A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
After a torrid trading week that saw more than $30 billion wiped off local stocks and the Australian dollar slide further, investors will be hoping for some economic cheer from China this week to offset further confirmation that Australia's ...
The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
The Australian dollar has continued to fall due to investor caution and falls in commodity prices. At 7am AEST the local unit was trading at 96.42 US cents, down from 96.79 cents on Friday. Since 5pm AEST on Friday, the Australian dollar ...
Tags: Australian, Dollar, Commodity Prices
The Australian dollar bounced back from its one-year low against the US dollar as the greenback took a breather from its recent rally. At 6.30am AEST the local unit was trading at 97.43 US cents, up from 96.23 cents at yesterday’s ...
Tags: Australian, Dollar, Australian Dollar
LASER 2013: Laser market "at record high" – analyst 22 May 2013 …but global markets diverge and reflect exchange rate swings, says Optech Consulting. On the up: The global market for laser materials processing systems. The ...
Continuing speculation about the future of the US Federal Reserve's asset-purchasing program in the wake of congressional testimony by Chairman Ben Bernanke sent the dollar sharply higher Wednesday, and augmented downward pressure on the ...
Tags: NYMEX Crude, Chemicals
The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
Oil futures closed out the week in higher territory Friday, boosted by a strong equities performance even as the US Dollar Index climbed to a 34-month high. NYMEX June crude settled 86 cents higher at $96.02/b, after ranging from a low of ...
Tags: Oil Futures, Strong Equities
The sharemarket opened the week with a solid gain yesterday on signs of recovery in the US economy ahead of Federal Reserve chairman Ben Bernanke's monetary policy testimony on Wednesday (US time) before the joint economic committee of ...
Tags: Sharemarket, Solid Gain
The dollar's dive looks far from over, even though it has already lost more than 8 per cent of its value against the US dollar since the middle of last month. Of course, a technical correction is possible. But increased disappointment ...
Tags: Aussie Dollar, Global Forces
The Ifo World Economic Climate Indicator continued to rise, even if only slightly. Both assessments of the current economic situation and the six-month economic outlook improved slightly compared to the previous quarter. There are a growing ...
Tags: IFO World Economic, Economic
European textile and clothing companies are looking further afield for growth. The main causes are weak demand in the supply chain and cutbacks by retail buyers and consumers stemming from the eurozone crisis and fiscal tightening by EU ...
The oil complex shrugged off largely bearish US Energy Information Administration data Wednesday as a rise in equities coupled with a technical bounce halted a four-day slide in June crude futures. NYMEX June crude rallied towards the ...
Tags: Oil Complex, Oil
The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook