Articles by CMC Markets
BHP Billiton Considers Setting Up of Separate Company for Aluminium, Bauxite & Nickel Assets
April 02 2014 9:22 AM
Mining giant BHP Billiton (ASX: BHP) is reportedly planning to set up a separate company for its aluminium, bauxite and nickel assets for the firm to focus on its core businesses.
Qantas Frequent Flyers to Earn Points Based on Ticket Price, No Longer Miles Flown
March 31 2014 9:25 AM
Qantas is cutting more corners, and this time those who would be hit by the embattled air carrier's axe are its passengers who belong to the Frequent Flyers Club.
China's Risky Growth Outlook and Trade Surplus Causes Australian Dollar Decline
July 10 2013 5:25 PM
The IMF says China's slow growth was a big risk as the world's second biggest economy moves to growth led by consumption. Any kind of economic slowdown could affect Australia and other commodity exporters. China is one of the biggest consumers of energy in the world. China's trade surplus of US$27.13 billion missed expectations this June as both imports and exports declined as well. A government spokesperson says China's foreign trade to face "grave challenges" ahead.
Australian Bonds Decrease Piggy-Backed on US Jobs Data
July 09 2013 9:06 AM
Australian bonds are lower on speculation that a job rise in the U.S. will lead to an easing of bond buying by the Federal Reserve. According to a report by the U.S. that claimed 195,000 new jobs emerged in June.
iPhone 6, iPhone 5S Release Date: Apple to Fend off Samsung Threat with Innovation, Killer Features & Budget iPhone – Analysts
June 04 2013 10:44 AM
It was not as invincible as it was but Apple, according to analysts, remains in “a fairly positive position,” and the looming iPhone 5S release date plus the rumoured iPhone 6 debut next year will further strengthen the tech titan.
Australia Benchmark Rates Slide to 2.75%; AUD Drifts
May 07 2013 4:38 PM
The decision of Australia's central bank to cut interest rates to 53-year low has been well received by business groups still reeling from aneamic economic fundamentals led by exports and low consumer demand.
Australian Dollar Outlook - 03 April 2013
April 03 2013 11:50 AM
The Australian dollar has opened near USD 104.50 after an up-and-down offshore session.
Australian Dollar Outlook - 26 March 2013
March 26 2013 10:37 AM
Bell FX, CMC Markets Currency Outlook: The Australian Dollar was well bid in overnight trading, particularly against the EUR, as initial optimism over the Cyprus bank bailout plan gave way to concerns about what it could mean for other European economies. Nonetheless, this does not remove the cautious stance of most investors leading into the Easter holiday.
Cyprus Bailout 2013: Aussie Sharemarket Prices Down 2% on Cypriot Bailout Worries as Cyprus Banks Extend Holiday to March 21
March 19 2013 1:12 PM
Australia's sharemarket shed 2 per cent on Monday over investor worries on the Cyprus bailout problem. The All Ordinaries index declined 101.9 points or 1.99 per cent at 5,027.4, while the benchmark S&P/ASX200 index dipped 104.8 points or 2.05 per cent at 5,015.4.
Australian Dollar Outlook - 14 March 2013
March 14 2013 11:11 AM
Bell FX, CMC Markets Currency Outlook: The Australian Dollar has opened slightly lower this morning as continued strong data out of the States saw the US dollar higher overnight.
Australian Dollar Outlook - 30 November 2012
November 30 2012 12:19 PM
Bell FX Currency Outlook: The AUD traded at a high of 1.048 yesterday afternoon after House Speaker John Boehner offered a downbeat assessment of progress in budget talks in Washington. AUD currently trading at around 1.043.
RBA Ready to Cut Interest Rates in October
September 05 2012 11:02 AM
While the Reserve Bank of Australia (RBA) had retained on Tuesday the current 3.5 per cent overnight cash rate for the third consecutive month, the central bank at the same time signaled it is ready to cut rates in October.
Australian Building Approvals in June Down 2.5%, Less Than Expected by Industry Experts
July 31 2012 1:23 PM
Approvals for building new home constructions dropped by 2.5 per cent in June, latest data released by the Australian Bureau of Statistics (ABS) showed, but was actually less than what industry experts had expected.
Housing Market Retreats in January but Economists Remain Upbeat
March 14 2012 1:23 PM
The housing market retreated again in the first month of 2012 following its strong showing in December though economists have been upbeat that the rest of the year would witness some form of recovery as investors' confidence regain enough traction.
RBA Maintains 4.25% Cash Rate; AUD slides
March 06 2012 3:57 PM
The Reserve Bank of Australia (RBA) has maintained the country's benchmark rates at 4.25% considering an economic turnaround by the second half as a result of some structural changes especially the onset of the carbon price on inflation.
Australian Stock Market Leads 02/28/2012
February 28 2012 10:48 AM
The Australian stock market is off to a positive start on Tuesday's trading day, as overnight leads from the European and U.S. stocks markets were taken, though lightly by investors still wary how the recent jump in oil prices will curb potential earnings.
Australian Stock Market Leads - 02/27/2012
February 27 2012 10:54 AM
The Australian stock market has begun with a heady, flat start this morning as the country watches the voting caucus among Labor Party leaders. Although analysts expect Julia Gillard to win, Australians and observers are still disappointed at the cracks in the leadership foundation of the party and confidence among voters will be difficult to rein.
Rudd Resigns: ALP Leadership Ballot on Monday
February 23 2012 12:58 PM
Foreign Minister Kevin Rudd resigned from his post Wednesday night, leading to a leadership battle in the Australian Labor Party. Rudd, who was ousted as prime minister by Julia Gillard in 2010, said he has lost her confidence.
More Work Created in January but Economists Remain Cautious
February 17 2012 2:08 PM
Australia's jobless rate improved a bit last month, supporting the country's steady economic gains but drawing mixed reactions from economists.
Australian Stock Market Leads - 02/13/2012
February 13 2012 10:13 AM
Australian stocks are in for a rough day as there are not enough leads from other markets to rally on Monday's opening, analysts say.