In fact you don’t have to imagine it all. Or be insane. Bloomberg reports that, “Dollar Rises as Stocks, Commodities Fall in Flight From Risk.”
February gold futures fell below $1,100, down 2.5%. The Dow Jones Industrials fell 1.27%. The S&P 500 shed just over 1%. And the U.S. dollar rallied against all 16 currencies in the dollar index. What gives?
December 18th, 2009 | Dan Denning | 0 comments | Continued
Oil did move up overnight in the futures market to US$71.94. And locally, there was more positive news for energy and energy stocks. Bloomberg reports that, “LNG sales from Australia’s biggest resources project may reach A$300 billion over its first 20 years.”
September 11th, 2009 | Dan Denning | 2 comments | Continued
He added that, “There is enormous concern in China about the US currency and the fact that there could be huge losses ahead for China if the American dollar falls…HSBC research shows that China does not face that risk in Australia. Global investors who want to invest in China can do so via Australia with far less risk.
August 20th, 2009 | Dan Denning | 7 comments | Continued
Well just a day after highlighting the size and scope of the Gorgon LNG project in Western Australia, we have news that it really is a big deal. It is so big, in fact, that Martin Ferguson, the Federal Minister for Energy and Resources, said Australia is emerging as an “energy superpower.”
Shazzam!
August 19th, 2009 | Dan Denning | 5 comments | Continued
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| All Ordinaries | 4350.700 | ||
| S&p/asx 200 | 4276.400 | ||
| China Shanghai Co | 2351.854 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 8976.02 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5905.70 |
