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CMC Markets - Latest News [Page 18]
Chinese Trade Balance data consistent with an economic upswi
Saturday, 9 February 2013, 10:35 am | CMC Markets
It appears the market was looking for a reason to sell heading into the ECB press conference today. While Draghi’s comments provided a lot of positivity, it was the inflationary concerns that undid the Euro. More >>
Markets back on track
Wednesday, 6 February 2013, 6:51 pm | CMC Markets
Financial markets have shown many admirable qualities so far in 2013 and now we can add ‘bounce-back capabilities’ to that list. The rebound, while impressive, could perhaps be put down to selective short term memory loss by investors. More >>
Extent of European market moves indicate real concern
Tuesday, 5 February 2013, 12:08 pm | CMC Markets
Extent of European market moves indicate real concern By Ric Spooner (Chief Market Analyst, CMC Markets) More >>
US data vindicates market rally
Monday, 4 February 2013, 7:02 pm | CMC Markets
Macro indicators from the key regions of China, Europe and the US in recent weeks has allowed higher yielding assets to ‘stay the course’ north for 2013, while new funds entering the market from the sidelines is also helping to fuel the rally. More >>
Global market events push local index
Monday, 4 February 2013, 12:06 pm | CMC Markets
Weekend news that China’s non-manufacturing PMI rose last month should frank the firm market tone set by Friday’s positive news on US jobs and manufacturing PMI. With China’s services sector now making up around 45% of GDP, a PMI reading of ... More >>
Chinese PMI causes mild disappointment
Friday, 1 February 2013, 6:34 pm | CMC Markets
If the US Payrolls data is incongruent with the optimistic rally of recent months, a sizeable ‘question mark’ will be placed next to the current elevated pricing levels. So far this year the market has shown a great ability to absorb bad news ... More >>
Dollar falls as traders stop to review uncertain outlook
Thursday, 31 January 2013, 4:39 pm | CMC Markets
Dollar falls as traders stop to review uncertain outlook By Ben Taylor (Sales Trader, CMC Markets) More >>
Market down following mixed leads from US
Thursday, 31 January 2013, 4:28 pm | CMC Markets
The Australian equities market is currently trading lower endangering its impressive winning streak. Contrarians, who have been caught short in the past few sessions, expecting a pullback, may breathe a sigh of relief if this streak ends. More >>
Onwards and upwards theme continues for financial markets
Wednesday, 30 January 2013, 6:38 pm | CMC Markets
Buying momentum continues to be on the side of higher yielding assets, with traders clearly liking what they are seeing in terms of both macro indicators and corporate earnings. Apart from the occasional blip such as the most recent US Consumer Confidence ... More >>
Earnings Season prepares return to risk
Wednesday, 30 January 2013, 11:18 am | CMC Markets
Earnings Season prepares return to risk By Andrew May (Sales Trader, CMC Markets New Zealand) More >>
Domestic confidence pushes markets upwards
Tuesday, 29 January 2013, 5:45 pm | CMC Markets
The poor weather has done little to stop today’s domestic confidence pushing our market along in what is proving to be a strong uptrend globally. Locally today we are seeing a lot of defensive buying taking our market higher with large stakes being ... More >>
Australian investors influenced by China’s manufacturing
Friday, 25 January 2013, 11:44 am | CMC Markets
The Australian market is likely to maintain a firm tone today. Apple’s disappointing sales results were the main negative factor for US indices overnight but this is unlikely to worry local investors too much. Broader economic statistics released ... More >>
Markets recover following positive Chinese data
Thursday, 24 January 2013, 5:59 pm | CMC Markets
Despite a slow start to the day due to Apple’s disappointing result overnight our markets have done a u-turn in afternoon trade and are now showing signs of life following the Chinese flash PMI read which posted its fifth consecutive rise. More >>
Benign CPI causes AUD to slide
Wednesday, 23 January 2013, 6:22 pm | CMC Markets
The CPI data today may not have gone so far as to determine the exact course and timeline of interest rates over coming months however it has saved the RBA the headache of balancing slowing growth with stubborn price pressures. Today’s low CPI print ... More >>
Risk appetite keeps Kiwi bubbling into 2013
Wednesday, 23 January 2013, 11:07 am | CMC Markets
2013 has ushered in a positive start for the New Zealand dollar with respective highs traded against most crosses ensuring the Trade Weighted index is supported over 75pts. More >>
Local market to be supported by fear of missing out
Monday, 21 January 2013, 11:57 am | CMC Markets
A positive tone from US markets is likely to see the local market continue its relentless move higher today. Investors waiting for a pull back to buy at better value have been continually frustrated by the almost one way direction of the index since mid-November. More >>
Markets’ Confident Start To 2013 Continues
Thursday, 17 January 2013, 8:51 am | CMC Markets
While financial markets have enjoyed a confident start to 2013 so far, it is still a potentially hazardous environment for investors with cliff fears replaced by those of a ceiling (of the debt variety). It appears the debt ceiling will be the prevalent ... More >>
Republican non-vote throws spanner in the works
Friday, 21 December 2012, 5:56 pm | CMC Markets
Trading had been going along swimmingly during Asian markets hours until news of the Republican –non vote threw a spanner in the works, which saw risk assets quickly reverse course. But even if Republicans agreed to this plan, the Democrats had already ... More >>
Flat start to equities market
Thursday, 20 December 2012, 3:21 pm | CMC Markets
The Australian equities market started the session relatively flat today despite notable losses from its US counterpart overnight. In spite of stronger crude oil prices, the energy sector is underperforming the local market in the session so far. ... More >>
Bridging political gap sends markets north
Wednesday, 19 December 2012, 5:33 pm | CMC Markets
Signs of the political gap bridging between Republicans and Democrats is all the market needed to remain in festive mode on the approach to year end, with Obama and Boehner seemingly moving closer towards middle ground on the key parameters. More >>
