Coal prices are already being set a much higher levels, iron ore prices are set to see even greater increases and copper’s getting up there again too. Is it a resource sector bonanza for investors?
We are now in grind-up phase in the stock market while Asciano comes into favour, more media upgrades are occurring and the home builder survey continues.
The Fed’s broken record was enough to send the S&P through its 1150 resistance level last night. Dow up 43.
Danske Bank sees Asian economic growth as sustainable as it is now more broadly based and conditions needed to sustain domestic demand are being met.
Westpac believes China can cap economic growth by an aggregate tightening of policy but… it won’t.
Economists believe that China must soon revalue its currency against the US dollar. Should we be worried?
Citigroup’s successful preferred issue has provided relief, but stocks are still struggling to find impetus despite a late burst. Dow up 44.
Inflation has begun to rear its ugly head in China, adding pressure to the government’s need to reduce stimulus.
The Dow went nowhere while the S&P and Nasdaq headed north last night. A new phase? Dow up 3.
China wants to rein in its double-digit GDP growth to a more steady 8% and try to nip a property price bubble in the bud. Is this bad news for Australia?