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Hedgehogs.net's connections' blogs

Citigroup recommends reducing resources exposure

May 17, 2011 by SteveT   Comments (0)

SYDNEY (MarketWatch) — Citigroup Australian equity strategists said Tuesday that they recommend investors reduce exposure to the resource sector in order to cut risk. They cut miners to a small overweight in their portfolio and moved to underweight in energy stocks. At the same time, they lifted their positioning in defensive sectors of the market, by raising healthcare firms to index level and upping weightings in banks and other industrials. “While resources have underperformed by about 5% recently, this only reverses gains a month earlier, and the sector could fall further,” they said.

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Shale Gas Environmental Concerns

May 17, 2011 by SteveT   Comments (0)

Technological breakthroughs
in methods for drilling for natural gas have opened up the possibility
of vast new supplies. However, environmental concerns may turn out to
be significant.

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Judge Jails IMF Chief in Sexual-Assault Case

May 17, 2011 by SteveT   Comments (0)

IMF chief Dominique Strauss-Kahn was ordered held without bail in a sexual-assault case in Manhattan—a decision that sends one of the towering figures of international finance and French politics to a jail cell on New York’s Rikers Island.

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Why Hitting Debt Ceiling Hasn’t Been a Big Deal

May 17, 2011 by SteveT   Comments (0)

It is a new trading week and one that has been rocked with scandal. The head of the International Monetary Fund Dominique Strauss-Kahn (

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CME launches forex swaps clearing

May 17, 2011 by SteveT   Comments (0)

CME Group, the US’s biggest futures exchange, launched clearing for over-the-counter foreign exchange transactions by offering clearing for contracts on the US dollar versus the Chilean peso.

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RBA: global inflation risks have moved to upside

May 17, 2011 by SteveT   Comments (0)

SYDNEY (MarketWatch) — The minutes from the latest interest-rate-setting meeting of the Reserve Bank of Australia out Tuesday showed that the Australian central bank judged that the current mildly restrictive stance of monetary policy remained appropriate for the country. The RBA noted that recent rises in the Australian dollar exchange rate were likely to have further tightened conditions, particularly in some sectors of the economy. The RBA members said that monetary policy had to be set for the needs of the overall economy. Members noted that monetary policy remained accommodative in most countries, which they believe has added to pressure on commodity markets. “In this environment, global inflation risks appeared to have moved to the upside,” the RBA member said. The Australian dollar traded flat at .0559 after the minutes were released.

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EUR Has “Dead Cat Bounce” After Strauss-Kahn Selloff

May 17, 2011 by SteveT   Comments (0)

The theme in foreign exchange markets today was the “dead cat bounce” following the selloff in risk overnight prompted by the weekend arrest of IMF chief Strauss-Kahn in New York.  While commodities and equities remained in reverse gear,…

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Guest Post: The Good, The Bad And The Ugly – Part 3

May 17, 2011 by SteveT   Comments (0)


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