Markets

6 things Australian traders will be talking about this morning

US markets were closed for Thanksgiving last night. But that hasn’t stopped the US dollar from surging again against the yen and many emerging market currencies. The Aussie dollar is hanging tough though, around 74 cents. Metals remained strong in Shanghai again yesterday and European stock markets finished in the […]
6 things Australian traders will be talking about this morning
Markets

Short-sellers look like they’re taking a bath on MYOB and Seven Group

Strong markets offer great opportunities for those contrarian investors who believe that a stock’s price has got ahead of fundamentals. But it looks like the shorts might have taken a bath on their positions in MYOB. The stock’s rise has seen a capitulation in the level of outstanding short positions […]
Short-sellers look like they’re taking a bath on MYOB and Seven Group
Markets

6 things Australian traders will be talking about this morning

It’s funny how sentiment can turn quickly in markets but the overnight price action in the S&P 500 and the Dow, and commentary from many sources in the US suggests that stocks might be running out of steam for this rally. Certainly crude oil’s continued collapse helped feed that notion […]
6 things Australian traders will be talking about this morning
Markets

China’s credit rating outlook is negative and facing a downgrade later this year

Credit rating agency Standard and Poor’s has revised their outlook for China’s sovereign credit rating to negative from stable because it believes the country’s “economic rebalancing is likely to proceed more slowly than we had expected”. Standard and Poors left China’s AA- long-term and A-1+ short-term sovereign credit ratings at […]
China’s credit rating outlook is negative and facing a downgrade later this year
Markets

ANZ: Low wage growth and competition is hurting Australian retailing

The release today of the wage price index for the fourth quarter of 2015 will reinforce again the slow rate of income growth that Australian workers are now facing. That’s important because for consumers, and the shops they spend their hard earned cash in, the retardation of wage growth might […]
ANZ: Low wage growth and competition is hurting Australian retailing
Markets

6 things Australian traders will be talking about this morning

Stocks are lower this morning. Ostensibly this move is being blamed on the big fall in crude oil which has seen Nymex Crude drop 2.255%, back below $35 a barrel. But the linkage could also be that macro-traders are betting on a stronger dollar on the back of Fed promises […]
6 things Australian traders will be talking about this morning