Australia Interest Rate Cut Unlikely Say Economists

A rise in home loan approvals of 1.1% during November makes another cut in interest rates increasingly unlikely, an economist says. Commonwealth Bank chief economist Michael Blythe said the figures from the Australian Bureau of Statistics (ABS) published on Monday meant the Reserve Bank would not cut the cash rate again during this cycle. “Interest […]

Daily Markets Broadcast 2020-02-25

Daily Markets Broadcast 2020-02-25   Wall Street hit by virus rout   US indices slumped dramatically yesterday as the virus spread outside of China continued. Meanwhile, the WHO has confirmed that China’s data on virus cases are genuine as some provinces report a reduction in totals. The organization also said the spread is not a […]

Daily Markets Broadcast 2019-12-10

Daily Markets Broadcast 2019-12-10 Wall Street loses momentum US indices could not extend Friday’s gains yesterday despite news the US is unlikely to impose the next set of tariffs on December 15, according to the US Agriculture Secretary. UK polls continued to show the Conservative Party on track to win a majority in Thursday’s election. […]

Daily Markets Broadcast 2019-12-04

Daily Markets Broadcast 2019-12-04 Stocks tumble as Trump hints at deal delay US President Trump said last night he was in no hurry to make a trade deal and could even wait until after the election. If one were to be concluded this year, it would have to be the “right” one. Australia’s Q3 GDP […]

Daily Markets Broadcast 2019-12-05

Daily Markets Broadcast 2019-12-05 Wall Street bounces as deal talks reportedly back on track Despite comments from US President Trump earlier this week that he was in no hurry to make a trade deal, US press has reported that officials have said the talks are still making progress. Latest rumours suggest a deal may be […]

Daily Markets Broadcast 2019-11-18

Daily Markets Broadcast 2019-11-18 Trade hopes boost Wall Street Upbeat comments on the progress in the US-China Phase 1 trade negotiations lifted US indices to record levels on Friday. Hong Kong protests intensify as police move to clear protesters from a university. US30USD Daily Chart The US30 index hit a record high on Friday but […]

Goldman Sachs is Optimistic About the US Economy Rebounding in 2020

Goldman Sachs believes the U.S. economy is poised to snap back and certain stocks could have the most upside from the economic recovery. Cyclical stocks, those typically tied to economic growth, have led the record-setting rally in the past three months. While the S&P 500 surged about 8% during the period, cyclical stocks have outperformed […]

US Stocks Lower on Trade Jitters

Wall Street’s main indexes eased from record levels on Monday after a report stoked fresh fears about a resolution to the U.S.-China trade dispute that has hit global growth and roiled financial markets over the past 16 months. The mood in Beijing about a deal was pessimistic due to President Donald Trump’s reluctance to roll […]

Trump and Powell Met Monday to Discuss US Economy

President Donald Trump and Federal Reserve Chairman Jerome Powell, who have been at odds over the direction of monetary policy, met Monday to discuss a variety of economic issues. The two, along with Treasury Secretary Steven Mnuchin, discussed the economy broadly as well as growth, employment trends and inflation, the central bank said. Powell’s “comments […]

Alibaba to Close Order Book Ahead of Huge IPO

Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said. Order books will now close on Tuesday at 12 p.m. in New York (1700 GMT), half a day earlier than initially […]