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Friday, 29 June, 2012

JP Morgan sees S&P give up gains; Europe convene

Sharemarkets pared gains as details of JP Morgan’s trading losses were released with the S&P 500 initially off 1.3%. JP Morgan leading the way, slumping
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Thursday, 28 June, 2012

Stockmarkets continue rally on positive housing data

Shares continued where they left off yesterday adding further gains with the S&P 500 up another 0.75% and Euro STOXX up nearly 2.0%. The 2nd
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Wednesday, 27 June, 2012

Stockmarkets rebound; Europe vs. Germany

US share markets rallied last night rebounding from Monday’s big sell off with US housing data helping the equities recover. The S&P 500 recovered 0.5%
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Tuesday, 26 June, 2012

Merkel remaining firm, Stocks & Commodities fall

Germany Chancellor Angela Merkel spoke at a conference in Berlin on Monday where she hardened her stance against those calling for more joint liability in
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Monday, 25 June, 2012

Focus still On Europe

A week on from the Euro favourable elections in Greece and the focus remains on Europe with yet another major summit scheduled for Thursday and
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Friday, 22 June, 2012

NZ GDP growing at fastest pace in 5 years

New Zealand’s Gross Domestic Product rose a staggering 1.1% in the 1st quarter, the fastest pace of growth since the 1st quarter of 2007. This
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Thursday, 21 June, 2012

US Fed Extends Operation Twist, Greece Government formed

The US Federal Reserve ended its 2 day meeting by announcing that it is extending its Operation Twist Program by a further USD 267 billion
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Wednesday, 20 June, 2012

Markets rise on growing optimism

Financial markets around the world have posted solid gains overnight on growing optimism that Greece will be given more time to meet its deficit reduction
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Tuesday, 19 June, 2012

Euro falls back as Spanish yields Rise

The Euro has fallen back below 1.2600 vs. the USD failing to sustain the gains made early yesterday in the wake of the Greek election
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Monday, 18 June, 2012

Greek votes to stay in Euro

Greek voters have elected to stay in the Euro, with the conservative New Democracy Party winning 30% of the votes, putting them in a strong
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Friday, 15 June, 2012

Markets remain positive ahead of Greek election

Breaking news this morning, was headlines that Central Banks from major economies have said that they are on standby to stabilise financial markets by providing
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Thursday, 14 June, 2012

RBNZ no change, interest rates lower for longer

Alan Bollard left the NZ Cash rate unchanged at 2.50% and the RBNZ forecasts suggests the first interest rate rise will now be in a
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Wednesday, 13 June, 2012

Markets Improve on talk of More Stimulus

The Kiwi and Aussie dollars start the day higher after yesterdays sell-off, as markets are encouraged by talk of more monetary stimulus from the US.
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Tuesday, 12 June, 2012

Spanish optimism fades as focus moves to Italy

After an initial surge in markets yesterday morning on the news that Spain’s Banks would receive a Euro 100 billion credit line to help recapitilise
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Monday, 11 June, 2012

Spanish banks get EURO 100 billion bailout

Big news over the weekend, with the EU members agreeing to grant Spain a credit facility of up to Euro 100 billion to recapitalise Spanish
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Friday, 8 June, 2012

China cuts Interest Rates, Bernanke offers few clues

The People’s Bank of China cut the official cash rate overnight by -0.25%, dropping the rate from 6.56% to 6.31%. Deposit rates were also dropped
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Thursday, 7 June, 2012

Aussie growth surges, AUD and NZD sharply higher

Australia recorded growth of +1.3% in the first three months of 2012, more than twice the +0.5% expected. Ongoing strength in the mining sector, combined
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Wednesday, 6 June, 2012

Australia Cuts Cash rate on China slowdown and lower House Prices

The Reserve Bank of Australia cut the official cash rate by -0.25% to 3.50% yesterday. This brings the total cuts to 1.25% from the 4.75%
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Tuesday, 5 June, 2012

Kiwi Rises after low US Jobs Data

The NZ dollar starts the week back up at the .7550 level, after Friday night’s jobs data from the US showed a smaller than expected
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Friday, 1 June, 2012

Pressure builds on Germany to solve Euro crisis

There is mounting pressure on German Chancellor Angela Merkel to support moves to end the Euro crisis, as Germany finds itself increasingly isolated within Europe.
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