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Patrick Bennett, FX Strategist at CIBC discusses his outlook for monetary policy in Australia.
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The rally in Asian markets ran out of steam Monday afternoon as investors took profits from the recent run up in stocks. The key benchmarks in Tokyo and Seoul crept up to close marginally higher after a choppy session.
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Asian markets were on shaky ground Friday ahead of U.S. monthly employment data, due out later in the session, that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
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Asian markets rallied Thursday, as encouraging signs about the health of U.S. banks and the state of the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.
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Asian stocks were mostly lower while the yen rose Wednesday after news Bank of America needs $34 billion in fresh capital, sending shivers through investors ahead of official results of stress tests on U.S. banks due for release on Thursday.
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Asian stocks were higher Tuesday with cyclical stocks and coal miners rising on signs of stability in the global economy, and greater China markets buoyed by cross-strait hopes. Trade though was quiet with markets shut in Japan, South Korea and Thailand.
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Asian stocks punched to a seven-month peak Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
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Asian markets open the Monday session higher as optimism grows that the United States economy is starting to stabilize. Trade in equities is thin due to the Golden Week holidays in Japan, with markets there closed until Thursday.
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Asian markets hit four-month highs Thursday as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
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Asia stocks and the Australian dollar bounced back on Wednesday from a two-day slide, with investors taking heart from data showing the U.S. economy slowly healing, and betting the swine flu outbreak will be contained.
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Asian stocks slipped for a second session Tuesday on worries about the potential economic fallout from the swine virus outbreak, even as investor reaction remained limited due to uncertainty about the full impact.
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Asian stocks weakened Monday with worries about a global flu pandemic unnerving financial markets boosting pharmaceuticals while beating down pork product makers, trade, travel and tourism stocks.
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Gold was on the rise Thursday as investors climb back into safe haven stocks amid the economic uncertainty. Experts tell CNBC the precious metal may retest $1,000.
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Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
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Banks soared in global markets Tuesday after Goldman Sachs reported a strong first-quarter profit. But investors remained cautious on concerns over the fate of General Motors and the impact the economic slowdown has had on companies.
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Global stocks were up Thursday, ahead of the long Easter weekend, with banks and commodities leading the gains. Experts tell CNBC that while caution should reign when investing in banking stocks, commodities have potential over the long term.
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Global stocks were down Wednesday, after poor results from U.S. aluminum producer Alcoa dragged Wall Street lower and sparked fears of a disappointing earnings season. Experts tell CNBC they see value in banks in China and Singapore, but stress caution when approaching markets.
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Australian consumer sentiment surged in April, boosted by rebounding stock markets, low interest rates and cash payments by the government fighting to stave off the threat of a looming recession.
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Global stocks were mixed Tuesday with the banks dragging the most after noted analysts Meredith Whitney and Mike Mayo warned on the sector ahead of U.S. earnings season. Experts tell CNBC that more pain is ahead for financials and as a result, investors should avoid them.
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Global stocks started the week in positive territory Monday, with banks and oils leading the gain, as investors became more reassured that the global economic slowdown has bottomed. Experts tell CNBC how to make money at this time.
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Global stocks slipped Friday as the positive sentiment stemming from the G20 summit's coordinated action and united front diminished and was replaced by caution ahead of the U.S. nonfarm payrolls report.