by Shae Smith on October 28, 2009
The S&P/ASX200 closed down again yesterday to 4,753.50, a 1.59% drop. Again, the materials sector had a weak performance while other declines have been linked to profit taking by investors.
The Dow Jones Industrial Average closed higher, at 9,882.17, a 14 point increase. The Dow zigzagged overnight with unexpected reports on consumer confidence falling low than expected to 47.7. Analysts in the US had anticipated the reading to be 53.1. Follow this story here.
In Europe, the FTSE finished the day up, by 9 points to 5,200.97. A positive start to the US market helped drive the FTSE to close higher. However, underperforming banks in the UK still continue to drag the index down.
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by Shae Smith on October 27, 2009
The S&P/ASX200 closed at 4,830.30 down by 29 points. The materials sector had a weak performance yesterday, and a further decline is expected this morning on the back of the poor performance in the US overnight.
The Dow Jones Industrial Average closed at 9,867.96, a 104 point drop. Bank of America [NYSE: BAC] led the decline. BAC are trying to raise capital to repay the federal bailout but disagree on how much is actually needed to satisfy the regulators. Find out more about this story here:
In Europe the FTSE finished lower by 50 points to 5,191.74. The index dropped based on a weak wall street.
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by Gabriel Andre on October 2, 2009
The index lost 2% yesterday (early morning today for Australian time zone) and closed at 9,509.28 points. The recent high has been posted at 9,918 points last week (point F). The current level is 4.12% lower than this peak.
The weekly chart suggests a further correction. First, the recent price action failed to breakout above a resistance line (horizontal blue line) that was previously a support line. Let’s see this in details. The initial point was a high posted at 9,903 points in November 2003 (point A). Several months later, in 2004, the level around 9,900 points was a support area where several bounced were generated (points B, C and D).
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by Kris Sayce on September 28, 2009
Today we’re putting the final touches to the September issue of Australian Small Cap Investigator.
Seeing as the month of September is nearly finished, we’ve got to get our skates on to make sure it’s in subscriber’s inboxes by Wednesday.
If everything goes according to plan, I’m hoping to have it all laid out by this afternoon so we can push the magic button tomorrow to get it sent out.
So today’s Money Morning will be on the brief side.
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by Kris Sayce on September 7, 2009
I’m not sure whether you’ve noticed or not, but we’ve focused on the property market over the last couple of weeks…
Oh, you have noticed. Good, well, you may – or may not – be pleased to know we’re taking a break from it for today at least.
That’s because we’re not sure if there’s that much more to say. If you think we’ve missed something let me know. But check out the articles that have been posted to the Money Morning website first, and also take a look at the comments made by other Money Morning readers.
If I find anything else exciting to write on property I’ll let you know.
But before I put property to rest, one quick thing. Apparently the property bulls aren’t happy with Money Morning speaking its mind on the property market.
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