U.S. stocks capped their first weekly loss since September with a drop on Friday, as Europe's sovereign-debt problems overshadowed a small gain in U.S. employment. The Dow Jones Industrial Average shed 61.23 points, or 0.51%, to 11983.24, and snapped a streak of five weekly gains. The Standard & Poor's 500-stock index shed 7.92 points, or 0.63%, to 1253.
By Christine Gaylican | Nov 06, 2011 | IBTimes AU
Bell FX Currency Outlook: The Australian dollar has surged more than two cents this morning, currently trading around USD1.0700 after hitting a high of USD1.0750 overnight.
By Bell Potter Securities Limited (BellFX) | Oct 27, 2011 | IBTimes AU
Bell FX Currency Outlook: The AUD has risen to a six-week high overnight on the back of strong gains in commodities and continued optimism on an impending solution for Europe.
By Bell FX (Bell Commodities Limited) | Oct 24, 2011 | IBTimes AU
U.S. stocks jumped Monday, pushing the Nasdaq Composite into positive territory for the year and the Standard & Poor's 500-stock index to the cusp of it, though stocks moved off session highs in late trade. The Dow Jones Industrial Average advanced 78 points, or 0.7%, to 11889 in late afternoon action. Caterpillar was leading blue chips, gaining 4.
By Morrison Securities Pty Ltd. | Oct 24, 2011 | IBTimes AU
Bell FX Currency Outlook: Volatility in the AUD has continued overnight; falling from a one-month high of USD1.0370 back down to USD1.0150 this morning, as investors' confidence in a Euro-zone solution faded.
Oct 17, 2011 | Bellfx
The Australian dollar has opened weaker this morning currently trading around USD 0.9740, after reversing gains which saw it trade to a high of USD0.9950 during the European session.
Sep 29, 2011 | Bellfx
The Australian Dollar opened at USD 0.9783 this week, finding support as the markets digest the IMF's policy board's weekend announcement, to act decisively and collectively, "to restore confidence and financial stability, and rekindle global growth".
Sep 26, 2011 | Bellfx
The AUD has opened this morning below USD0.9800 as market confidence and continued concerns of a global recession hit the markets hard.
Sep 23, 2011 | IBTimes AU
The Australian dollar has fallen overnight as pessimism once again pervaded throughout the financial markets. The AUD is back down near parity this morning and looking vulnerable to another move lower.
Sep 22, 2011 | Bellfx
The AUD has strengthened overnight after a downward revision in our local CPI data saw the AUD fall to below USD1.0200 during our trading session yesterday.
Sep 15, 2011 | Bellfx
The euro, which had been sold off at the end of last week, has finally found some stabilization as we move through Tuesday's New York trading session.
By Nick Nasad, Chief Market Analyst of IBTR | Sep 13, 2011 | IBTimes
Investors closed their eyes, sold stocks and bought German and U.S. paper in early Monday trading. Rumors ahead of the weekend that Greece was knocking loudly on the default door proved false. However, moves to bolster finances over the weekend with a property tax and a cut in the pay of elected officials seems worse than putting the proverbial Band-Aid on the gunshot wound.
By Andrew Wilkinson | Sep 12, 2011 | Interactive Brokers