7 August 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.

16 June 2009
Inside Markets

Wall Street defied a spike in oil prices to $US73 a barrel to register another positive close. This result was helped by more improved economic news. The Dow finished up 31 points to 8,770.   The Nasdaq was up 9 points to 1,862.   The S&P 500 rose 5 points to 944. Those 600 levels […]

16 June 2009
Inside Markets

Wall Street doesn’t want to sell off despite there being many reasons why it should have a pullback. And while there could be some triggers this week for many to press the sell button, there’s still a lot of cash on the sidelines looking for better returns than fixed interest. The Dow eked out a […]

16 June 2009
Inside Markets

The overdue pullback pulled off it’s first significant down day but is it another one-off? That’s the question those who want to get into this market have to answer, but working out when is the new anxiety problem for investors. The market had to cope with a weaker than expected New York Manufacturing Index and […]

16 June 2009
Inside Markets

  The commitment to the much-heralded pullback is not strong with the Dow Jones index in negative territory overnight but only just. In fact, the broader S&P 500 measure was positive! The Dow lost 16.10 points or 0.2% to 8,322.91. The Nasdaq dropped 1.27 points to 1,764.92. The S&P 500 put on 2.06 points to […]

1 June 2009
Good News Daily

US Consumer confidence has gone from 40.8 in April to 54.9 in May and this is a very big spike.

1 June 2009
Good News Daily

Some 90% of our exports to China go to the Chinese domestic market and not into exports. That means most of our exports shouldn’t be heavily affected by a global collapse in demand.

1 June 2009
Good News Daily

While the debt ratings agency — S&P — thinks the USA might lose its AAA rating, Moody’s, the other debt ratings agency, says it is comfortable with the AAA status of the USA.

1 June 2009
Good News Daily

The good news was the index of US leading indicators rose 1% in April. This was the first rise since last June!

1 June 2009
Good News Daily

Prominent US CEOs such as GE’s Jeff Immelt and Bank of America’s Ken Lewis made positive comments about the economic signs of improvement that their companies were seeing. And this comes as the US Treasury Secretary Tim Geithner said the US financial system was on the mend and the program to remove toxic assets off […]

27 May 2009
Inside Markets

Wall Street was closed for a public holiday but European shares ended higher, up 0.3%, which at least indicates that national debt concerns are not spooking equity markets at the moment. Some important market tests lie ahead this week with preliminary GDP for the US’s March quarter coming out at the end of the week. […]

27 May 2009
Inside Markets

As the Yanks eyed off their Memorial Day long-weekend, Wall Street ended lower after being up early. And once again there seems to be no enthusiasm for a big sell off. The Dow lost 15 points to end at 8,277.   The Nasdaq lost 3 points to close at 1,692. The S&P 500 gave up […]

27 May 2009
Inside Markets

The testing of the post-March-low rally continues and experts say this is a good thing as a rally that has no checks is doomed to turn around and head south again. Wall Street has had three straight down days and this could go on for a few weeks before buyers once again see value in […]

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