Markets live_ fortescue hits six-year high

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“The support for mining stocks follows a good session for base metals on international markets and broker upgrades for Fortescue Metals,” said CMC chief market analyst Ric Spooner. Php to usd conversion ” Iron ore bears remain in capitulation mode as they consider the possibility that the price will continue to be supported by Chinese mine closures as Fortescue is predicting.”

Fairfax, publisher of this website, was the day’s biggest winner among the top 200 stocks, rising 5.9 per cent on reports that a US private equity fund is showing interest in the media company’s Australian assets.

Shares in OFX Group plunged 23.9 per cent to $1.27 after the money transfer company announced it expects full year statutory net profit of around $19 million, compared with $18 million last year. Usd to myr The trading update outlined how the post-Brexit slide in the British pound only compounded lower-than-expected revenues in Australia.

Senex Energy shareholders enjoyed a 7.1 per cent surge after the company announced a new substantial shareholder on the books following a $55 million placement. 40 euro shoe size to us EIG Global Energy Partners now hold a 12 per cent stake in the business.

Elsewhere, Virtus Health shares rebounded 5.1 per cent, after the stock fell heavily on Tuesday. Binary to text converter The fertility company announced it had suffered a sharp decline in treatment cycles thanks to tough low-priced competition.

“The 1990s was a productivity boom driven by technology, this time it’s going to be another productivity boom driven by technology,” says Atul Lele, the Bahamas-based chief investment officer of private wealth manager Deltec.

He cited advances in battery technology versus gasoline, artificial intelligence and autonomous driving, developments in semiconductor technology and 3D printing as the biggest contributors.

Productivity is also necessary to blunt the impact of wage increases which are emerging in the US workforce.


Pound to usd “We don’t necessarily see jobs growth as a result of this because wages growth in the US is consistent with the fastest wages growth that we’ve seen in 15 years – in fact we need productivity growth to prevent further wage inflation,” Lele said.

Meanwhile US president Donald Trump’s entry into the White House has been greeted with higher levels of business confidence. Binary bingo That is just as well, because the economy has relied too much on liquidity or cheap credit for investment. Current exchange rate usd to aud Private investment share of GDP is below trend levels suggesting American companies have to make up for a period of under-investment.

“Whenever I tell people we’re going to invest our way out of trouble in the US, they say ‘no way’, but that is exactly how the US grew in the mid-late 1990s,” the strategist says. Futures markets cnn Business confidence is starting to pick up, but also policy uncertainty is declining and the wave of share buybacks is fading. Usd jpy exchange rate history Deltec found that US companies are on track for 10 per cent capex growth over the next year, which would be the highest level since 1999.

The biggest risk is that the US Federal Reserve raises interest rates too quickly to counter inflation, or companies invest too slowly. Binary math “The US basically went from being an investor of capital in productive assets to an allocator of capital and now it’s swinging back the other way,” Lele said.

He also addressed why the sharemarket has become more jumpy in reacting to policy news out of the White House. Cad usd graph “They have potentially a broad impact from an economic perspective, for example, the [immigration ban] has huge implications from an economic perspective because the US is reliant on migrants to provide the labour force.”

There were 69 reverse takeovers (RTOs) raising a total $368 million in 2016, up from 2015’s 58 RTOs raising $330 million, according to analysis by mid-tier professional services firm HLB Mann Judd. Brl usd exchange rate The previous record had been 32 RTOs in 2000.

However HLB Mann Judd expected the number of RTOs to plummet due to a combination of new ASX listing rules, a lack of suitable targets, and poor performance of RTO stocks upon their re-listings in 2016.

The boom in backdoor listings was driven by a ‘use it or lose it’ rule introduced by the ASX in 2014, giving dormant company shells a three year time limit to find a new activity or be de-listed. Funny jokes for adults dirty Failed mining exploration shells rushed to reinvent themselves as technology plays, with the number of software companies on the ASX increasing by 23 in 2016 thank to RTOs, and the number of materials companies reducing by 25.

However the number of suitable shells is almost exhausted, said HLB Mann Judd partner Simon James, and revised ASX listing rules have also made it harder to pull off a reverse takeover.

The continuing strength in Sydney and Melbourne house prices coming on the back of an acceleration in lending to investors will add to RBA concerns about financial stability, AMP Capital head of investment strategy Shane Oliver says.

“While a surge in housing supply to record levels will act to slow the property market this is still yet to become clearly apparent (except perhaps in Melbourne unit prices),” Oliver says in a note.

“In the meantime the focus around APRA tightening its macroprudential measures in order to slow investor activity in the Sydney and Melbourne markets, in order to provide the RBA with ongoing necessary flexibility on interest rates, is likely to intensify.

“We remain of the view that the RBA will cut interest rates again but not until May, but this likely to require either some slowing in property price momentum or a further tightening in APRA’s macroprudential policies.”

The Australian is reporting today that a mystery US-based fund is said to have contacted media executives in the region about buying the assets, according to unnamed sources who said the fund was based in Los Angeles.

It’s not the first time these kind of rumours hit the market, with a number of institutional investors said to have run the rulers over Fairfax, publisher of this website, possibly with the intention of spinning off the lucrative Domain real-estate website.

Markets were rattled overnight after Trump’s to trade adviser, Peter Navarro, accused Germany of using a “grossly undervalued” euro to gain a competitive advantage, while his boss ramped up his aggression against China and Japan arguing they use monetary policy to drive their currencies lower.

“Every other country lives on devaluation,” Trump said. Binary list “You look at what China’s doing, you look at what Japan has done over the years. Us stock market futures bloomberg They – they play the money market, they play the devaluation market and we sit there like a bunch of dummies.”

Bank of Japan chief Haruhiko Kuroda told a Tokyo news conference yesterday that “there are concerns that protectionist measures could cause international trade to shrink or global economic growth to decelerate.

“As Bank of Japan Governor (Haruhiko) Kuroda has said repeatedly, Japan’s monetary policy aims to achieve the domestic purpose of ending deflation. Fraction to decimal conversion chart It’s not aimed at (affecting) currency rates,” Masatsugu Asakawa, vice finance minister for international affairs, told reporters.

Chancellor Angela Merkel also sought to defend Germany from the accusation that it uses an artificially low currency to boost exports, by pointing out that the country could not influence the euro, and that Berlin “supported an independent European Central Bank.”

” We won’t exercise any influence over the European Central Bank, so I can’t and I don’t want to change the situation as it is now,” Merkel told reporters. Usd to jpy “We strive to trade on the global market with competitive products in fair trade with all others.”

He hasn’t understood euro or this is a serious conspiracy accusation. 10101 binary We take independence seriously over here. Gold chart 2016 @ecb https://t.co/P6Sjmmq37c— Henrik Enderlein (@henrikenderlein) January 31, 2017

Critics argue that the creation of the euro has been a huge benefit for the extremely competitive German economy, which has doubled its exports to around half of GDP since the common currency was introduced.

But others note that Germany has been very critical of European Central Bank chief Mario Draghi’s ultra-easy monetary policies – which include negative interest rates and a massive bond buying program – which have helped push the euro lower.

Zypries pointed out that only 10 per cent of German exports were going to the US while 60 per cent went to other European countries, but admitted that a protectionist US trade policy would cost German jobs.

” We sense the strong dollar policy is over, a thing of the past,” said Neil Jones, head of hedge fund FX sales at Mizuho. Usd to yen conversion “Recent US concern over the strong dollar versus China is now feeding into the eurozone with these comments on an undervalued euro.”

The euro is undervalued by anywhere between 9 per cent and 25 per cent the measures indicate, with the OECD’s purchasing-power parity showing the shared currency as the lowest relative to its fair value among its Group-of-10 peers.

Sydney posted a 1 per cent rise in dwelling values while Melbourne rose 0.8 per cent. Stock market futures definition Every other capital city, except for Darwin, showed rises in houses prices resulting in an overall combined capital states 0.7 per cent growth.

Year on year, Sydney values have risen 16 per cent while Melbourne has shot up 11.8 per cent. Binary pdf Since the growth cycle commenced in June 2012, Sydney dwelling values have increased by a cumulative 70.5 per cent.

“While the pace of capital gains remained strong in January, our view is that growth rates will trend lower over 2017, with several factors likely to dampen the strong capital gains trend,” head of research Tim Lawless said.

” Affordability constraints are likely to become more pressing, particularly in Sydney, where the dwelling price to income ratio was approaching 8.5 times in September 2016. Commodity definitions The deposit hurdle is becoming a larger barrier to entry with additional costs such as stamp duty adding to the high entry costs for housing.

“While mortgage serviceability remains reasonably healthy, mortgage rates are already edging higher on the back of higher funding costs, which could progressively take some heat out of investment demand. Fx rate cad usd In addition, with house prices continuing to increase, the supervisory focus from APRA and risk committees can only be expected to increase in 2017.”

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