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Economics

Glum

BENJAMIN ONG  |  FRIDAY, 27 AUG 2010
If financial markets are really convinced that there's going to be a double-dip, the Dow would not be "just below" 10,000. It would be back to where it was in March 2009 - somewhere around 6,500 points.

Market Wrap - Morning

AAP  |  FRIDAY, 27 AUG 2010
The Australian market has received mixed leads from offshore trading overnight. Wall Street stock indices ended lower, as did precious metals, but base metals and oil were up.

Market Wrap - Midday

AAP  |  THURSDAY, 26 AUG 2010
The Australian stock market was in positive territory at noon on Thursday, with gains in the banking sector balancing losses in the mining sector.

Cards for houses

BENJAMIN ONG  |  THURSDAY, 26 AUG 2010
The shock factor appears to have diminished. Someone somewhere is seeing some good in the awful housing stats.

Market Wrap - Morning

AAP  |  THURSDAY, 26 AUG 2010
Prospects are looking up for the Australian market when it opens on Thursday morning, with a late surge on Wall Street ending in a positive finish to the day's trade after earlier losses. Precious metals and oil were higher, too, although base metals ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 25 AUG 2010
The Australian stock market at noon continued to trade lower after United States markets fell in the wake of disappointing housing data and more concerns about the recovery in the US economy.

Home trouble

BENJAMIN ONG  |  WEDNESDAY, 25 AUG 2010
Latest figures from the National Association of Realtors has again proved the phrase "safe as houses" wrong -- as it had during America's housing meltdown of 2007-2008.

Market Wrap - Morning

AAP  |  WEDNESDAY, 25 AUG 2010
The Australian market has received strongly negative leads from offshore trading overnight. Equities markets around the world were down - apart from Shanghai - although precious metals were higher.

Market Wrap - Midday

JOHN MCDULING  |  TUESDAY, 24 AUG 2010
The Australian sharemarket was one per cent lower at noon, as the unclear election result continued to weigh on the market.

Bond rush

BENJAMIN ONG  |  TUESDAY, 24 AUG 2010
The herd mentality does not only apply to equities, commodities and properties. The herd is now rushing for "safe-haven" bonds.