22 February 2024
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News

Inside Markets

Wall Street put in a negative night but it was a small negative and the trading brought a significant positive with the VIX or fear index falling below 30 for the first time since the credit crunch got really serious. The Dow fell 29 points to 8474.   The Nasdaq gained 2 points to 1,734. […]

Inside Markets

It was a bad day for doomsday merchants with Wall Street liking the latest US consumer confidence reading. The key indicator of what consumers were feeling in the month of May was the best in eight months. Consumer confidence has gone from 40.8 in April to 54.9 in May and this is a very big […]

Inside Markets

Concerns over General Motors impending bankruptcy and rising bond yields on government debt raised saw US stocks give back gains from the previous session on Wednesday. The Dow Jones lost 173.47, or 2.1%, to close at 8,300.02.  The Nasdaq shed 1.1% to 1,731. The S&P 500 fell 1.9% to 893. The session started positively on the release of a report that showed existing-home […]

Inside Markets

A better than expected result for US Treasury bond auctions helped the stock market reverse yesterday’s sell-off. The Dow Jones rose 103 points to 8403.   The Nasdaq put on 20 points to1751.   The S&P 500 added 13 points to 906. A home sales report worried investors at first but a GM deal with […]

Good News Daily

According to APM, average prices for residential homes rose by 0.1% in the March quarter, but were down 3.7% on 12 months to March 31. This is a far cry from the house price devastation predicted by a number of doomsday merchants! 

Good News Daily

We’re seeing signs of a bottoming of the US house market, which was at the core of the financial and economic collapse. New pending home sales gained 3.2% in March and Construction rose 0.3% when a 1.5% drop was tipped. 

Good News Daily

This from CNBC deserves to be promoted: “Traders have been encouraged by economic reports all week, including the drop in jobless claims Thursday and the paring of inventories in the GDP report Wednesday, which was interpreted as a sign that a build in inventories may be coming.” And how about this one for good confidence-building […]

Good News Daily

There are two good developments today worth reporting. First the ISM, which measures the health of the US services sector, came in better than expected. Second, AIG, while saying it will report a loss, more importantly said it did not need any new injections of capital. This is very good news for a company which […]

Good News Daily

 Locally the 2.2% jump in retail sales in March was great news. In the USA, better than expected jobs data and leaks that the bank stress tests will be more positive than tipped were two more green shoots helping a US economic recovery.

Good News Daily

 April retail sales in the USA were up 1.2% on the same month a year ago. Meanwhile, the fall in unemployment in Australia does not mean we have beaten the recession but it means the doomsday merchants have been exaggerating how bad things are. Highly respected economist, Shane Oliver of AMP has pulled back his […]

Good News Daily

The latest US jobs report for April was better than expected and as a consequence it was not used as a trigger to sell off this rally on Wall Street. 

Good News Daily

Great to see a positive headline in the Sydney Morning Herald: “China’s surge in metal imports gives hope of recovery.” 

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