Author: james Carter
The ASX 200 sold off from the start of trade, ending the day down 54 points at 5,463.
Takeover rumours abound in the embattled Australian media space
The ASX 200 closed slightly lower, down 7 points at 5,517.
Google has been the clear winner of Internet Search Engines
The ASX 200 closed 25 points lower at 5,524, after trading as low as -48 points, testing the 5,500 level.
Iron Ore continues to make 5 year lows, will stocks follow or bounce from here?Last night Iron Ore fell 1.4% as Nourei Roubini, the Chairman of Roubini Economics, called Chinese growth to slump past 5.5%. In my opinion, well beloq the target prices currently suggested for equities and commodities. However, I have been targeting Fortescue (FMG) to fall under $3 and this could potentially provide a trading opportunity. These levels are likely to be reached today so do we pull the pin? What does concern me in the bigger picture is how well our Iron Ore stocks have performed compared to their international competitors, I assume investors are factoring in a significantly lower $A to their valuations. For example – Vale, the world’s largest Iron Ore producer, is pluming levels not seen since 2005 whereas the main 3 Australian producers are still trading approximately double the corresponding levels.
The ASX200 was significantly stronger than I expected today closing at 5549, up 43 points (0.78%), an excellent effort with both ANZ and NAB trading ex-dividend.
Gold is getting interesting, as panic sets in for the precious metal
As anticipated, the ASX200 ended lower, down 12 points, or -0.2% at 5,506 after trading as high as 5,548 in the morning.
** Commonwealth Bank (CBA) posts a $2.3B quarterly profit**
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
