A desperate 50 basis point interest rate rise has hit Indian markets and growth prospects in response to March headline inflation of 9%.
Barclays Capital’s analysis of monthly seasonal trends shows May tends to be a good month for equities, nat gas and the US dollar, while commodity currencies and aluminium find the going tougher.
Energy Resources of Australia has proposed additional capex to deal with excess water inventory issues, the news being greeted by earnings and valuation cuts by brokers.
The current advance in risk assets is increasingly carried by a smaller group of leaders. This is not how a bull market looks like, highlights GaveKal.
The RBA has left its cash rate at 4.75% but has hinted of tightening to come.
Technical analysis by ATW’s Jerry Simmons suggests the price of gold is peaking.
The TechWizard predicts the Canadian dollar will play catch up with the AUD against the USD.
A soft March quarter result from Asciano had been expected and the majority view among stockbrokers remains one of value on offer.
Consensus suggests FY11 was a year of gradual improvement for Macquarie Group, but there is still a long road ahead.
The Chartist suggests this is not a time to remain aggressively positioned for more immediate upside in the crude oil market.
