27 October 2020
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Inside Markets

 More evidence of US companies reporting better than expected helped Wall Street to a positive finish, though the Dow Jones missed out on beating six-weeks up in a row. However, the Nasdaq made it seven out of seven. The Dow Jones Index put on 119 points or 1.5% to close at 8,076.29. The S&P 500 rose […]

Inside Markets

Despite worries about swine flu and how long this rally can last, Wall Street only registered a small loss showing the bears are not in control, at least for the moment. The Dow dropped 52 points or 0.6% to 8,025.   The S&P 500 slipped 8 points or 1% to 857.   The Nasdaq gave […]

Inside Markets

The Yanks learnt that their economy contracted at an annualised rate of 6.1% and Wall Street still stuck to the positive. Buried in the figures was a massive drop in exports, but a 2.2% increase in consumer spending. This follows the near-10-point rise in Consumer Confidence in April. The bears and the short-sellers must be […]

Good News Daily

 Professional market players are being less bearish. CNBC interviewed John Buckingham, chief investment officer at Al Frank Asset Management in Laguna Beach, California and he was hopeful for the reporting season ahead. "We're getting the kinds of things you would hope to get to justify a rally in the market," he said. "The hope is […]

Good News Daily

Craig James from CommSec can see a silver lining in recent building approval figures. “The much-promised building recovery has finally arrived with a rash of new commercial and apartment projects approved by local councils. It had been expected for some time that the tight rental market, low interest rates and soaring population growth would translate […]

Good News Daily

We know how China’s recovery is important for the global economy and particularly the Australian economy. Well, we had some very good news yesterday. The Purchasing Managers' Index (PMI) of China's manufacturing sector rose for the fourth straight month in March to 52.4%, up 3.4 percentage points from a month earlier. It was the first […]

Good News Daily

The markets could see a 1938-type recovery this year, said Barton Biggs, managing partner at Traxis Partners, which has more than $1 billion under management. "One of the reasons I'm bullish here is that I'm convinced that the hedge fund industry is in a very, very low risk, conservative position," said Biggs. "We're running a […]

Good News Daily

The 8.3% spike in consumer confidence in Australia has to be the best news in recent times. CommSec’s Craig James said: “Honestly, does this look like a recession?” And that’s a great question. 

Good News Daily

In the USA, Goldman Sachs reported better than expected and its shares rocketed up in late trading. This will give legs to the rally unless some negative news comes along over night. 

Good News Daily

Intel, the world’s top chipmaker beat forecasts with a profit per share of 11 cents, but market analysts tipped it would be as low as 3 cents a share. This was for the March quarter, which was a shocker for the US and global economy! 

Good News Daily

The Fed’s Beige Book found 5 out of 12 districts in the USA showed a moderation in the pace of contraction and that’s better than the opposite of this news! Also the Empire State Manufacturing Index was down only 14.65 but the market tipped minus 35. And the expectations index went from 3 to 33 […]

Good News Daily

Rosetta Stone, an IPO on Wall Street, overnight listed at $18 but closed over $25! It’s encouraging for a company to do that in these market-strained times. 

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