27 November 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.

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 […]

18 June 2009
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. 

18 June 2009
Good News Daily

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

18 June 2009
Good News Daily

Yesterday we saw new lending commitments soar by 12.9% in March, the third gain in lending in four months and the strongest increase in 21 months. Commercial lending went up by over 20% in March. Housing lending lifted over 7% in March with loans to build new homes at record highs. Loans to buy blocks […]

18 June 2009
Good News Daily

Economic news was OK with CNBC reporting: “A gauge of manufacturing in New York State showed the industry's pace of contraction slowed in May, while nationwide, industrial production fell 0.5% in April, the slowest pace in six months.” Also consumer sentiment went to its highest level since September and that’s a good sign. 

18 June 2009
Good News Daily

Wall Street went up around 3% overnight. It’s good to see that the VIX or ‘fear index’ has got to around 30, which was at a scary 80 in October 2008. This measure actually shows how nervous investors are and can be a gauge that the worst of the share sell-off is behind us. 

18 June 2009
Good News Daily

Wall Street went up around 3% overnight. It’s good to see that the VIX or ‘fear index’ has got to around 30, which was at a scary 80 in October 2008. This measure actually shows how nervous investors are and can be a gauge that the worst of the share sell-off is behind us. 

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