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CMC Markets - Latest News [Page 21]
US election result to have greatest impact on currency
Wednesday, 7 November 2012, 1:09 pm | CMC Markets
Last night’s price action gave an insight into the likelihood that the biggest market impact from an Obama victory will be in the US dollar and commodities. More >>
Risk assets continue to rally as US polling begins
Wednesday, 7 November 2012, 11:48 am | CMC Markets
The gloves are off for most risk asset classes as we head to a nail biter of an election result of just who will win the US presidential running and ultimately the world’s strongest economy for another four years. In one corner Republican candidate Mitt ... More >>
Has the RBA finished cutting rates?
Tuesday, 6 November 2012, 6:25 pm | CMC Markets
The market consensus that there would be another rate cut prior to Christmas is likely to be altered by today’s RBA statement. After deciding not to cut rates today, the Governor’s statement falls short of the easing bias that allows investors to ... More >>
Investors cautious ahead of big data week
Monday, 5 November 2012, 12:15 pm | CMC Markets
Our market looks like opening pretty much unchanged on last week’s close despite a 1% decline in US markets on Friday. This partly reflects the fact that the Australian market fell quite heavily on Thursday so Friday’s US move represents something ... More >>
US Payrolls to set the table for market sentiment
Friday, 2 November 2012, 5:38 pm | CMC Markets
With the upcoming US jobs report potentially having both financial market and electoral ramifications, the result may be a turning point for investments which may start to diverge from recent trading ranges depending on the result. Just which side of ... More >>
Australia: Investors rush for safety
Thursday, 1 November 2012, 5:11 pm | CMC Markets
We have seen broad local based selling today with no sector spared as the market comes to terms with Hurricane Sandy, US earnings disappointments and Euro Finance Minister’s calls for deeper budget cuts to Greece after the Greek Budget Estimates. More >>
Flat start expected following return to US trading
Thursday, 1 November 2012, 12:05 pm | CMC Markets
A flat start to the Australian equities market is expected today as the US session ended in a stalemate when it returned to trading last night. The release of the Chinese Manufacturing PMI figure at midday today and the HSBC Final Manufacturing PMI data ... More >>
Europe provides direction with US market activity on hold
Wednesday, 31 October 2012, 5:59 pm | CMC Markets
US market reaction upon recommencement of trading will be interesting to see as traders weigh up the economic implications of the storm. But while the storm has placed US sharemarkets on hold, European markets have been ticking along nicely and this has ... More >>
Kiwi remains steadfast with Frankenstorm
Wednesday, 31 October 2012, 11:28 am | CMC Markets
The New York Stock Exchange remained closed for another night as chaotic Hurricane Sandy continued to wreak havoc heading west over lower Manhattan. The damage to the eastern starboard of the US coast is estimated to be well over US $20bln. Not since ... More >>
Frankenstorm spoils the party
Tuesday, 30 October 2012, 5:39 pm | CMC Markets
Local stocks are trading slightly lower today following leads from European markets as Hurricane Sandy makes its full force known to American shores. More >>
Quiet day as markets assess impacts of Hurricane Sandy
Tuesday, 30 October 2012, 12:17 pm | CMC Markets
Australian investors look set for another quiet day with the news that US markets will be closed for a second day. More >>
US GDP result stems the bleeding
Monday, 29 October 2012, 6:38 pm | CMC Markets
The US GDP result appears to have momentarily at least stemmed the bleeding for riskier assets which were pummelled last week at the hands of a dismal round of US corporate earnings. Psychologically the market needed this result, even if federal Government ... More >>
Aust: Firm tone expected from morning’s trading
Monday, 29 October 2012, 12:56 pm | CMC Markets
With the benefit of a weekend’s hindsight, the Asian markets appear to have overshot to the downside in late trading on Friday afternoon. The late rally in US markets is likely to set a firm tone to this morning’s trading as our market corrects. More >>
Positive economic drivers few and far between
Friday, 26 October 2012, 7:22 pm | CMC Markets
The cupboard is starting to look a little bare when it comes to positive economic drivers for financial markets, and the effect is a stalling of upside momentum. US corporate earnings continue to deflate investor confidence and cause a reassessment ... More >>
Australian market rebounds higher defying US leads
Thursday, 25 October 2012, 6:38 pm | CMC Markets
The Australian market has rebounded slightly higher today following this week’s correction. We have defied US leads overnight amid soft commodity prices and the Federal Reserve’s growth outlook. More >>
Investors cautious following negative statement from the Fed
Thursday, 25 October 2012, 11:57 am | CMC Markets
Investors cautious following negative statement from the Fed By Miguel Audencial (Sales Trader, CMC Markets) More >>
Rebound performance by the AUD
Wednesday, 24 October 2012, 6:49 pm | CMC Markets
The Australian Dollar (AUD) enjoyed a nice rebound performance today after it took a bruising during the New York session. The rise today came in two stages, with the hot CPI reading and then the jump in Chinese Manufacturing data contributing to send ... More >>
Rough earnings season knocks risk appetite
Wednesday, 24 October 2012, 11:06 am | CMC Markets
Rough earnings season knocks risk appetite By Andrew May (Sales Trader, CMC Markets New Zealand) More >>
Firm open expected
Tuesday, 23 October 2012, 11:53 am | CMC Markets
The Australian market is likely to open firm today. Positive momentum at the end of the US market and a better than expected result from Yahoo should lead to a mildly positive sentiment in the local market this morning. More >>
Traders eagerly await PMI data from around the globe
Monday, 22 October 2012, 8:35 pm | CMC Markets
Traders eagerly await PMI data from around the globe By Tim Waterer (Senior Trader, CMC Markets) More >>
