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Market wrap
AAP  |  TUESDAY, 24 JUN 2014
... base metals, but US stocks were flat while European markets fell and Asian stocks were mixed. IG market strategist Stan Shamu said he also thought Australian investors had noted with interest that China's markets had fallen on Monday despite the positive ...
Market wrap
AAP  |  FRIDAY, 13 JUN 2014
... Street. Another sharp drop in the iron ore price has also sparked heavy falls in Australian miners. IG market strategist Stan Shamu said he thought the market was looking for an excuse to sell in the absence of any good news to drive things higher. "I ...
Market wrap
AAP  |  TUESDAY, 10 JUN 2014
... investors were pricing in further gains that took Wall Street to fresh highs in recent sessions, IG market strategist Stan Shamu said. Strong jobs data pushed Wall Street higher on Friday, and merger and acquisition activity fuelled further rises on ...
Market wrap
AAP  |  FRIDAY, 6 JUN 2014
... Treasuries, and equities. This has helped give Australian equities a boost on Friday morning, IG Markets market strategist Stan Shamu said. "The main sector to benefit from this is the banks. Gold miners are doing well too," he said. "Gold snapped its ...
Market wrap
AAP  |  WEDNESDAY, 28 MAY 2014
... opened on a positive note, led by the big banks, after an encouraging lead from the United States. IG market strategist Stan Shamu said US markets had risen on Tuesday following some good economic data, and the optimism had spread to Australia. "So ...
Market wrap
AAP  |  MONDAY, 26 MAY 2014
... "We've just had a positive lead from Friday's trade. The US just kept ticking along nicely," IG market strategist Stan Shamu said. Mr Shamu said investors were also encouraged by Russian president Vladimir Putin saying he would be supportive of the outcome ...
Market wrap
AAP  |  FRIDAY, 16 MAY 2014
... that have run up the most in nickel and copper while banks are also trading to the downside," IG market strategist Stan Shamu told AAP. "With those sectors not doing well it is hard to see the market trading higher at all and we might even see some of ...
Market wrap
AAP  |  WEDNESDAY, 30 APR 2014
... following positive sentiment, with nearly three-quarters of US companies beating earnings forecasts. IG market strategist Stan Shamu said expectations were for strong US jobs numbers out on Friday, which has translated into gains for Australian risk ...
Market wrap
AAP  |  TUESDAY, 29 APR 2014
... that sanctions imposed on Russia overnight by the US were not as intense as had been expected, IG market strategist Stan Shamu said. "We have also got good local momentum, particularly heading into the ANZ result (on Thursday)," he told AAP. Commonwealth ...
Market wrap
AAP  |  MONDAY, 28 APR 2014
... weak lead, the local market had managed to hold well above the 5,500 point mark in early trade, IG market strategist Stan Shamu said. "Heightening Ukraine-Russia tensions remain a concern, which is limiting any upside for most of the cyclical stocks," ...
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