(Updates prices, quote) * Oil down more than $1 after no cut at OPEC weekendmeeting
Archive for November, 2008
WELLINGTON, Dec 1 (Reuters) – The New Zealand dollar <NZD=>slipped on Monday as investors took a cautious view of riskierassets ahead of a series of central bank interest rate reviewsthis week. New Zealand is joining Australia, the UK and the eurozonein reviewing rates, with widespread cuts expected to stimulateailing economies.
* Nikkei down 2.0 pct after jumping 7.6 pct previous week * Exporters fall on rising yen, weak U.S. retail reports
In our last update (on November 19), we were mentioning that between 3,400 and 3,500 points there should have some massive buying interests. However the All Ordinaries Index (ASX:XAO) reached a lower level on November 21 at 3,200 points on intraday, and a low closing price at $3,332 points the day before.
The intraday price at [...]
Late last week the ANZ Bank released it’s “Basel II Pillar 3, APS 330: Capital Adequacy & Risk Management in ANZ” document. Even the title makes you think that this is something for the in-crowd. That, with any luck even though it must be released to the market, no-one will understand it.
And for the record, [...]
SYDNEY, Dec 1 (Reuters) – The Australian dollar nudgedlower on Monday, weighed down by a gloomy outlook for theglobal economy and expectations of aggressive domestic interestrate cuts later this week. * Australian manufacturing activity deteriorated in Octoberand a slew of data later in the day is likely to confirm aslowdown in the economy. That would boost chances of a hefty100 basis point rate cut by the Reserve Bank of Australia (RBA)on Tuesday.
Probably the biggest story this week was the end of what was destined to be the merger of the century. Aside from all the why’s and wherefore’s about what went wrong with the merger, it also elicited the greatest number of marriage/engagement/divorce metaphors in the history of journalism.
That is quite some feat. We write of [...]
* Gold rise with U.S. stocks in quiet post-holiday trade; * Traders eye next week’s U.S. manufacturing, payrolls andauto sales data for clues on economic strength;
* S&P 500 has best week since at least 1980 * Dow marks five straight days of gains
