Finance News

Something That May Only Interest Me

Posted on Thursday, November 17, 2011
We welcome you to join us for an upcoming teleconference with BT’s Chief Economist Chris Caton who will update us on the latest economic data and how this translates into fundamentals affecting global and domestic markets.  If you would like to register please email me and we will give you the dial in details and pin code. They will be held on Thursday, 24th of November 2011 with sessions at 8.15am, 11.15am and 3.30pm (Melbourne - DST) Read the rest of entry »

Who's Done What

Posted on Thursday, November 17, 2011

We saw some fresh volatility in euro bond markets with Italy’s borrowing costs once again topping 7% - a danger point which previously forced Ireland, Greece and Portugal to seek international bailouts. We also saw Moody’s downgrade 10 German public banks on the assumption that the likelihood that these banks could access external government support has diminished.

We have seen some data out this week that indicates the Easing in the US is helping their economy but it won't do much to stave off the risks in Europe.

Last night the Australian Dollar dropped below parity for the first time since October 12th.

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The Italian Situation

Posted on Thursday, November 10, 2011

I thought it would be worth explaining Wednesday night's Italian situation. Italian 10 year bonds hit 7.48% on Wednesday night our time which is what it costs the Government to borrow money.  Yes thats right we can get a fixed rate as an Australian with a job that is lower than that. Industry consensus is that levels >7% are unsustainable. 

This marks their highest yield level since Italy joined the Euro which was when the 'Eurozone' was formed in 1999.

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Who's Done What? Nov 10 2011

Posted on Thursday, November 10, 2011
Australia’s jobless rate fell in October, underscoring the strength of the nation's economy even as Europe's debt crisis sparks fears of a fresh global recession. Unemployment fell to a seasonally adjusted 5.2% in October from 5.3% the previous month, maintaining the country's record as one of the developed world's best performing labour markets. The number of employed rose 10,100, the Australian Bureau of Statistics said today. Read the rest of entry »

Something That May Only Interest Me. Nov 10 2011

Posted on Thursday, November 10, 2011
This week our team signed with a new partner OzForex.  Ozforex are going to provide our subscribers and website visitors with the opportunity to have 2 free currency trades.  In addition to that each morning they will send the latest in global currencies and market news in the finance guru 'Read section'.  Feel free to have a look as it updates every morning and click on this link to open your free account! Read the rest of entry »

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