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CMC Markets - Latest News [Page 9]
Markets are down overnight over Asian uncertainty
Thursday, 24 October 2013, 12:20 pm | CMC Markets
Markets are down overnight over Asian uncertainty. A Bloomberg report yesterday announced “China’s biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may be a fresh wave of defaults”. This ... More >>
NZD advances on poor US Jobs
Wednesday, 23 October 2013, 1:15 pm | CMC Markets
With the meteoric rise of the AUD and NZD, expectations of strong headwinds from September US jobs report did little to quench the current voracious global risk appetite - and traders spoke their minds in unison at the disappointing number. Gold jumped ... More >>
Taper Timetable drives market higher
Wednesday, 23 October 2013, 11:44 am | CMC Markets
The probability that US monetary stimulus will be stronger for longer plus upward momentum in the resource sector will lead to a confident open in markets this morning. More >>
US Shares Set New Record on Debt Ceiling Deferral
Friday, 18 October 2013, 11:59 am | CMC Markets
Shares in America hit all-time highs overnight following Congressional bills that re-opened the US government, lifted the debt ceiling and deferred spending cuts. The initial market reaction was negative, as markets “sold the fact” and contemplated ... More >>
US Govt deal in the offing – ‘financial meltdown’ averted
Thursday, 17 October 2013, 1:09 pm | CMC Markets
With the debt hullabaloo in the US pushed back onto the to-do list for early next year, the local sharemarket has moved 0.5% higher in the early trading this morning. Financial and Industrial sectors have led the way so far today, following overseas ... More >>
Senate deal brings market reprieve
Thursday, 17 October 2013, 12:16 pm | CMC Markets
Confidence soared on Wall Street overnight as Senate leaders gave markets a little reprieve announcing an agreement to finally end a government standoff that began on 1-October. This will buy some time reopening the government till 15-January and ... More >>
The Day of reckoning approaches
Wednesday, 16 October 2013, 12:30 pm | CMC Markets
As the House of Representatives once again head back to basics to vote and try and reopen the US government later today, the New Zealand and Australian dollars remains eerily highly priced as if in some ‘sixth sense’ they believe a deal is imminent. ... More >>
Weekend developments may temper Friday’s optimism
Monday, 14 October 2013, 11:58 am | CMC Markets
Asian markets will open the week with traders wondering whether the wind back in risk premium seen over the last couple of trading days was a bit premature. The apparent lack of progress on US debt ceiling negotiations over the weekend and a soft set ... More >>
Kiwi Dollar entrenched as US squabbling ensues
Wednesday, 9 October 2013, 12:08 pm | CMC Markets
Don't expect too much from growth currencies whilst what looks to be a long and drawn-out US political stalemate continues. The Kiwi dollar has withstood a blatant steroid push from the RBNZ over premeditated interest rate hikes as early as Q2 next year; ... More >>
Markets take a breather on US shutdown
Wednesday, 2 October 2013, 12:55 pm | CMC Markets
Markets take a breather on US shutdown but Aussie Dollar will be focused on Building Approvals More >>
Smorgasbord of market data and drama for Investors
Tuesday, 1 October 2013, 6:50 pm | CMC Markets
After a week skinny of local data, traders have been spoilt with a smorgasbord of data and drama to sink their teeth into. More >>
Winds of change affect Risk appetite of Kiwi
Wednesday, 25 September 2013, 12:13 pm | CMC Markets
As Team New Zealand succumb to the awesome might of Oracle USA in the America’s cup finals, so in tow has the NZD retreated humbly against the Greenback. We open today an entire cent lower at US 0.8274 treading a brittle five month support with ... More >>
US Central Bank Surprised Markets Extended Open In Australia
Thursday, 19 September 2013, 12:03 pm | CMC Markets
The US central bank surprised markets last night by not reducing the bond stimulus as was widely expected, sending the US market to record highs. More >>
ASX 200 likely to hit a new high today
Thursday, 12 September 2013, 12:05 pm | CMC Markets
The US market has rallied 135.54 points as the likelihood of a strike in Syria decreases. President Obama stated the he will pursue a proposal by Russia for Syria to surrender its stockpiles of chemical weapons to international authorities. A strike in Syria ... More >>
US jobs and China’s export growth
Friday, 6 September 2013, 12:49 pm | CMC Markets
The markets head into election weekend with a focus on the Senate and the potential impact of Fed tapering. More >>
Aussie Dollar Falls On Possible Syria Action
Thursday, 29 August 2013, 12:41 pm | CMC Markets
The Dow Jones closed up 48 points to close at 14824.51, led by energy stocks as the market corrects itself from Tuesday’s hammering and investors speculate a surge in demand for energy should the US take military action against Syria. More >>
Geopolitical tension weighs on Wall Street
Tuesday, 27 August 2013, 11:55 am | CMC Markets
Wall Street gave up gains and turned negative in the last hour of trade to close sharply lower as US Secretary of State John Kerry warned that the US would demand “accountability” after an “obscene” chemical weapons attack on civilian populations ... More >>
Risk off signifies Kiwi to potential slide lower
Wednesday, 21 August 2013, 11:32 am | CMC Markets
The New Zealand dollar has found itself bandaged and broken after tumbling as much as 200pts against the Greenback and Euro and 130pts against the Great British Pound since Monday’s open. Composing itself to open today at US 0.7960, up from a low ... More >>
Broad decline in the US has minimal impact on local market
Thursday, 15 August 2013, 12:06 pm | CMC Markets
The Dow Jones Industrial Average closed down 113.35 points (0.73%) to close at 15337.66 overnight on the back of investors attempting to determine the end of the Fed stimulus. This will continue to contribute to market volatility until greater certainty is ... More >>
Steadfast Kiwi holds firm footing amidst holiday season
Wednesday, 14 August 2013, 11:00 am | CMC Markets
The Greenback has flexed its muscles overnight gaining ground over most crosses as ‘neither here or there’ US Retail sales figures saw the Kiwi lose ground and retest a firm yet incredibly resilient late July 0.7950 support. More >>
