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Stock Market / Finance in Oceania

  • Vanuatu Revenue Review report cites Vt 5 billion Govt revenue shortfall

    VANUATU, 2017/07/20 The official handover of the Vanuatu Revenue Review final statement looking into reform and modernisation, yesterday, has resulted in excellent coverage in last weekend’s media. Those most closely involved are pleased with the work undertaken. From the Statement will be drawn conclusions concerning gain tax, and the statement makes it abundantly clear, as does the Statement, that Government Revenue does not meet the billions required of it. Minister Pikioune sees a revenue shortfall instantly of Vt 5 billion. Other Government sources put the figure closer to Vt 2 billion. But a shortfall means something surely has to be done.

  • Asian Markets In Positive Territory

    AUSTRALIA, 2017/05/03 Asian stock markets are in positive territory on Wednesday, following the overnight gains on Wall Street amid upbeat corporate earnings results and on optimism as U.S. President Donald Trump is expected to unveil a tax plan later in the day. The Australian market, which was closed on Tuesday for the Anzac Day holiday, is rising following the positive lead overnight from Wall Street. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 45.90 points or 0.78 % to 5,917.70, off a high of 5,923.90 before. The broader All Ordinaries Index is up 41.50 points or 0.70 % to 5,942.20.

  • Red flags going up across markets, signal possible pullback for stocks

    WORLD, 2017/04/15 Markets have been raising some red flags this week that analysts say could result in increased volatility and possibly a stock market pullback in the near term. Driven by worries about North Korea, Syria and the French election, investors have been loading up on safe haven plays and lightening up on risk. One of the big concerns of the week has been the fact that a North Korean missile launch is speculated to come this weekend to commemorate its Day of the Sun, a holiday honoring the birth of its founder, Kim Il Sung. The launch was expected to be in the middle of a three-day Easter holiday weekend, and traders have been hedging ahead of it. Adding to the nervousness, the U.S. dropped the largest ever non-nuclear bomb in Afghanistan during market hours Thursday, and on Thursday night, NBC News reported that U.S. officials were planning a possible pre-emptive strike.

  • In 2017, investors will need to reappraise how global economy works

    WORLD, 2016/12/30 Investors, like astronomers or anthropologists, rely on intellectual models to make sense of a complicated universe, guide immediate choices, and set priorities for further inquiry. But, each so often, a freak occurrence forces a reappraisal of what we think we know. It could be a black hole. It could be a strange fossil. Or it could be a political upheaval, like the Brexit referendum in the United Kingdom or the election of Donald Trump as president of the United States. As a tumultuous year comes to a close, giddy world markets continue to set new records. But investors should not become distracted. In 2017, they will need to reappraise how the world economy works and recalibrate accordingly their assessment of each stock or bond on sale, because even if some market fundamentals remain the same, a lot of others have clearly changed.

  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.

  • Key Main Street Events of Week Render Mood Cautious

    WORLD, 2016/03/15

  • The Australian dollar is again too high

    AUSTRALIA, 2016/02/19 The Australian dollar is again too high and there are increasing risks that the currency may climb if additional central banks adopt the negative interest rate route to boost increase, Reserve Bank of Australia board member John Edwards said in an interview published Friday. "It does look like it [the Australian dollar] has found a base, and I guess I would say I still think it is a bit too high," Edwards told the Wall Street Journal. "If it was driven entirely by commodity prices, it certainly should be lower," he said.

  • The 10 biggest events in financial markets in 2015

    WORLD, 2015/12/26 Swiss franc roll On January 15 the Swiss National Bank stunned markets by scrapping its three-year old cap on the franc, sending EUR/CHF to a record low   Bund tantrum German bonds collapsed in May and June, but the break below zero at no time happened and less than two months later it was almost back at 1% - German stocks exchange   Sub-zero euro yields At the end of 2015 around €2 trillion worth of euro zone sovereign bonds, a third of all outstanding, presently trade with a negative yield

  • Australia Leading Index Eases In October

    AUSTRALIA, 2015/12/26 The Australian economy continued to struggle in October, the new survey from the Conference Board said on Thursday as its leading economic index dipped 0.1 % on month. That follows the downwardly revised 0.3 % contraction in September (originally -0.1 %). Part the individual components, the positive contributors to the index included share prices, money supply, the yield spread and gross operating surplus.

  • More Market Instability? The Highly Leveraged Nature of our Financial System is Teetering

    WORLD, 2015/12/16 This week shapes up as one which could go down in the history books! Markets last week were tumultuous from weak equities, illiquid credit markets, FOREX markets in disarray and commodities hitting the skids …from presently on the Federal Reserve is intent on hiking rates? Have they taken this position because the markets are strong? Or because the economy…anywhere on the planet is overheating? Before looking at “this week”, I have seen it said by a lot of, “the Fed must raise rates to have any credibility left”. This is authentic to an extent but there is one core reason and one of their own making. You see, the fake data and outright lies have been coming out of Washington in such regularity and magnitude the Fed has been painted into a corner.
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