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 stocks"
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
One Less Safe-haven Currency Class for Global Investors
–That smooching sound you hear is the sound of Australian investors planting a big fat kiss on the bald head of RBA Governor, Glenn Stevens. Stevens has no plans to raise interest rates anytime soon in Australia. He said as much in remarks yesterday. Despite a hell-storm brewing in Europe, Aussie stocks have opened the day up almost two per cent.
–What did the money-price fixer have to say?
September 7th, 2011 | Dan Denning | 1 comment | Continued
Why is 5,000 a Key Psychological Level?
By the way, is that phrase “key psychological levels” just a load of horse pucky used by analysts and commentators to try and explain things they don’t understand?
April 8th, 2010 | Dan Denning | 2 comments | Continued
CBA and Their Bad Debt Problem
It rode the FHOG to higher loan values and volumes and market share. If those borrowers struggle with higher interest rates or – horror of horrors – Aussie house prices grow less fast (or even fall) – we’d expect to see the bad debt problem again affect earnings growth…
February 10th, 2010 | Dan Denning | 119 comments | Continued
Australia Has Highest Household Debt to Disposable Income Ratio in World
The chart above doesn’t have the most recent data. It appears to show a gentle decline in the household debt-to-disposable income ratio. Since then, though, due to higher debts and income growth that’s not quite kept up, the ratio has turned up again. It’s around 156% today…
February 3rd, 2010 | Dan Denning | 127 comments | Continued
