23 January 2022
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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

 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. 

18 June 2009
Good News Daily

CommSec reported yesterday: “The Chinese economy continued to show signs of improvement in the latest April data. Retail sales rose at a 14.8% annual rate but were even higher in real terms. And industrial production expanded at a 7.3% annual rate.” This is good news for the Aussie economy, as well as the global economy! 

18 June 2009
Good News Daily

Food company Heinz reported record sales and profit for fiscal 2009, with the Chairman, President and CEO William R. Johnson saying “Heinz brands around the world performed well, benefiting from the growing trend of at-home dining.”

18 June 2009
Good News Daily

The ‘green shoots’ are starting to show some leaves — and we’re getting more good news, said Bob Doll, vice chairman of BlackRock. “The market is saying that the worst is behind us,” Doll told CNBC. “We’re having cyclical improvements despite our secular problems.” He expects to see the beginnings of a “slow economic recovery” […]

18 June 2009
Good News Daily

US pending home sales rose by an amount which was a seven and a half- year high and locally Craig James of CommSec made this comment yesterday: “Australia’s economy may have grown rather than contracted in the March quarter. New figures show that Australia’s trade sector (exports less imports) contributed 2.2 percentage points to overall […]

18 June 2009
Good News Daily

 The March quarter GDP figure of 0.4% is a ripper and while it’s a weak number, it shows we are a stand out economy and that unemployment predictions of 9% are in all likelihood wrong! Craig James of CommSec thinks unemployment will peak before 7% and that’s a lot better than 9%.

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