Philip Chua Business Blog

Posts Tagged ‘open’

US equities fell further at the open, catching up with Cisco's weak revenue guidance and noting a weak reading from the US jobless claims report. The S&P500 is currently down 0.6%, the VIX barometer of risk aversion higher. Commodities are unchanged overall, although oil sank 3.2% to $75.50 on lingering

Markets failed to advance the China-inspired risk rally past the Asian session. The S&P500 physical index gapped higher at the open, but this was simply refl ecting its futures counterpart's earlier gains. Indeed, S&P500 futures peaked around the Sydney close, and started a retreat which has seen all the previous

Risk markets shrugged off the previous day's bearish Moody's/Greece news and pushed higher from the European open. The S&P500 is currently up 2.1%, back to 19 May levels, and breaking above the 200d moving average (the market has been fi xated by this indicator for the past few weeks). The

There is a modest recovery underway in the American economy. The Federal Reserve can no longer avoid the looming choice on interest rates and the money supply. Since the sub-prime crisis began Chairman Bernanke has been the consistent champion of monetary easing. Under his leadership, the Federal Open Market Committee…

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

CERTIFICATES of entitlement (COEs) ended mixed in the latest tender yesterday, but one category breached the $20,000 level.

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MIXED BAG

The Open COE, which can be used for any vehicle type but which ends up mainly for cars, inched up by 1.9 per cent to hit $20,200. … more