Tags » 1.Market Observations

16 Sept 2017 (CNBC) - S&P 500 closes at record high; Dow posts best week since December

(16 September 2017, CNBC online)

‘U.S. stocks rose to record levels Friday and posted strong weekly gains. The Dow Jones industrial average rose 64.86 points to close at 22.2686.34, a record. 71 more words

1.Market Observations

16 Sept 2017 (AFR) - N Korea missile test puts US island of Guam within range

(16 September 2017, AFR, p13, by Kanga Kong and David Tweed)

‘North Korea’s second missile launch over Japan in as many months flew far enough to put the US Pacific island of Guam in range, a provocation that comes days after the United Nations approved harsher sanctions against Kim Jong-un’s regime. 64 more words

1.Market Observations

16 Sept 2017 (AFR) - ASX 200 Index rose 0.4pc this week, shrugging off North Korea tensions

(16 September 2017, AFR, p33, by Vesna Poljak)

‘The Australian sharemarket rose for the first week in four and even North Korea’s latest provocation was not enough to offset a strong performance from the banking sector over the past five days. 69 more words

1.Market Observations

15 Sept 2017 (AFR) - Heard any accurate market calls lately? - Amazon, $A: experts making a boatload of 'big calls' that fail to come true

(15 September 2017, AFR, p32, by Philip Baker)

‘Is it just me, or is there a record high number of experts making big calls these days on anything from interest rate moves, the direction of the Australian dollar, the  71 more words

1.Market Observations

15 Sept 2017 (AFR) - Financial markets look 'very similar' to 2008, says the man who saw the GFC

(15 September 2017, AFR, p31, by Karen Maley)

‘Investors sent the US share market surging to a fresh record high overnight, as they shrugged off the warning from one of the world’s most highly regarded economists that present conditions in financial markets look “very similar” to 2008, and that central banks need to be extremely careful in weaning markets off monetary stimulus as “we’re in a very tough place”. 76 more words

1.Market Observations

15 Sept 2017 (AFR) - Myer profit plunges 80pc to $11.9 million after write-downs, restructuring costs

(15 September 2017, AFR, p17, by Sue Mitchell)

‘Two years into a five-year turnaround plan, Myer chief Richard Umbers is reviewing his strategy and growth targets after admitting the recovery was taking longer and the market changing faster than anticipated.’ <snipped…> 65 more words

1.Market Observations