Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Bright Start Following International Leads

11.20 AEDT, Monday 25 February 2013

Bright Start Following International Leads
By Niall King (Sales Trader, CMC Markets)

In a week where events overseas are likely to impact local sentiment, the Australian market has started brightly with early gains this morning, following Friday's lead from international peers.

Despite finishing last week strongly backed by solid corporate earnings and better than expected business confidence from Germany, markets are likely to tread carefully ahead of Italian election results, US Federal Reserve Chairman Ben Bernanke's testimony before the Senate Banking Committee and the ABS Capital Expenditure data for the December quarter.

The HSBC Flash Manufacturing PMI data for China, due at around 12.45pm should give the local market and the Aussie dollar some direction for the afternoon session. A positive read at or above the expected 52.2 level is likely to add support for the Aussie dollar following gains made during Friday's session.


Web: http://www.cmcmarkets.com/

_________________________________________________

The Financial Products offered by CMC Markets Asia Pacific Pty Ltd (ABN 11 100 058 213, AFSL No. 238054, the CFD issuer), CMC Markets Stockbroking Ltd (Participant of the ASX Group, ABN 69 081 002 851, AFSL No. 246381, the stockbroking services provider) and CMC Markets Pty Ltd (ABN 75 100 058 106, AFSL No. 279437, the education services provider) (“CMC Markets”) carry varying amounts of risk. Leveraged products, such as CFDs, Options and Warrants carry more significant risks than other products and may not be suitable for all investors. You should consider whether or not financial products including CFDs are suitable for you. CMC Markets recommends that you should seek independent professional advice and ensure you fully understand the risks involved before trading.

The information in this email is of a general nature and does not take into account your objectives, financial situation or needs. Therefore, you should consider the information in light of your objectives, financial situation or needs before making any decision about whether to acquire or continue to hold, the financial products or CFDs. CMC Markets recommends that you should seek independent professional advice. It is important for you to consider the relevant Product Disclosure Statements (PDS), the relevant Financial Services Guides and other CMC Markets documents in deciding whether to acquire, or to continue to hold financial products (including CFDs), which are available from CMC Markets by calling 1300 303 888 or visiting www.cmcmarkets.com.au.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Wool Exports Jump To The Highest In More Than A Decade

New Zealand wool exports jumped to their highest level in more than a decade in June, aided by a lower currency and strong demand from China, the nation’s largest market. More>>

ALSO:

Surreal Estate: Home Values Rise At Fastest Rate In Seven Years

The latest monthly QV House Price Index shows that nationwide residential property values for July have increased 10.1% over the past year which is the fastest annual rate since 2007... The Auckland market has increased 18.8% year on year. More>>

ALSO:

New Employment Laws: Talley’s AFFCO Workers To Strike

The decision comes after the Talley’s owned company walked away from mediation last week and applied to end bargaining under the government’s new employment laws - the first such application since the law came into effect. More>>

ALSO:

Private Action: Employer Pleads Guilty Over Forestry Death

The CTU has always known that the death of forestry worker Charles Finlay was due to the poor health and safety practices of his employer... "The CTU, with the support of Charles’s family, needed to take this ground breaking private prosecution." More>>

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news