21 September 2020
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Switzer Daily

Catch up on all the content put together by the Switzer Daily team, including our daily news update 5 things you need to know today.

19 June 2009
Good News Daily

 Fox Business reported: “The Philadelphia Fed's manufacturing survey surged in June to a -2.2 reading, up sharply from -22.6 in May and well above the -18 reading economists had expected. It was the highest level for the survey since September, showing a big improvement in sentiment among manufacturers.” Also, the Conference Board's leading economic indicators […]

19 June 2009
Inside Markets

Wall Street’s losing streak was snapped but it was not anything convincing. In fact the Nasdaq was in the red by less than a point, but what was strange was the lack of volume as well as action with the quadruple witching hour looming on Friday, US time. The Dow put on 58 points or […]

18 June 2009
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. […]

18 June 2009
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 […]

18 June 2009
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 […]

18 June 2009
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 […]

18 June 2009
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! 

18 June 2009
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. 

18 June 2009
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 […]

18 June 2009
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 […]

18 June 2009
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.

18 June 2009
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 […]

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