Stock markets are fixing to make their highest highs since September of 2008. The Dow nearly closed at a post-Lehman high of 11,000 overnight in New York trading. And here in Australia, the ASX/200 looks to break out of a long channel of indecisiveness and close above 5,000.
Surely those numbers indicate that people feel good about the economy.
April 6th, 2010 | Dan Denning | 3 comments | Continued
By the way, no one should assume that Australia will always have China to fall back on, whether it is for capital in a pinch, or long-term resource demand. China’s apparent economic recovery is “mild” and “unstable” according to a study…
June 9th, 2009 | Dan Denning | 6 comments | Continued
So what now? Well, the Chinalco bid came at the bottom of the market. Things are a bit better now. And shareholders seem eager to provide the needed capital rather than bringing on board a suitor whose intentions are at best, opaque.
June 5th, 2009 | Dan Denning | 0 comments | Continued
Over at the Wall Street Journal’s European edition (paid subscribers only), Frenchman Jacques Attali reckons we are all on the road to Weimar now. That is, he believes the entire planet may be headed for a depression and massive inflation. We are slouching towards Weimar Germany, where inflation was rampant…
February 16th, 2009 | Dan Denning | 7 comments | Continued
Australian Treasurer Wayne Swan announced this weekend that Chinalco is more than welcome to 11% of Rio Tinto (ASX:RIO). He made it sound like there were some caveats, provisos, and addendums. But at the end of the day the Treasurer said, “I have decided to raise no objections under Australia’s foreign investment policy.” Okay. There are just two conditions that apply, though.
August 25th, 2008 | Dan Denning | 2 comments | Continued
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| All Ordinaries | 4318.800 | ||
| S&p/asx 200 | 4242.300 | ||
| China Shanghai Co | 2340.25 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 8985.79 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5905.70 |
