4 August 2020
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New home sales in Australia rose by 3.9% in February after soaring by 8.3% in January. Detached home sales rose by 4.7%. (CommSec)  

Inside Markets

Despite a worse than expected economic growth result for the USA in the fourth quarter, Wall Street only dropped around 1-2%. And while it was a low drama response, the fact that the market still drifts down is a concern. The Dow Jones lost 1.5% to 7,067.   The Nasdaq dropped 1% to 1,377.   […]

Inside Markets

  After this daily report, please see my note to clients. Stocks in the US made a bad start to March, ending at 12-year lows, after insurance company, AIG, recorded a huge quarter loss that’s added to fears about the financial sector and the US economy. The Dow Jones dropped almost 300 points, or 4.2 […]

Inside Markets

The best bit of news was that US Secretary Tim Geithner spoke before Congress and so did Fed Chairman Ben Bernanke, and they did not spark a market sell off. Also the central bank launched its program to get credit to consumers and small business, which will help the economic recovery that will ultimately bring […]

Inside Markets

A four-day losing streak was broken with Wall Street heading in the right direction. Good economic news out of China and the announcement that another stimulus package is to be made gave bulls a chance to beat up on the bears. The Dow Jones rose 150 points or 2.2% to 6,876.   The Nasdaq put […]

Inside Markets

US stocks fell to new 12-year lows on Thursday as investors were shaken by more doubts about the survival of General Motors and Citigroup with shares falling below $1.  The Dow Jones fell 281 points, or 4.1%, to close at 6,594.44. The Nasdaq fell 54 points, or 4% to close at 1,299.59. The S&P 500 index lost 30 points, or 4.3%, […]

Inside Markets

Waiting for a Wall Street rally makes me understand what our poor farmers go through when they are sweating on the breaking of a drought. Over the weekend, the US stock markets limped into positive territory, but it was really a flat result — nothing convincing. I think this is an important week for optimists. […]

Inside Markets

Despite three big merger deals and financial stocks actually going up, Wall Street couldn’t get hot! Possibly the only big market turner story this week comes on March 12 in the USA or Friday our time when a decision could be made to ditch mark-to-market rules. The Dow Jones lost 80 points or 1.2% to […]

Inside Markets

At last I can report a rally and it coincides with the Obama administration coming up with a believable idea to fix the US banking problems. The good news was kicked off with the much-maligned Citigroup telling the market that it’s profitable for the first two months of 2009. Then it was revealed that the […]

Inside Markets

Beggars can’t be choosers and so a small gain on the Dow Jones is better than a big sell off. The best news of the day was the boss of JPMorgan, Jamie Dimon coming out and saying the bank has been profitable for the first two months of 2009. This follows Citigroup saying the same […]

Inside Markets

Beggars can’t be choosers and so a small gain on the Dow Jones is better than a big sell off. The best news of the day was the boss of JPMorgan, Jamie Dimon coming out and saying the bank has been profitable for the first two months of 2009. This follows Citigroup saying the same […]

Inside Markets

Another positive finish on Wall Street with the S&P 500 up around 10% for the week. This was badly needed and it followed better communication to the market from the White House and news that the likes of Citigroup are trading profitably. The feeling is that this rally will continue with only a surprise bad […]

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