en-au Copyright 2008-9 BT Financial Group Candid Caton: BT's Chief Economist Chris Caton provides a recorded regular update on current market conditions. The updates are current, quick and easy to listen to. http://www.bt.com.au/rss/Chris-Caton.jpg 144 144 http://www.bt.com.au/bt-market-insights/bt-chief-economist/three-minute-market-update.asp http://www.bt.com.au/bt-market-insights/bt-chief-economist/three-minute-market-update.asp Business BT Financial Group Candid Caton: BT's Chief Economist Chris Caton's regular updates on current market conditions. BT's Chief Economist Chris Caton provides a recorded regular update on current market conditions. The updates are current, quick and easy to listen to. BT Financial Group InternetContent@btfinancialgroup.com (BT Digital) No invest, investing, economist, stocks, stock, markets, australia, australian, global, economic, update, volatility, economics, business, news Mon, 15 Mar 2010 12:00:00 +1000 Mon, 15 Mar 2010 12:00:00 +1000 InternetContent@btfinancialgroup.com (BT Digital) 300 This week, US Retail sales rose by 0.03%, however consumer confidence figures slightly fell for the first half of March. The Dow Jones is up by 0.6%, the S&P is up a per cent, and the NASDAQ by 1.8%. Since March 2009, the S&P has rose by more than 68% which is the strongest 12 months gain for more than 70 years. This week, US Retail sales rose by 0.03%, however consumer confidence figures slightly fell for the first half of March. The Dow Jones is up by 0.6%, the S&P is up a per cent, and the NASDAQ by 1.8%. Since March 2009, the S&P has rose by more than 68% which is the strongest 12 months gain for more than 70 years. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100315-Chris-Caton-Update.pdf Mon, 15 Mar 2010 10:15:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100315-Chris-Caton-Update.mp3 3:23 Goldman Sachs believes that the March payrolls release at the end of the month will show an increase of 275,000 people. The US trade deficit unexpectedly narrowed in January. Falling imports were the main driver here as exports decreased for the first time in nine months. However, exports to the Pacific Rim from the United States are very, very strong indeed - January 2010 compared to January 2009 - to China were up 64.5%, Korea up 60.6%, and Taiwan up a very strong 80.6%. Goldman Sachs believes that the March payrolls release at the end of the month will show an increase of 275,000 people. The US trade deficit unexpectedly narrowed in January. Falling imports were the main driver here as exports decreased for the first time in nine months. However, exports to the Pacific Rim from the United States are very, very strong indeed - January 2010 compared to January 2009 - to China were up 64.5%, Korea up 60.6%, and Taiwan up a very strong 80.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100312-Andrew-Dowie-Update.pdf Fri, 12 Mar 2010 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100312-Andrew-Dowie-Update.mp3 2:43 The labour market report revealed a fall in employment in the US of about 36,000 jobs in the month of February, which was better than expected, as it was feared bad weather conditions would lead to a significant loss of employment. The unemployment rate for Februrary remains at 9.7%. Chris Caton's 8 March 2010 update InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100308-Chris-Caton-Update.pdf Mon, 8 Mar 2010 08:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100308-Chris-Caton-Update.mp3 4:31 We believe the outlook for the Australian economy continues to look strong through 2010. The economy has continued to perform better than expected supported by strong regulatory framework, stimulatory settings of monetary and fiscal policy, stable employment and, obviously, strong trade links to Asia. We believe the outlook for the Australian economy continues to look strong through 2010. The economy has continued to perform better than expected supported by strong regulatory framework, stimulatory settings of monetary and fiscal policy, stable employment and, obviously, strong trade links to Asia. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100305-Andrew-Dowie-Update.pdf Fri, 5 Mar 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100305-Andrew-Dowie-Update.mp3 3:28 Services in the United States expanded for the second month in a row. New orders and supplier deliveries were gaining momentum. Also, February's figure was the highest of this release since October 2007. The jobs index is still below the magical 50 mark but improved in February to 48.6% from 44.6% in January. Services in the United States expanded for the second month in a row. New orders and supplier deliveries were gaining momentum. Also, February's figure was the highest of this release since October 2007. The jobs index is still below the magical 50 mark but improved in February to 48.6% from 44.6% in January. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100304-Andrew-Dowie-Update.pdf Thu, 4 Mar 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100304-Andrew-Dowie-Update.mp3 2:16 Mixed economic news - a surprisingly sharp drop in existing home sales versus the Chicago ISM Index rising - but the market down at the end of the day as winter weather kept a lot of the traders away from the action. This week, US sees the Consumer spending for the month of January report released early in the week. They get their national ISM also - both for manufacturing and services. The snow storms almost guarantee that employment will fall in February. It's a big week in Australia also. We're heading towards our GDP figures, and fairly healthy growth - somewhere around about half a per cent generally expected in the fourth quarter of last year. Mixed economic news - a surprisingly sharp drop in existing home sales versus the Chicago ISM Index rising - but the market down at the end of the day as winter weather kept a lot of the traders away from the action. This week, US sees the Consumer spending for the month of January report released early in the week. They get their national ISM also - both for manufacturing and services. The snow storms almost guarantee that employment will fall in February. It's a big week in Australia also. We're heading towards our GDP figures, and fairly healthy growth - somewhere around about half a per cent generally expected in the fourth quarter of last year. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/03-march/20100301-Chris-Caton-Update.pdf Mon, 1 Mar 2010 08:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/03-march/20100301-Chris-Caton-Update.mp3 3:02 Europe had a marginally up night, the FTSE rose by 0.5% and the German market was up by about 0.2%. That mood continued in the US, the Dow Index is up 0.9% and the S&P up by 1%. If nothing else, that will get our market off to a positive start today. There's nothing imminent about tightening monetary policy. But the Fed did raise one particularly rate, the so-called discount rate last week. Dr Bernanke's demeanour and speech yesterday sugegsted interest rates will be low for a long time. Australia gets some news on capital spending on today for the fourth quarter of last year. This is a building block, if you like, for the GDP figures, so remains to be seen what happens there. Europe had a marginally up night, the FTSE rose by 0.5% and the German market was up by about 0.2%. That mood continued in the US, the Dow Index is up 0.9% and the S&P up by 1%. If nothing else, that will get our market off to a positive start today. There's nothing imminent about tightening monetary policy. But the Fed did raise one particularly rate, the so-called discount rate last week. Dr Bernanke's demeanour and speech yesterday sugegsted interest rates will be low for a long time. Australia gets some news on capital spending on today for the fourth quarter of last year. This is a building block, if you like, for the GDP figures, so remains to be seen what happens there. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100225-Chris-Caton-Update.pdf Thu, 25 Feb 2010 08:45:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100225-Chris-Caton-Update.mp3 3:51 Markets were unnerved by an unexpected fall in US consumer confidence last night on Wall Street, from 56.5 in January to 46 this month, its lowest level since April of last year. The S&P 500 was down a little over 1%. Elsewhere, in Germany business confidence unexpectedly fell for the first time in 11 months in February, probably due to the coldest winter in 20 years as there was no economic news behind it. Markets were unnerved by an unexpected fall in US consumer confidence last night on Wall Street, from 56.5 in January to 46 this month, its lowest level since April of last year. The S&P 500 was down a little over 1%. Elsewhere, in Germany business confidence unexpectedly fell for the first time in 11 months in February, probably due to the coldest winter in 20 years as there was no economic news behind it. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100224-Andrew-Dowie-Update.pdf Wed, 24 Feb 2010 09:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100224-Andrew-Dowie-Update.mp3 1:22 Well once again it was a very quite night with not much action on world markets. The Dow, S&P, NASDAQ and European markets all finished in the red, but only by small amounts. The Fed's decision to raise the discount rate was not necessarily a signal that an increase in the federal funds rate is imminent. In Europe, the Greek stock market was firmer as investors grew more optimistic that a solution to their funding problems was imminent. After a very strong session yesterday, our market looks set for a steady start this morning, with SPI futures barely changed from last night. Well once again it was a very quite night with not much action on world markets. The Dow, S&P, NASDAQ and European markets all finished in the red, but only by small amounts. The Fed's decision to raise the discount rate was not necessarily a signal that an increase in the federal funds rate is imminent. In Europe, the Greek stock market was firmer as investors grew more optimistic that a solution to their funding problems was imminent. After a very strong session yesterday, our market looks set for a steady start this morning, with SPI futures barely changed from last night. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100223-Chris-Thompson-Update.pdf Tue, 23 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100223-Chris-Thompson-Update.mp3 2:22 A lacklustre session overnight saw the Dow and S&P up marginally, but ended the week up around 3%, the second straight up week after the recent downturn. The Australian market looks set to start strongly. A lacklustre session overnight saw the Dow and S&P up marginally, but ended the week up around 3%, the second straight up week after the recent downturn. The Australian market looks set to start strongly. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100222-Chris-Caton-Update.pdf Mon, 22 Feb 2010 08:45:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100222-Chris-Caton-Update.mp3 3:51 A good night overseas and just to put some numbers on it, the S&P from its low point last March, is up around 63%. Our market should get off to a good start today, it could be up one per cent at the opening. Right now our dollar sits at $US 0.90.1. A good night overseas and just to put some numbers on it, the S&P from its low point last March, is up around 63%. Our market should get off to a good start today, it could be up one per cent at the opening. Right now our dollar sits at $US 0.90.1. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100219-Chris-Caton-Update.pdf Fri, 19 Feb 2010 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100219-Chris-Caton-Update.mp3 3:34 Well it was another solid night for equities, with promising economic data and better than expected corporate earnings underpinning gains. The dollar was up 40 points or 0.4%. The S&P also gained 0.4%, while the NASDAQ rose 0.6%. European markets delivered very strong gains, rising by about 1.4% on average. The economic outlook brightened when data was released showing that industrial production in the US declined by 0.9% in January. Well it was another solid night for equities, with promising economic data and better than expected corporate earnings underpinning gains. The dollar was up 40 points or 0.4%. The S&P also gained 0.4%, while the NASDAQ rose 0.6%. European markets delivered very strong gains, rising by about 1.4% on average. The economic outlook brightened when data was released showing that industrial production in the US declined by 0.9% in January. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100218-Chris-Thompson-Update.pdf Thu, 18 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100218-Chris-Thompson-Update.mp3 2:15 Equity markets were higher all over the globe and commodity prices were soaring. The Greek crisis seems to have been put on the backburner and with the Chinese New Year there were no further fears of Chinese tightening worrying markets. So the Dow was up 170 points or 1.7%; the S&P 500 was up 1.8% and the NASDAQ 1.3%. European markets were up by on average about 1.5%. The Australian dollar has surged given the strength in commodities and weakness in the US dollar, and is now trading believe it or not back over US$0.90. Equity markets were higher all over the globe and commodity prices were soaring. The Greek crisis seems to have been put on the backburner and with the Chinese New Year there were no further fears of Chinese tightening worrying markets. So the Dow was up 170 points or 1.7%; the S&P 500 was up 1.8% and the NASDAQ 1.3%. European markets were up by on average about 1.5%. The Australian dollar has surged given the strength in commodities and weakness in the US dollar, and is now trading believe it or not back over US$0.90. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100217-Chris-Thompson-Update.pdf Wed, 17 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100217-Chris-Thompson-Update.mp3 2:54 European markets were down slightly, possibly because they did get some fairly weak GDP figures for the fourth quarter. In the US the share markets dropped quite substantially early then clawed back, but nevertheless finished down for the day. The Dow Jones average was down by four-tenths of a per cent, and the S&P down by three-tenths. What were the reasons? Well it was said that they were a bit worried about Chinese growth, and there were lingering issues of course about sovereign debt in Europe. On the Australian data front there's nothing coming up this week, although there is a bit of Reserve Bank rhetoric which may move credit markets more than the share market. There will no report tomorrow due to the President's Day holiday. European markets were down slightly, possibly because they did get some fairly weak GDP figures for the fourth quarter. In the US the share markets dropped quite substantially early then clawed back, but nevertheless finished down for the day. The Dow Jones average was down by four-tenths of a per cent, and the S&P down by three-tenths. What were the reasons? Well it was said that they were a bit worried about Chinese growth, and there were lingering issues of course about sovereign debt in Europe. On the Australian data front there's nothing coming up this week, although there is a bit of Reserve Bank rhetoric which may move credit markets more than the share market. There will no report tomorrow due to the President's Day holiday. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100215-Chris-Caton-Update.pdf Mon, 15 Feb 2010 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100215-Chris-Caton-Update.mp3 3:42 The European Union put out a statement indicating what they were planning to do about Greece. This statement was greeted in a mixed fashion in Europe. The German market in fact fell by 6/10th in the session but over on the other side of the ditch the FTSE, the British index, rose by 6/10th of a per cent. Over in the United States they took a more benign view, the Dow was up by 9/10th of a per cent in the session and the S&P was up by 8/10th- clear signs that the US labour market is still improving was greeted favourably. The action in the US will get the Australian market off to probably a good start today. The AUD is up almost a per cent and a half from yesterday. The European Union put out a statement indicating what they were planning to do about Greece. This statement was greeted in a mixed fashion in Europe. The German market in fact fell by 6/10th in the session but over on the other side of the ditch the FTSE, the British index, rose by 6/10th of a per cent. Over in the United States they took a more benign view, the Dow was up by 9/10th of a per cent in the session and the S&P was up by 8/10th- clear signs that the US labour market is still improving was greeted favourably. The action in the US will get the Australian market off to probably a good start today. The AUD is up almost a per cent and a half from yesterday. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100212-Chris-Caton-Update.pdf Fri, 12 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100212-Chris-Caton-Update.mp3 4:12 The headline performance of US Equity markets was fairly flat. But that masks a fair bit of intra-day volatility, due to Ben Bernanke releasing his testimony to Congress. The market read into his statement a stronger intent to lift interest rates earlier than had been expected. As a result, the dollar strengthened and equity markets tumbled. Mr Bernanke didn't actually deliver the testimony in person due to the blizzard conditions in Washington, there was therefore no question and answer session afterwards, which may have led to an exaggerated move which was corrected through the rest of the day. Here in Australia our stock exchange, the ASX, is looking to open a bit better, the SPI futures are currently up about 14 points. The headline performance of US Equity markets was fairly flat. But that masks a fair bit of intra-day volatility, due to Ben Bernanke releasing his testimony to Congress. The market read into his statement a stronger intent to lift interest rates earlier than had been expected. As a result, the dollar strengthened and equity markets tumbled. Mr Bernanke didn't actually deliver the testimony in person due to the blizzard conditions in Washington, there was therefore no question and answer session afterwards, which may have led to an exaggerated move which was corrected through the rest of the day. Here in Australia our stock exchange, the ASX, is looking to open a bit better, the SPI futures are currently up about 14 points. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100211-Chris-Thompson-Update.pdf Thu, 11 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100211-Chris-Thompson-Update.mp3 2:51 Well after somewhat of a rocky ride recently, markets were back in positive spirits last night, with equity markets through Europe and the US posting sizeable gains. The Dow was up 150 points or 1.5%, S&P 1.3% and the NASDAQ 1.2%. The positive mood emanated from stories circulating in early European trade that the European Union was preparing a package to aid Greece, later denied by German officials. ASX is looking to open strongly. SPI Futures up 33 points at this stage. Well after somewhat of a rocky ride recently, markets were back in positive spirits last night, with equity markets through Europe and the US posting sizeable gains. The Dow was up 150 points or 1.5%, S&P 1.3% and the NASDAQ 1.2%. The positive mood emanated from stories circulating in early European trade that the European Union was preparing a package to aid Greece, later denied by German officials. ASX is looking to open strongly. SPI Futures up 33 points at this stage. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100210-Chris-Thompson-Update.pdf Wed, 10 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100210-Chris-Thompson-Update.mp3 3:04 Europe actually finished up with the FTSE up by about six-tenths, and the DAX up by around nine-tenths. What's going on there? Well, the European markets didn't see the late rally in the US on Friday, so they're catching up. This lead was not followed in the United States. The Dow Jones opened down, fell further, got it all back by 1 o'clock in the afternoon and then spent the last three hours heading south, and at the end of the session the Dow Jones average was down by eight-tenths of a per cent and that means that it closed at 9936. I had hoped that we'd seen the last close below 10,000, but sadly not the case. So another weak night in the US. The fall in the US will get the Australian market off to another weak start today, unfortunately, and as I speak the numbers have been corrected, and that is the post close numbers have come in, and with the Dow now down a full one per cent and the S&P down nine-tenths of a per cent. So the Dow now 9908, so just when you thought it couldn't get worse, it has. Europe actually finished up with the FTSE up by about six-tenths, and the DAX up by around nine-tenths. What's going on there? Well, the European markets didn't see the late rally in the US on Friday, so they're catching up. This lead was not followed in the United States. The Dow Jones opened down, fell further, got it all back by 1 o'clock in the afternoon and then spent the last three hours heading south, and at the end of the session the Dow Jones average was down by eight-tenths of a per cent and that means that it closed at 9936. I had hoped that we'd seen the last close below 10,000, but sadly not the case. So another weak night in the US. The fall in the US will get the Australian market off to another weak start today, unfortunately, and as I speak the numbers have been corrected, and that is the post close numbers have come in, and with the Dow now down a full one per cent and the S&P down nine-tenths of a per cent. So the Dow now 9908, so just when you thought it couldn't get worse, it has. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100209-Chris-Caton-Update.pdf Tue, 9 Feb 2010 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100209-Chris-Caton-Update.mp3 3:52 The session finished close to square but it could have been a lot worse. The US has lost 8.4 million jobs to date in this recession and employment is now below that of September 1999. On the other hand, the unemployment rates fell quite significantly from 10% to 9.7% with manufacturinf and temporary help leading the way. The Australian market probably will open down slightly on Monday, but we've got no big lead from offshore. The session finished close to square but it could have been a lot worse. The US has lost 8.4 million jobs to date in this recession and employment is now below that of September 1999. On the other hand, the unemployment rates fell quite significantly from 10% to 9.7% with manufacturinf and temporary help leading the way. The Australian market probably will open down slightly on Monday, but we've got no big lead from offshore. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100208-Chris-Caton-Update.pdf Mon, 8 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100208-Chris-Caton-Update.mp3 4:40 The US markets opened sharply down at the open and stayed that way pretty much all day; and declines were pretty much across the board, with almost every sector being hit hard. In the US there was an unexpected jump in the weekly jobless claims. Investor fear can be measured by the VIX Index, and it has risen a whopping 19% as the demons of 2008 and early 2009 try to raise their ugly heads again. Our market, not surprisingly, is looking set to open very weakly after the overseas lead. SPI futures are down 126 points or 2.7%. The US markets opened sharply down at the open and stayed that way pretty much all day; and declines were pretty much across the board, with almost every sector being hit hard. In the US there was an unexpected jump in the weekly jobless claims. Investor fear can be measured by the VIX Index, and it has risen a whopping 19% as the demons of 2008 and early 2009 try to raise their ugly heads again. Our market, not surprisingly, is looking set to open very weakly after the overseas lead. SPI futures are down 126 points or 2.7%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100205-Chris-Thompson-Update.pdf Fri, 5 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100205-Chris-Thompson-Update.mp3 3:36 The Dow was down 26 points or 0.3 per cent. S&P was down 0.5 per cent, while the technology-laden NASDAQ eked out a small one point gain. Earlier, European markets all finished lower by little more than half a per cent. The Australian dollar not surprisingly is a touch weaker - down again to 88.3 US cents. Our equity market is probably going to start off weaker thanks to the weaker US lead. The Dow was down 26 points or 0.3 per cent. S&P was down 0.5 per cent, while the technology-laden NASDAQ eked out a small one point gain. Earlier, European markets all finished lower by little more than half a per cent. The Australian dollar not surprisingly is a touch weaker - down again to 88.3 US cents. Our equity market is probably going to start off weaker thanks to the weaker US lead. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100204-Chris-Thompson-Update.pdf Thu, 4 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100204-Chris-Thompson-Update.mp3 2:36 Well markets were again in a positive mood last night, following through from the buoyancy from the previous day. It looks like there's certainly at last some traction in markets from the positive earnings season and the recovering global economic data. Fears about China's reining in of its economy seem to have been put on the backburner for a while, as have concerns over Greece's fiscal position. Well markets were again in a positive mood last night, following through from the buoyancy from the previous day. It looks like there's certainly at last some traction in markets from the positive earnings season and the recovering global economic data. Fears about China's reining in of its economy seem to have been put on the backburner for a while, as have concerns over Greece's fiscal position. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100203-Chris-Thompson-Update.pdf Wed, 3 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100203-Chris-Thompson-Update.mp3 2:16 At last equity markets appear to have taken heed of the good economic news coming through around them and arrested the slide which has taken hold in the last few weeks. Despite some good economic news we've been in probably the most meaningful pullback in equities since the rally began in March last year. Overnight the Dow was up 118 points or 1.2%, the S&P was up 1.4% and the NASDAQ 1.1%. European markets also closed in the black by between 0.6% and 1.1%. Our market is looking to open more strongly here. SPI Futures are currently up about 46 points. At last equity markets appear to have taken heed of the good economic news coming through around them and arrested the slide which has taken hold in the last few weeks. Despite some good economic news we've been in probably the most meaningful pullback in equities since the rally began in March last year. Overnight the Dow was up 118 points or 1.2%, the S&P was up 1.4% and the NASDAQ 1.1%. European markets also closed in the black by between 0.6% and 1.1%. Our market is looking to open more strongly here. SPI Futures are currently up about 46 points. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100202-Chris-Thompson-Update.pdf Tue, 2 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100202-Chris-Thompson-Update.mp3 2:43 Friday was the last trading day of January and it was a poor month for the US sharemarket in particular. The Dow was down by 3.5 per cent and the S&P down by 3.7 per cent in the month; once again, you cannot blame the economy. Just to put some perspective on this, for the whole of 2009 GDP in the US fell by 2.4 per cent and that is the worst annual result since 1938. So if you thought this was bad, it was. It is perhaps the end of the beginning, the end of the beginning of the sharemarket rally and it has been as great run. A correction like this was coming at some time. Friday was the last trading day of January and it was a poor month for the US sharemarket in particular. The Dow was down by 3.5 per cent and the S&P down by 3.7 per cent in the month; once again, you cannot blame the economy. Just to put some perspective on this, for the whole of 2009 GDP in the US fell by 2.4 per cent and that is the worst annual result since 1938. So if you thought this was bad, it was. It is perhaps the end of the beginning, the end of the beginning of the sharemarket rally and it has been as great run. A correction like this was coming at some time. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/02-february/20100201-Chris-Caton-Update.pdf Mon, 1 Feb 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/02-february/20100201-Chris-Caton-Update.mp3 5:18 Another weak night began in Europe with the FTSE down by 1.4% and the German market down by about 1.8%. That was transmitted to the US. The US market was down about one and a half per cent half way through the session, but right now is trading with the DOW and the S&P indexes both seven tenths of one per cent below yesterday�s close. There�s still a bit of concern about China slowing. There are ongoing concerns about Greece and whether or not it can fund its deficit, and the S&P ratings agency again noted that the UK banking system is but a shadow of its former self. Markets down. The Australian market will be down again today. Another weak night began in Europe with the FTSE down by 1.4% and the German market down by about 1.8%. That was transmitted to the US. The US market was down about one and a half per cent half way through the session, but right now is trading with the DOW and the S&P indexes both seven tenths of one per cent below yesterday�s close. There�s still a bit of concern about China slowing. There are ongoing concerns about Greece and whether or not it can fund its deficit, and the S&P ratings agency again noted that the UK banking system is but a shadow of its former self. Markets down. The Australian market will be down again today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100129-Chris-Caton-Update.pdf Fri, 29 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100129-Chris-Caton-Update.mp3 3:16 The Dow was up 42 points, or 0.4%, S&P up 4.5% and the NASDAQ 4.8%. European markets closed down by almost a percent on average. The Feds have maintained interest rates near zero and the US dollar was much stronger overnight, this impacted commodity markets with oil down to just above US$73 a barrel and gold down to US$1089 an ounce. The SPI futures have turned around with the US markets and they're now pointing to slightly stronger opening on the ASX this morning. The Dow was up 42 points, or 0.4%, S&P up 4.5% and the NASDAQ 4.8%. European markets closed down by almost a percent on average. The Feds have maintained interest rates near zero and the US dollar was much stronger overnight, this impacted commodity markets with oil down to just above US$73 a barrel and gold down to US$1089 an ounce. The SPI futures have turned around with the US markets and they're now pointing to slightly stronger opening on the ASX this morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100128-Chris-Thompson-Update.pdf Thu, 28 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100128-Chris-Thompson-Update.mp3 2:55 Good news on the economic front in the US - home prices showed another increase in November as measured by the cash selling index, the sixth consecutive monthly increase; consumer confidence, as measured by the Conference Board Confidence Index rose to 55.9, which was the highest reading in a year. The late weakness in the US market could perhaps be ascribed to nervousness ahead of the Federal Reserve�s Open Market Committee meeting, although there�s no chance of a change in interest rates. Good news on the economic front in the US - home prices showed another increase in November as measured by the cash selling index, the sixth consecutive monthly increase; consumer confidence, as measured by the Conference Board Confidence Index rose to 55.9, which was the highest reading in a year. The late weakness in the US market could perhaps be ascribed to nervousness ahead of the Federal Reserve�s Open Market Committee meeting, although there�s no chance of a change in interest rates. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100127-Chris-Thompson-Update.pdf Wed, 27 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100127-Chris-Thompson-Update.mp3 2:43 It was another poor day, the third poor day in a row. The major indexes the Dow and the S&P were both down by more than 2% for the day and that leaves them down 5% in just the past three days. The market has recently become concerned with: (1) the news of Chinese tightening and speculation that may lead to a slowing in Chinese growth and speculation that that will have implications for world growth; (2) the announcement by the administration of a financial sector regulation plan. I would just make the point that the old model wasn't working, something needs to be done and whatever is done is going to upset some people; (3) the unexpected loss by the Democrats of Ted Kennedy's Senate seat in Massachusetts; and (4) uncertainty about Ben Bernanke remianing FMC chairman. It was another poor day, the third poor day in a row. The major indexes the Dow and the S&P were both down by more than 2% for the day and that leaves them down 5% in just the past three days. The market has recently become concerned with: (1) the news of Chinese tightening and speculation that may lead to a slowing in Chinese growth and speculation that that will have implications for world growth; (2) the announcement by the administration of a financial sector regulation plan. I would just make the point that the old model wasn't working, something needs to be done and whatever is done is going to upset some people; (3) the unexpected loss by the Democrats of Ted Kennedy's Senate seat in Massachusetts; and (4) uncertainty about Ben Bernanke remianing FMC chairman. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100125-Chris-Caton-Update.pdf Mon, 25 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100125-Chris-Caton-Update.mp3 5:02 US President Barrack Obama's announcement of wide ranging plans to limit the amount of risks that US banks can take resulted in the Dow falling sharply by 213 points or 2%. The S&P fell 1.9%, and the NASDAQ fell 1.1%. Earlier European markets closed down by over 1%, falling sharply in sympathy with that news. All the major US banks tumbled more than 4% as investors weighed up the implications of the proposed regulations. US President Barrack Obama's announcement of wide ranging plans to limit the amount of risks that US banks can take resulted in the Dow falling sharply by 213 points or 2%. The S&P fell 1.9%, and the NASDAQ fell 1.1%. Earlier European markets closed down by over 1%, falling sharply in sympathy with that news. All the major US banks tumbled more than 4% as investors weighed up the implications of the proposed regulations. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100122-Chris-Thompson-Update.pdf Fri, 22 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100122-Chris-Thompson-Update.mp3 2:24 It was a rough night; equity markets were weak around the world due to stories that the Chinese monetary authorities are tightening lending from some banks in China. The Australian market weakened yesterday afternoon and that mood continued offshore. By the end of the session in Europe, the FTSE was down by 1.7% and the German index was down by 2.1%. The same mood continued in the US. It didn't matter that there were relatively good earnings reports. It didn't matter that the housing data for December were quite good. The market was in a mood to fall and fall it did. It was a rough night; equity markets were weak around the world due to stories that the Chinese monetary authorities are tightening lending from some banks in China. The Australian market weakened yesterday afternoon and that mood continued offshore. By the end of the session in Europe, the FTSE was down by 1.7% and the German index was down by 2.1%. The same mood continued in the US. It didn't matter that there were relatively good earnings reports. It didn't matter that the housing data for December were quite good. The market was in a mood to fall and fall it did. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100121-Chris-Caton-Update.pdf Thu, 21 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100121-Chris-Caton-Update.mp3 3:30 In the US, something happened that happens quite often: markets sell off on a Friday, think about it over the weekend, in this case over the long weekend and then on the first trading day of the new week get back almost exactly what they lost on the Friday. That's what happened this time. In round numbers, the US market fell by 1% last Friday and on Tuesday, in Tuesday trading, the Dow rose by 1.1% and the S&P by 1.3%. So the S&P index, in particular, added high for this recovery and in broad terms, it's up close to 71% from its low point on 9 March last year. In the US, something happened that happens quite often: markets sell off on a Friday, think about it over the weekend, in this case over the long weekend and then on the first trading day of the new week get back almost exactly what they lost on the Friday. That's what happened this time. In round numbers, the US market fell by 1% last Friday and on Tuesday, in Tuesday trading, the Dow rose by 1.1% and the S&P by 1.3%. So the S&P index, in particular, added high for this recovery and in broad terms, it's up close to 71% from its low point on 9 March last year. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100120-Chris-Caton-Update.pdf Wed, 20 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100120-Chris-Caton-Update.mp3 3:17 A weak day in the US on Friday - the Dow Jones average was down nine tenths of a percent and the S&P index down by 1.1%. - that will get the Australian market off to a weak start on Monday morning. No news out of the US Monday night and the Australian dollar right now trading around US$0.923. A weak day in the US on Friday - the Dow Jones average was down nine tenths of a percent and the S&P index down by 1.1%. - that will get the Australian market off to a weak start on Monday morning. No news out of the US Monday night and the Australian dollar right now trading around US$0.923. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100118-Chris-Caton-Update.pdf Mon, 18 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100118-Chris-Caton-Update.mp3 3:56 Equity markets were again anticipating good corporate news and were higher as a result, particularly in the tech sector. Locally, it seems increasingly likely that the RBA will lift rates again at the beginning of February. Equity markets were again anticipating good corporate news and were higher as a result, particularly in the tech sector. Locally, it seems increasingly likely that the RBA will lift rates again at the beginning of February. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100115-Chris-Thompson-Update.pdf Fri, 15 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100115-Chris-Thompson-Update.mp3 1:58 The bearish sentiment that crept into markets yesterday appears to have quickly subsided. US markets were again in positive territory buoyed by better corporate news. The Dow lifted by 54 points or 0.5%. S&P was up 0.8% and the NASDAQ an even more impressive 1%. The European markets were pretty much flat though, and the FTSE was even down slightly. The bearish sentiment that crept into markets yesterday appears to have quickly subsided. US markets were again in positive territory buoyed by better corporate news. The Dow lifted by 54 points or 0.5%. S&P was up 0.8% and the NASDAQ an even more impressive 1%. The European markets were pretty much flat though, and the FTSE was even down slightly. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100114-Chris-Thompson-Update.pdf Thu, 14 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100114-Chris-Thompson-Update.mp3 2:24 A remarkably bullish start to the year so far; doubts crept in overnight with risk assets sold off and bonds bought as doubt surfaced for the first time on the sustainability of the economic recovery. A remarkably bullish start to the year so far; doubts crept in overnight with risk assets sold off and bonds bought as doubt surfaced for the first time on the sustainability of the economic recovery. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100113-Chris-Thompson-Update.pdf Wed, 13 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100113-Chris-Thompson-Update.mp3 2:41 Another mildly positive session, the DAR up 0.4%, S&P up 0.2% and the NASDAQ down a touch by 0.2%. Earlier European markets were little changed, although they traded much higher earlier in the day after a strong session on Asian markets yesterday; there wasn't much economic news out overnight after the significant jobs report on Friday. Another mildly positive session, the DAR up 0.4%, S&P up 0.2% and the NASDAQ down a touch by 0.2%. Earlier European markets were little changed, although they traded much higher earlier in the day after a strong session on Asian markets yesterday; there wasn't much economic news out overnight after the significant jobs report on Friday. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100112-Chris-Thompson-Update.pdf Tue, 12 Jan 2010 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100112-Chris-Thompson-Update.mp3 2:19 The US market rose but not by much, but the S&P is now up 69% from its March 2009 low. Poor labour market figures - 85,000 jobs lost in December - did not affect the 10% unemployment rate. Locally, if the unemeployment rate stays steady or drops, that may indicate a rate rise in February. The US market rose but not by much, but the S&P is now up 69% from its March 2009 low. Poor labour market figures - 85,000 jobs lost in December - did not affect the 10% unemployment rate. Locally, if the unemeployment rate stays steady or drops, that may indicate a rate rise in February. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100111-Chris-Caton-Update.pdf Mon, 11 Jan 2010 08:15:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100111-Chris-Caton-Update.mp3 4:41 Small falls in Europe followed initially in the US but by the close of business were up, the Dow up 0.3% and the S&P up 0.4%. One piece of economic news, jobless claims rose but only by 1,000, and the four week average fell for the fourth time in a row. Australia will probably be up slightly today. Small falls in Europe followed initially in the US but by the close of business were up, the Dow up 0.3% and the S&P up 0.4%. One piece of economic news, jobless claims rose but only by 1,000, and the four week average fell for the fourth time in a row. Australia will probably be up slightly today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100108-Chris-Caton-Update.pdf Fri, 8 Jan 2010 08:45:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100108-Chris-Caton-Update.mp3 2:51 At the end of the session the Dow Jones and S&P were unchanged despite interesting economic news. The ISM index rose in December but only just squeaked above the 50% line which separates expansion from contraction. The ADM employment reports suggested December would be another month of job loss in the US. At the end of the session the Dow Jones and S&P were unchanged despite interesting economic news. The ISM index rose in December but only just squeaked above the 50% line which separates expansion from contraction. The ADM employment reports suggested December would be another month of job loss in the US. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100107-Chris-Caton-Update.pdf Thu, 7 Jan 2010 09:15:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100107-Chris-Caton-Update.mp3 3:43 A mixed night where at the end of the day nothing much happened. Europe FTSE up 0.4% and the DAX up 0.3% but the US had conflicting economic data to contend with - pending home sales plunged in November by 16% while manufacturing continued to be strong. A mixed night where at the end of the day nothing much happened. Europe FTSE up 0.4% and the DAX up 0.3% but the US had conflicting economic data to contend with - pending home sales plunged in November by 16% while manufacturing continued to be strong. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100106-Chris-Caton-Update.pdf Wed, 6 Jan 2010 09:15:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100106-Chris-Caton-Update.mp3 2:23 First trading day of 2010 got off to a rip-roaring start, with positives in manufacturing across the globe - China, US, UK and Europe. Share markets, which showed a slight slump towards end of year, jumped around 1.5% in the US, Europe and UK. Expect a good start locally to 2010. First trading day of 2010 got off to a rip-roaring start, with positives in manufacturing across the globe - China, US, UK and Europe. Share markets, which showed a slight slump towards end of year, jumped around 1.5% in the US, Europe and UK. Expect a good start locally to 2010. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2010/01-january/20100105-Chris-Caton-Update.pdf Tue, 5 Jan 2010 08:45:00 +1000 http://www.bt.com.au/downloads/podcasts/2010/01-january/20100105-Chris-Caton-Update.mp3 2:34 Chris Caton's last update for 2009. Chris Caton's last update for 2009. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091224-Chris-Caton-Update.pdf Thu, 24 Dec 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091224-Chris-Caton-Update.mp3 2:48 The market focused on the stronger economic news of very good home sales data and rose for the third day in a row, which will get the Austrlian market off to a good start. The market focused on the stronger economic news of very good home sales data and rose for the third day in a row, which will get the Austrlian market off to a good start. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091223-Chris-Caton-Update.pdf Wed, 23 Dec 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091223-Chris-Caton-Update.mp3 2:41 The second up night in a row, Europe saw the FTSE up 1.9%, the DAX up 1.7% and the Bourse up 2%. The mood transferred to the US where the Dow was up 0.8% and the S&P up 1.1%. No economic news, so the market seems to think the world economy is on the mend. The second up night in a row, Europe saw the FTSE up 1.9%, the DAX up 1.7% and the Bourse up 2%. The mood transferred to the US where the Dow was up 0.8% and the S&P up 1.1%. No economic news, so the market seems to think the world economy is on the mend. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091222-Chris-Caton-Update.pdf Tue, 22 Dec 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091222-Chris-Caton-Update.mp3 3:06 Not a lot to say. Market trading was extremely heavy without much economic news, DJ up 2/10 S&P up 6/10; for the week, DJ down 1.4% and S&P down 0.4%. The SPI Futures indicate the Australian market should start up about 3%. We're in for a quiet week due to Christmas. Not a lot to say. Market trading was extremely heavy without much economic news, DJ up 2/10 S&P up 6/10; for the week, DJ down 1.4% and S&P down 0.4%. The SPI Futures indicate the Australian market should start up about 3%. We're in for a quiet week due to Christmas. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091221-Chris-Caton-Update.pdf Mon, 21 Dec 2009 08:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091221-Chris-Caton-Update.mp3 2:24 Well it was a poor night - in Europe the FTSE was down a shade under 2% and this tone was followed in the US where there were disappointing corporate forecasts for the market to deal with. The Dow was down by 1.3% and the S&P index by 1.2%. This will get the Australian market off to a lower start this morning. Well it was a poor night - in Europe the FTSE was down a shade under 2% and this tone was followed in the US where there were disappointing corporate forecasts for the market to deal with. The Dow was down by 1.3% and the S&P index by 1.2%. This will get the Australian market off to a lower start this morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091218-Chris-Caton-Update.pdf Fri, 18 Dec 2009 09:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091218-Chris-Caton-Update.mp3 2:41 A quiet night with little market movemet and relatively good economic news with some unfathomable concerns are around the FOC statement; the Australian market off to a mixed start this morning. A quiet night with little market movemet and relatively good economic news with some unfathomable concerns are around the FOC statement; the Australian market off to a mixed start this morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091217-Chris-Caton-Update.pdf Thu, 17 Dec 2009 09:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091217-Chris-Caton-Update.mp3 3:32 A mixed night in Europe with the FTSE down 6/10th of a percent and the DAX up slightly; over in the US the Dwo Jones was down 5/10th of a percent and the S&P down 6/10th of a percent - what the market giveth, the market taketh away. A mixed night in Europe with the FTSE down 6/10th of a percent and the DAX up slightly; over in the US the Dwo Jones was down 5/10th of a percent and the S&P down 6/10th of a percent - what the market giveth, the market taketh away. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091216-Chris-Caton-Update.pdf Wed, 16 Dec 2009 10:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091216-Chris-Caton-Update.mp3 3:32 Markets up everywhere, the Abu Dabi payment of $10bn to Dubai World the only major story; the Australian dollar now around US91.6c. Markets up everywhere, the Abu Dabi payment of $10bn to Dubai World the only major story; the Australian dollar now around US91.6c. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091215-Chris-Caton-Update.pdf Tue, 15 Dec 2009 09:15:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091215-Chris-Caton-Update.mp3 2:06 The US markets up on Friday and square for the week, and the Australian markets off to a good start; the Australian dollar now around US91.4c. The US markets up on Friday and square for the week, and the Australian markets off to a good start; the Australian dollar now around US91.4c. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091214-Chris-Caton-Update.pdf Mon, 14 Dec 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091214-Chris-Caton-Update.mp3 3:08 The markets generally had a good night. In Europe, the FTSE in the UK was up by eight-tenths of a percent, and the DAX was up by 1.1%. The US followed suit, with by the end of the session the DOW up by seven-tenths, and the S&P up by six-tenths. This will get the Australian market off to a good start today. The markets generally had a good night. In Europe, the FTSE in the UK was up by eight-tenths of a percent, and the DAX was up by 1.1%. The US followed suit, with by the end of the session the DOW up by seven-tenths, and the S&P up by six-tenths. This will get the Australian market off to a good start today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091211-Chris-Caton-Update.pdf Fri, 11 Dec 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091211-Chris-Caton-Update.mp3 3:40 Markets rarely, if ever, get excited about mortgage applications data and wholesale trade data. And that's all that we've got. They do occasionally get excited about the oil inventory data, but there was nothing in those figures on this occasion. There's no real corporate news either so it's been a lacklustre session; right now, the market close to flat. We're getting no big steer, obviously, from the US market for our market today. So we'll just have to see what happens. Markets rarely, if ever, get excited about mortgage applications data and wholesale trade data. And that's all that we've got. They do occasionally get excited about the oil inventory data, but there was nothing in those figures on this occasion. There's no real corporate news either so it's been a lacklustre session; right now, the market close to flat. We're getting no big steer, obviously, from the US market for our market today. So we'll just have to see what happens. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091210-Chris-Caton-Update.pdf Thu, 10 Dec 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091210-Chris-Caton-Update.mp3 3:11 It's the old story, if you like, gee maybe the world economic recovery is not yet fully sustainable. These worries will go on for some time, but at the end of the day the good guys will win this. Markets down everywhere, gold obviously and oil prices following it down and the US dollar rising. As a result, for example, the Australian dollar now sits about a cent below where it was yesterday. The Australian market will open lower, that's quite clear and possibly by around a per cent. It's the old story, if you like, gee maybe the world economic recovery is not yet fully sustainable. These worries will go on for some time, but at the end of the day the good guys will win this. Markets down everywhere, gold obviously and oil prices following it down and the US dollar rising. As a result, for example, the Australian dollar now sits about a cent below where it was yesterday. The Australian market will open lower, that's quite clear and possibly by around a per cent. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091209-Chris-Caton-Update.pdf Wed, 9 Dec 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091209-Chris-Caton-Update.mp3 2:36 In Europe the FTSE was down by 2/10ths of 1% and the German market down by 6/10ths of 1%. Over in the USthe Dow Jones was effectively flat and the S&P down by about 3/10ths of 1%. Not much going on here obviously and not much driving it. There was just one piece of economic news in the US. Consumer credit for the month of October and it fell by less than expected and there were favourable revisions to the previous month. In Europe the FTSE was down by 2/10ths of 1% and the German market down by 6/10ths of 1%. Over in the USthe Dow Jones was effectively flat and the S&P down by about 3/10ths of 1%. Not much going on here obviously and not much driving it. There was just one piece of economic news in the US. Consumer credit for the month of October and it fell by less than expected and there were favourable revisions to the previous month. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091208-Chris-Caton-Update.pdf Tue, 8 Dec 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091208-Chris-Caton-Update.mp3 3:22 It was a broadly good night the FTSE was up by 2/10ths of 1%. The DAX by 8/10ths of 1%. The US also rose by about 0.7% on the day. That's close enough to the average for the Dow and the S&P. The approximate cause of the rise, a very, very good labour market report in the US. It was a broadly good night the FTSE was up by 2/10ths of 1%. The DAX by 8/10ths of 1%. The US also rose by about 0.7% on the day. That's close enough to the average for the Dow and the S&P. The approximate cause of the rise, a very, very good labour market report in the US. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091207-Chris-Caton-Update.pdf Mon, 7 Dec 2009 08:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091207-Chris-Caton-Update.mp3 3:25 In Europe, the UK and German markets were down slightly. In the US the Dow and S&P both closed down 0.75 %. Jobless claims fell again, which was a surprise, suggesting that the labour market is slowly mending. The ISM non-manufacturing index fell indicating that the service sector in the US is not yet growing strongly. The Australian market will open down. The AUD is sitting at US 92.6 cents. In Europe, the UK and German markets were down slightly. In the US the Dow and S&P both closed down 0.75 %. Jobless claims fell again, which was a surprise, suggesting that the labour market is slowly mending. The ISM non-manufacturing index fell indicating that the service sector in the US is not yet growing strongly. The Australian market will open down. The AUD is sitting at US 92.6 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091204-Chris-Caton-Update.pdf Fri, 4 Dec 2009 14:40:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091204-Chris-Caton-Update.mp3 2:36 Well, we had a quieter session last night with US equity markets fairly flat. The Dow did lose 20 points or 0.2%, but the S&P was up by half a point and the NASDAQ up by 0.4%. In Europe stockmarkets were all modestly higher by an average of about 0.2%. Well, we had a quieter session last night with US equity markets fairly flat. The Dow did lose 20 points or 0.2%, but the S&P was up by half a point and the NASDAQ up by 0.4%. In Europe stockmarkets were all modestly higher by an average of about 0.2%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091203-Chris-Thompson-Update.pdf Thu, 3 Dec 2009 14:40:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091203-Chris-Thompson-Update.mp3 2:16 Dubai, what of that? Markets appear to have quite easily shrugged off the events of last week and the risk trade was back on. All risk assets including equities, commodities, and commodities prospered while the US dollar and the US Treasury bonds fell back. The dollar rose 127 points or 1.2%. The S&P matched that gain while the NASDAQ was up 1.5%. Dubai, what of that? Markets appear to have quite easily shrugged off the events of last week and the risk trade was back on. All risk assets including equities, commodities, and commodities prospered while the US dollar and the US Treasury bonds fell back. The dollar rose 127 points or 1.2%. The S&P matched that gain while the NASDAQ was up 1.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091202-Chris-Thompson-Update.pdf Wed, 2 Dec 2009 11:10:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091202-Chris-Thompson-Update.mp3 2:25 After falling Thursday, European markets rose on Friday and fell again Monday, with the FTSE and German DAX off by 1%. In US, markets remained in negative for most of the session before peaking into positive territory towards the close. All of this suggests the market has absorbed the news from Dubai but markets are likely to remain choppy. After falling Thursday, European markets rose on Friday and fell again Monday, with the FTSE and German DAX off by 1%. In US, markets remained in negative for most of the session before peaking into positive territory towards the close. All of this suggests the market has absorbed the news from Dubai but markets are likely to remain choppy. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/12-december/20091201-Chris-Caton-Update.pdf Tue, 1 Dec 2009 09:20:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/12-december/20091201-Chris-Caton-Update.mp3 2:57 US market lost ground on Friday, with the Dow Jones falling 1.5% and S&P Index falling 1.7%. The reason? Dubai World requested a deferral of around $60b in debt repayments for another six months. It seems like the GFC is still with us... US market lost ground on Friday, with the Dow Jones falling 1.5% and S&P Index falling 1.7%. The reason? Dubai World requested a deferral of around $60b in debt repayments for another six months. It seems like the GFC is still with us... InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091130-Chris-Caton-Update.pdf Mon, 30 Nov 2009 08:40:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091130-Chris-Caton-Update.mp3 4:28 No action of course in the US where markets were closed for the Thanksgiving holiday, but a roasting of a different sort occurred elsewhere. Normally not much happens when the US is shut, but I'm afraid to report that last night European equity markets were down in a very big way. . No action of course in the US where markets were closed for the Thanksgiving holiday, but a roasting of a different sort occurred elsewhere. Normally not much happens when the US is shut, but I'm afraid to report that last night European equity markets were down in a very big way. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091127-Chris-Thompson-Update.pdf Fri, 27 Nov 2009 09:30:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091127-Chris-Thompson-Update.mp3 1:59 There were three very bright pieces of news from different areas of the American economy: consumer spending increased by 0.7% in October, higher than the 0.5% forecast; sales of new homes rebounded more than expected as people rushed to take advantage of the Government tax credit; on the employment front, data was released showing that the number of new and continuing job loss claims had dropped last week, adding to hopes that we may be seeing the end of the rise in unemployment. There were three very bright pieces of news from different areas of the American economy: consumer spending increased by 0.7% in October, higher than the 0.5% forecast; sales of new homes rebounded more than expected as people rushed to take advantage of the Government tax credit; on the employment front, data was released showing that the number of new and continuing job loss claims had dropped last week, adding to hopes that we may be seeing the end of the rise in unemployment. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091126-Chris-Thompson-Update.pdf Thu, 26 Nov 2009 09:50:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091126-Chris-Thompson-Update.mp3 2:05 Unfortunately, the strength shown earlier on Monday in world markets appears to have dissipated and equity and commodity markets were softer overnight. Despite a small rally late in the day after the release of the minutes of the last Fed board meeting, the Dow ended the day down 17 points or 0.2%. The S&P down 0.1% and the Nasdaq down 0.4%. Sentiment was negative through much of the day and the European markets all closed that way, down about 0.7% on average. Unfortunately, the strength shown earlier on Monday in world markets appears to have dissipated and equity and commodity markets were softer overnight. Despite a small rally late in the day after the release of the minutes of the last Fed board meeting, the Dow ended the day down 17 points or 0.2%. The S&P down 0.1% and the Nasdaq down 0.4%. Sentiment was negative through much of the day and the European markets all closed that way, down about 0.7% on average. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091125-Chris-Thompson-Update.pdf Wed, 25 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091125-Chris-Thompson-Update.mp3 1:52 Across the world markets appeared stronger overnight, with the US Dow Jones rising 1.3% and the S&P rising 0.9%. All major European markets also registered gains of around 2%. In the US, there is some expectation that interest rates might remain near zero until late 2010. Across the world markets appeared stronger overnight, with the US Dow Jones rising 1.3% and the S&P rising 0.9%. All major European markets also registered gains of around 2%. In the US, there is some expectation that interest rates might remain near zero until late 2010. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091124-Chris-Thompson-Update.pdf Tue, 24 Nov 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091124-Chris-Thompson-Update.mp3 1:46 On Friday stocks were down in Europe for the fourth straight day. This followed in the US where the Dow closed down 0.1% and the S&P down 0.3%. For the week the Dow rose 1.5%, the S&P dropped 0.2%. The AUD is sitting at US 91.5 cents. On Friday stocks were down in Europe for the fourth straight day. This followed in the US where the Dow closed down 0.1% and the S&P down 0.3%. For the week the Dow rose 1.5%, the S&P dropped 0.2%. The AUD is sitting at US 91.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091123-Chris-Caton-Update.pdf Mon, 23 Nov 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091123-Chris-Caton-Update.mp3 2:37 A return to one of those days where risk aversion reigned supreme. Any investment with any risk attached to it got sold down quite heavily. In equities the Dow was down 94 points or 0.9% while the S&P and NASDAQ were hit harder by 1.3% and 1.7% respectively. A return to one of those days where risk aversion reigned supreme. Any investment with any risk attached to it got sold down quite heavily. In equities the Dow was down 94 points or 0.9% while the S&P and NASDAQ were hit harder by 1.3% and 1.7% respectively. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091120-Chris-Thompson-Update.pdf Fri, 20 Nov 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091120-Chris-Thompson-Update.mp3 1:32 Will it be third time lucky for the Australian sharemarket today? We've tried to rally for the last couple of days but petered out during the day, perhaps it will be more of the same. Will it be third time lucky for the Australian sharemarket today? We've tried to rally for the last couple of days but petered out during the day, perhaps it will be more of the same. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091119-Chris-Thompson-Update.pdf Thu, 19 Nov 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091119-Chris-Thompson-Update.mp3 2:21 Despite the uncertainty and volatility in the air at the moment, there was very little action on US stock markets last night. The dollar had a small spurt in the last hour to gain 0.3%, S&P gained 0.1%, and the NASDAQ 4.3%. Markets were in negative territory for most of the day, and in fact the European markets closed that way, with the EURO STOXX 50 down 0.7%. Despite the uncertainty and volatility in the air at the moment, there was very little action on US stock markets last night. The dollar had a small spurt in the last hour to gain 0.3%, S&P gained 0.1%, and the NASDAQ 4.3%. Markets were in negative territory for most of the day, and in fact the European markets closed that way, with the EURO STOXX 50 down 0.7%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091118-Chris-Thompson-Update.pdf Wed, 18 Nov 2009 14:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091118-Chris-Thompson-Update.mp3 2:01 Another strong session overnight - the Dow was up 133 points or 1.3%. The S&P 500, 1.4% and the NASDAQ up 1.3%. Not surprisingly, the Australian dollar is strong against the US dollar, up another half a cent. We should be in for a very strong start to our market, the SPI Futures point that way; up 49 points. Another strong session overnight - the Dow was up 133 points or 1.3%. The S&P 500, 1.4% and the NASDAQ up 1.3%. Not surprisingly, the Australian dollar is strong against the US dollar, up another half a cent. We should be in for a very strong start to our market, the SPI Futures point that way; up 49 points. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091117-Chris-Thompson-Update.pdf Tue, 17 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091117-Chris-Thompson-Update.mp3 2:28 Dr Caton's update for 16 November : The US market up for the day, up for the week, and Australia can expect to be off to a good start on Monday morning. Dr Caton's update for 16 November : The US market up for the day, up for the week, and Australia can expect to be off to a good start on Monday morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091116-Chris-Caton-Update.pdf Mon, 16 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091116-Chris-Caton-Update.mp3 3:21 We'll start in Europe where the FTSE finished up slightly by two-tenths of a percent, but the German market down by one-tenth, so you'd have to say nothing much there. About ten minutes before the close in the US the Dow is down by 1% and the S&P 500 Index down by 1.2%. What caused this? Well, nothing much and I guess you could say that if the US market can go up for six days in a row on the basis of very little news, it's entitled to go down for one day without necessarily getting very much news. We'll start in Europe where the FTSE finished up slightly by two-tenths of a percent, but the German market down by one-tenth, so you'd have to say nothing much there. About ten minutes before the close in the US the Dow is down by 1% and the S&P 500 Index down by 1.2%. What caused this? Well, nothing much and I guess you could say that if the US market can go up for six days in a row on the basis of very little news, it's entitled to go down for one day without necessarily getting very much news. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091113-Chris-Caton-Update.pdf Fri, 13 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091113-Chris-Caton-Update.mp3 2:35 It was a good day but not a hugely busy session overnight across global markets. Beginning in the UK, the FTSE was up around .7% and the German DAX up 1%. In the US, shortly before close the Dow was up 0.4% (and that's four days in a row above the magical 10,000 mark) and the S&P was up 0.5% and flirting with the 1100 level. It was a good day but not a hugely busy session overnight across global markets. Beginning in the UK, the FTSE was up around .7% and the German DAX up 1%. In the US, shortly before close the Dow was up 0.4% (and that's four days in a row above the magical 10,000 mark) and the S&P was up 0.5% and flirting with the 1100 level. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091112-Chris-Caton-Update.pdf Thu, 12 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091112-Chris-Caton-Update.mp3 2:39 This market report comes to you about ten minutes before the close in the US as I have a school run to make. Overall it was a non-descript night, with not much movement in European markets (UK FTSE and German DAX both increased by 0.2%) and US markets remaining flat. These figures might have changed at the final close, but not by much. This market report comes to you about ten minutes before the close in the US as I have a school run to make. Overall it was a non-descript night, with not much movement in European markets (UK FTSE and German DAX both increased by 0.2%) and US markets remaining flat. These figures might have changed at the final close, but not by much. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091111-Chris-Caton-Update.pdf Wed, 11 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091111-Chris-Caton-Update.mp3 1:51 It was a great night all round, which shouldn't have been a surprise after the G20 announcement to continue stimulus and do whatever is necessary to keep growth moving. In Europe the FTSE was up more than 1% and in the US the Dow was up around 2% and S&P 2.2%. Both US indices are at highs for this current market upswing. The Australian market should kick on again from here. It was a great night all round, which shouldn't have been a surprise after the G20 announcement to continue stimulus and do whatever is necessary to keep growth moving. In Europe the FTSE was up more than 1% and in the US the Dow was up around 2% and S&P 2.2%. Both US indices are at highs for this current market upswing. The Australian market should kick on again from here. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091110-Chris-Caton-Update.pdf Tue, 10 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091110-Chris-Caton-Update.mp3 2:12 The US rounded out a good week with a fairly flat day. The Dow was up 0.2% and the S&P up 0.3%. For the week both were up more than 3.0%. The US had a very significant piece of news to deal with on Friday, the monthly employment report. The job loss was close to expectations at 190,00 jobs. The unemployment rate for September was 9.8%, and for October is 10.2%. It is the highest unemployment rate in the US since April 1983. The Australian labour market report comes out on Thursday which will be a key input in to the decision on whether or not to raise interest rates. The US rounded out a good week with a fairly flat day. The Dow was up 0.2% and the S&P up 0.3%. For the week both were up more than 3.0%. The US had a very significant piece of news to deal with on Friday, the monthly employment report. The job loss was close to expectations at 190,00 jobs. The unemployment rate for September was 9.8%, and for October is 10.2%. It is the highest unemployment rate in the US since April 1983. The Australian labour market report comes out on Thursday which will be a key input in to the decision on whether or not to raise interest rates. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091109-Chris-Caton-Update.pdf Mon, 9 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091109-Chris-Caton-Update.mp3 3:09 Beginning in Europe the share markets rose with the FTSE up 0.3% and the German market up 0.7%. The US opened strongly, and continued up all day with the preliminary close numbers the Dow listed up 2.1% and the S&P up 1.9%. Jobless claims dropped again, and productivity growth in the non-farm business sector for the third quarter of the year grew at an annual rate of 9.5% which is phenomenal. The AUD sits around US 91 cents. Beginning in Europe the share markets rose with the FTSE up 0.3% and the German market up 0.7%. The US opened strongly, and continued up all day with the preliminary close numbers the Dow listed up 2.1% and the S&P up 1.9%. Jobless claims dropped again, and productivity growth in the non-farm business sector for the third quarter of the year grew at an annual rate of 9.5% which is phenomenal. The AUD sits around US 91 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091106-Chris-Caton-Update.pdf Fri, 6 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091106-Chris-Caton-Update.mp3 4:07 It was a good night in Europe with the FTSE up 1.4% and the German market up 1.7%. The US market flattered to deceive last night with the bears taking control in the last hour. The Dow finished up 0.4% and the S&P up 0.2%. The non manufacturing ISM fell for the month, and the statement from the FOMC re-affirmed to keep short term interest rates low for a long period of time. The Australian market will open up. It was a good night in Europe with the FTSE up 1.4% and the German market up 1.7%. The US market flattered to deceive last night with the bears taking control in the last hour. The Dow finished up 0.4% and the S&P up 0.2%. The non manufacturing ISM fell for the month, and the statement from the FOMC re-affirmed to keep short term interest rates low for a long period of time. The Australian market will open up. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091105-Chris-Caton-Update.pdf Thu, 5 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091105-Chris-Caton-Update.mp3 2:35 Beginning in Europe, the news wasn't positive with more murmurs of a UK bank bailout pushing the market down 1.4%, and the German DAX falling by 1.3%. In the US it was another mixed session with the Dow Jones slighty down (0.02%) and the S&P slightly up (0.02%). I think that's akin to an each way bet in racing lingo, if horses are still your thing. The Australian market should open mixed. Beginning in Europe, the news wasn't positive with more murmurs of a UK bank bailout pushing the market down 1.4%, and the German DAX falling by 1.3%. In the US it was another mixed session with the Dow Jones slighty down (0.02%) and the S&P slightly up (0.02%). I think that's akin to an each way bet in racing lingo, if horses are still your thing. The Australian market should open mixed. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091104-Chris-Caton-Update.pdf Wed, 4 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091104-Chris-Caton-Update.mp3 2:59 Overnight in Europe the FTSE closed up 1.2%, and the German DAX was up by 0.3%. In the US, it was an interesting session of conflicting forces. There were two pieces of noticeably good economic news – construction spending rose by more than expected in the month of September – it was up by eight-tenths of a percent; and as a result of that, it is likely that the Q3 GDP figure that we got last week would be revised up. The other thing that came in strongly was the so-called USM Manufacturing Index. Overnight in Europe the FTSE closed up 1.2%, and the German DAX was up by 0.3%. In the US, it was an interesting session of conflicting forces. There were two pieces of noticeably good economic news – construction spending rose by more than expected in the month of September – it was up by eight-tenths of a percent; and as a result of that, it is likely that the Q3 GDP figure that we got last week would be revised up. The other thing that came in strongly was the so-called USM Manufacturing Index. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091103-Chris-Caton-Update.pdf Tue, 3 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091103-Chris-Caton-Update.mp3 3:30 It was a big down day, the biggest in four months. The Dow finished down 2.5% and the S&P down 2.8%. For the week the Dow was down 2.7% and the S&P down 4%. For the month the Dow stayed flat, while the S&P fell by 2%. The AUD is sitting just below US 90 cents. It was a big down day, the biggest in four months. The Dow finished down 2.5% and the S&P down 2.8%. For the week the Dow was down 2.7% and the S&P down 4%. For the month the Dow stayed flat, while the S&P fell by 2%. The AUD is sitting just below US 90 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/11-november/20091102-Chris-Caton-Update.pdf Mon, 2 Nov 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/11-november/20091102-Chris-Caton-Update.mp3 2:52 It was a good night. In the US the Dow was up 2.1%, the S&P up 2.3% and the NASDAQ up 1.8%. US GDP numbers signalled a 3.5% rise for the quarter ahead of expectations. US employment numbers showed further signs that unemployment may be beginning to peak. In Europe all the major markets closed higher more than 1%. The AUD is back up towards US 92 cents. It was a good night. In the US the Dow was up 2.1%, the S&P up 2.3% and the NASDAQ up 1.8%. US GDP numbers signalled a 3.5% rise for the quarter ahead of expectations. US employment numbers showed further signs that unemployment may be beginning to peak. In Europe all the major markets closed higher more than 1%. The AUD is back up towards US 92 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091030-Chris-Thomspon-Update.pdf Fri, 30 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091030-Chris-Thomspon-Update.mp3 1:36 It was not a good day for risk assets. In the US the Dow closed 1.2% lower, the S&P and NASDAQ closed down 1.9% and 2.7% respectively. In Europe all markets closed more that 2% lower. Commodities are lower across the board. The AUD is now back below US 90 cents. It was not a good day for risk assets. In the US the Dow closed 1.2% lower, the S&P and NASDAQ closed down 1.9% and 2.7% respectively. In Europe all markets closed more that 2% lower. Commodities are lower across the board. The AUD is now back below US 90 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091029-Chris-Thomspon-Update.pdf Thu, 29 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091029-Chris-Thomspon-Update.mp3 1:59 The news from markets over night was mixed. In the US the Dow was up .1%, and the S&P finished down .3% and NASDAQ down 1.2%. There was an unexpected fall in consumer confidence numbers which fell for the second month in a row. The AUD is sitting at US 91.6 cents. The news from markets over night was mixed. In the US the Dow was up .1%, and the S&P finished down .3% and NASDAQ down 1.2%. There was an unexpected fall in consumer confidence numbers which fell for the second month in a row. The AUD is sitting at US 91.6 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091028-Chris-Thomspon-Update.pdf Wed, 28 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091028-Chris-Thomspon-Update.mp3 2:15 There were small gains made in European markets. The FTSE opened up .2% and the Dax finished up .4%. The US had it's second down day. At the end of the session the Dow was down 1.1% and the S&P down 1.2%. The AUD came down and is now sitting at US 91.5 cents. There were small gains made in European markets. The FTSE opened up .2% and the Dax finished up .4%. The US had it's second down day. At the end of the session the Dow was down 1.1% and the S&P down 1.2%. The AUD came down and is now sitting at US 91.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091027-Chris-Caton-Update.pdf Tue, 27 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091027-Chris-Caton-Update.mp3 3:00 The US market continued it's topsy turby week with the market down for the day. The Dow fell by 1.1% and the S&P by 1.2%. For the week the Dow finished down .2% and the S&P .7%. The earnings that were released Microsoft and Amazon came in on the upside. The economic news that was released was existing home sales for the month of September which came in above expectations. The FTSE was up .7% and the Dax down .4%. The Australian market will open with a weak start for the week. The US market continued it's topsy turby week with the market down for the day. The Dow fell by 1.1% and the S&P by 1.2%. For the week the Dow finished down .2% and the S&P .7%. The earnings that were released Microsoft and Amazon came in on the upside. The economic news that was released was existing home sales for the month of September which came in above expectations. The FTSE was up .7% and the Dax down .4%. The Australian market will open with a weak start for the week. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091026-Chris-Caton-Update.pdf Mon, 26 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091026-Chris-Caton-Update.mp3 3:05 In Europe the market fell with the FTSE down by 1.1% and the German market down by 1.2%. The US, on the other hand, had a good night; and at the end of that, the Dow was up by 1.3%, and the S&P was up by 1.1%. The movement this week demonstrates, just my view, that you just can't afford to be out of this market at the moment. The AUD is currently sitting at US 92.7 cents. In Europe the market fell with the FTSE down by 1.1% and the German market down by 1.2%. The US, on the other hand, had a good night; and at the end of that, the Dow was up by 1.3%, and the S&P was up by 1.1%. The movement this week demonstrates, just my view, that you just can't afford to be out of this market at the moment. The AUD is currently sitting at US 92.7 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091023-Chris-Caton-Update.pdf Fri, 23 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091023-Chris-Caton-Update.mp3 4:13 Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly. Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091022-Chris-Caton-Update.pdf Thu, 22 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091022-Chris-Caton-Update.mp3 2:41 Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly. Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091021-Chris-Caton-Update.pdf Wed, 21 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091021-Chris-Caton-Update.mp3 2:45 It was another good session overnight, with the Dow Jones up 1% (and breaking the 10,000 barrier again) and the S&P 500 up around 1% also. 25 of 30 stocks in the Dow Jones rose overnight and the market was largely driven by favourable earnings reports. Around 135 companies are due to report this week. So far, so good. It was another good session overnight, with the Dow Jones up 1% (and breaking the 10,000 barrier again) and the S&P 500 up around 1% also. 25 of 30 stocks in the Dow Jones rose overnight and the market was largely driven by favourable earnings reports. Around 135 companies are due to report this week. So far, so good. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091020-Chris-Caton-Update.pdf Tue, 20 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091020-Chris-Caton-Update.mp3 2:58 A down day but an up week for international markets and no huge lead for the Australian market. Needless to say with the US market off on Friday, the Australian dollar fell, although it still sits at a very strong 91.5 cents. A down day but an up week for international markets and no huge lead for the Australian market. Needless to say with the US market off on Friday, the Australian dollar fell, although it still sits at a very strong 91.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091019-Chris-Caton-Update.pdf Mon, 19 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091019-Chris-Caton-Update.mp3 3:33 Well yet again, US markets were up; the Dow by 47 points, or 0.5%, and the S&P by 0.4%. The Nasdaq, though, was flat; while European markets did take a breather, and retraced somewhat. The Australian dollar has maintained its level of over 92 US cents, boosted by Glen Stevens' comments yesterday. Well yet again, US markets were up; the Dow by 47 points, or 0.5%, and the S&P by 0.4%. The Nasdaq, though, was flat; while European markets did take a breather, and retraced somewhat. The Australian dollar has maintained its level of over 92 US cents, boosted by Glen Stevens' comments yesterday. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091016-Chris-Thompson-Update.pdf Fri, 16 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091016-Thompson-Caton-Update.mp3 1:49 It was a good night in the US. At the end of it, the Dow Jones industrial average was up 1.5% and the S&P was up 1.8%. The good night in the US has unsurprisingly driven the Australian dollar higher yet again, and we now sit at an extraordinary 91.5 cents. It was a good night in the US. At the end of it, the Dow Jones industrial average was up 1.5% and the S&P was up 1.8%. The good night in the US has unsurprisingly driven the Australian dollar higher yet again, and we now sit at an extraordinary 91.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091015-Chris-Caton-Update.pdf Thu, 15 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091015-Chris-Caton-Update.mp3 4:29 I'm on the road today and away from the hard numbers but it doesn't look like I'm missing much of the market activity in the US. The Dow closed reasonably flat, with a small 0.2% drop. That's nothing significant. Closer to home, the AUD is buying US0.905 cents. The Australian market won't be overly affected by the US today. I'm on the road today and away from the hard numbers but it doesn't look like I'm missing much of the market activity in the US. The Dow closed reasonably flat, with a small 0.2% drop. That's nothing significant. Closer to home, the AUD is buying US0.905 cents. The Australian market won't be overly affected by the US today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091014-Chris-Caton-Update.pdf Wed, 14 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091014-Chris-Caton-Update.mp3 1:50 It was a quiet session overnight, as it was a federal government holiday in the US. The market finished up slightly with the Dow up .2%, and the S&P up .4%. The AUD is sitting at US90.6 cents. It was a quiet session overnight, as it was a federal government holiday in the US. The market finished up slightly with the Dow up .2%, and the S&P up .4%. The AUD is sitting at US90.6 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091013-Chris-Caton-Update.pdf Tue, 13 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091013-Chris-Caton-Update.mp3 2:01 The US market had a good day, to finish a good week. By the close of the session, the Dow was up by eight-tenths of a percent and the S&P by six-tenths; and that meant that the Dow rose by 4% for the week and the S&P by 4.5%. The gain in the US market on Friday night should get the Australian market off to a good start today. The US market had a good day, to finish a good week. By the close of the session, the Dow was up by eight-tenths of a percent and the S&P by six-tenths; and that meant that the Dow rose by 4% for the week and the S&P by 4.5%. The gain in the US market on Friday night should get the Australian market off to a good start today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091012-Chris-Caton-Update.pdf Mon, 12 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091012-Chris-Caton-Update.mp3 2:42 In Europe, markets were mostly up by more than 1%. In the US, the Dow was up 0.6%, the S&P was up 0.8%, and the NASDAQ 0.6%. Good news last night came on the economic front in the US, where initial jobless claims were lower than forecasted. The market had forecasted a number of 540,000, but the actual number was 521,000. The US dollar fell to its lowest value in over a year. The AUD dollar is now trading at well over US 90 cents. The weaker dollar also holds commodity markets; oil is back over $71 a barrel, and gold has continued its surge higher, now trading at $1,051 an ounce. In Europe, markets were mostly up by more than 1%. In the US, the Dow was up 0.6%, the S&P was up 0.8%, and the NASDAQ 0.6%. Good news last night came on the economic front in the US, where initial jobless claims were lower than forecasted. The market had forecasted a number of 540,000, but the actual number was 521,000. The US dollar fell to its lowest value in over a year. The AUD dollar is now trading at well over US 90 cents. The weaker dollar also holds commodity markets; oil is back over $71 a barrel, and gold has continued its surge higher, now trading at $1,051 an ounce. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091009-Chris-Thompson-Update.pdf Fri, 9 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091009-Thompson-Caton-Update.mp3 1:34 The Dow Jones index barely moved by the end of the day, down 6 points although it was a negative territory all day. The S&P 500 and NASDAQ were slightly firmer rising by 0.3%. The Dow Jones index barely moved by the end of the day, down 6 points although it was a negative territory all day. The S&P 500 and NASDAQ were slightly firmer rising by 0.3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091008-Chris-Thompson-Update.pdf Thu, 8 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091008-Thompson-Caton-Update.mp3 2:05 The Dow was up 132 points or 1.4%. The S&P also 1.4% and the NASDAQ 1.7%. In Europe, markets were even higher, with all major indices up well over 2%. The rise last night, coupled with the big increase of the day before, translates into the biggest two day increase in almost three months. The Dow was up 132 points or 1.4%. The S&P also 1.4% and the NASDAQ 1.7%. In Europe, markets were even higher, with all major indices up well over 2%. The rise last night, coupled with the big increase of the day before, translates into the biggest two day increase in almost three months. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091007-Chris-Thompson-Update.pdf Wed, 7 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091007-Thompson-Caton-Update.mp3 2:14 US shares rebounded overnight after four straight days of losses, with the S&P 500 Index finishing up by 1.5% and the Dow up a broadly similar amount. This will get the Australian market off to a good start today; our Futures index up more than 8% already. US shares rebounded overnight after four straight days of losses, with the S&P 500 Index finishing up by 1.5% and the Dow up a broadly similar amount. This will get the Australian market off to a good start today; our Futures index up more than 8% already. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091006-Chris-Caton-Update.pdf Tue, 6 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091006-Chris-Caton-Update.mp3 2:55 The US market fell again. This was its sixth fall in seven days – it wasn’t a huge fall; the Dow finished down by two-tenths of a percent, and the S&P down by 0.5%. The S&P, however, is still more than 50% above its early March low. The US market fell again. This was its sixth fall in seven days – it wasn’t a huge fall; the Dow finished down by two-tenths of a percent, and the S&P down by 0.5%. The S&P, however, is still more than 50% above its early March low. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091005-Chris-Caton-Update.pdf Mon, 5 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091005-Chris-Caton-Update.mp3 4:30 It was a poor start for the fourth quarter in the US , with the Dow finishing down 2.1% and the S&P down by 2.6%. This was the worst % drop in the market for three months and has again brought questions to about the strength of the recovery. There were three pieces of economic driving this: Ben Benake spoke on the subject of financial regulation, the ISM index of manufacturing fell in September, and jobless claims rose significantly, now standing at 505, 100. It was a poor start for the fourth quarter in the US , with the Dow finishing down 2.1% and the S&P down by 2.6%. This was the worst % drop in the market for three months and has again brought questions to about the strength of the recovery. There were three pieces of economic driving this: Ben Benake spoke on the subject of financial regulation, the ISM index of manufacturing fell in September, and jobless claims rose significantly, now standing at 505, 100. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091002-Chris-Caton-Update.pdf Thu, 1 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091002-Chris-Caton-Update.mp3 3:56 The final day of trade for the end of the month and the end of a quarter ended slightly down for the day after a key manufacturing index showing a continued contraction in manufacturing across the mid-west of America. It was a different story for the month and quarter though. The Dow closed the month up 2.3%, S&P up 3.6%. Quarterly, the gains were around 15%. The final day of trade for the end of the month and the end of a quarter ended slightly down for the day after a key manufacturing index showing a continued contraction in manufacturing across the mid-west of America. It was a different story for the month and quarter though. The Dow closed the month up 2.3%, S&P up 3.6%. Quarterly, the gains were around 15%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/10-october/20091001-Chris-Caton-Update.pdf Thu, 1 Oct 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/10-october/20091001-Chris-Caton-Update.mp3 3:31 The FTSE in England was down by just a tenth of a percent, and the DAX in Frankfurt was down by four-tenths. By the close of the session, the Dow Jones industrial average was down five-tenths of a percent and the S&P 500 was down by two-tenths. The FTSE in England was down by just a tenth of a percent, and the DAX in Frankfurt was down by four-tenths. By the close of the session, the Dow Jones industrial average was down five-tenths of a percent and the S&P 500 was down by two-tenths. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090930-Chris-Caton-Update.pdf Wed, 30 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090930-Chris-Caton-Update.mp3 3:02 After three down days, Wall Street bounced back in a big way pulling back most of the losses from late last week. Most of the gains came on the back of increased Merger and Acquisitions talk. Europe was also strong and we can expect a reasonable day on the Australian market. After three down days, Wall Street bounced back in a big way pulling back most of the losses from late last week. Most of the gains came on the back of increased Merger and Acquisitions talk. Europe was also strong and we can expect a reasonable day on the Australian market. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090929-Chris-Caton-Update.pdf Tue, 29 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090929-Chris-Caton-Update.mp3 3:33 It was another down day in the US, the third in a row. The Dow was down by four-tenths for the session, and the S&P 500 by six-tenths. For the week, the Dow fell by 1.6%, and the S&P Index a bit more than 2%. It was another down day in the US, the third in a row. The Dow was down by four-tenths for the session, and the S&P 500 by six-tenths. For the week, the Dow fell by 1.6%, and the S&P Index a bit more than 2%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090928-Chris-Caton-Update.pdf Mon, 28 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090928-Chris-Caton-Update.mp3 3:31 The US had it's second consecutive down night. The Dow fell .4% and the S&P down 1%. This is the worst two day fall in three months. There was a surprising fall in existing home sales which backed up by 2.7% for the month of August. The fall in the US will get the Australian market off to a poor start today. The AUD stands at US 86.5 cents. The US had it's second consecutive down night. The Dow fell .4% and the S&P down 1%. This is the worst two day fall in three months. There was a surprising fall in existing home sales which backed up by 2.7% for the month of August. The fall in the US will get the Australian market off to a poor start today. The AUD stands at US 86.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090925-Chris-Caton-Update.pdf Fri, 25 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090925-Chris-Caton-Update.mp3 3:04 A topsy-turvy night in US with mixed market reaction to Fed's latest meeting: US economy in better shape.Tick. Buy more mortgage securities.Tick. No clear exit strategy. Cross. End result? Indices finished down around 1%. A topsy-turvy night in US with mixed market reaction to Fed's latest meeting: US economy in better shape.Tick. Buy more mortgage securities.Tick. No clear exit strategy. Cross. End result? Indices finished down around 1%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090924-Chris-Caton-Update.pdf Thu, 24 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090924-Chris-Caton-Update.mp3 4:01 Another good session overnight with the Dow Jones 0.5% and S&P 500 Index up 0.7%, driven by feelgood feeling of economic recovery. The consistency of recent growth makes it a challenge to keep these daily updates interesting, but that's a good problem to have. Another good session overnight with the Dow Jones 0.5% and S&P 500 Index up 0.7%, driven by feelgood feeling of economic recovery. The consistency of recent growth makes it a challenge to keep these daily updates interesting, but that's a good problem to have. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090923-Chris-Caton-Update.pdf Wed, 23 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090923-Chris-Caton-Update.mp3 2:27 It was a quiet session. At the end of it, the Dow Jones average was down four-tenths of a percent, and the S&P 500 was down by 0.3%. Nothing too much to report here. Essentially, the market was just simply taking a breather after its more than 2% rise last week. It was a quiet session. At the end of it, the Dow Jones average was down four-tenths of a percent, and the S&P 500 was down by 0.3%. Nothing too much to report here. Essentially, the market was just simply taking a breather after its more than 2% rise last week. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090922-Chris-Caton-Update.pdf Tue, 22 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090922-Chris-Caton-Update.mp3 2:38 The US market continues to rise. The market finished a relatively good week with another up day. For the week all major index were up close to 2%. It was a very data intensive week, although not much economic data is expected to be released this week. In AUD is sitting at US 86.8 cents. The US market continues to rise. The market finished a relatively good week with another up day. For the week all major index were up close to 2%. It was a very data intensive week, although not much economic data is expected to be released this week. In AUD is sitting at US 86.8 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090921-Chris-Caton-Update.pdf Mon, 21 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090921-Chris-Caton-Update.mp3 2:20 Overall it was a quiet night. European markets finished up, the FTSE .8% and the German market .5%. In the US the Dow finished down .1% and the S&P down .3%. Housing starts increased again in the month of August, and jobless claims fell in the most recent week. The AUD is sitting above US 87 cents. Overall it was a quiet night. European markets finished up, the FTSE .8% and the German market .5%. In the US the Dow finished down .1% and the S&P down .3%. Housing starts increased again in the month of August, and jobless claims fell in the most recent week. The AUD is sitting above US 87 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090918-Chris-Caton-Update.pdf Fri, 18 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090918-Chris-Caton-Update.mp3 2:28 The Dow finished the session up by six-tenths of a percent, and the S&P 500 Index up by three-tenths of a percent. So that will almost certainly get us off to a positive start today. The Dow finished the session up by six-tenths of a percent, and the S&P 500 Index up by three-tenths of a percent. So that will almost certainly get us off to a positive start today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090917-Chris-Caton-Update.pdf Thu, 17 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090917-Chris-Caton-Update.mp3 2:55 Another reasonably solid trading session overnight with the Dow Jones, S&P 500 indices up and retail trade, the Empire State Manufacturing Index and inventory sales in the US also moving higher. Ben Bernanke has suggested that 'technically' this recession is over. Technically, he may be right. Another reasonably solid trading session overnight with the Dow Jones, S&P 500 indices up and retail trade, the Empire State Manufacturing Index and inventory sales in the US also moving higher. Ben Bernanke has suggested that 'technically' this recession is over. Technically, he may be right. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090916-Chris-Caton-Update.pdf Wed, 16 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090916-Chris-Caton-Update.mp3 3:20 The FTSE finished up slightly by 0.2%, and the German market down slightly. The Dow Jones index was up by 0.2% and the S&P 500 up by 0.6%. The FTSE finished up slightly by 0.2%, and the German market down slightly. The Dow Jones index was up by 0.2% and the S&P 500 up by 0.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090915-Chris-Caton-Update.pdf Tue, 15 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090915-Chris-Caton-Update.mp3 2:40 The Dow Jones Index for the session was down by 0.2%, and the S&P Index down by 0.1%. That left the S&P for the week up by about 2.6%, and the Dow up by about 1.7%. The Dow Jones Index for the session was down by 0.2%, and the S&P Index down by 0.1%. That left the S&P for the week up by about 2.6%, and the Dow up by about 1.7%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090914-Chris-Caton-Update.pdf Mon, 14 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090914-Chris-Caton-Update.mp3 3:06 The Dow was up 80 points, or 0.8%; S&P 1%; and the NASDAQ 1.2%. In the US, the market was chaired by the weekly jobless claims number, which came in at 550,000, slightly lower than forecast by economists. The Dow was up 80 points, or 0.8%; S&P 1%; and the NASDAQ 1.2%. In the US, the market was chaired by the weekly jobless claims number, which came in at 550,000, slightly lower than forecast by economists. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090911-Chris-Thompson-Update.pdf Fri, 11 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090911-Chris-Thompson-Update.mp3 2:18 It was a solid day for equities, racking up yet another tidy gain, the fourth in a row now. The Dow was up 50 points, or 0.5%, the S&P 0.8%, and the NASDAQ 1.1%. Earlier on, European markets were up by about 0.9%. It was a solid day for equities, racking up yet another tidy gain, the fourth in a row now. The Dow was up 50 points, or 0.5%, the S&P 0.8%, and the NASDAQ 1.1%. Earlier on, European markets were up by about 0.9%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090910-Chris-Thompson-Update.pdf Thu, 10 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090910-Chris-Thompson-Update.mp3 2:26 In the US the Dow was up 56 points or .6%, while the S&P and NASDAQ were up by .9%. In Europe, markets were up by about .3%. In the US the Dow was up 56 points or .6%, while the S&P and NASDAQ were up by .9%. In Europe, markets were up by about .3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090909-Chris-Thompson-Update.pdf Wed, 9 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090909-Chris-Thompson-Update.mp3 2:32 The local market should open higher today after the US and most of the major Euro markets closed out last week higher. The exception was in Germany - the DAX fell around 1.4%. The Australian dollar has also continued its impressive gains against the US dollar, now sitting at around 85 US cents. The local market should open higher today after the US and most of the major Euro markets closed out last week higher. The exception was in Germany - the DAX fell around 1.4%. The Australian dollar has also continued its impressive gains against the US dollar, now sitting at around 85 US cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090907-Chris-Caton-Update.pdf Mon, 7 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090907-Chris-Caton-Update.mp3 3:33 After four successive down days the US equity market registered a positive move last night.The Dow finished up .7%, the S&P .9%, and the NASDAQ .8%. European markets were down slightly. After four successive down days the US equity market registered a positive move last night.The Dow finished up .7%, the S&P .9%, and the NASDAQ .8%. European markets were down slightly. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090904-Chris-Thompson-Update.pdf Fri, 4 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090904-Chris-Thompson-Update.mp3 2:16 Overseas markets down but not by very much, this was the fourth successive down down for the US. The Dow and S&P were both down 0.3%. September is convetionally the worst month for the US share market, not October as some believe, and is the olny month with a negative average return for the past 80 years. Overseas markets down but not by very much, this was the fourth successive down down for the US. The Dow and S&P were both down 0.3%. September is convetionally the worst month for the US share market, not October as some believe, and is the olny month with a negative average return for the past 80 years. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090903-Chris-Caton-Update.pdf Thu, 3 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090903-Chris-Caton-Update.mp3 3:13 Another down night overseas but the Australian economy is looking up with the release of new figures from Treasury. Another down night overseas but the Australian economy is looking up with the release of new figures from Treasury. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090902-Chris-Thompson-Update.pdf Wed, 2 Sep 2009 16:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090902-Chris-Thompson-Update.mp3 2:33 Equity markets ended a very strong August slightly low last night, with fears of a pullback in the Chinese economy resurfacing. The Dow was down 48 points, or 0.5%; the S&P down 0.8%; and the NASDAQ down 1%. Equity markets ended a very strong August slightly low last night, with fears of a pullback in the Chinese economy resurfacing. The Dow was down 48 points, or 0.5%; the S&P down 0.8%; and the NASDAQ down 1%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/09-september/20090901-Chris-Thompson-Update.pdf Tue, 1 Sep 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/09-september/20090901-Chris-Thompson-Update.mp3 2:16 It was a quiet day to end out a quiet week in which overall the US market rose. On Friday the Dow fell back slightly by .4%, and the S&P fell back by .2%. There is a big week of data ahead in the US. The Australian economy continues to do surprisingly well, and there is chatter that interest rates could go up as early as October. It was a quiet day to end out a quiet week in which overall the US market rose. On Friday the Dow fell back slightly by .4%, and the S&P fell back by .2%. There is a big week of data ahead in the US. The Australian economy continues to do surprisingly well, and there is chatter that interest rates could go up as early as October. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090831-Chris-Caton-Update.pdf Mon, 31 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090831-Chris-Caton-Update.mp3 4:16 The US market began lower than it had closed on Wednesday. The price of oil rose and that drove energy stocks higher, by the time it was all over the Dow finished up .4% and the S&P up .3%. Second quarter GDP was released. Jobless claims feel for the week. The AUD is currently sitting at US 82.9 cents. The US market began lower than it had closed on Wednesday. The price of oil rose and that drove energy stocks higher, by the time it was all over the Dow finished up .4% and the S&P up .3%. Second quarter GDP was released. Jobless claims feel for the week. The AUD is currently sitting at US 82.9 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090828-Chris-Caton-Update.pdf Fri, 28 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090828-Chris-Caton-Update.mp3 4:15 The US and Euro markets hardly moved for most of the day, despite data showing new home sales in the US jumped 9.6% for the month of July. The volatility predicted earlier in the week hasn't eventuated, but there's a growing feeling markets are now running a very taut line between unbridled optimism and a pull back to more conservative levels. The US and Euro markets hardly moved for most of the day, despite data showing new home sales in the US jumped 9.6% for the month of July. The volatility predicted earlier in the week hasn't eventuated, but there's a growing feeling markets are now running a very taut line between unbridled optimism and a pull back to more conservative levels. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090827-Chris-Thompson-Update.pdf Thu, 27 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090827-Chris-Thompson-Update.mp3 2:03 Most equity markets rose again overnight as optimism continued that the global recession is ending. The Case-Shiller Index of House Prices reports a rise of 2.6% in the second quarter, the first quarterly increase since 2006. In our market SPI Futures are up again this morning by 16 points although the lower commodity prices could weigh on the market. Most equity markets rose again overnight as optimism continued that the global recession is ending. The Case-Shiller Index of House Prices reports a rise of 2.6% in the second quarter, the first quarterly increase since 2006. In our market SPI Futures are up again this morning by 16 points although the lower commodity prices could weigh on the market. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090826-Chris-Thompson-Update.pdf Wed, 26 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090826-Chris-Thompson-Update.mp3 1:34 Markets were strong again for the morning session but fell away in the afternoon, with the US closing flat and Euro markets ending 1% higher. The pullback was caused by a perspicacious view of the US financial sector and fears that there would be many more years of poor results ahead. Markets were strong again for the morning session but fell away in the afternoon, with the US closing flat and Euro markets ending 1% higher. The pullback was caused by a perspicacious view of the US financial sector and fears that there would be many more years of poor results ahead. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090825-Chris-Thompson-Update.pdf Tue, 25 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090825-Chris-Thompson-Update.mp3 1:58 It was another good session on Friday. In Europe all major indexes were up more than 2%. For the week in the US the Dow and S&P were up about 2%. Existing home sales rose by 7.2% in the month in July. The Australian market will open up. It was another good session on Friday. In Europe all major indexes were up more than 2%. For the week in the US the Dow and S&P were up about 2%. Existing home sales rose by 7.2% in the month in July. The Australian market will open up. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090824-Chris-Caton-Update.pdf Mon, 24 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090824-Chris-Caton-Update.mp3 3:28 Markets continue to track an anything but a taut line this week, so far being two days down and two days up. Last night was an up night with the German, FTSE and US markets all closed higher. Jobless claims in the US rose, but new figures also showed manufacturing output is the strongest its been since 2007. Expect a reasonable day's trade on the Australian market. Markets continue to track an anything but a taut line this week, so far being two days down and two days up. Last night was an up night with the German, FTSE and US markets all closed higher. Jobless claims in the US rose, but new figures also showed manufacturing output is the strongest its been since 2007. Expect a reasonable day's trade on the Australian market. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090821-Chris-Caton-Update.pdf Fri, 21 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090821-Chris-Caton-Update.mp3 3:02 Markets were expected to struggle overnight after a big fall on Chinese market. News confirming oil stockpiles had dropped significantly (the biggest drop in 12 months) pushed oil prices, and the energy sector in general, higher and the market closed in positive territory. Falling oil stockpiles means the US is using more oil - a clear sign things are starting to get better. Markets were expected to struggle overnight after a big fall on Chinese market. News confirming oil stockpiles had dropped significantly (the biggest drop in 12 months) pushed oil prices, and the energy sector in general, higher and the market closed in positive territory. Falling oil stockpiles means the US is using more oil - a clear sign things are starting to get better. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090820-Chris-Thompson-Update.pdf Thu, 20 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090820-Chris-Thompson-Update.mp3 2:30 Markets got back about half of what they had lost from yesterday's ephemeral downturn, with the FTSE index and German market both climbing around 1% and the US Dow Jones and S&P Indices also showing similar progress. The turnaround appears to be a combination of a general feeling that markets had fallen too far in recent days (so a slight correction up) and some better economic news out of the US. Markets got back about half of what they had lost from yesterday's ephemeral downturn, with the FTSE index and German market both climbing around 1% and the US Dow Jones and S&P Indices also showing similar progress. The turnaround appears to be a combination of a general feeling that markets had fallen too far in recent days (so a slight correction up) and some better economic news out of the US. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090819-Chris-Caton-Update.pdf Wed, 19 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090819-Chris-Caton-Update.mp3 3:25 It was a rough night. All the major European indexes finished down at least 2%. In the US the Dow was down 2% and the S&P down 2.4%. Although there was good economic news, the NAHB housing index was up to 18 in the month of August, which shows continuing stabilisation / recovery in the housing sector. The Empire State manufacturing index rose sharply and it's the highest it's been since November 2007. It was a rough night. All the major European indexes finished down at least 2%. In the US the Dow was down 2% and the S&P down 2.4%. Although there was good economic news, the NAHB housing index was up to 18 in the month of August, which shows continuing stabilisation / recovery in the housing sector. The Empire State manufacturing index rose sharply and it's the highest it's been since November 2007. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090818-Chris-Caton-Update.pdf Tue, 18 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090818-Chris-Caton-Update.mp3 2:57 The Dow and S&P indices both finished lower on Friday, rounding out a week that ended pretty much where it began. New indicators also showed a slight fall in consumer confidence. This seesawing of sentiment and market progress suggests the recovery will continue to be prolix. The Dow and S&P indices both finished lower on Friday, rounding out a week that ended pretty much where it began. New indicators also showed a slight fall in consumer confidence. This seesawing of sentiment and market progress suggests the recovery will continue to be prolix. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090817-Chris-Caton-Update.pdf Mon, 17 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090817-Chris-Caton-Update.mp3 3:35 It was a surprisingly good night in the US. The market wasn't up all that much, the Dow rose by .4%, and the S&P finished up .7%. The official retail sales figures for the month of July showed a fall of 0.1%. Jobless claims rose for the week. The Australian market should be off to a good start. It was a surprisingly good night in the US. The market wasn't up all that much, the Dow rose by .4%, and the S&P finished up .7%. The official retail sales figures for the month of July showed a fall of 0.1%. Jobless claims rose for the week. The Australian market should be off to a good start. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090814-Chris-Caton-Update.pdf Fri, 14 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090814-Chris-Caton-Update.mp3 4:08 The US had an impressive day with the Dow Jones up 1.3% and S&P 500 rising 1.2% and holding handily above 1000. Trading was restrained in the morning session before markets took an audacious leap higher in the afternoon following some positive news on interest rates and economic stabilisation. The US had an impressive day with the Dow Jones up 1.3% and S&P 500 rising 1.2% and holding handily above 1000. Trading was restrained in the morning session before markets took an audacious leap higher in the afternoon following some positive news on interest rates and economic stabilisation. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090813-Chris-Caton-Update.pdf Thu, 13 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090813-Chris-Caton-Update.mp3 3:57 The markets pulled back a little overnight, with the US Dow Jones and S&P 500 indices trading around 1% lower. The main cause of this was a 3.5% fall in the financial sector. Despite the financial sector rallying around 35% in last month, some banking analysts have painted a glum outlook for the future. The pullback should flow through to the Australian market's financial stocks. The markets pulled back a little overnight, with the US Dow Jones and S&P 500 indices trading around 1% lower. The main cause of this was a 3.5% fall in the financial sector. Despite the financial sector rallying around 35% in last month, some banking analysts have painted a glum outlook for the future. The pullback should flow through to the Australian market's financial stocks. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090812-Chris-Caton-Update.pdf Wed, 12 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090812-Chris-Caton-Update.mp3 3:04 A little more meandering from the US market overnight, with the S&P and Dow Jones both finishing lower at the end of Monday's trade. There wasn't much of anything happening, no economic news, not much movement and some pretty thin trading levels. A little more meandering from the US market overnight, with the S&P and Dow Jones both finishing lower at the end of Monday's trade. There wasn't much of anything happening, no economic news, not much movement and some pretty thin trading levels. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090811-Chris-Caton-Update.pdf Tue, 11 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090811-Chris-Caton-Update.mp3 2:30 In the US on Friday night, the Dow Jones and S&P Index both finished up little more than 1%, closing out the week around 2% up overall. The market took its cue from the July US labour market report, which was refreshingly good. That's not to say that the US didn't lose jobs, but the number of job losses was half what it was in June. Manufacturing also showed signs of improvement. In the US on Friday night, the Dow Jones and S&P Index both finished up little more than 1%, closing out the week around 2% up overall. The market took its cue from the July US labour market report, which was refreshingly good. That's not to say that the US didn't lose jobs, but the number of job losses was half what it was in June. Manufacturing also showed signs of improvement. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090810-Chris-Caton-Update.pdf Mon, 10 Aug 2009 09:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090810-Chris-Caton-Update.mp3 4:25 It's starting to feel a little like 'Groundhog Week' this week, with the US market falling slightly again for the third day in a row. Across the Atlantic, the UK FTSE reversed this trend, climbing by almost 1%. Other major European markets remained reasonably stable. It's starting to feel a little like 'Groundhog Week' this week, with the US market falling slightly again for the third day in a row. Across the Atlantic, the UK FTSE reversed this trend, climbing by almost 1%. Other major European markets remained reasonably stable. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090807-Chris-Caton-Update.pdf Fri, 7 Aug 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090807-Chris-Caton-Update.mp3 3:15 Overnight in the US the Dow finished down .4% and the S&P down slightly less. Factory orders for the month were up by .4%, a lot of the increase was price driven mainly because energy prices went up. In Australia, the labour market report is anticipated to show a further job loss of about 20,000 and the unemployment rate currently at 5.8% will go up. The AUD is sitting at US 84 cents. Overnight in the US the Dow finished down .4% and the S&P down slightly less. Factory orders for the month were up by .4%, a lot of the increase was price driven mainly because energy prices went up. In Australia, the labour market report is anticipated to show a further job loss of about 20,000 and the unemployment rate currently at 5.8% will go up. The AUD is sitting at US 84 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090806-Chris-Caton-Update.pdf Thu, 6 Aug 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090806-Chris-Caton-Update.mp3 3:36 The US had a relatively quiet session with Dow and NASDAQ still hovering above the 1000 and 2000 and only adding slightly to the previous day's high. New figures also show pending home sales in the US are rising, which is another indicator that things are getting back on track. The US had a relatively quiet session with Dow and NASDAQ still hovering above the 1000 and 2000 and only adding slightly to the previous day's high. New figures also show pending home sales in the US are rising, which is another indicator that things are getting back on track. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090805-Chris-Caton-Update.pdf Wed, 5 Aug 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090805-Chris-Caton-Update.mp3 2:24 A very significant night in the US with the S&P 500 index closing above the 1000 point mark and the Nasdaq hitting the 2000 mark. Only five months ago on March 5, the S&P was sitting on 666 - it's risen significantly since then. The UK market was also bouyed by good earnings reports, with the financial sector setting the pace. A very significant night in the US with the S&P 500 index closing above the 1000 point mark and the Nasdaq hitting the 2000 mark. Only five months ago on March 5, the S&P was sitting on 666 - it's risen significantly since then. The UK market was also bouyed by good earnings reports, with the financial sector setting the pace. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090804-Chris-Thompson-Update.pdf Tue, 4 Aug 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090804-Chris-Thompson-Update.mp3 2:22 Another night in which almost nothing happened but it was the best July in 20 years for the Dow Jones, and the best in 12 for the S&P which is up 46% from its early March low. It's almost certain the GDP in the United States will now grow - the recession in the United States is ending or has already ended. Another night in which almost nothing happened but it was the best July in 20 years for the Dow Jones, and the best in 12 for the S&P which is up 46% from its early March low. It's almost certain the GDP in the United States will now grow - the recession in the United States is ending or has already ended. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/08-august/20090803-Chris-Caton-Update.pdf Mon, 3 Aug 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/08-august/20090803-Chris-Caton-Update.mp3 4:41 It was a great night in the US. The Dow was up .9% and the S&P up 1.2%. Earnings reports continued to come in strongly. There were good reports coming in from Motorola, MasterCard and General Electric. The AUD also caught the wave and now sits at US 82.5 cents. It was a great night in the US. The Dow was up .9% and the S&P up 1.2%. Earnings reports continued to come in strongly. There were good reports coming in from Motorola, MasterCard and General Electric. The AUD also caught the wave and now sits at US 82.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090731-Chris-Caton-Update.pdf Fri, 31 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090731-Chris-Caton-Update.mp3 3:23 A late rally in the US helped close the gap on what was a pretty ordinary session overnight. Both the Dow and S&P finished lower, and European markets were only slightly in the black. Commodity prices also fell, with crude oil dropping 6%. On a slightly more positive note, the rate of decline in the US appears to have slowed, although we're a long way from signs of positive growth. A late rally in the US helped close the gap on what was a pretty ordinary session overnight. Both the Dow and S&P finished lower, and European markets were only slightly in the black. Commodity prices also fell, with crude oil dropping 6%. On a slightly more positive note, the rate of decline in the US appears to have slowed, although we're a long way from signs of positive growth. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090730-Chris-Thompson-Update.pdf Thu, 30 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090730-Chris-Thompson-Update.mp3 2:05 A weak start in Europe and soft outlook for the futures market in US suggested the overnight session wasn't going to be great. In the end US markets closed only slightly down, with the Dow down 0.1% and the S&P 500 down 0.3%. The S&P 500 still up around 11% in the last two weeks. Case Schiller Index for house prices showed some improvement, although house prices in US in general are down for the year. A weak start in Europe and soft outlook for the futures market in US suggested the overnight session wasn't going to be great. In the end US markets closed only slightly down, with the Dow down 0.1% and the S&P 500 down 0.3%. The S&P 500 still up around 11% in the last two weeks. Case Schiller Index for house prices showed some improvement, although house prices in US in general are down for the year. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090729-Chris-Caton-Update.pdf Wed, 29 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090729-Chris-Caton-Update.mp3 3:51 US and European markets were flat overnight, with most of the major indices closing without much movement. Good news from the US is that new home sales rose by 11%, one more sign the US housing sector is stabilising. The Australian Dollar has pushed through the $US 0.82 mark and we can expect the Australian market to open higher today. US and European markets were flat overnight, with most of the major indices closing without much movement. Good news from the US is that new home sales rose by 11%, one more sign the US housing sector is stabilising. The Australian Dollar has pushed through the $US 0.82 mark and we can expect the Australian market to open higher today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090728-Chris-Caton-Update.pdf Tue, 28 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090728-Chris-Caton-Update.mp3 1:42 The US had a strong week. On Friday the S&P and Dow finished up .3%. Both finished up more than 4% for the week. The AUD finished the week at US 81.7cents. The US had a strong week. On Friday the S&P and Dow finished up .3%. Both finished up more than 4% for the week. The AUD finished the week at US 81.7cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090727-Chris-Caton-Update.pdf Mon, 27 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090727-Chris-Caton-Update.mp3 3:57 It was a great night in the US. All major index's were up 2%. The NASDAQ has now been up for 12 days in a row, which is apparently the longest streak since 1992. Jobless claims have clearly peaked and turned, which is another piece of evidence that the US recession is ending. It was a great night in the US. All major index's were up 2%. The NASDAQ has now been up for 12 days in a row, which is apparently the longest streak since 1992. Jobless claims have clearly peaked and turned, which is another piece of evidence that the US recession is ending. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090724-Chris-Caton-Update.pdf Fri, 24 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090724-Chris-Caton-Update.mp3 3:35 The extraordinary run in the US came to a halt last night after several successive nights of gains. The Dow fell .4% and the S&P closed close to flat. The news relating to home sales, particularly home prices for the month of June was quite good. That's one more sign of stabilisation in the housing sector in the US. The extraordinary run in the US came to a halt last night after several successive nights of gains. The Dow fell .4% and the S&P closed close to flat. The news relating to home sales, particularly home prices for the month of June was quite good. That's one more sign of stabilisation in the housing sector in the US. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090723-Chris-Caton-Update.pdf Thu, 23 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090723-Chris-Caton-Update.mp3 2:06 Rises in European markets and in the US have continued to keep the economic glass half full instead of half empty. The Down finished 0.8% higher, climbing over the 8900 mark. Expect the Australian market to follow the trend. Rises in European markets and in the US have continued to keep the economic glass half full instead of half empty. The Down finished 0.8% higher, climbing over the 8900 mark. Expect the Australian market to follow the trend. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090722-Chris-Caton-Update.pdf Wed, 22 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090722-Chris-Caton-Update.mp3 1:34 It was another strong night in the US with the Dow and S&P both up more than 1%. The US market closed at its highest level since early November last year. The S&P is now up more than 40% from its early March trough. A key contributor to this was the rise of the index of leading economic indicators for the third month in a row. It was another strong night in the US with the Dow and S&P both up more than 1%. The US market closed at its highest level since early November last year. The S&P is now up more than 40% from its early March trough. A key contributor to this was the rise of the index of leading economic indicators for the third month in a row. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090721-Chris-Caton-Update.pdf Tue, 21 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090721-Chris-Caton-Update.mp3 2:30 While it was a quiet night, it was a strong week. The Dow, NASDAQ and S&P all finished up 7%-7.5%. One piece of very good economic news in the US was housing starts for the month of June rose. This is the first quarter in three years that there has been a rise is housing starts. While it was a quiet night, it was a strong week. The Dow, NASDAQ and S&P all finished up 7%-7.5%. One piece of very good economic news in the US was housing starts for the month of June rose. This is the first quarter in three years that there has been a rise is housing starts. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090720-Chris-Caton-Update.pdf Mon, 20 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090720-Chris-Caton-Update.mp3 4:25 It was another good night in the US. For the session the Dow finished up 1.1% and the S&P up .9%. This is mainly because Professor Nouriel Roubini has suggested that the worst is behind us and the recession will end this year. The AUD is sitting at US 80.5 cents. It was another good night in the US. For the session the Dow finished up 1.1% and the S&P up .9%. This is mainly because Professor Nouriel Roubini has suggested that the worst is behind us and the recession will end this year. The AUD is sitting at US 80.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090717-Chris-Caton-Update.pdf Fri, 17 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090717-Chris-Caton-Update.mp3 3:48 It was a great night in the US with the Dow finishing up 3.1%, the S&P up 3%. European markets were up by a similar amount. The AUD is now sitting above US 80.0 cents. It was a great night in the US with the Dow finishing up 3.1%, the S&P up 3%. European markets were up by a similar amount. The AUD is now sitting above US 80.0 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090716-Chris-Caton-Update.pdf Thu, 16 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090716-Chris-Caton-Update.mp3 3:20 Highlights in the US overnight were the release of the Goldman Sachs quarterly earnings which ended up being even better than expected, and very good retail sales figures. The Dow finished up .3%, the S&P .5%, and the NASDAQ .4%. European markets finished up 1%. The Australian market yesterday had the best day it has had in months. Highlights in the US overnight were the release of the Goldman Sachs quarterly earnings which ended up being even better than expected, and very good retail sales figures. The Dow finished up .3%, the S&P .5%, and the NASDAQ .4%. European markets finished up 1%. The Australian market yesterday had the best day it has had in months. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090715-Chris-Thompson-Update.pdf Wed, 15 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090715-Chris-Thompson-Update.mp3 2:47 After four straight weeks of decline, last night the equity markets in the US and Europe were up. The Dow finished up 2.3%, the S&P 2.5%, and the NASDAQ 2.1%. The Australian market has followed this lead and opened higher this morning. After four straight weeks of decline, last night the equity markets in the US and Europe were up. The Dow finished up 2.3%, the S&P 2.5%, and the NASDAQ 2.1%. The Australian market has followed this lead and opened higher this morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090714-Chris-Thompson-Update.pdf Tue, 14 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090714-Chris-Thompson-Update.mp3 2:55 The US had it's fourth down week in a row. For the week the Dow was down 1.6% and the S&P by 1.9%. The University of Michigan's measure of consumer confidence dropped quite considerably in the first half of July. The fall in confidence is owed by the fall in the share market, rising gasoline prices, and the June labour report. The US had it's fourth down week in a row. For the week the Dow was down 1.6% and the S&P by 1.9%. The University of Michigan's measure of consumer confidence dropped quite considerably in the first half of July. The fall in confidence is owed by the fall in the share market, rising gasoline prices, and the June labour report. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090713-Chris-Caton-Update.pdf Mon, 13 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090713-Chris-Caton-Update.mp3 4:03 It was a positive night across all major markets, with markets in the UK, Germany and US all finishing higher. It's an early call, but maybe we're starting to see some real signs of confidence that a genuine recovery is gathering momentum. It was a positive night across all major markets, with markets in the UK, Germany and US all finishing higher. It's an early call, but maybe we're starting to see some real signs of confidence that a genuine recovery is gathering momentum. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090710-Chris-Caton-Update.pdf Fri, 10 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090710-Chris-Caton-Update.mp3 3:10 In the US the Dow finished up .2% and the S&P close to flat. This is driven by little economic information. In Australia the Labour Market report for the month of June is released at 11.30am, with the unemployment rate expected to rise. In the US the Dow finished up .2% and the S&P close to flat. This is driven by little economic information. In Australia the Labour Market report for the month of June is released at 11.30am, with the unemployment rate expected to rise. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090709-Chris-Caton-Update.pdf Thu, 9 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090709-Chris-Caton-Update.mp3 2:07 It was a weak trading session for the US, the Dow down 1.9% and the S&P down 2%. The Australian dollar right now trading close to 79 cents. It was a weak trading session for the US, the Dow down 1.9% and the S&P down 2%. The Australian dollar right now trading close to 79 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090708-Chris-Caton-Update.pdf Wed, 8 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090708-Chris-Caton-Update.mp3 2:13 It was a mixed night. In Europe the FTSE fell 1% and the German market fell 1.2%. In the US the Dow was up .5% and the S&P up .3%, while the NASDAQ fell .5%. The AUD is sitting at US 79.7 cents. It was a mixed night. In Europe the FTSE fell 1% and the German market fell 1.2%. In the US the Dow was up .5% and the S&P up .3%, while the NASDAQ fell .5%. The AUD is sitting at US 79.7 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090707-Chris-Caton-Update.pdf Tue, 7 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090707-Chris-Caton-Update.mp3 2:38 Markets did not do well overnight. The UK FTSE finished down 2.5%, and the US Dow by a similar amount. The S&P was down 2.9%, it is now back below where is was on 31 December 2008. In the US the unemployment rate has gone up to 9.5%. There will be no market report on Monday, as the US market is closed on Friday 3 July 2009. Markets did not do well overnight. The UK FTSE finished down 2.5%, and the US Dow by a similar amount. The S&P was down 2.9%, it is now back below where is was on 31 December 2008. In the US the unemployment rate has gone up to 9.5%. There will be no market report on Monday, as the US market is closed on Friday 3 July 2009. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090703-Chris-Caton-Update.pdf Fri, 3 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090703-Chris-Caton-Update.mp3 2:36 Overnight the positive news began in Europe, with the FTSE up 2%. This was followed in the US with the Dow up .6% and S&P up .7%. In Australia the balance on goods and services report will be realised today at 11.30am, which should show deficit of $500m. Overnight the positive news began in Europe, with the FTSE up 2%. This was followed in the US with the Dow up .6% and S&P up .7%. In Australia the balance on goods and services report will be realised today at 11.30am, which should show deficit of $500m. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/07-July/20090702-Chris-Caton-Update.pdf Thu, 2 Jul 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/07-July/20090702-Chris-Caton-Update.mp3 3:00 The Dow was up by 1.1% and the S&P by 0.9%. European markets were also up, and the Australian dollar was trading at 80.7 cents. The Dow was up by 1.1% and the S&P by 0.9%. European markets were also up, and the Australian dollar was trading at 80.7 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090630-Chris-Caton-Update.pdf Tue, 30 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090630-Chris-Caton-Update.mp3 1:05 In the US the week closed with the Dow down by 1.2% and the S&P down by .3%. The week ahead will be a short week, as the US will be celebrating the 4th of July on the 3rd of July. In the US the week closed with the Dow down by 1.2% and the S&P down by .3%. The week ahead will be a short week, as the US will be celebrating the 4th of July on the 3rd of July. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090629-Chris-Caton-Update.pdf Mon, 29 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090629-Chris-Caton-Update.mp3 4:06 The US had a good session overnight. The Dow, S&P, and NASDAQ were all up 2.1%. Australian markets will be off to a good start today, with the AUD rising back above US 80 cents. The US had a good session overnight. The Dow, S&P, and NASDAQ were all up 2.1%. Australian markets will be off to a good start today, with the AUD rising back above US 80 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090626-Chris-Caton-Update.pdf Fri, 26 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090626-Chris-Caton-Update.mp3 4:06 Overnight European markets all ended up in positive territory. In the US the Dow lost 23 points, and the S&P and NASDAQ were up 0.7% and 1.6%. The Australian market will open strong this morning. Overnight European markets all ended up in positive territory. In the US the Dow lost 23 points, and the S&P and NASDAQ were up 0.7% and 1.6%. The Australian market will open strong this morning. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090625-Chris-Thompson-Update.pdf Thu, 25 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090625-Chris-Thompson-Update.mp3 2:45 It was a fairly quiet night. In Europe the FTSE fell by .1%, and the German market was up .3%. In the US the Dow was down .2%, and the S&P up by .2%. The AUD is sitting at US 79.4 cents. It was a fairly quiet night. In Europe the FTSE fell by .1%, and the German market was up .3%. In the US the Dow was down .2%, and the S&P up by .2%. The AUD is sitting at US 79.4 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090624-Chris-Caton-Update.pdf Wed, 24 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090624-Chris-Caton-Update.mp3 5:01 Following on from a new report from the World Bank predicting that the global recession would be deeper than previously forecasted, global stocks and commodities fell back significantly. The bank is now estimating a contraction of 2.9% in 2009 for the global economy rather than it's earlier forecast of 1.7%. The Dow was down 2.4%, the S&P down by 3.1%, and the NASDAQ down 3.4%. Following on from a new report from the World Bank predicting that the global recession would be deeper than previously forecasted, global stocks and commodities fell back significantly. The bank is now estimating a contraction of 2.9% in 2009 for the global economy rather than it's earlier forecast of 1.7%. The Dow was down 2.4%, the S&P down by 3.1%, and the NASDAQ down 3.4%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090623-Chris-Thompson-Update.pdf Tue, 23 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090623-Chris-Thompson-Update.mp3 3:30 There was not much movement in the US. The session finished with the Dow down by .2% and the S&P up by .3%. There was no economic news driving this result. For the week the Dow finished down 3% and was the S&P was down by 2.6%. This is the first losing week in 5 weeks. There was not much movement in the US. The session finished with the Dow down by .2% and the S&P up by .3%. There was no economic news driving this result. For the week the Dow finished down 3% and was the S&P was down by 2.6%. This is the first losing week in 5 weeks. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090622-Chris-Caton-Update.pdf Mon, 22 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090622-Chris-Caton-Update.mp3 3:30 In Europe the FTSE and the German markets were up, that lead was followed in the US where the Dow and the S&P finished up by .75%. The Australian market will open up, with the AUD sitting at US 79.9 cents. In Europe the FTSE and the German markets were up, that lead was followed in the US where the Dow and the S&P finished up by .75%. The Australian market will open up, with the AUD sitting at US 79.9 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090619-Chris-Caton-Update.pdf Fri, 19 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090619-Chris-Caton-Update.mp3 2:06 There is very little to report from the US markets overnight.The Dow and the S&P finished down .1%. The CPI results for the month of May showed the headline index and the core index up by 0.1%. The Australian market is expected to open down today for the fourth consecutive day. There is very little to report from the US markets overnight.The Dow and the S&P finished down .1%. The CPI results for the month of May showed the headline index and the core index up by 0.1%. The Australian market is expected to open down today for the fourth consecutive day. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090618-Chris-Caton-Update.pdf Thu, 18 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090618-Chris-Caton-Update.mp3 2:36 The US market fell again, the Dow and the S&P finished down by 1.3%. There is an emerging view that the market has come a long way in a short period of time, with the S&P still sitting 35% up from it's early March low. The US market fell again, the Dow and the S&P finished down by 1.3%. There is an emerging view that the market has come a long way in a short period of time, with the S&P still sitting 35% up from it's early March low. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090617-Chris-Caton-Update.pdf Wed, 17 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090617-Chris-Caton-Update.mp3 2:27 It was a quiet end to a quiet week with the Dow finishing up .4% and the S&P up by .6%. There is some evidence that consumer confidence is coming back. There will be some important economic news released in the US market this week for the month of May, with housing starts likely to show a gain, and industrial production is still falling. The AUD finished on Friday at US 81.2 cents. It was a quiet end to a quiet week with the Dow finishing up .4% and the S&P up by .6%. There is some evidence that consumer confidence is coming back. There will be some important economic news released in the US market this week for the month of May, with housing starts likely to show a gain, and industrial production is still falling. The AUD finished on Friday at US 81.2 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090616-Chris-Caton-Update.pdf Tue, 16 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090616-Chris-Caton-Update.mp3 3:23 It was a quiet end to a quiet week with the Dow finishing up .4% and the S&P up by .6%. There is some evidence that consumer confidence is coming back. There will be some important economic news released in the US market this week for the month of May, with housing starts likely to show a gain, and industrial production is still falling. The AUD finished on Friday at US 81.2 cents. It was a quiet end to a quiet week with the Dow finishing up .4% and the S&P up by .6%. There is some evidence that consumer confidence is coming back. There will be some important economic news released in the US market this week for the month of May, with housing starts likely to show a gain, and industrial production is still falling. The AUD finished on Friday at US 81.2 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090615-Chris-Caton-Update.pdf Mon, 15 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090615-Chris-Caton-Update.mp3 3:07 International markets we up overnight. The FTSE was up by .5% and the German market up 1%. The Dow finished up .4% and the S&P by .6%. A good piece of economic news shows the first rise in retail sales since January, although this could be because of the rise in gasoline prices. Due to commodity prices rising the AUD is gaining value, and is sitting at US 81.9 cents. International markets we up overnight. The FTSE was up by .5% and the German market up 1%. The Dow finished up .4% and the S&P by .6%. A good piece of economic news shows the first rise in retail sales since January, although this could be because of the rise in gasoline prices. Due to commodity prices rising the AUD is gaining value, and is sitting at US 81.9 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090612-Chris-Caton-Update.pdf Fri, 12 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090612-Chris-Caton-Update.mp3 3:09 The European markets had a good night. The FTSE was up by .7% and the German market up over 1%. That lead was not followed in the US, the Dow finished down by -.3% and the S&P by -.4%. The AUD is sitting at US 80.2 cents. The Labour market report for the month of May is released today, with the unemployment rate expected to rise. The European markets had a good night. The FTSE was up by .7% and the German market up over 1%. That lead was not followed in the US, the Dow finished down by -.3% and the S&P by -.4%. The AUD is sitting at US 80.2 cents. The Labour market report for the month of May is released today, with the unemployment rate expected to rise. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090611-Chris-Caton-Update.pdf Thu, 11 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090611-Chris-Caton-Update.mp3 3:56 There was not much movement in the US market overnight. The Dow finished almost unchanged and the S&P up by .4%. Commodity prices rose overnight which will get the Australian market off to a good start. The Australian dollar is sitting at US 80.2 cents. There was not much movement in the US market overnight. The Dow finished almost unchanged and the S&P up by .4%. Commodity prices rose overnight which will get the Australian market off to a good start. The Australian dollar is sitting at US 80.2 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090610-Chris-Caton-Update.pdf Wed, 10 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090610-Chris-Caton-Update.mp3 1:38 Economic news out of the US on Friday showed a fall in jobs of 345,000 per month, the smallest drop since September 2008. The US stock market also continued its fightback with 1 point gain in the Dow Jones. The Australian dollar is back to under US 80 cents and commodity prices are under pressure. Economic news out of the US on Friday showed a fall in jobs of 345,000 per month, the smallest drop since September 2008. The US stock market also continued its fightback with 1 point gain in the Dow Jones. The Australian dollar is back to under US 80 cents and commodity prices are under pressure. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090609-Chris-Thompson-Update.pdf Tue, 9 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090609-Chris-Thompson-Update.mp3 1:45 The US had yet another good trading session, with the Dow up 0.9% and the S&P 500 Index up 1.2% on the night. The US had yet another good trading session, with the Dow up 0.9% and the S&P 500 Index up 1.2% on the night. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090605-Chris-Caton-Update.pdf Fri, 5 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090605-Chris-Caton-Update.mp3 3:19 US markets had a quiet night, with the Dow and S&P finishing up 0.02%. There was more favourable economic news out of the US, with pending home sales data showing a steady climb across the month. US markets had a quiet night, with the Dow and S&P finishing up 0.02%. There was more favourable economic news out of the US, with pending home sales data showing a steady climb across the month. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090603-Chris-Caton-Update.pdf Wed, 3 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090603-Chris-Caton-Update.mp3 3:55 It was another good night on Wall Street with the Dow up close to 3% or around about 250 points and the NASDAQ also up close to 3%. It was another good night on Wall Street with the Dow up close to 3% or around about 250 points and the NASDAQ also up close to 3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090602-Chris-Caton-Update.pdf Tue, 2 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090602-Chris-Caton-Update.mp3 3:22 It was another good night in the US, with markets recording their third consecutive day of positive growth. The S&P 500 finished up 1.4% for the week, bolstered by improved data on US GDP figures - now revised down from -6.1% to -5.7% for the year. It was another good night in the US, with markets recording their third consecutive day of positive growth. The S&P 500 finished up 1.4% for the week, bolstered by improved data on US GDP figures - now revised down from -6.1% to -5.7% for the year. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/06-june/20090601-Chris-Caton-Update.pdf Mon, 1 Jun 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/06-june/20090601-Chris-Caton-Update.mp3 3:44 US markets continued their zig zag again overnight, with the Dow Jones up 1.3% and S&P up 1.5%. That means markets were up Tuesday, down Wednesday and up again Thursday. Anyone for a guess what will happen overnight tonight? US markets continued their zig zag again overnight, with the Dow Jones up 1.3% and S&P up 1.5%. That means markets were up Tuesday, down Wednesday and up again Thursday. Anyone for a guess what will happen overnight tonight? InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090527-Chris-Caton-Update.pdf Fri, 29 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090529-Chris-Caton-Update.mp3 3:21 US markets reflected almost a mirror image of the previous day's trading, with the Dow and S&P both falling around 2%. This time the falls were less about economic news and more about 10 year bond and interest rates, which have spiked sharply in the past few days. US markets reflected almost a mirror image of the previous day's trading, with the Dow and S&P both falling around 2%. This time the falls were less about economic news and more about 10 year bond and interest rates, which have spiked sharply in the past few days. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090527-Chris-Caton-Update.pdf Thu, 28 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090528-Chris-Caton-Update.mp3 3:01 International markets were flooded in a sea of green figures overnight, with the UK, US and European markets all climbing higher after the long weekend. US consumer confidence is also on the rise, back to September 2008 levels. More evidence that we're getting closer to the start of the end of the recession in the US? International markets were flooded in a sea of green figures overnight, with the UK, US and European markets all climbing higher after the long weekend. US consumer confidence is also on the rise, back to September 2008 levels. More evidence that we're getting closer to the start of the end of the recession in the US? InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090527-Chris-Caton-Update.pdf Wed, 27 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090527-Chris-Caton-Update.mp3 2:51 US markets eased into the Memorial Day long weekend with a slow finish to the week. In a scorecard only Richie Benaud would enjoy, the Dow finished down .2%, the NASDAQ finished down .2% and the S&P finished down .2%. That's 2,2,2. US markets eased into the Memorial Day long weekend with a slow finish to the week. In a scorecard only Richie Benaud would enjoy, the Dow finished down .2%, the NASDAQ finished down .2% and the S&P finished down .2%. That's 2,2,2. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090525-Chris-Caton-Update.pdf Mon, 25 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090525-Chris-Caton-Update.mp3 2:51 The UK's FTSE fell heavily overnight after the S&P ratings agency took the unusual step of putting the Government's credit rating on 'watch'. Not surprisingly, the US also softened, with the Dow Jones falling 1.5%. New figures in the US show that jobless claims have increased, mainly caused by the Chrysler bankruptcy. Commodity prices also weakened. The UK's FTSE fell heavily overnight after the S&P ratings agency took the unusual step of putting the Government's credit rating on 'watch'. Not surprisingly, the US also softened, with the Dow Jones falling 1.5%. New figures in the US show that jobless claims have increased, mainly caused by the Chrysler bankruptcy. Commodity prices also weakened. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090522-Chris-Caton-Update.pdf Fri, 22 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090522-Chris-Caton-Update.mp3 2:51 A little softness has crept into US markets, with the Dow down again - only 0.6%. Concerns were based on rhetoric about the recovery from the Federal Reserve, which is yet to buy into the 'all is well' argument. Australian markets shouldn't follow the US down, mainly because commodity prices - gold, oil in particular - rising strongly overnight. A little softness has crept into US markets, with the Dow down again - only 0.6%. Concerns were based on rhetoric about the recovery from the Federal Reserve, which is yet to buy into the 'all is well' argument. Australian markets shouldn't follow the US down, mainly because commodity prices - gold, oil in particular - rising strongly overnight. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090521-Chris-Caton-Update.pdf Thu, 21 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090521-Chris-Caton-Update.mp3 1:49 European markets closed higher overnight but US markets fell - only slightly. The economic news was also mixed, with reports that commercial property values have further to fall, and US housing starts are now at an all time low. Bearing in mind this weak news, it's a surprise US markets didn't fall further. European markets closed higher overnight but US markets fell - only slightly. The economic news was also mixed, with reports that commercial property values have further to fall, and US housing starts are now at an all time low. Bearing in mind this weak news, it's a surprise US markets didn't fall further. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090520-Chris-Caton-Update.pdf Wed, 20 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090520-Chris-Caton-Update.mp3 3:10 The US had a good night, closing 3% higher on stronger news about housing. Victory for the Congress party in India led to a 17% increase in the Indian market, and European markets also did well, with the FTSE up by more than 2% and the DAX up by 2%. The Australian market is off to a good start this morning and the Australian dollar is up to US 76.5 cents. The US had a good night, closing 3% higher on stronger news about housing. Victory for the Congress party in India led to a 17% increase in the Indian market, and European markets also did well, with the FTSE up by more than 2% and the DAX up by 2%. The Australian market is off to a good start this morning and the Australian dollar is up to US 76.5 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090519-Chris-Caton-Update.pdf Tue, 19 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090519-Chris-Caton-Update.mp3 1:45 Friday was another soft night for the US markets. The Dow fell by .8% and the S&P down by 1.1%. These are relatively small movements. The S&P fell by 5% last week, after having risen by 6% the week before. US CPI for April showed a flat result, the core rate rounded up to 0.3% rather than 0.2%. Most of this was due to an increase in tax on tobacco. The Australian dollar now sits just below US 75 cents. Friday was another soft night for the US markets. The Dow fell by .8% and the S&P down by 1.1%. These are relatively small movements. The S&P fell by 5% last week, after having risen by 6% the week before. US CPI for April showed a flat result, the core rate rounded up to 0.3% rather than 0.2%. Most of this was due to an increase in tax on tobacco. The Australian dollar now sits just below US 75 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090518-Chris-Caton-Update.pdf Mon, 18 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090518-Chris-Caton-Update.mp3 1:50 The US market rose overnight. The Dow was up by .6% of a percent and the S&P up by 1%, which is now up 32% from the early March low. No particular economic news driving this. Unemployment insurance is up by 36,000, a lot of this will reflect the close down of auto plants due to the Chrysler bankruptcy. The Australian dollar is back up to US 76 cents. The US market rose overnight. The Dow was up by .6% of a percent and the S&P up by 1%, which is now up 32% from the early March low. No particular economic news driving this. Unemployment insurance is up by 36,000, a lot of this will reflect the close down of auto plants due to the Chrysler bankruptcy. The Australian dollar is back up to US 76 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090515-Chris-Caton-Update.pdf Fri, 15 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090515-Chris-Caton-Update.mp3 1:50 European and US markets were both down overnight, with Dow falling by around 2%. As I suggested in my Monday report, the falls are probably due to profit-taking, which shouldn't be surprising given how far the market has come in such a short period of time. The Australian market should open lower, with the Australian dollar hovering around US 75 cents. European and US markets were both down overnight, with Dow falling by around 2%. As I suggested in my Monday report, the falls are probably due to profit-taking, which shouldn't be surprising given how far the market has come in such a short period of time. The Australian market should open lower, with the Australian dollar hovering around US 75 cents. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090514-Chris-Caton-Update.pdf Thu, 14 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090514-Chris-Caton-Update.mp3 1:49 The session in the US market was reasonably un-eventful. The market closed fairly close to flat. The DOW was up by .6%, mainly because investors bought defensive stocks, and the S&P finished down slightly. Figures show the US had an increase in trade deficit in the month of March, it has improved enormously in recent months. The Australian budget was released last night. We have a big deficit this year, with a stimulatory budget in the early years to fight the recession. The session in the US market was reasonably un-eventful. The market closed fairly close to flat. The DOW was up by .6%, mainly because investors bought defensive stocks, and the S&P finished down slightly. Figures show the US had an increase in trade deficit in the month of March, it has improved enormously in recent months. The Australian budget was released last night. We have a big deficit this year, with a stimulatory budget in the early years to fight the recession. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090513-Chris-Caton-Update.pdf Wed, 13 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090513-Chris-Caton-Update.mp3 4:12 Overnight London was down by .6% of a percent, Germany was down by 1%, France down by 1.9%. The losses continued in the US with the DOW down by 1.8%, S&P down by 2.2%. The Australian market is also off to a soft start, opening lower. The Australian Budget is released at 7.30pm tonight, and it looks as if the deficit will be around $58b. Markets have come a long way in such a short period of time. Overnight London was down by .6% of a percent, Germany was down by 1%, France down by 1.9%. The losses continued in the US with the DOW down by 1.8%, S&P down by 2.2%. The Australian market is also off to a soft start, opening lower. The Australian Budget is released at 7.30pm tonight, and it looks as if the deficit will be around $58b. Markets have come a long way in such a short period of time. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090512-Chris-Caton-Update.pdf Tue, 12 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090512-Chris-Caton-Update.mp3 3:05 US markets had another good session, for the night the Dow finished up by 2% and S&P by 2.4%. For the week the Dow was up by 4.4% and the S&P by 5.9%, and that is the 8th up week in the past 9 and relative to its early March low the S&P index is now up more than 37%. New economic data also suggests that we are getting closer to the beginning of the end of the recession. US markets had another good session, for the night the Dow finished up by 2% and S&P by 2.4%. For the week the Dow was up by 4.4% and the S&P by 5.9%, and that is the 8th up week in the past 9 and relative to its early March low the S&P index is now up more than 37%. New economic data also suggests that we are getting closer to the beginning of the end of the recession. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090511-Chris-Caton-Update.pdf Mon, 11 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090511-Chris-Caton-Update.mp3 3:10 US markets fell overnight, wiping out the gains of the previous day. The Dow fell 1.2%, the S&P 500 was down 1.3% and more importantly, the NASDAQ was also down 2.4%. There was no obvious reason for the falls and no obvious cause for alarm. US markets fell overnight, wiping out the gains of the previous day. The Dow fell 1.2%, the S&P 500 was down 1.3% and more importantly, the NASDAQ was also down 2.4%. There was no obvious reason for the falls and no obvious cause for alarm. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090508-Chris-Caton-Update.pdf Fri, 8 May 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090508-Chris-Caton-Update.mp3 3:54 It was another solid day of trading overnight in the US, with the Dow up 1.2% and the S&P 500 up 1.7%. Much of this activity was attributed to new data showing that job losses in the US for the month of April hit 490,000 - a big number but not as big as expected. It was another solid day of trading overnight in the US, with the Dow up 1.2% and the S&P 500 up 1.7%. Much of this activity was attributed to new data showing that job losses in the US for the month of April hit 490,000 - a big number but not as big as expected. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090507-Chris-Caton-Update.pdf Thu, 7 May 2009 13:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090507-Chris-Caton-Update.mp3 3:03 US market shortly before the close down slightly, nothing too much to worry about in either direction, and the Australian dollar back above 74 cents around about 74.2. US market shortly before the close down slightly, nothing too much to worry about in either direction, and the Australian dollar back above 74 cents around about 74.2. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090506-Chris-Caton-Update.pdf Wed, 6 May 2009 16:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090506-Chris-Caton-Update.mp3 1:48 Signs of a recovery continue in the US, with the overnight gains (Dow Jones up 2.5%, S&P 500 up more than 3.0%) pushing US markets to their highest point for the year. European markets are also in the green and this momentum should also translate onto the Australian market. Signs of a recovery continue in the US, with the overnight gains (Dow Jones up 2.5%, S&P 500 up more than 3.0%) pushing US markets to their highest point for the year. European markets are also in the green and this momentum should also translate onto the Australian market. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090505-Chris-Caton-Update.pdf Tue, 5 May 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090505-Chris-Caton-Update.mp3 3:03 US markets closed the week up 1.5%, with the S&P Index now sitting almost 30% above its low in early March - that should translate into a good day on Australian markets. There is a lot of data about the Australian economy this week, including retail trade, building approvals and perhaps most importantly our labour market information for the month of April. US markets closed the week up 1.5%, with the S&P Index now sitting almost 30% above its low in early March - that should translate into a good day on Australian markets. There is a lot of data about the Australian economy this week, including retail trade, building approvals and perhaps most importantly our labour market information for the month of April. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090504-Chris-Caton-Update.pdf Mon, 4 May 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090504-Chris-Caton-Update.mp3 3:52 Nothing much happened in US markets overnight, with the Dow off just 0.2% and the S&P off 0.1%. For the month of April the S&P rose by 9.4% and that is its biggest rise for nine years. Nothing much happened in US markets overnight, with the Dow off just 0.2% and the S&P off 0.1%. For the month of April the S&P rose by 9.4% and that is its biggest rise for nine years. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/05-may/20090501-Chris-Caton-Update.pdf Fri, 1 May 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/05-may/20090501-Chris-Caton-Update.mp3 3:55 The Australian market should get off to a good start today following more positive news out of the US. The Dow Jones closed Thursday's session up 1.9% and the S&P 500 finished 2.0% higher. The Australian market should get off to a good start today following more positive news out of the US. The Dow Jones closed Thursday's session up 1.9% and the S&P 500 finished 2.0% higher. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090430-Chris-Caton-Update.pdf Thu, 30 Apr 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090430-Chris-Caton-Update.mp3 3:35 The overnight action in the US was minimal with markets doing very little. The pause creates an opportunity to look at some other US economic indicators that might offer a ray of hope: the Case-Shiller Home Price Index shows the decline in house prices is slowing, while there are signs that US consumer confidence is improving. The overnight action in the US was minimal with markets doing very little. The pause creates an opportunity to look at some other US economic indicators that might offer a ray of hope: the Case-Shiller Home Price Index shows the decline in house prices is slowing, while there are signs that US consumer confidence is improving. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090429-Chris-Caton-Update.pdf Wed, 29 Apr 2009 11:40:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090429-Chris-Caton-Update.mp3 3:08 US markets were down overnight, with the Dow Jones falling 0.6% and the S&P 500 by 1%. This time there was a new reason for the downturn: swine flu. Sick pigs pulled airline stocks, travel companies and world growth expectations lower. When you consider how quickly the 'swine flu' story has emerged, and how severe it could be, the fall in US market was surprisingly small. US markets were down overnight, with the Dow Jones falling 0.6% and the S&P 500 by 1%. This time there was a new reason for the downturn: swine flu. Sick pigs pulled airline stocks, travel companies and world growth expectations lower. When you consider how quickly the 'swine flu' story has emerged, and how severe it could be, the fall in US market was surprisingly small. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090428-Chris-Caton-Update.pdf Tue, 28 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090428-Chris-Caton-Update.mp3 2:39 After finishing higher for six consecutive weeks - a feat not seen since 1938 - the US market closed last week slightly lower. This week, expect a little more fluctuation following the release of estimates of GDP growth for the first quarter of 2009. After finishing higher for six consecutive weeks - a feat not seen since 1938 - the US market closed last week slightly lower. This week, expect a little more fluctuation following the release of estimates of GDP growth for the first quarter of 2009. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090427-Chris-Caton-Update.pdf Mon, 27 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090427-Chris-Caton-Update.mp3 3:37 Europe down - FTSE down 0.3% and DAX 1% - but a reasonably firm US market - Dow up by 0.9% and the S&P by around 1%. - should get us off to a good start today. Europe down - FTSE down 0.3% and DAX 1% - but a reasonably firm US market - Dow up by 0.9% and the S&P by around 1%. - should get us off to a good start today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090424-Chris-Caton-Update.pdf Fri, 24 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090424-Chris-Caton-Update.mp3 3:03 Bank shares rallied strongly overnight to reverse some of the falls of the day before, in response to comments by the US Treatury Secretary that most of the banks were well capitalised. Bank shares rallied strongly overnight to reverse some of the falls of the day before, in response to comments by the US Treatury Secretary that most of the banks were well capitalised. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090422-Chris-Thompson-Update.pdf Wed, 22 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090422-Chris-Thompson-Update.mp3 1:52 I think we'll need to fasten our seatbelts for our market today. The SPI Futures are 71 points lower indicating that way. I think we'll need to fasten our seatbelts for our market today. The SPI Futures are 71 points lower indicating that way. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090421-Chris-Thompson-Update.pdf Tue, 21 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090421-Chris-Thompson-Update.mp3 1:36 Markets are in somewhat of a holding pattern as they await some significant market indicators. On Friday night the Dow hung on to its 6 point gain and the S&P was up 0.5%. Markets are in somewhat of a holding pattern as they await some significant market indicators. On Friday night the Dow hung on to its 6 point gain and the S&P was up 0.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090420-Chris-Thompson-Update.pdf Mon, 20 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090420-Chris-Thompson-Update.mp3 1:56 Better than expected earnings from JP Morgan and stability in employment and housing saw the Dow finish up 1.1% and the S&P up 1.6%. Better than expected earnings from JP Morgan and stability in employment and housing saw the Dow finish up 1.1% and the S&P up 1.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090417-Chris-Thompson-Update.pdf Fri, 17 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090417-Chris-Thompson-Update.mp3 2:28 US markets took half a step forward with good stock news, notably Proctor and Gamble are increasing dividends by 10%. The Dow was up 1.4% and the S&P was up 1%. US markets took half a step forward with good stock news, notably Proctor and Gamble are increasing dividends by 10%. The Dow was up 1.4% and the S&P was up 1%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090416-Chris-Thompson-Update.pdf Thu, 16 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090416-Chris-Thompson-Update.mp3 2:01 Some financial sector profit taking and new economic information has pushed US markets one step back after its two steps forward. The Dow fell 1.7% and the S&P fell 2%. Some financial sector profit taking and new economic information has pushed US markets one step back after its two steps forward. The Dow fell 1.7% and the S&P fell 2%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090415-Chris-Caton-Update.pdf Wed, 15 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090415-Chris-Caton-Update.mp3 2:32 Tale of two halves for the US market. On Thursday the Dow Jones (3.1%) and S&P (3.8%) were driven up by Wells Fargo's earnings announcement, while Monday was close to uneventful. Tale of two halves for the US market. On Thursday the Dow Jones (3.1%) and S&P (3.8%) were driven up by Wells Fargo's earnings announcement, while Monday was close to uneventful. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090414-Chris-Caton-Update.pdf Tue, 14 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090414-Chris-Caton-Update.mp3 3:05 A quiet night overseas but the SPI Futures Index is up about 45 points which suggests we will open more strongly today. A quiet night overseas but the SPI Futures Index is up about 45 points which suggests we will open more strongly today. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090409-Chris-Caton-Update.pdf Thu, 9 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090409-Chris-Caton-Update.mp3 2:28 The fall in the US market doesn't auger well for the Australian market. The SPI Futures Index is down more than a point and a half, more than a per cent and a half. So it looks like we will open lower. The fall in the US market doesn't auger well for the Australian market. The SPI Futures Index is down more than a point and a half, more than a per cent and a half. So it looks like we will open lower. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090408-Chris-Caton-Update.pdf Wed, 8 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090408-Chris-Caton-Update.mp3 3:30 A not-so-bad analyst report and rumour of a takeover break down get the credit for the US market falling nearly 2% before rallying to close around half a percent. A not-so-bad analyst report and rumour of a takeover break down get the credit for the US market falling nearly 2% before rallying to close around half a percent. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090407-Chris-Caton-Update.pdf Tue, 7 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090407-Chris-Caton-Update.mp3 2:49 US markets stayed flat for most of Friday, but did finish slightly higher to close the week up 3%. The S&P 500 Index is now up around 25% from its low point one month ago. US markets stayed flat for most of Friday, but did finish slightly higher to close the week up 3%. The S&P 500 Index is now up around 25% from its low point one month ago. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090406-Chris-Caton-Update.pdf Mon, 6 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090406-Chris-Caton-Update.mp3 3:45 Investors piled back into the market overnight, and the hard numbers are starting to add up. In the US the Dow (2.8%), S&P 500 (2.9%) and NASDAQ (3.3%) all closed higher. It was the same story in Europe, with the German DAX (6%), France's CAC (5.4) and the FTSE (4.5%) also recording strong gains. Investors piled back into the market overnight, and the hard numbers are starting to add up. In the US the Dow (2.8%), S&P 500 (2.9%) and NASDAQ (3.3%) all closed higher. It was the same story in Europe, with the German DAX (6%), France's CAC (5.4) and the FTSE (4.5%) also recording strong gains. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090403-Chris-Thompson-Update.pdf Fri, 3 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090403-Chris-Thompson-Update.mp3 2:52 A good night all round for international markets, with Europe up 1%. In the US the Dow Jones (2%) and S&P 500 (1.7%) both gained on economic news that was "bad, but not as bad as expected". A good night all round for international markets, with Europe up 1%. In the US the Dow Jones (2%) and S&P 500 (1.7%) both gained on economic news that was "bad, but not as bad as expected". InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090402-Chris-Caton-Update.pdf Thu, 2 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090402-Chris-Caton-Update.mp3 2:25 Europe had a good night with most major indexes up. This was followed on in New York which regained some of the ground lost the previous day. For the month of March the DOW was up by 7.7% and that is the best monthly result for 6 years. Europe had a good night with most major indexes up. This was followed on in New York which regained some of the ground lost the previous day. For the month of March the DOW was up by 7.7% and that is the best monthly result for 6 years. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/2009/04-april/20090401-Chris-Caton-Update.pdf Wed, 1 Apr 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/2009/04-april/20090401-Chris-Caton-Update.mp3 3:09 Concerns about the US automotive sector were renewed after more talk of a GM bail-out package. The Dow Jones fell 3.3%, S&P fell 3.5% and European markets fell 3% to 5%. Concerns about the US automotive sector were renewed after more talk of a GM bail-out package. The Dow Jones fell 3.3%, S&P fell 3.5% and European markets fell 3% to 5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090331-Chris-Caton-Update.pdf Tue, 31 Mar 2009 15:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090331-Chris-Caton-Update.mp3 3:15 US markets closed down around 2.0% on Friday but remained up around 6.0% for the week and 20.6% since March 9th. It looks like the 'two steps forward, one step back' approach might continue for a while yet. US markets closed down around 2.0% on Friday but remained up around 6.0% for the week and 20.6% since March 9th. It looks like the 'two steps forward, one step back' approach might continue for a while yet. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090330-Chris-Caton-Update.pdf Mon, 30 Mar 2009 15:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090330-Chris-Caton-Update.mp3 3:35 The rally goes on in the US overnight, which means the S&P 500 is looking at its strongest month since 1974. The rally goes on in the US overnight, which means the S&P 500 is looking at its strongest month since 1974. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090327-Chris-Caton-Update.pdf Fri, 27 Mar 2009 15:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090327-Chris-Caton-Update.mp3 3:17 A reasonably flat day on US markets changed in the last 10 minutes of trading: the Dow and S&P both surged 1.0% to finish higher at the the close. A reasonably flat day on US markets changed in the last 10 minutes of trading: the Dow and S&P both surged 1.0% to finish higher at the the close. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090326-Chris-Caton-Update.pdf Thu, 26 Mar 2009 15:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090326-Chris-Caton-Update.mp3 1:45 PAs expected European and US markets fell slightly overnight as investors locked in profits from the huge gains of the previous day. The Dow, S&P and FTSE were all down around 1.5%. As expected European and US markets fell slightly overnight as investors locked in profits from the huge gains of the previous day. The Dow, S&P and FTSE were all down around 1.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090325-Chris-Caton-Update.pdf Wed, 25 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090325-Chris-Caton-Update.mp3 3:06 President Obama's plan to help the ailing US banking system remove 'toxic assets' from balance sheets saw the US market boom overnight, with the Dow rising 6.6% and S&P up 7.0%. President Obama's plan to help the ailing US banking system remove 'toxic assets' from balance sheets saw the US market boom overnight, with the Dow rising 6.6% and S&P up 7.0%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090324-Chris-Caton-Update.pdf Tue, 24 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090324-Chris-Caton-Update.mp3 3:16 The US markets drifted lower (Dow -1.7%, S&P 2%) on an unexciting Friday trade. And there were no news drivers, just the markets reassessing the previous week's slight bounce. The US markets drifted lower (Dow -1.7%, S&P 2%) on an unexciting Friday trade. And there were no news drivers, just the markets reassessing the previous week's slight bounce. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090323-Chris-Caton-Update.pdf Mon, 23 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090323-Chris-Caton-Update.mp3 3:43 The Dow (down 1%) and S&P (down 1.3%) slipped back to their Wednesday positions as the market continues to figure out the impact of the Fed's latest move. The Dow (down 1%) and S&P (down 1.3%) slipped back to their Wednesday positions as the market continues to figure out the impact of the Fed's latest move. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090320-Chris-Caton-Update.pdf Fri, 20 Mar 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090320-Chris-Caton-Update.mp3 3:10 An interesting announcement by the US Federal Reserve has pushed the Dow Jones up 1.2% and the Aussie dollar up to US$0.678. An interesting announcement by the US Federal Reserve has pushed the Dow Jones up 1.2% and the Aussie dollar up to US$0.678. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090319-Chris-Caton-Update.pdf Thu, 19 Mar 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090319-Chris-Caton-Update.mp3 2:26 Overnight gains pushed the Dow (2.5%) and S&P (3.2%) higher, and the US market has now risen 15% since March 9. Housing data also improved - have we finally passed the bottom? Overnight gains pushed the Dow (2.5%) and S&P (3.2%) higher, and the US market has now risen 15% since March 9. Housing data also improved - have we finally passed the bottom? InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090318-Chris-Caton-Update.pdf Wed, 18 Mar 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090318-Chris-Caton-Update.mp3 2:19 Despite Ben Bernanke's positive comments about the banks, the US market hasn't been able to crack a fifth consecutive day of gains - a feat unseen since May. Despite Ben Bernanke's positive comments about the banks, the US market hasn't been able to crack a fifth consecutive day of gains - a feat unseen since May. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090317-Chris-Caton-Update.pdf Tue, 17 Mar 2009 10:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090317-Chris-Caton-Update.mp3 1:56 Markets don't turn when they see the light at the end of the tunnel, they turn when the dark is suddenly a little less dark. And we may be close to that point. Markets don't turn when they see the light at the end of the tunnel, they turn when the dark is suddenly a little less dark. And we may be close to that point. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090316-Chris-Caton-Update.pdf Mon, 16 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090316-Chris-Caton-Update.mp3 4:18 Friday the 13th should turn out lucky for some - US markets closed higher overnight with the Dow rising 3.5% and the S&P up 4%. Expect the good luck to continue on local markets. Friday the 13th should turn out lucky for some - US markets closed higher overnight with the Dow rising 3.5% and the S&P up 4%. Expect the good luck to continue on local markets. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090313-Chris-Caton-Update.pdf Fri, 13 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090313-Chris-Caton-Update.mp3 2:57 US markets were close to flat last night - which is good news considering the previous day's bounce could have seen markets pull back. US markets were close to flat last night - which is good news considering the previous day's bounce could have seen markets pull back. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090312-Chris-Caton-Update.pdf Thu, 12 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090312-Chris-Caton-Update.mp3 2:38 Finally - some great news. US markets boomed overnight, with the Dow up 5.8% and the S&P up 6.4% following an internal memo from Citibank stating that they'd actually made money. Citibank shares rose 30%, and investors can expect the Australian market to open around 3% higher. Finally - some great news. US markets boomed overnight, with the Dow up 5.8% and the S&P up 6.4% following an internal memo from Citibank stating that they'd actually made money. Citibank shares rose 30%, and investors can expect the Australian market to open around 3% higher. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090311-Chris-Caton-Update.pdf Wed, 11 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090311-Chris-Caton-Update.mp3 2:50 Gloomy sentiment is weighing down markets. Yesterday the World Bank forecast total global growth will be negative this year - a result not seen since WWII. Gloomy sentiment is weighing down markets. Yesterday the World Bank forecast total global growth will be negative this year - a result not seen since WWII. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090310-Chris-Caton-Update.pdf Tue, 10 Mar 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090310-Chris-Caton-Update.mp3 2:27 The US had a mixed night, the Dow was up half a percent and the S&P up 0.1. It still made it a pretty poor week with both those indexes down more than 6% so the carnage goes on. The US had a mixed night, the Dow was up half a percent and the S&P up 0.1. It still made it a pretty poor week with both those indexes down more than 6% so the carnage goes on. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090309-Chris-Caton-Update.pdf Mon, 9 Mar 2009 14:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090309-Chris-Caton-Update.mp3 2:27 What bounce? Overnight falls in the US have reversed the previous day's gains, and the S&P 500 now sits at 1996 levels. What bounce? Overnight falls in the US have reversed the previous day's gains, and the S&P 500 now sits at 1996 levels. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090306-Chris-Caton-Update.pdf Fri, 6 Mar 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090306-Chris-Caton-Update.mp3 2:47 At last, we got the market bounce we've been waiting for, and it was a strong one at that. At last, we got the market bounce we've been waiting for, and it was a strong one at that. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090305-Chris-Caton-Update.pdf Thu, 5 Mar 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090305-Chris-Caton-Update.mp3 2:08 Investors would be hoping for a bounce after the falls of the last few days. The overnight news suggests that wonwas a clear example of t Investors would be hoping for a bounce after the falls of the last few days. The overnight news suggests that wonwas a clear example of t InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090304-Chris-Caton-Update.pdf Wed, 4 Mar 2009 10:30:00 +1000 http://www.bt.com.au/downloads/podcasts/20090304-Chris-Caton-Update.mp3 3:16 The bad news just doesn't seem to end. AIG's reported loss of $62bn - the biggest loss in US corporate history - saw the Dow fall 4.3% and the S&P drop 4.7%. The bad news just doesn't seem to end. AIG's reported loss of $62bn - the biggest loss in US corporate history - saw the Dow fall 4.3% and the S&P drop 4.7%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090303-Chris-Caton-Update.pdf Tue, 3 Mar 2009 10:30:00 +1000 http://www.bt.com.au/downloads/podcasts/20090303-Chris-Caton-Update.mp3 3:11 A bleak day Friday wrapped up a bleak week and month for US markets, with falls in the Dow and S&P and the news the last quarter of 2008 was the worst since 1982... A bleak day Friday wrapped up a bleak week and month for US markets, with falls in the Dow and S&P and the news the last quarter of 2008 was the worst since 1982... InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090302-Chris-Caton-Update.pdf Mon, 2 Mar 2009 13:30:00 +1000 http://www.bt.com.au/downloads/podcasts/20090302-Chris-Caton-Update.mp3 3:16 The US market is heading for a sixth straight monthly decline, as the Dow finished down 1.2% - despite being up 1.8% at one stage, and the S&P finished down 1.6%. The US market is heading for a sixth straight monthly decline, as the Dow finished down 1.2% - despite being up 1.8% at one stage, and the S&P finished down 1.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090227-Chris-Caton-Update.pdf Fri, 27 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090227-Chris-Caton-Update.mp3 2:24 Weakness in US markets was triggered by disappointing news of falling existing home sales in January. After a tospy turvy session, the Dow and S&P ended down 1.1%. Weakness in US markets was triggered by disappointing news of falling existing home sales in January. After a tospy turvy session, the Dow and S&P ended down 1.1%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090226-Chris-Caton-Update.pdf Thu, 26 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090226-Chris-Caton-Update.mp3 2:31 US markets bounced and almost reversed yesterday's losses, following optimism from the US Federal Reserve that they would not nationalise the banking system in the near future. US markets bounced and almost reversed yesterday's losses, following optimism from the US Federal Reserve that they would not nationalise the banking system in the near future. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090225-Chris-Caton-Update.pdf Wed, 25 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090225-Chris-Caton-Update.mp3 2:45 The S&P 500 has closed at its lowest point since 1997 in a disappointing session for US markets, closing down 3.2% while the Dow Jones closed down 3.4%. The S&P 500 has closed at its lowest point since 1997 in a disappointing session for US markets, closing down 3.2% while the Dow Jones closed down 3.4%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090224-Chris-Caton-Update.pdf Tue, 24 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090224-Chris-Caton-Update.mp3 2:24 US markets have fell heavily during the day following concern of the possible nationalisation of financial firms including the Bank of America and Citibank, but rallied to close just a little more than 1%. US markets have fell heavily during the day following concern of the possible nationalisation of financial firms including the Bank of America and Citibank, but rallied to close just a little more than 1%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090223-Chris-Caton-Update.pdf Mon, 23 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090223-Chris-Caton-Update.mp3 2:48 US markets started quite strongly but finished in the red following some weak economic news - the Dow Jones and S&P closed down 1.2%. Earlier, European markets closed slightly stronger. US markets started quite strongly but finished in the red following some weak economic news - the Dow Jones and S&P closed down 1.2%. Earlier, European markets closed slightly stronger. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090220-Chris-Caton-Update.pdf Fri, 20 Feb 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090220-Chris-Caton-Update.mp3 2:51 US markets stabilised after yesterday's plunge - the Dow Jones closed up 0.04% and the S&P up 0.1%. Financials fell further despite announcement of the Obama Government's housing rescue plan. US markets stabilised after yesterday's plunge - the Dow Jones closed up 0.04% and the S&P up 0.1%. Financials fell further despite announcement of the Obama Government's housing rescue plan. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090219-Chris-Caton-Update.pdf Thu, 19 Feb 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090219-Chris-Caton-Update.mp3 2:16 Another poor day in global markets. The US Dow Jones is within a whisker of its low point in November last year, closing down 3.5%, and all major European indices were down more than 2%. Another poor day in global markets. The US Dow Jones is within a whisker of its low point in November last year, closing down 3.5%, and all major European indices were down more than 2%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090218-Chris-Caton-Update.pdf Wed, 18 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090218-Chris-Caton-Update.mp3 2:38 US markets were on holiday overnight with the President's Day long weekend. All European markets were lower by about 1% and US Futures also traded lower overnight. US markets were on holiday overnight with the President's Day long weekend. All European markets were lower by about 1% and US Futures also traded lower overnight. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090217-Chris-Caton-Update.pdf Tue, 17 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090217-Chris-Caton-Update.mp3 1:30 Unease of the US Treasury's bank rescue plan continues to weigh on US markets, resulting in its worst week since November with the S&P down 4.9% for the week. Unease of the US Treasury's bank rescue plan continues to weigh on US markets, resulting in its worst week since November with the S&P down 4.9% for the week. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090216-Chris-Caton-Update.pdf Mon, 16 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090216-Chris-Caton-Update.mp3 2:29 After being down more than 3% with 2 hours left of trade, US markets regained almost all in the last hour to finish almost neutral. Retail sales in January surprised - rising 1% after 6 successive monthly falls. After being down more than 3% with 2 hours left of trade, US markets regained almost all in the last hour to finish almost neutral. Retail sales in January surprised - rising 1% after 6 successive monthly falls. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090213-Chris-Caton-Update.pdf Fri, 13 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090213-Chris-Caton-Update.mp3 2:46 European and US markets were up slightly overnight, with the Dow Jones closing up 0.6%. The US stimulus package is still making its way through the legislative process - when it does we'll possibly see a relief rally. European and US markets were up slightly overnight, with the Dow Jones closing up 0.6%. The US stimulus package is still making its way through the legislative process - when it does we'll possibly see a relief rally. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090212-Chris-Caton-Update.pdf Thu, 12 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090212-Chris-Caton-Update.mp3 2:06 The disappointing bank rescue plan announced by US Treasury and testimony by the Federal Reserve has seen markets react in their worst night since January 20 - the Dow Jones and S&P 500 both dropped around 4.6%. The disappointing bank rescue plan announced by US Treasury and testimony by the Federal Reserve has seen markets react in their worst night since January 20 - the Dow Jones and S&P 500 both dropped around 4.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090211-Chris-Caton-Update.pdf Wed, 11 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090211-Chris-Caton-Update.mp3 2:38 US markets were close to flat overnight as it waits for: President Obama's press conference on the state of the economy, passing of the fiscal package and announcement of a new financial rescue package. US markets were close to flat overnight as it waits for: President Obama's press conference on the state of the economy, passing of the fiscal package and announcement of a new financial rescue package. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090210-Chris-Caton-Update.pdf Tue, 10 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090210-Chris-Caton-Update.mp3 1:49 US had a good night - Dow Jones up 2.5% and S&P up 2.6%. Weak employment news buoys market belief that stimulus package will pass Congress. Signs emerging that the pace of decline is no longer accelerating. US had a good night - Dow Jones up 2.5% and S&P up 2.6%. Weak employment news buoys market belief that stimulus package will pass Congress. Signs emerging that the pace of decline is no longer accelerating. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090209-Chris-Caton-Update.pdf Mon, 9 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090209-Chris-Caton-Update.mp3 3:37 Chris Thompson: Main economic news came out of the UK overnight, as the Bank of England cut interest rates from 1.5% to 1%. In the US, markets were strong - the Dow Jones was up 1.3% and the S&P up 1.6%. Chris Thompson: Main economic news came out of the UK overnight, as the Bank of England cut interest rates from 1.5% to 1%. In the US, markets were strong - the Dow Jones was up 1.3% and the S&P up 1.6%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090206-Chris-Caton-Update.pdf Fri, 6 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090206-Chris-Caton-Update.mp3 2:37 European markets had a good night, as the FTSE and continental markets were up more than 1%. This lead wasn't followed in the US - the Dow Jones was down 1.5% and the S&P down 0.8%. European markets had a good night, as the FTSE and continental markets were up more than 1%. This lead wasn't followed in the US - the Dow Jones was down 1.5% and the S&P down 0.8%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090205-Chris-Caton-Update.pdf Thu, 5 Feb 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090205-Chris-Caton-Update.mp3 1:44 Good news overnight, with the Dow Jones up 1.8% and the S&P up 1.6%. This was driven by company news - rather than economic news - with healthcare and home building profits being better than analyst expectations. Good news overnight, with the Dow Jones up 1.8% and the S&P up 1.6%. This was driven by company news - rather than economic news - with healthcare and home building profits being better than analyst expectations. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090204-Chris-Caton-Update.pdf Wed, 4 Feb 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090204-Chris-Caton-Update.mp3 2:43 US markets were mixed overnight - with the Dow Jones down 0.8%, the S&P flat, and the Nasdaq up. The Aussie market will open down, but the close will depend on other events,including the RBA decision on interest rates. US markets were mixed overnight - with the Dow Jones down 0.8%, the S&P flat, and the Nasdaq up. The Aussie market will open down, but the close will depend on other events,including the RBA decision on interest rates. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090203-Chris-Caton-Update.pdf Tue, 3 Feb 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090203-Chris-Caton-Update.mp3 2:29 Despite US GDP figures being better than expected, the 3.8% drop for the last quarter of 2008 still had US markets in the red, with the S&P down 2.2% and the Dow Jones down 1.8%. Despite US GDP figures being better than expected, the 3.8% drop for the last quarter of 2008 still had US markets in the red, with the S&P down 2.2% and the Dow Jones down 1.8%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090202-Chris-Caton-Update.pdf Mon, 2 Feb 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090202-Chris-Caton-Update.mp3 4:14 A four-day rising streak in US markets has been broken, following news of an increase in people collecting unemployment benefits and worse-than-expected new homes sales data. The Dow Jones fell 2.7% and S&P fell 3.3%. A four-day rising streak in US markets has been broken, following news of an increase in people collecting unemployment benefits and worse-than-expected new homes sales data. The Dow Jones fell 2.7% and S&P fell 3.3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090130-Chris-Caton-Update.pdf Fri, 30 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090130-Chris-Caton-Update.mp3 2:36 While I've been proven wrong before, it's starting to look like last Friday was the low point in financial markets as the US closed up for the fourth day in a row. The S&P was up 3.4% and the Dow Jones was up 2.5%. While I've been proven wrong before, it's starting to look like last Friday was the low point in financial markets as the US closed up for the fourth day in a row. The S&P was up 3.4% and the Dow Jones was up 2.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090129-Chris-Caton-Update.pdf Thu, 29 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090129-Chris-Caton-Update.mp3 2:34 US markets were up for the third day in a row as the S&P closed up 1.1% and the Dow Jones 0.7%. Economic news overnight wasn't really news - consumer confidence dropped in January and housing prices continue to fall. US markets were up for the third day in a row as the S&P closed up 1.1% and the Dow Jones 0.7%. Economic news overnight wasn't really news - consumer confidence dropped in January and housing prices continue to fall. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090128-Chris-Caton-Update.pdf Wed, 28 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090128-Chris-Caton-Update.mp3 3:15 The FTSE closed up more than 4% overnight following news that Barclays Bank in the UK made significant profit in 2008. This news also helped US markets as the S&P 500 gained 0.5%. The FTSE closed up more than 4% overnight following news that Barclays Bank in the UK made significant profit in 2008. This news also helped US markets as the S&P 500 gained 0.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090127-Chris-Caton-Update.pdf Tue, 27 Jan 2009 12:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090127-Chris-Caton-Update.mp3 2:32 Another weak night in US markets, driven by Microsoft's announcement of lower earnings and job cuts, as well as a further fall in housing starts for the month of December. The Dow Jones closed down 1.2% and the S&P down 1.5%. Another weak night in US markets, driven by Microsoft's announcement of lower earnings and job cuts, as well as a further fall in housing starts for the month of December. The Dow Jones closed down 1.2% and the S&P down 1.5%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090123-Chris-Caton-Update.pdf Tue, 27 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090123-Chris-Caton-Update.mp3 3:18 Day to day market volatility saw US markets undo most (but not all) of the damage from Tuesday. The Dow Jones closed up a little over 3.5% and the S&P closed up 4.4%. Day to day market volatility saw US markets undo most (but not all) of the damage from Tuesday. The Dow Jones closed up a little over 3.5% and the S&P closed up 4.4%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090122-Chris-Caton-Update.pdf Thu, 22 Jan 2009 13:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090122-Chris-Caton-Update.mp3 2:34 US markets took no comfort in Barack Obama's inauguration, instead reacting to the loss announced by the Royal Bank of Scotland the day before. The Dow Jones fell over 4% and the S&P fell 5.3%. US markets took no comfort in Barack Obama's inauguration, instead reacting to the loss announced by the Royal Bank of Scotland the day before. The Dow Jones fell over 4% and the S&P fell 5.3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090121-Chris-Caton-Update.pdf Wed, 21 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090121-Chris-Caton-Update.mp3 3:47 The Dow Jones and the S&P 500 both finished up by 0.8% on Friday - despite news that industrial production, manufacturing production and the CPI fell for the month of December. The Dow Jones and the S&P 500 both finished up by 0.8% on Friday - despite news that industrial production, manufacturing production and the CPI fell for the month of December. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090119-Chris-Caton-Update.pdf Mon, 19 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090119-Chris-Caton-Update.mp3 3:59 After the European Central Bank cut interest rates by half a percent overnight, European markets closed down between 1% and 2%. US markets were volatile all day but managed to just finish in positive territory. After the European Central Bank cut interest rates by half a percent overnight, European markets closed down between 1% and 2%. US markets were volatile all day but managed to just finish in positive territory. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090116-Chris-Caton-Update.pdf Fri, 16 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090116-Chris-Caton-Update.mp3 2:50 The US consumer is cutting back more than expected, as retails sales for December declined 2.7%. Not surprisingly, this news has spooked equity markets - the Dow Jones fell 2.9% and the S&P fell 3.4%. The US consumer is cutting back more than expected, as retails sales for December declined 2.7%. Not surprisingly, this news has spooked equity markets - the Dow Jones fell 2.9% and the S&P fell 3.4%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090115-Chris-Caton-Update.pdf Thu, 15 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090115-Chris-Caton-Update.mp3 2:46 It was a quiet night in overseas markets with little economic and market news. After a weak afternoon in trade, the US Dow Jones recovered in the last hour to close 26 points down, while the S&P closed up 0.2%. It was a quiet night in overseas markets with little economic and market news. After a weak afternoon in trade, the US Dow Jones recovered in the last hour to close 26 points down, while the S&P closed up 0.2%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090114-Chris-Caton-Update.pdf Wed, 14 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090114-Chris-Caton-Update.mp3 2:37 Overnight markets saw weakness in commodities as the price of oil fell 7% to under $40 a barrel, and gold dropped US$35 to US$820. In equity markets, the Dow Jones was down 1.5% and the S&P was down 2.3%. Overnight markets saw weakness in commodities as the price of oil fell 7% to under $40 a barrel, and gold dropped US$35 to US$820. In equity markets, the Dow Jones was down 1.5% and the S&P was down 2.3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090113-Chris-Caton-Update.pdf Tue, 13 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090113-Chris-Caton-Update.mp3 3:42 The Dow Jones closed down 1.6% and the S&P down 2.1% after employment numbers released on Friday showed the US economy lost 2.6 million jobs in 2008 - the biggest decline since 1925. The Dow Jones closed down 1.6% and the S&P down 2.1% after employment numbers released on Friday showed the US economy lost 2.6 million jobs in 2008 - the biggest decline since 1925. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090112-Chris-Caton-Update.pdf Mon, 12 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090112-Chris-Caton-Update.mp3 3:00 As the Bank of England cut UK interest rates to their lowest level ever, European markets finished slightly down overnight. In the US, the Dow Jones closed down 0.3% while the S&P closed up 0.3%. As the Bank of England cut UK interest rates to their lowest level ever, European markets finished slightly down overnight. In the US, the Dow Jones closed down 0.3% while the S&P closed up 0.3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090109-Chris-Caton-Update.pdf Fri, 9 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090109-Chris-Caton-Update.mp3 4:07 The US market had a negative night, following a forecast that payroll employment could decline by a massive 700,000 in the month of December. The Dow Jones fell 2.8% and the S&P fell 3%. The US market had a negative night, following a forecast that payroll employment could decline by a massive 700,000 in the month of December. The Dow Jones fell 2.8% and the S&P fell 3%. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090108-Chris-Caton-Update.pdf Thu, 8 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090108-Chris-Caton-Update.mp3 2:51 A good night overseas should set up the Australian market for further gains today. In economic news, the index measuring sentiment in the US service sector was not as bad as expected - following the trend of recent economic data. A good night overseas should set up the Australian market for further gains today. In economic news, the index measuring sentiment in the US service sector was not as bad as expected - following the trend of recent economic data. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090107-Chris-Caton-Update.pdf Wed, 7 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090107-Chris-Caton-Update.mp3 2:51 US markets were down overnight for a change, but not hugely. The Dow Jones fell just 0.9% and the S&P fell 0.5%, possibly due to concern about events in Gaza - not because of economic news. US markets were down overnight for a change, but not hugely. The Dow Jones fell just 0.9% and the S&P fell 0.5%, possibly due to concern about events in Gaza - not because of economic news. InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090106-Chris-Caton-Update.pdf Tue, 6 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090106-Chris-Caton-Update.mp3 2:24 US markets have got the first trading day of 2009 off to a good start, as the Dow Jones closes up 2.9% and the S&P closes up 3.2%... US markets have got the first trading day of 2009 off to a good start, as the Dow Jones closes up 2.9% and the S&P closes up 3.2%... InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090105-Chris-Caton-Update.pdf Mon, 5 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090105-Chris-Caton-Update.mp3 3:52 The year in financial markets may have been very poor but the last day of trade was reasonably good. In the US, the Dow Jones was up 1.3% and the S&P by 1.4%... The year in financial markets may have been very poor but the last day of trade was reasonably good. In the US, the Dow Jones was up 1.3% and the S&P by 1.4%... InternetContent@btfinancialgroup.com (BT Digital) BT Financial Group http://www.bt.com.au/downloads/podcasts/20090102-Chris-Caton-Update.pdf Fri, 2 Jan 2009 11:00:00 +1000 http://www.bt.com.au/downloads/podcasts/20090102-Chris-Caton-Update.mp3 2:45