2 December 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

 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 […]

19 June 2009
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 […]

19 June 2009
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 […]

19 June 2009
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 […]

19 June 2009
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. 

19 June 2009
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. 

19 June 2009
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! 

19 June 2009
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 […]

19 June 2009
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. 

19 June 2009
Good News Daily

The Dow Jones is now up 24% from its March low, while the S&P 500 is 29% higher and the Nasdaq has put on a big 32%! This comes as real consumer spending in the USA was up in the first quarter and jobless claims fell last week. 

19 June 2009
Good News Daily

Both IBM and Texas Instruments reporting earnings per share and giving relatively positive guidance has to be seen as solid positives for those who are sweating on a second-half of 2009 economic recovery. Once that is proved, the stock market will move into a convincing bull market phase. 

19 June 2009
Good News Daily

The Reserve Bank Governor, Glenn Stevens, conceded we are going into recession but outlined six reasons why we should be confident that it wont be, in my words, a really rough recession. This is what he said: “I suggest that Australia has a very good chance of offering an economic setting in which the following […]

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