The establishment of a construction machinery leasing company will meet the demand for the rapidly increasing requirement for construction machinery in China,and further increase of sales in this area.
Chief Economist, Clifford Bennett, is widely recognized for his often market leading and insightful economic and financial market forecasts. Clifford has 25 years international experience with some of the world's leading investment banks, and was named the "world's most accurate currency forecaster" by Bloomberg News NY. Clifford is the author of "Warrior Trading" published by John Wiley & Sons New York, and frequently appears in the financial print and television media.
Global markets continue to unfold according to our "Grand Bull Market" says Clifford Bennett of Herston Economics. The US dollar remains on the main stage, although the Euro has grabbed the centre, and is likely to continue to make strong gains throughout the year. ECB President Trichet may well follow through on yesterday's comments and hike by 25 points at the next meeting.
Clifford Bennett of Herston Economics says equity markets are stabilizing, before resuming a bullish trajectory in coming days. As expected equity markets will be moving higher alongside a higher oil price. Underlying all this will be a falling US dollar which is good for equity markets, the US economy and commodities. Clifford Bennett suggests caution regarding some commentators who keep suggesting doom and gloom which risks people missing out on what is still a very strong bull market and period of global economic prosperity.
The US market really got worried by the oil rally, and Bernanke's comments were exaggerated to good effect by the bears. The Australian market has been immediately marked lower in typical follow the leader fashion out of New York. As we approach what was our 'worst case' scenario near ASXSP200 4,785, think opportunity.
Markets are starting to move as expected, in a very bullish pattern, says Clifford Bennett of Herston Economics. In fact he believes the next two weeks could be among the more interesting periods of the year, as equity and commodity markets begin to accelerate higher. Oil and Gold continue to look good for further gains, and so do the Euro, sterling and Australian dollar.
Equity markets were marked lower last week on the back of continued geopolitical tension in the middle east. Yet by Friday the Dow Jones was showing signs of already having bottomed, and the US dollar was consolidating after failing to go on with the usual safe haven rally.
