How about that? Contrary to our gloomy disposition yesterday, the stock market has taken off like a rocket this morning. The material sector is up 2.9% today alone. It was the worst performing sector in Australia on the ASX in 2011, down 25% thanks to lower commodity prices.
January 4th, 2012 | Dan Denning | 7 comments | ContinuedAll Posts Tagged With: "Australian shares"
MF Global the Broken Dealer
The collapse of broker-dealer MF Global Holdings Ltd. The firm declared bankruptcy on October 31st after making a $6.3 billion bet on European government debt. And that was the good part of the story.
November 21st, 2011 | Dan Denning | 3 comments | Continued
Oil Contango Narrows
Hey what’s this? Oil prices were up nearly 9% in New York, or about US$3.73 a barrel to $45 a barrel. OPEC production cuts and inventory reductions have brought global supply more into line with global demand (which is dramatically reduced owning to the world financial calamity).
March 5th, 2009 | Dan Denning | 4 comments | Continued
