Ric Spooner

Latest articles

23h
TheBull
Aust shares rise despite Telstra dragor 0.1 per cent, to 5,791.2 points by 1030 AEST, with the mining sector leading
TheBull / Posted 23 hours ago
or 0.1 per cent, to 5,791.2 points by 1030 AEST, with the mining sector leading the gains. CMC Markets chief analyst Ric Spooner said company results would be the main focus for traders Thursday but attention would also be on Telstra, which... Read more
6 related articles
1d
Channel NewsAsia
Calm returns to Asia markets as US data boosts dollarof play. "Volatility declined on international markets ... with US stock marke
Channel NewsAsia / Posted yesterday
of play. "Volatility declined on international markets ... with US stock markets returning to their moribund state," said Ric Spooner, an analyst at CMC Markets in Sydney. "This has provided a neutral lead for the local market where the main focus... Read more
2 related articles
1d
TheBull
CSL expands to meet 'precious' plasma boomfinancial year,. CSL shares were $2.82, or 2.2 per cent, lower at $124.36 at 1
TheBull / Posted yesterday
financial year,. CSL shares were $2.82, or 2.2 per cent, lower at $124.36 at 1453 AEST. CMC Markets chief market analyst Ric Spooner said CSL's results were solid but the profit growth guidance may have missed the market's high expectations. CSL... Read more
5 related articles
1d
TheBull
CSL upbeat after 'exceptional' FY17 profitof our strategy." CSL shares were $4.94, or 3.9 per cent, lower at $122.24 at
TheBull / Posted yesterday
of our strategy." CSL shares were $4.94, or 3.9 per cent, lower at $122.24 at 1115 AEST. CMC Markets chief market analyst Ric Spooner said CSL had produced a solid result, with revenue in line or slightly better than expected. "However, it... Read more
2 related articles
2d
Manila Standard Today
Stock index returns to 8,000; Chelsea upfound it difficult to ignore the potent combination of strong profit growth, lo
Manila Standard Today / Posted 2 days ago
found it difficult to ignore the potent combination of strong profit growth, low bond yields and a lower US dollar,” said Ric Spooner, an analyst at CMC Markets in Sydney. However, the dollar moved off recent lows after New York Federal Reserve... Read more
66 related articles
2d
TheBull
Local shares up as Nth Korea concerns fade5,774.2, while the broader All Ordinaries index had risen 40.4 points, or 0.7 p
TheBull / Posted 2 days ago
5,774.2, while the broader All Ordinaries index had risen 40.4 points, or 0.7 per cent, to 5,819. CMC Market chief analyst Ric Spooner says Wall Street's positive lead was a key driver for the local market, indicating investors had set aside the... Read more
3d
TheBull
Aust shares rebound as US rate fears easeor 0.66 per cent, higher at 5,730.4 points on Monday, with most sectors making
TheBull / Posted 3 days ago
or 0.66 per cent, higher at 5,730.4 points on Monday, with most sectors making gains. CMC Markets chief market analyst Ric Spooner said Australian investors were primarily reacting to the US inflation data released on Friday night. "Weak... Read more
40 related articles
3d
TheBull
Shares up as rate hike prospects easeor 0.66 per cent, higher at 5,730.4 points on Monday, with most sectors making
TheBull / Posted 3 days ago
or 0.66 per cent, higher at 5,730.4 points on Monday, with most sectors making gains. CMC Markets chief market analyst Ric Spooner said Australian investors were primarily reacting to the US inflation data released on Friday night. "Weak... Read more
40 related articles
6d
Market Watch
Oil prices head lower as global tensions continue unabatedover North Korea have finally escalated to the point where market has been obli
Market Watch / Posted 6 days ago
over North Korea have finally escalated to the point where market has been obliged to react,” said CMC Markets analyst Ric Spooner. Oil, like most commodities, such as gold, usually gets a boost in times of political tension. But there was... Read more
6d
Business Standard India
Asia stocks, dollar extend slide as U.S., North Korea tensions intensifyFriday. "The latest threats over North Korea have finally escalated to the poi
Business Standard India / Posted 6 days ago
Friday. "The latest threats over North Korea have finally escalated to the point where market has been obliged to react," Ric Spooner, chief market analyst at CMC Markets, wrote in a note. "U.S. markets had previously been becalmed amidst the... Read more
46 related articles
6d
The Star
Asia stocks, US$ extend slide as US-North Korea tensions intensifyKorea. "The latest threats over North Korea have finally escalated to the poin
The Star / Posted 6 days ago
Korea. "The latest threats over North Korea have finally escalated to the point where market has been obliged to react," Ric Spooner, chief market analyst at CMC Markets, wrote in a note. "U.S. markets had previously been becalmed amidst the... Read more
46 related articles
7d
Reuters
Asia stocks, dollar brace for further slide as U.S., North Korea tensions intensifyit." "The latest threats over North Korea have finally escalated to the point
Reuters / Posted 7 days ago
it." "The latest threats over North Korea have finally escalated to the point where market has been obliged to react," Ric Spooner, chief market analyst at CMC Markets, wrote in a note. "U.S. markets had previously been becalmed amidst the... Read more
46 related articles
7d
Reuters
Asia stocks, dollar extend slide as U.S., North Korea tensions intensifyFriday. "The latest threats over North Korea have finally escalated to the poi
Reuters / Posted 7 days ago
Friday. "The latest threats over North Korea have finally escalated to the point where market has been obliged to react," Ric Spooner, chief market analyst at CMC Markets, wrote in a note. "U.S. markets had previously been becalmed amidst the... Read more
46 related articles
7d
FOX Business
Oil prices move higher after U.S. stockpiles fallcontract gained 0.8 percent in the previous session. "Broadly I think the mark
FOX Business / Posted 7 days ago
contract gained 0.8 percent in the previous session. "Broadly I think the market is trading sideways at the moment," said Ric Spooner, chief market analyst at CMC Markets in Sydney. U.S. crude stockpiles fell last week as refineries boosted... Read more
106 related articles
7d
FOX Business
Oil prices move higher after U.S. stockpiles fallcontract gained 0.8 percent in the previous session. "Broadly I think the mark
FOX Business / Posted 7 days ago
contract gained 0.8 percent in the previous session. "Broadly I think the market is trading sideways at the moment," said Ric Spooner, chief market analyst at CMC Markets in Sydney. U.S. crude stockpiles fell last week as refineries boosted... Read more
106 related articles
7d
The Star
Oil prices edge lower as market settles into rangewhich may be creating a bit of negativity, but broadly I think the market is tr
The Star / Posted 7 days ago
which may be creating a bit of negativity, but broadly I think the market is trading sideways at the moment,” said Ric Spooner, chief market analyst at CMC Markets in Sydney. U.S. crude stockpiles fell last week as refineries boosted... Read more
106 related articles
8d
TheBull
CBA's record profit boosts share marketcash profit to $9.9 billion. Its three main rivals all posted slightly stronge
TheBull / Posted 8 days ago
cash profit to $9.9 billion. Its three main rivals all posted slightly stronger gains. CMC Markets chief market analyst Ric Spooner said Wednesday's gains came despite falls on Asian markets due to increasing tension between the US and North... Read more
31 related articles
13d
Business Standard India
CommBank shares slide after money-laundering accusations rattle investorsrisk in today, the sources of that risk are the possibility of sanctions, fines
Business Standard India / Posted 13 days ago
risk in today, the sources of that risk are the possibility of sanctions, fines, flowing from this civil action," said Ric Spooner, Chief Market Strategist at stockbroker CMC Markets. "Beyond that there's also the consideration of other... Read more
143 related articles
13d
TheBull
CBA shares slide on alleged breachesthink about the implications of these charges after little reaction to the mark
TheBull / Posted 13 days ago
think about the implications of these charges after little reaction to the market yesterday," CMC Markets chief strategist Ric Spooner said. "The charges have represented an immediate and sizeable cost to the bank's shareholders." CBA could face... Read more
143 related articles
14d
TheBull
Profit-takers drag share market lowerrally in metals prices had stalled, prompting investors to take profits on mini
TheBull / Posted 14 days ago
rally in metals prices had stalled, prompting investors to take profits on mining stocks, CMC Markets chief market analyst Ric Spooner said. Similarly, investors were taking profits on some oil stocks, as it remains below its recent highs. "We've... Read more
39 related articles
15d
Market Watch
Oil extends losses as oversupply fears return, U.S. data loombarrel, the U.S. oil price needs continued good news on inventories given the o
Market Watch / Posted 15 days ago
barrel, the U.S. oil price needs continued good news on inventories given the ongoing potential for supply increases,” said Ric Spooner at CMC Markets. However, some analysts say the past day’s pullback might by premature because the size of any... Read more
15d
TheBull
Miners push Aust share market loweragainst the greenback and is trading at 79.57 US cents, from 80.02 cents at Mon
TheBull / Posted 15 days ago
against the greenback and is trading at 79.57 US cents, from 80.02 cents at Monday's close. CMC Markets chief analyst Ric Spooner said weaker overnight commodity prices thwarted the Aussie dollar's rise above 80 US cents. "This makes the... Read more
39 related articles
16d
Manila Standard Today
Oil holds gains above $50 a barrelprices rise, according to people familiar with the deliberations. “The extent
Manila Standard Today / Posted 16 days ago
prices rise, according to people familiar with the deliberations. “The extent of the drop in US inventories over recent weeks has been quite constructive and the market is responding to that,” said Ric Spooner, an analyst at CMC Markets in S... Read more
94 related articles
17d
Market Watch
Oil prices resume push higher, Brent atop $52 a barrelanalysts say the current price rally may not last because “American producers h
Market Watch / Posted 17 days ago
analysts say the current price rally may not last because “American producers have shown how elastic they can be,” said Ric Spooner, the chief analyst at CMC Markets. As such, prices are liable to range from the mid-$40s to low-$50s because... Read more
94 related articles
20d
Market Watch
Asian stocks tumble on heels of U.S. tech selloffU.S. tech stocks overnight. “The market seems to be dominated at the moment wi
Market Watch / Posted 20 days ago
U.S. tech stocks overnight. “The market seems to be dominated at the moment with short-term traders trading a range,” said Ric Spooner, chief market analyst at CMC Markets in Australia. “Basically, they’re looking for value where we’ve been... Read more
21d
TheBull
Australian shares slide on profit takingsectors. The market is likely to end the week with a session of consolidation
TheBull / Posted 21 days ago
sectors. The market is likely to end the week with a session of consolidation and profit taking, CMC Markets chief analyst Ric Spooner said. "Traders are again likely to ignore the lead from US markets, which are largely about stock and sector... Read more
39 related articles
21d
TheBull
Shares rise, $A soars past 80 US centsMay 2015, after the US Federal Reserve suggested it was in no hurry to raise in
TheBull / Posted 21 days ago
May 2015, after the US Federal Reserve suggested it was in no hurry to raise interest rates. CMC chief market analyst Ric Spooner said the Aussie dollar was also boosted by higher commodity prices. "In the last 24 hours this has been about... Read more
39 related articles
22d
FOX Business
Oil prices firm on optimism over declining inventoryat that level. However, the current uptrend in oil prices could be limited to
FOX Business / Posted 22 days ago
at that level. However, the current uptrend in oil prices could be limited to the low $50 per barrel region, according to Ric Spooner, chief market analyst at CMC Markets in Sydney. "As we approach $50 and into the low $50s, that's a level that... Read more
98 related articles
22d
FOX Business
Oil prices firm on optimism over declining inventoryat that level. However, the current uptrend in oil prices could be limited to
FOX Business / Posted 22 days ago
at that level. However, the current uptrend in oil prices could be limited to the low $50 per barrel region, according to Ric Spooner, chief market analyst at CMC Markets in Sydney. "As we approach $50 and into the low $50s, that's a level that... Read more
98 related articles
27d
San Antonio Express-News
Global stocks edge lower as central banks remain in focusgrowing nervousness over U.S. politics and weak commodity prices has set a soft
San Antonio Express-News / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ASIA'S DAY: Japan's benchmark Nikkei 225 slipped 0.2 percent to finish at... Read more
106 related articles
27d
Business Standard India
Oil edges up, Brent below $50 a barrel ahead of Opec meetingimpact of strong drawdown in inventories announced earlier this week was still
Business Standard India / Posted 27 days ago
impact of strong drawdown in inventories announced earlier this week was still lingering in the market," ANZ bank said. Ric Spooner, chief market analyst at CMC Markets in Sydney, said the decline in inventories could continue in the near term,... Read more
81 related articles
27d
San Francisco Chronicle
Global shares becalmed by lull in market-moving newsgrowing nervousness over U.S. politics and weak commodity prices has set a soft
San Francisco Chronicle / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude gained 18 cents to $47.10 a barrel in... Read more
106 related articles
27d
WFTV 9 Orlando
Asian shares meander as ECB, BOJ hold monetary policy steadygrowing nervousness over U.S. politics and weak commodity prices has set a soft
WFTV 9 Orlando / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude gained 3 cents to $46.95 a barrel in... Read more
106 related articles
27d
Daily Herald
Asian shares meander as ECB, BOJ hold monetary policy steadygrowing nervousness over U.S. politics and weak commodity prices has set a soft
Daily Herald / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude gained 3 cents to $46.95 a barrel in... Read more
106 related articles
27d
FOX Business
Oil nudges higher; Brent crude below $50impact of strong drawdown in inventories announced earlier this week was still
FOX Business / Posted 27 days ago
impact of strong drawdown in inventories announced earlier this week was still lingering in the market," ANZ bank said. Ric Spooner, chief market analyst at CMC Markets in Sydney, said the decline in inventories could continue in the near term,... Read more
81 related articles
27d
FOX Business
Asian shares meander as ECB, BOJ hold monetary policy steadygrowing nervousness over U.S. politics and weak commodity prices has set a soft
FOX Business / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude gained 3 cents to $46.95 a barrel in... Read more
106 related articles
27d
FOX Business
Oil nudges higher; Brent crude below $50impact of strong drawdown in inventories announced earlier this week was still
FOX Business / Posted 27 days ago
impact of strong drawdown in inventories announced earlier this week was still lingering in the market," ANZ bank said. Ric Spooner, chief market analyst at CMC Markets in Sydney, said the decline in inventories could continue in the near term,... Read more
81 related articles
27d
FOX Business
Asian shares meander as ECB, BOJ hold monetary policy steadygrowing nervousness over U.S. politics and weak commodity prices has set a soft
FOX Business / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude gained 3 cents to $46.95 a barrel in... Read more
106 related articles
27d
FOX Business
Oil steady as Brent crude hovers below $50impact of strong drawdown in inventories announced earlier this week was still
FOX Business / Posted 27 days ago
impact of strong drawdown in inventories announced earlier this week was still lingering in the market," ANZ bank said. Ric Spooner, chief market analyst at CMC Markets in Sydney, said the decline in inventories could continue in the near term,... Read more
81 related articles
27d
FOX Business
Oil steady as Brent crude hovers below $50impact of strong drawdown in inventories announced earlier this week was still
FOX Business / Posted 27 days ago
impact of strong drawdown in inventories announced earlier this week was still lingering in the market," ANZ bank said. Ric Spooner, chief market analyst at CMC Markets in Sydney, said the decline in inventories could continue in the near term,... Read more
81 related articles
27d
Market Watch
Asian markets cool off following recent surgeis resulting in selling in any stocks affected by that such as those with inter
Market Watch / Posted 27 days ago
is resulting in selling in any stocks affected by that such as those with international businesses and export sales,” said Ric Spooner, chief market analyst in Australia at CMC Markets. Elsewhere in the region, Hong Kong’s Hang Seng Index HSI,... Read more
27d
The Manila Times
Euro holds dollar gains in Asia as ECB mulls bond buying programbeen taken as confirmation that it’s likely to begin tapering by early next yea
The Manila Times / Posted 27 days ago
been taken as confirmation that it’s likely to begin tapering by early next year,” said CMC Markets chief market analyst Ric Spooner in a commentary. The euro — already on the march against the dollar as the eurozone economy picks up — ploughed... Read more
27 related articles
27d
San Antonio Express-News
Asian trading muted on no change from Europe central bankgrowing nervousness over U.S. politics and weak commodity prices has set a soft
San Antonio Express-News / Posted 27 days ago
growing nervousness over U.S. politics and weak commodity prices has set a soft tone for this morning's market open," Ric Spooner of CMC Markets said in a commentary. ENERGY: Benchmark U.S. crude fell 3 cents to $46.89 a barrel in New York.... Read more
106 related articles
30d
WA Today
Big bank anxiety pulls ASX below 5700yesterday, there's been a rapid deterioration throughout the afternoon thanks t
WA Today / Posted 30 days ago
yesterday, there's been a rapid deterioration throughout the afternoon thanks to a slump in global risk-on sentiment," said Ric Spooner, chief market analyst at CMC Markets. The big four banks were the biggest drag on the market. Commonwealth Bank... Read more
4 related articles
30d
Brisbane Times
Big bank anxiety pulls ASX below 5700yesterday, there's been a rapid deterioration throughout the afternoon thanks t
Brisbane Times / Posted 30 days ago
yesterday, there's been a rapid deterioration throughout the afternoon thanks to a slump in global risk-on sentiment," said Ric Spooner, chief market analyst at CMC Markets. The big four banks were the biggest drag on the market. Commonwealth Bank... Read more
4 related articles
30d
Canberra Times
Big bank anxiety pulls ASX below 5700yesterday, there's been a rapid deterioration throughout the afternoon thanks t
Canberra Times / Posted 30 days ago
yesterday, there's been a rapid deterioration throughout the afternoon thanks to a slump in global risk-on sentiment," said Ric Spooner, chief market analyst at CMC Markets. The big four banks were the biggest drag on the market. Commonwealth Bank... Read more
4 related articles
30d
The Age
Big bank anxiety pulls ASX below 5700yesterday, there's been a rapid deterioration throughout the afternoon thanks t
The Age / Posted 30 days ago
yesterday, there's been a rapid deterioration throughout the afternoon thanks to a slump in global risk-on sentiment," said Ric Spooner, chief market analyst at CMC Markets. The big four banks were the biggest drag on the market. Commonwealth Bank... Read more
4 related articles
30d
Sydney Morning Herald
Big bank anxiety pulls ASX below 5700yesterday, there's been a rapid deterioration throughout the afternoon thanks t
Sydney Morning Herald / Posted 30 days ago
yesterday, there's been a rapid deterioration throughout the afternoon thanks to a slump in global risk-on sentiment," said Ric Spooner, chief market analyst at CMC Markets. The big four banks were the biggest drag on the market. Commonwealth Bank... Read more
4 related articles
1m
Manila Standard Today
Market climbs; Marcventures upthe US are raising legitimate concerns about whether the likely resting point f
Manila Standard Today / Posted a month ago
the US are raising legitimate concerns about whether the likely resting point for the Fed Fund Rate might be well below the three percent” that is forecast for the end of 2019, said Ric Spooner, chief market analyst at CMC Markets. With Bloomberg,... Read more
6 related articles
1m
Market Watch
Crude prices start the week on an upbeat noteEnergy Agency also helped fuel near-5% price gains last week. “We can see ther
Market Watch / Posted a month ago
Energy Agency also helped fuel near-5% price gains last week. “We can see there are some encouraging changes,” said Ric Spooner at CMC Markets. He said around 65% of that firm’s clients are keeping a long view on the oil market, though many... Read more
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