Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.
CBA’s Business Sales Indicator suggests Australian consumer spending is slowly trending higher, while research by Datamonitor suggests spending habits are changing.
PFP wealth’s Tim Price has a bit of fun with those high brow journos who claim gold is in a bubble.
A glance through the latest expert views and predictions about commodities with commentary from LME Week, some positive views on for mineral sands and fertiliser prices and revisions to ratings in the energy sector.
Analysts are not convinced two Tabcorps offer any more value than one, and any takeover potential will will be tempered by regulatory and cost hurdles.
To raise or not to raise? The pros and cons are finely balanced according to the RBA minutes.
A pick up in market activity has seen uranium prices creep higher, uranium market consultant TradeTech lifting its spot price forecast by US50c/lb.
The TechWizard reports the current rally is likely to carry gold to or above US$1500/oz, but it won’t go via one straight line.
ANZ Bank estimates Australia needs invest $600 billion in infrastructure over the next six years, while in Asia the estimate is US$13 trillion over the next decade.
Superseded MySpace is proving a drag for New Corp, but one broker speculates there might be an opportunity for News to lever value off a Yahoo-AOL merger.
