast)
VN:F [1.7.3_972]
by Kris Sayce on July 27, 2010
Perhaps that’s what you think when you read Money Morning each day.
But anyway, today we’re referring to something sent in by a reader.
Money Morning reader Paul sent us an email on Saturday saying, “Here we go again…” followed by a link to a Sydney Morning Herald article titled “GM to pay $A3.9b for auto financier”.
We share Paul’s thoughts, here we go again…
[click to continue...]
VN:F [1.7.3_972]
Rating: 7.0/10 (11 votes cast)
VN:F [1.7.3_972]
Rating: +2 (from 6 votes)
by Shae Smith on July 27, 2010
Yesterday, the S&P/ASX 200 closed higher by 27 points, to 4,486.10.
Monday’s producer price index (PPI) figures have come in at slightly lower than economists expected. The PPI figure for the June quarter rose by 0.3% as economists were expecting an increase of 0.3%. The PPI has risen 1% since June 2009.
Overnight, the Dow Jones Industrial Average ended the day higher by 100 points to 10,525.43. The Dow jumped on the back of surprising new home sales data in the US. Sales for June were 23.6% higher than May.
[click to continue...]
VN:F [1.7.3_972]
Rating: 5.5/10 (2 votes cast)
VN:F [1.7.3_972]
by Kris Sayce on July 26, 2010
It turns out, according to the Committee of European Banking Supervisors (CEBS), the European banks aren’t half as stressed as everyone thought.
According to CEBS, the banks are only mildly tense, rather than stressed.
You’ve probably read, or at least skimmed over the details of the results already.
The upshot is that as today’s Australian Financial Review reports, “Just seven relatively minor unlisted banks of the 91 subjected to stress tests failed to pass.”
[click to continue...]
VN:F [1.7.3_972]
Rating: 7.9/10 (9 votes cast)
VN:F [1.7.3_972]
Rating: +5 (from 7 votes)