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CMC Markets - Latest News [Page 8]
Nervous start for stocks
Monday, 3 February 2014, 12:50 pm | CMC Markets
We are likely to see some further risk reduction and selling pressure this morning as the market heads into the profit reporting season. Mixed profit results combined with relatively high valuations in some of major US stocks, especially in the tech ... More >>
Financials weigh on Wall Street
Friday, 17 January 2014, 12:36 pm | CMC Markets
Financial stocks burdened Wall Street overnight as the S&P 500 slips further away from record highs chalked up in 2013. Disappointing earnings from Goldman Sachs and Citigroup left a bitter taste with the S&P 500 closing down at 1,845.89 and ... More >>
Markets in wait and see mode
Friday, 10 January 2014, 12:07 pm | CMC Markets
By Ric Spooner (Chief Market Analyst, CMC Markets) The stock market is likely to strike a subdued tone in early trading as traders wait for data on China’s trade performance and US jobs growth. More >>
Stronger employment fails to impress
Thursday, 9 January 2014, 11:53 am | CMC Markets
By Michael McCarthy (Chief Market Strategist, CMC Markets) Better than expected jobs numbers in the US overnight failed to inspire markets. Instead, the release of the minutes of the last US Fed’s FOMC meeting appeared to focus attention on ... More >>
Ring of Confidence returns
Wednesday, 8 January 2014, 11:55 am | CMC Markets
The ring of confidence returned to international equity markets last night after an ambivalent start to the New Year. This looks set to support a firm opening on our market this morning. More >>
Mixed data sees equity markets lower
Tuesday, 7 January 2014, 12:17 pm | CMC Markets
Mixed economic data kicked off the first full week of trade for the US which saw stocks lower in modest volumes. With a climatic rally to sign off 2013, overbought conditions saw the S&P 500 chalk up a fourth straight month of gains in December. ... More >>
Stock markets see out the year end in a confident mood
Monday, 23 December 2013, 11:38 am | CMC Markets
Friday’s news that 3rd quarter GDP growth in the US has been revised higher to 4.1%pa has set the scene for world equity markets to see out the year on a positive note. Although US markets are by most measures already pretty fully priced, investors ... More >>
Taper related weakness likely to flow through to market open
Friday, 13 December 2013, 11:34 am | CMC Markets
Sellers are continuing to take advantage of attractive stock valuations while buyers remain cautious as solid US retail sales data increases the probability that the Fed’s taper program is about to begin. More >>
Good news still hurting the US
Thursday, 12 December 2013, 12:11 pm | CMC Markets
The Dow Jones fell 129.6 points (0.81%) to 15843 overnight as a congressional budget deal signalled an improvement in the economy and fuelled speculation that the Federal Reserve will reduce the stimulus at its December 17-18 meeting. Congressional negotiators ... More >>
China data spurs on market
Tuesday, 10 December 2013, 11:59 am | CMC Markets
Encouraging data out of China spurred markets overnight with global stock markets edging higher. Persistent uncertainty over the potential trigger for US Fed tapering capped gains. The Dow Jones Industrial Average was up 5.33 points at 16,025.53 whilst ... More >>
Blueprints for a new China
Tuesday, 19 November 2013, 11:54 am | CMC Markets
Ambitious China reform plans took stock markets on a ride overnight with the Dow Jones Industrial Average and S&P 500 breaking key psychological levels at 16,000 and 1,800 respectively. Low interest rates and continued accommodative policies in ... More >>
Kiwi skips a heartbeat as report echoes stern warning
Wednesday, 13 November 2013, 11:32 am | CMC Markets
It’s been a fairly tumultuous week for the Kiwi dollar in which ‘choppy trading’ has affected broad risk appetite with trans-Atlantic equity markets relatively subdued barley clinging onto record highs amidst a resurgent ‘Greenback-comeback’. We ... More >>
Will Twitter’s IPO fly like Google or crash like Facebook?
Thursday, 7 November 2013, 12:43 pm | CMC Markets
Sydney, 7th November 2013 - Ahead of Twitter launching their IPO today, Colin Cieszynski looks at how Twitter can avoid making the same mistakes as Facebook, and alleviate the post-IPO tech trading curse. More >>
NZD provides fireworks spectacular for traders
Wednesday, 6 November 2013, 2:54 pm | CMC Markets
If ever there was further evidence required that the NZ economy has indeed hit the floor running, then look no further than today’s third quarter unemployment data. Like a truly spectacular skyrocket whizzing high into the stratosphere, this better ... More >>
Markets await Rate decision
Tuesday, 5 November 2013, 12:22 pm | CMC Markets
Global stocks edged higher overnight with the S&P 500 extending a four week winning streak to close just below its all-time high. It was a lack lustre session with investors anticipating key US non-farm payroll data due Friday night for more Fed Reserve tapering ... More >>
APRA restricts bank capital
Thursday, 31 October 2013, 12:22 pm | CMC Markets
The US market has fallen 61.59 points overnight after the fed announced a continued stimulus program, signalling weaker growth in the US economy with a continuation of high unemployment. More >>
Kiwi slips lower ahead of Thursday's OCR meeting
Wednesday, 30 October 2013, 12:21 pm | CMC Markets
The New Zealand dollar is fighting to keep its head above US 82.60c prior to the official NZ Reserve Bank cash announcement due Thursday morning. Now purposefully in retreat mode from recent six month highs, the NZDUSD finds itself corrected and ... More >>
Firm day expected despite lack of data
Monday, 28 October 2013, 12:02 pm | CMC Markets
09:50 AEST, Monday 28 October 2013 Firm day expected despite lack of data By Ric Spooner (Chief Market Analyst, CMC Markets) More >>
Another steady Friday
Friday, 25 October 2013, 11:37 am | CMC Markets
As often happens on a Friday, early indications are for a relatively steady and subdued day’s trading on the stock market. More >>
Corporate earnings, China fears enough to pen the Bulls?
Thursday, 24 October 2013, 1:17 pm | CMC Markets
After taking a peek at 5400 before retreating late in the session yesterday, the local sharemarket has held ground in early trade, notching a small gain and defying the overnight performance of its international peers. Having wobbled towards yesterday’s ... More >>
