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  • Article / 11 minutes ago

    Today's Trade: S&P/ASX200 loses early gains, AUDUSD under pressure

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: S&P/ASX200 loses early gains, AUDUSD under pressure
    The ASX took its lead from European and US markets with a strong opening that soon lost momentum. The S&P/ASX200 surged at the start of trade, but then surrendered its early gains. Meanwhile commodities are proving to be unusually robust, with iron ore prices holding up, base metals higher, and oil prices rising despite a jump in inventories.
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  • Editor’s Picks / 1 hour ago

    IMF's two reasons why first-half global growth is weak

    CNBC
    The IMF said on Wednesday that moderate global growth in the first half of the year is reflective of two elements: a slowdown in emerging economies and weak recovery in advanced ones. "In an environment of rising financial market volatility, declining commodity prices, weaker capital inflows and depreciating emerging market currencies, downside risks to the outlook have risen, particularly for emerging markets and developing economies," the IMF said. The analysis comes when global markets have been in flux, with US crude prices closing up nearly 2% on Wednesday after falling as much as 4%. This came a day after crude futures settled down nearly 8% after a massive three-day rally. Equities have also been taken for a ride, US stocks closing more than 1% higher a day after plunging more than 2%.
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  • Editor’s Picks / 2 hours ago

    Disruptive smartphone firm Xiaomi mulls laptop launch

    South China Morning Post
    Xiaomi, China's top smartphone vendor, is considering introducing its first laptop early next year, opening a new front in its battle with Apple and China's Lenovo. Xiaomi’s notebook may go on sale in Q1 to compete with such premium computers as Apple’s MacBook Air and Lenovo’s ThinkPad. Xiaomi has held talks with Samsung Electronics to supply memory chips, and that may extend to providing displays. Only five years after its founding, Xiaomi vaulted into the global smartphone industry’s top ranks by providing stylish devices with premium components at mid-range prices. The company co-founded by billionaire Lei Jun made its mark with cheaper smartphones sold online before moving into higher-end devices, buoyed by a thriving online community.
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  • Editor’s Picks / Yesterday at 23:38 GMT

    China, Malaysia spark fears of an Asian financial crisis

    Nikkei Asian Review
    Financial instability in Asia and elsewhere has been attributed partly to China, following the mishandled yuan devaluation and the failed bid to prop up equities. Some wonder if another Asian crisis is brewing. The immediate answer is no, because debt and forex factors that helped to trigger the 1997 crisis are not in play now. But this does not mean everything is different or better. Now, as then, people are fretting about an Asian country, without being able to see how contagion could be unleashed. In 1997 the focus was on Thailand; this time it's on Malaysia. This nation may be a special case, but other countries are feeling the economic stress manifest in slowing growth and faltering exports.
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  • Article / Yesterday at 15:50 GMT

    Why traders should love volatility

    Head of Equity Strategy / Saxo Bank
    Denmark
    Why traders should love volatility
    Volatility is often said to be the enemy, but for traders volatility is actually a friend. It makes it easier to make money by lowering the threshold for prediction accuracy on the direction. Volatility helps traders overcome trading costs much more easily and it stimulates more active trading.
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