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Showing 11 - 20 of 22 results for "Fed start"

September -- morn or mourn?

BENJAMIN ONG  |  THURSDAY, 6 AUG 2015
... jacked up interest rates quick and fast during these periods. Recall speculations that it would be like 1994 when the Fed start lifting interest rates. Back then, the fed funds rate went from 3.0% in January to 5.5% by December - courtesy of five rate ...

Gold's no longer gold

BENJAMIN ONG  |  TUESDAY, 21 JUL 2015
Well they tried, and they tried, and they tried, but it seems that there's just no bringing back gold's shine. Gold was hit for six - that is, prices dropped for a sixth consecutive day overnight - down to a low of US$1,088.05 per ounce (the lowest ...

The real problem

BENJAMIN ONG  |  FRIDAY, 20 MAR 2015
It didn't happen on the night, but it happened last night. That perplexing perverse performance the financial markets gave to the deletion of the word 'patient' in the FOMC statement has gotten less perverse while we slept - the VIX index rose, so did ...

Slides can be fun too

BENJAMIN ONG  |  TUESDAY, 2 DEC 2014
Brent oil up 4.0% to US$72.94 a barrel; WTI oil up 4.9% to US$69.36 a barrel. Is this it? Have we reached bottom oil? Is this the sliding slippery stuff's equilibrium price? Or just a dead feline bounce? As Bob Dylan would sing to you, "the answer my ...

Seesaw on Wall Street

BENJAMIN ONG  |  THURSDAY, 9 OCT 2014
In droves they returned... the bargain hunters, the bottom fishers and the dip buyers - turning the previous day's see on Wall Street into last night's saw. All are thanking the friendly International Monetary Fund (IMF) for opening up another entry ...

Market wrap PM

AAP  |  WEDNESDAY, 6 AUG 2014
... narrowed to a matter of months. "The market appears to be making some adjustment for the likelihood we are about to see the Fed start to move on interest rates," Mr Spooner said. "This has created some downward momentum in stocks." Closer to home, Mr ...

Waiting for the ECB to exhale

BENJAMIN ONG  |  WEDNESDAY, 4 JUN 2014
Push has now come to shove. Yes Virginia, freshly-released data on the state of inflation and unemployment may have just done it - that is, remove whatever doubts linger that Super Mario's coming back to save the eurozone. The European Central Bank ...

Confusing versus credible

BENJAMIN ONG  |  THURSDAY, 13 FEB 2014
So what happened? Why did the previous day's Yellen yay turned into a Yellen yawn last night? Profit-taking?A Perhaps. Then again, why oh why? Why wouldn't the denizens of Wall Street lighten up their risks portfolios just a day after assured you, I ...

Taper trap

BENJAMIN ONG  |  MONDAY, 28 OCT 2013
"Don't fight the Fed!" I re-introduced this old saying on Wall Street at the end of last week to characterise the financial markets' behaviour du jour. The S&P 500 surely doesn't want to -- it closed at another fresh record high last week...and could ...

Extending the extended extension

BENJAMIN ONG  |  FRIDAY, 27 JAN 2012
Aussie, Ausssie, Aussie! Oi! Oi! Oi! It's time to shake off that hangover all youse blokes and shielas for as we, Australians all, drank and barbecued Australia Day yesterday, the US Federal Reserve gave financial markets another something to celebrate. ...