Articles by Marcus Padley


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.

Morning Market Report: A quiet start to the week

The Labour Day holiday in most states has made for a quiet start to the week, with the market down 6. Overseas, worse-than-expected economic numbers pushed the market lower.

Morning Market Report: Mark drops down, down, down

Not a good start to the quarter, with the market down 94 and Wall St closing down 203, it’s biggest fall since July.

Morning Market Report: Market down, but metals forge ahead

The market is down 10, and Wall St closed down 30, but metals had a strong session, with zinc, nickel and gold all up.

Morning Market Report: Another day looking down

The better-than-expected S&P/Case-Shiller home price index failed to inspire the market today, which was down 11, while Wall St closed down 47.

Morning Market Report: Market making up losses

The market is up 84, managing to make up for the losses yesterday. Wall St also had a big day, closing up 124.

Morning Market Report: A sorry start to the week

It’s a bad start to the week, with the market down 67 and Wall St closing down 42.

Morning Market Report: Tougher FIRB laws

The federal government has altered the laws relating to foreign investment. The government wants the foreign share of greenfields development in the resources sector to be below 50%, and around 15% for major miners.

Morning Market Report: Market and Wall St both down

The market is down 12. The SFE Futures were down 28 this morning. Wall St was also looking glum, closing down 81.

Morning Market Report: A morning market surprise

The market is up 61, which is a bit of a surprise considering the SFE Futures were up 19 overnight. Wall St also closed up 51 overnight.

Morning Market Report: Market, Wall St down

The market is down 4, Wall St is down 41, and the dollar is down to 86.34c.

Morning Market Report: Wall St hits new yearly high

Wall Street closed up 36 on Friday — another new yearly high — but the domestic market is down 18 today and the Aussie dollar has dropped to 86.57c.

Morning Market Report: Metals are mixed, dollar falls

Gold fell $6.70 and the Aussie dollar fell to 87.07c overnight, while the market is down 36.

Morning Market Report: Good day for the market

Things are looking up for the market again, up 65 today. Wall St closed up 108, a new yearly high.

Morning Market Report: The markets are a having a good day

The Aussie was up 86.33c compared to 86.16c yesterday morning. Federal Reserve Chairman Ben Bernanke said last night, “From a technical perspective, the recession is very likely over”.

Morning Market Report: Wall St closes at a new yearly high

With the Dow Futures down over 80 early yesterday, many were expecting a negative session in the US overnight. But it didn’t quite work out that way.

Morning Market Report: A low start to the week

After the highs of last week, this week has started off down, with the market down 51 and SFE Futures were down 4 this morning. Wall St also dropped on Friday, after a solid 5 days of gains.

Morning Market Report: Market and dollar end the week strongly

The market is finishing the week strongly, up 32, while the Aussie dollar was up again to 86.33c.

Morning Market Report: Market highest in 11 months

It’s positive news all round, with the market up 37 and for the fourth straight day, Wall St closed higher, this time up 50. The Aussie dollar also creeped up an extra .09c, up to 86.29c.

Morning Market Report: Wall St stays positive

Wall St. closed up 56 overnight, registering its third straight positive session, while the local market was up 24.

Morning Market Report: A$ hits 85.55c overnight

Talk that the RBA will be the first Central Bank to increase interest rates as early as next month pushed the Aussie dollar to 85.55c; American markets closed for the Labor Day holiday.

Morning Market Report: Solid start to the week

Things are looking promising this week, with the market up 23 and the SFE Futures up 38 this morning. But after two days of heavy gains, the price of gold fell $1.

Morning Market Report: Dollar, Dow, market all up

The market is up 30, the Dow up 64, and the dollar up to 83.97c today. Consolidated Media Holdings is also up, after indicating it could be looking for shareholders.

Morning Market Report: Gold shines

The market is down 8, and the Dow closed down 30. But it’s not all doom and gloom, with gold up $22 and the Aussie dollar up to 83.39c.