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CMC Markets - Latest News [Page 28]
Financial markets looking jaded ahead of EU Summit
Monday, 25 June 2012, 6:59 pm | CMC Markets
Financial markets are taking on a jaded appearance as we approach what is expected to be another non-event of an EU Summit. With low expectations of something meaningful coming from the EU leaders, the tendency of traders is to play it safe and give higher ... More >>
Markets quiet and sombre
Monday, 25 June 2012, 11:52 am | CMC Markets
Quiet and sombre look as though they will be appropriate descriptions for the Australian market in the last week of the financial year. More >>
Financial markets banking on FOMC to come to the party
Wednesday, 20 June 2012, 5:37 pm | CMC Markets
The mood of financial markets has swung into more favourable territory, however the large dependence on the FOMC to ‘come to the party’ with more monetary easing adds a sizeable layer of fragility to the recent rebound. More >>
Kiwi adjusts cross bar to Euro 0.63c and US 0.80
Wednesday, 20 June 2012, 11:04 am | CMC Markets
The six month lows witnessed a month ago seem now merely a blip on the radar as the New Zealand dollar once again triumphantly adjusts its target range to 0.63c Euro and 0.80c US consecutively. More >>
Greek election signals green light for risk
Tuesday, 19 June 2012, 11:15 am | CMC Markets
The Greek election result signalled a Green light for the resumption of buying in higher yielding assets. Traders took great comfort in the knowledge that a win for the New Democracy party at the ballot box would provide a degree of stability regarding ... More >>
Markets to open higher but investors still cautious
Monday, 18 June 2012, 1:33 pm | CMC Markets
Markets to open higher but investors still cautious By Ric Spooner (Chief Market Analyst, CMC Markets) More >>
Greek election shaping as a game-changer
Friday, 15 June 2012, 5:26 pm | CMC Markets
Financial markets seemingly have a modicum of preparedness heading into the Greek elections, having taken some comfort in the knowledge that central banks have their finger on the liquidity-injection trigger should things turn pear shaped at the ballot. More >>
Europe concerns drive market positions
Thursday, 14 June 2012, 4:44 pm | CMC Markets
So much recent market positioning has been a direct reflection of concerns in Europe but it seems as though wider risk markets have entered into a holding pattern that you would expect to remain now until after the weekend. There have been sporadic ... More >>
Risk aversion dominates investors ahead of Greek election
Thursday, 14 June 2012, 11:56 am | CMC Markets
The Australian market is expected to have a lacklustre start due to continuing concerns in Europe and disappointing US Retail Sales data. I would expect a low volume on today’s session with risk aversion dominating the mind set of investors leading ... More >>
NZ economy robust following OCR left on hold at 2.50%
Thursday, 14 June 2012, 11:33 am | CMC Markets
Outgoing Reserve Bank Governor Dr. Allan Bollard once again left the New Zealand official cash rate on hold at 2.50% and remarked it will inevitably stay there until at least January 2013. More >>
AUD back within striking distance of parity
Wednesday, 13 June 2012, 6:01 pm | CMC Markets
The Australian Dollar is again within striking distance of parity, mostly due to traders being re-energised by stimulus hopes from the US and Europe. More >>
Kiwi advances on short term risk rally
Wednesday, 13 June 2012, 11:29 am | CMC Markets
As the baton of negative contagion moves across Europe, investors are taking advantage of a two week short term rally that has seen a persuasive return back into risk portfolios. More >>
International markets spark a relief rally
Thursday, 7 June 2012, 5:37 pm | CMC Markets
Overnight markets jumped above their 200 day moving averages sparking a relief rally. It’s actually hard to see the defining reason for the international rally. The market would have you believe that it was all about coordinated stimulus talk, however ... More >>
Markets buoyed by upbeat sessions overnight
Thursday, 7 June 2012, 2:20 pm | CMC Markets
The Australian market is primed to start strongly in today’s open, buoyed by upbeat sessions from overseas markets last night. We are expecting to see an occurrence we have not seen for the past few weeks; investors wearing their risk-on hats. More >>
Australia passes GDP ‘health check’ with flying colours
Wednesday, 6 June 2012, 6:12 pm | CMC Markets
The GDP result came like a bolt from the blue which sent the Australian Dollar soaring, with traders re-assessing the interest rate picture over coming months. If the RBA was tempted to go with a 50 basis point cut on Tuesday, they will now be breathing ... More >>
CMC Market Commentary
Wednesday, 6 June 2012, 11:37 am | CMC Markets
Post Queens Birthday break, the New Zealand share market experienced a delayed reaction to Friday's disappointing US jobs data dropping at least 1% yesterday. Yet remarkably and over the course of the week so far we've found our dollar sitting comfortably ... More >>
Market expected to open slightly stronger
Tuesday, 5 June 2012, 11:41 am | CMC Markets
International risk markets generally held the line last night and our market is likely to do the same prior to this afternoon’s RBA announcement. More >>
Financial markets flooded with negativity
Monday, 4 June 2012, 5:24 pm | CMC Markets
When it rains bad news it pours, and last week financial markets were flooded with negativity. Pitiful PMI’s from around the globe had put traders on edge however the real kicker came in the form of the US jobs data which caused much despair and ... More >>
Asian markets poised on the edge
Monday, 4 June 2012, 12:50 pm | CMC Markets
Asian markets are poised on the edge this morning. Following weaker PMI readings in China on Friday, US non-farm payrolls for May came in below the lowest estimates, and saw April numbers lopped by a further 38,000 jobs. Aided by continuing doubts ... More >>
Chinese PMI does little to steady trading nerves
Friday, 1 June 2012, 6:24 pm | CMC Markets
Commodities continue to feel the pain from Spain with investors wanting to remain at arm’s length from oil positions, while global economic data shows no signs of any imminent demand pressures on the crude price. The old saying of ‘sell in May’ ... More >>
