CMC Markets - Latest News [Page 25]
Economic growth overshadows international woes
Tuesday, 21 August 2012, 10:09 pm | CMC Markets
The RBA minutes today show that our economic growth has overshadowed international woes. While the statement didn’t mention anything new it did reiterate the markets view that our central bank will not cut rates this year as our inflation rate remains ... More >>
Little reason for investors to change macro view
Tuesday, 21 August 2012, 12:13 pm | CMC Markets
Investors have been given little reason to change their macro view on the share market over the past two days. The market is likely to remain broadly firm on yesterday’s levels in early trade. More >>
Financial markets going through the motions
Monday, 20 August 2012, 5:04 pm | CMC Markets
Lower volatility and narrower trading ranges suggest that traders are continuing to just go ‘through the motions’ in August, knowing full well that September will provide the real Litmus Test for financial markets when we find out what stimulus ... More >>
China remains key focus for Australian resource stocks
Monday, 20 August 2012, 12:11 pm | CMC Markets
A firm opening tone appears likely for the Australian market following stronger US markets on Friday and some evidence of consolidation in China’s housing market. More >>
Merkel’s comments music to the ears of the Euro
Friday, 17 August 2012, 6:30 pm | CMC Markets
Merkel’s comments music to the ears of the Euro By Tim Waterer (Senior Trader, CMC Markets) More >>
Market focused on company earnings reports
Thursday, 16 August 2012, 5:21 pm | CMC Markets
The market has internalised its focus on company earnings reports today, Westfarmers and AMP are both the standout performers. Diminishing expectations of US quantative easing has however given traders reason to continue the switch out of miners into ... More >>
US Data Continues to pose QE3 Questions
Thursday, 16 August 2012, 12:08 pm | CMC Markets
US economic data continues to raise questions over the need for Ben Bernanke to give the market what it longs for, that being QE3. The 0.8% rise in US Retails Sales by itself does not signify a turning of the corner for the US economy. However the rise ... More >>
NZD loses footing over US Retail Numbers
Wednesday, 15 August 2012, 10:43 am | CMC Markets
The NZD has enjoyed being well supported over US 81c for the majority of August. It has only been since Monday that it has lost some ground in the ensuing 'risk vs safe-haven Greenback 'turf war'. More >>
Investors hold fire ahead of data release
Tuesday, 14 August 2012, 9:31 pm | CMC Markets
Equity volumes remain low and investors are holding fire ahead of this afternoon’s EU GDP data and tonight's US retail sales result. The bright spot in today’s market has however been driven by the defensives as opposed to last week’s risk rally ... More >>
Share market set for a quiet day
Tuesday, 14 August 2012, 11:54 am | CMC Markets
World share markets have reached a plateau after adjusting for the possibility of reduced risks in Europe and a surprisingly good employment growth figure in the US last month. Investors appear to have taken valuations about as far as they are going ... More >>
Traders waiting for September
Monday, 13 August 2012, 5:17 pm | CMC Markets
Traders continue to wait for September to arrive with further stimulus from the ECB and FOMC likely on hold until then. With financial markets playing the waiting game for the expected September stimulus, a test of nerves could arrive if Spanish and ... More >>
Australian market to open higher
Monday, 13 August 2012, 11:54 am | CMC Markets
The Australian market is likely to follow Friday’s US lead by opening higher this morning. More >>
Chinese Trade data sends risk assets shifting lower
Friday, 10 August 2012, 5:42 pm | CMC Markets
Financial markets have entered a state of plateau with traders now expecting that September will be the time that central bank action steps up a gear in Europe and the US. Investors stepping into risk assets around the globe are taking Draghi to ... More >>
Jobs data confirms RBA assessment of local economy
Thursday, 9 August 2012, 7:27 pm | CMC Markets
Jobs data confirms RBA assessment of local economy By Ben Taylor (Sales Trader, CMC Markets) More >>
Traders Call For Rate Cuts To Dampen Aussie Dollar
Wednesday, 8 August 2012, 8:50 am | CMC Markets
As expected the RBA kept interest rates at 3.5% today however traders are now calling for further rate cuts given the dampening effect of the high Australian dollar. More >>
European hopes for a firm day on the Australian market
Tuesday, 7 August 2012, 11:41 am | CMC Markets
International markets are becoming encouraged by signs that ECB President, Mario Draghi’s leadership role in Europe may pay dividends. Germany’s statement that it supports plans to buy bonds suggests it is prepared to fall in behind the ECB ... More >>
US jobs data a sight for sore eyes
Monday, 6 August 2012, 5:03 pm | CMC Markets
The healthier looking US employment data came as a sight for sore eyes for financial markets, with the result motivating investors to recommence the search for yield. More >>
Markets expected to rally following US jobs growth
Monday, 6 August 2012, 11:58 am | CMC Markets
The Australian market will follow international markets today by rallying in response to Friday night’s announcement of better than expected jobs growth in the US. More >>
Investors cautious ahead of ECB make or break announcement
Thursday, 2 August 2012, 6:46 pm | CMC Markets
Australia’s better than expected Retail Sales and Trade Balance figures have helped to keep our market mildly positive this afternoon. Investors however remain cautious ahead of tonight’s “make or break” ECB policy announcement. More >>
Traders circumspect ahead of central bank meetings
Wednesday, 1 August 2012, 6:48 pm | CMC Markets
The unified sentiment expressed by EU leaders that initially signalled a Green Light for traders has now turned to more of a flashing amber colour as we await outcomes from the FOMC and ECB meetings. While September seems a more plausible timeline for ... More >>