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Economics

Winter of our discontent

BENJAMIN ONG  |  MONDAY, 1 JUN 2015
While we've all been given the excuse of the severe winter weather, the strong US dollar, the West Coast shipping strike and "erroneous seasonal adjustment" for another one of those weak first quarter in America... certainly, the same excuses could not ...

Market to open lower

AAP  |  MONDAY, 1 JUN 2015
The Australian market looks set to open lower, following falls in US stocks.

Bargain hunters drive strong market gains

AAP  |  FRIDAY, 29 MAY 2015
The prospect of further interest rate cuts, plus plenty of bargain hunting by savvy investors, is fuelling the strongest session on the share market in more than a month.

The recesssion we longed to have

BENJAMIN ONG  |  FRIDAY, 29 MAY 2015
And yup, it's confirmed. These sorts of capex numbers - actual and expected - are consistent with the "recession we had to have", the economy contracted by 1.2% in the March quarter of 1991 and 0.3% in the June quarter of the same year.

Market set for a fairly flat open

AAP  |  FRIDAY, 29 MAY 2015
The Australian market is set for a fairly flat open, after US and European markets lost ground on worries about a potential Greek exit from the euro zone.

Shares lower at lunch time

AAP  |  THURSDAY, 28 MAY 2015
The Australian share market is trading lower despite gains on US markets overnight.

Who's scared of Grexit or lift-off?

BENJAMIN ONG  |  THURSDAY, 28 MAY 2015
Then again, while Grexit continues to be a convenient excuse whenever volatility stirs, this isn't supported by the VIX index's - the fear gauge - recent readings.

Market Wrap AM

AAP  |  THURSDAY, 28 MAY 2015
The Australian market looks set to open higher, after the Nasdaq index on Wall Street bolted to a fresh record peak.

Market lower in broad sell-off

AAP  |  WEDNESDAY, 27 MAY 2015
The Australian share market has opened lower, led downwards by market heavyweight BHP Billiton.

Strong USD reflects (deflects) lift-off

BENJAMIN ONG  |  WEDNESDAY, 27 MAY 2015
A strong currency is a 'de facto' interest rate hike. It slows the economy by making exports less competitive and imports cheaper and it also erodes earnings of offshore US companies when translated back into the greenback. And oh, it also reduces inflation ...