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Showing 21 - 30 of 56 results for "Feb. 2"

PMI surveys say...

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2015
Markit Economics' flash PMI (purchasing managers' index) data dump yesterday gives us the lay of the land for first quarter economy and beyond. While it's tempting to correlate these PMI readings with the effectiveness (or not) of the monetary policy ...

"Patient" is the (key)word

BENJAMIN ONG  |  TUESDAY, 17 MAR 2015
Say whaaa? Wall Street up - big time (well, relatively) - on the same night that crude oil prices went for another leg down. What ever happened to the headlines of not so long ago that went, "US equities sell off as oil prices tumbles" or something ...

It might just be a matter of time

BENJAMIN ONG  |  FRIDAY, 13 MAR 2015
It's back! That old familiar "good is bad and bad is good" trade on The Street. Stronger-than-expected US payrolls growth equals June interest rate lift off - Wall Street not happy camper. Weaker-than-expected and third consecutive monthly decline in ...

Fight or be beggared by the neighbours

BENJAMIN ONG  |  MONDAY, 2 MAR 2015
Another rate cut is coming, another rate cut is coming. Bloomberg's survey shows (tada!) 18 out of 29 economists expect the Reserve Bank of Australia (RBA) to follow-up February's 25 bps reduction in the official cash rate to 2.25% with another 25 bps ...

Oil slide, CEO pay and that "income recession"

BENJAMIN ONG  |  THURSDAY, 11 DEC 2014
Oil! Oil! Oil! It's on the slide again! Just when we thought, the price of that black gold has found its footing, fresh news of higher supply and inventories and predictions of lesser demand next year took the floor from under it. While I still maintain ...

Aussie, Aussie, Aussie, Oi, Oi, Oi

BENJAMIN ONG  |  MONDAY, 16 JUN 2014
... we were reading about down, down, A$ will go down predictions. We read it in the Australian Financial Review (AFR) on 24 Feb - yes less than four months ago - "$A dollar to hit US66Ac: Deutsche Bank" - and the Sydney Morning Herald (SMH) published on ...

A 1987-style crash cometh (again)

BENJAMIN ONG  |  MONDAY, 14 APR 2014
The Johnny Littles of the financial market world are once more coming out of the woodworks, proclaiming that, "A crash is coming, a crash is coming"! They point to the biotech and social media stocks that are fast running out of puff that could produce ...

Dumping dear momos

BENJAMIN ONG  |  FRIDAY, 11 APR 2014
Uh-oh, are we in trouble now (again)? Wall Street had a big fall overnight providing evidence to those who claim the previous day's bounce was that of a deceased feline. Reports are it's about the rotation out of dear (as in expensive not the lovey-dovey ...

Front-runners

BENJAMIN ONG  |  MONDAY, 7 APR 2014
In big picture terms, not much happened last week. Yes Virginia, the Reserve Bank of Australia (RBA) kept policy unchanged - as expected. The European Central Bank (ECB) guided forward but also stayed on the sidelines. US non-farm payrolls added another ...

Better than good

BENJAMIN ONG  |  WEDNESDAY, 2 APR 2014
Up, up, markets are up. Over the past 24 hours, like any other 24 hours, financial markets were treated to a mix of stats/surveys/news that were either better, worse or in line with their expectations. We've gotten all possible combinations and permutations ...