Articles by Marcus Padley


Morning Market Report: Wall St takes a big fall

Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.

Morning Market Report: Housing disappoints

Housing Starts and Building Permits for October disappointed as Wall St fell 11 overnight. The local market is up 18.

Morning Market Report: No inflation in the US means no need to raise interest rates

No inflation in the US means no need to raise interest rates — a boon for the Aussie dollar and the market, which is up 46 today.

Morning Market Report: An impressive session for Metals

Metals had an impressive session overnight, with Copper, Nickel and Zinc finishing around 5% higher. Wall St closed up 137, and today’s market is up 13.

Morning Market Report: S&P 500 index hits a 13-month high

The S&P 500 index hit a 13 month high last night — that’s six sessions on the trot now. The market is up 35, while Wall St closed up 44.

Morning Market Report: Aussie dollar grows even stronger

The Aussie dollar increased to 93.05c versus 93c yesterday morning. The market is up 28, and Wall St closed up 20.

Morning Market Report: Aussie dollar continues its rise

The Aussie dollar continued its rise — up to 93c compares to 92.20c yesterday. The market is up 59, while Wall St closed up 204.

Morning Market Report: Dow strong — even if US employment isn’t

The Dow closed above 10,000 last week, despite weaker job numbers. Today the market is up 74, and the Aussie dollar is up to to 92.20c.

Morning Market Report: Rates to stay on hold

The FOMC kept rates on hold as expected at 0-0.25%. Federal Reserve Chairman Ben Bernanke had a cautious tone saying he would keep rates at these levels for an extended period of time.

Morning Market Report: Gold is a big mover

Gold was the big mover overnight putting on $31 to $1085. The market is up 4, while the Dow closed down 17.

Morning Market Report: A Wall St shocker

Wall St. had a shocker on Friday closing down 250. Today, the market is down 115 and the Aussie dollar has dropped to 89.72c.

Morning Market Report: The US economy returns to growth

The US economy returns to growth and Wall St had a good session, up 200, while our own market was up 70.

Morning Market Report: Market gives up its prior gains

Things weren’t looking too positive today, with the market down 90 and the SFE Futures down 80 points this morning. Wall St. also fell over again overnight.

Morning Market Report: All S&P 500 sectors down

The market gave away early gains with all ten S&P 500 sectors finishing lower. Wall street finished down 104, and the domestic market is down 45.

Morning Market Report: Market, Wall St down

The market is down 27, and Wall St closed down 109 on Friday.

Morning Market Report: US market reverses in the last hour

The US market reversed in the last hour last night, with Wall St falling 92. The local market is down 3, but the Aussie dollar is up to 92.89c.

Morning Market Report: Poor housing results damage markets

Housing starts and building permits coming in below expectations saw Wall St fall 51 overnight, while the market here was down 18.

Morning Market Report: Dollar and market down

The Aussie dollar fell to 91.41c — the weaker-than-expected seeing the market down 58, while Wall Stwas also down, 67.

Morning Market Report: Market hits a fresh yearly high

The market hit a fresh yearly high today, up 55, while the Dow cracked 10,000 for the first time in over a year and the Aussie dollar’s rise continues.

Morning Market Report: Wall St finally falls

Wall St. fell for the first time in 6 sessions last night, down 15, but the local market is up 17 and the Aussie dollar is up to 90.86c.

Morning Market Report: Dow hit a 12 month high

The Dow hit a 12 month high, the market is down 1 today, while Wall St closed up 78 on Friday.

Morning Market Report: A big night for metals

The market is down 6, and Wall St closed up 61. It was a huge night for metals, with Zinc, Lead and Nickel all up, and the Aussie dollar hit a 14-month high of 90.63c.

Morning Market Report: US 3rd quarter results kick off

The US 3rd quarter results season kicked off with the first major result from Alcoa last night — the stock is up 5.8%. Meanwhile, the market is up 38, but the Dow closed down 6.

Morning Market Report: Gold looks golden

The story overnight was Gold after it hit a record intraday high and closed up $21.90 to $1040. Meanwhile, the market is up 65, and Wall St was up 131.

Morning Market Report: Gold bulls stay in the game

The market is up 26 today, and Wall St closed up 112. A $13.50 rally in the gold price overnight to $1017 has kept the gold bulls in the game after they bought the last break only to see it fall over again.