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| | | ... of the above. But in case you didn't notice, the euro has only fallen by a mere 0.3% versus the greenback to 1.3627 last night from 1.3672 at the star of the year - the time when the Fed started taper - this close to a major ECB move. It could be that ... |
| | | | For those who still doubt that expectations matter in the financial market, last night's double boo boo on Wall Street should cast those doubts aside. The Institute of Supply Management (ISM) released its manufacturing index for May last night. Markets ... |
| | | | It's oh so bad that it's good. This, Virginia, is the conclusion one would reach if you put last night's assessments on Wall Street with that of the previous day... that is, if one could try to stop oneself from laughing at the spinmeisters. Wall Street ... |
| | | | ... month more, shouldn't they? But nah, the cheery mood on Wall Street sparked by these good stats were turned around last night. Large caps, small cap, tech stocks dipped. Guess what the spin du jour was? It's anxiety over what the recalibration of the ... |
| | | | ... none of that when he delivered his keynote address to the ECB's annual Forum on Central Banking in Sintra, Portugal last night. There were no ifs, ands, ors... nor buts. No more "Wiggle, wiggle, wiggle, wiggle, wiggle yeah..." I can just imagine the ... |
| | | | ... Goliath's by their noses. Small caps up, big ones up... small caps down... The Russell 2000 index is down 2.6% this May to last night and minus 5.7% this year to last night. But have no fear the Fed is here. This, at least, is what could be gleaned from ... |
| | | | ... superannuation into sync with age pension reforms that were announced in last week's budget. The Treasurer was speaking last night on the ABC Q&A program in front of a live audience in western Sydney. Responding to questions on whether the government ... |
| | | | ... brave or foolhardy," BBC Sydney correspondent Jon Donnison wrote following Treasurer Joe Hockey's budget speech on Tuesday night. The journalist said that "compared to most countries, Australia is doing relatively well" and added that "this is not Greece ... |
| | | | ... the first time. No major local economic news is expected on Wednesday, following the federal budget's release on Tuesday night. In equities news, the Commonwealth Bank posts its quarterly trading update and CSR is expected to release its full year results. ... |
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