Markets

6 things Australian traders will be talking about this morning

After looking better early the Dow and S&P 500 slid in the back half of the day’s trade as oil collapsed again even though inventories were down, not up. That’s left the SPI 200 September futures pointing to a 19-point loss on the open of the ASX200 at 10am. On […]
6 things Australian traders will be talking about this morning
Markets

6 things Australian traders will be talking about this morning

USDJPY collapsed. That’s raised concerns about global growth and dragged stocks lower overnight as traders again wondered about the path of global growth. At the close the Dow was 0.98% lower and the S&P 500 dipped 1.2%. In Europe, French and German stocks were around 1% lower while in London […]
6 things Australian traders will be talking about this morning
Markets

PIMCO: Blue-chip stocks may be next on the ECB’s shopping list

Even with rate cuts, additional asset purchases and new targeted longer-term refinancing operations (TLTRO), the ECB monetary policy “Bazooka” wasn’t enough to lift risk assets overnight. While the amount of policy easing provided by the ECB beat the vast majority of analysts forecasts, it was the admission from ECB president […]
PIMCO: Blue-chip stocks may be next on the ECB’s shopping list
Markets

WESTPAC: The euro rally is unlikely to last

Like a spring released from under pressure, the euro ripped higher overnight despite the ECB delivering a so-called policy “bazooka” at its March monetary policy meeting. The catalyst for the sudden and sharp recoil in the euro came from ECB president Mario Draghi during his scheduled press conference after the […]
WESTPAC: The euro rally is unlikely to last
Markets

CHARTS: It could be years until some major central banks hike rates

In a world where negative interest rates are quickly becoming the norm rather than the exception, it should come as no surprise that expectations for rate hikes in developed economies are fading fast. This phenomenon is no better demonstrated than in the charts below, supplied by Morgan Stanley’s cross-asset strategy […]
CHARTS: It could be years until some major central banks hike rates
Markets

BLACKROCK: Negative interest rates are a dud

Like a growing chorus of analysts, Blackrock’s chief investment officer of global fixed income, Rick Rieder, isn’t a fan of negative interest rate policies. Writing on the fund manager’s blog earlier this week, Rieder outlined why, in his opinion, the policy adopted by the European Central Bank, Bank of Japan […]
BLACKROCK: Negative interest rates are a dud
Markets

6 things Australian traders will be talking about this morning

A better night on global stocks after ECB president Mario Draghi promised more easing in Europe. That helped the DAX recover from early losses after a really weak Asian lead where the Nikkei and Shanghai composite both collapsed into the close. The ECB-induced positivity and the massive 4.87% bounce in […]
6 things Australian traders will be talking about this morning
News

10 things you need to know this morning in Australia

It’s Friday, in case you hadn’t noticed. 1. Carnage. That’s all you can say about stocks. Especially in Europe, after Mario Draghi didn’t ease anywhere near as much as everyone hoped. The DAX lost 400 points, the CAC lost about the same and the FTSE dropped 2.27%. That put pressure […]
10 things you need to know this morning in Australia
Markets

6 things Australian traders will be talking about this morning

Bad Santa. The rally in stocks didn’t just stall last night – it went into full retreat. European markets were hammered lowered after Mario Draghi delivered a monetary Fiat, not the Ferrari the market expected. That put pressure on the US market which was then compounded by Janet Yellen again […]
6 things Australian traders will be talking about this morning