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Australian Stock Market-MIDDAY (7/15/2011)

MIDDAY REPORT (12pm AEST)Australian stocks have started the last trading day of the week in the red, on continued investor concern about US and European economic woes. Ratings agency Standard & Poor´s has this morning warned there is a one-in-two chance it could cut the United States´ prized triple-A rating if a deal on raising the government´s debt ceiling is not agreed soon. The deadline for the agreement is August 2nd. At lunchtime in the East, the All Ordinaries Index (XAO) is down 15.2...

Australian Stock Market: CLOSING- (7/13/2011)

MARKET CLOSE-- (4.30pm AEST)The Australian sharemarket was lower in the first half of the day; however our fortunes changed for the better following solid economic numbers out of China today. The ASX 200 index (XJO) rose 0.40 pct or 19.4 pts to 4514.8 while the broader All Ordinaries index (XAO) gained 0.40 pct or 19.7 pts to 4583.2.

Australia's financial advisers group seek keen reforms

Australia's reforms to improve on the retirement savings of citizens are still hanging and waiting to be addressed, according to the industry group Association of Financial Advisers (AFA) after meeting with government authorities

Australian stock market- CLOSING (7/12/2011)

MARKET CLOSE--Commonwealth Securities (4.30pm AEST)The Australian sharemarket extended its falls in the second half of trade today, with the ASX 200 index (XJO) down 1.9 pct or 86.9 pts to 4495.4 while the broader All Ordinaries index (XAO) slumped by 1.8 pct or 83.3 pts to 4563.5. Almost all regions of the market ended lower with the exception of the coal producers.
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Global Markets Overview 7/8/2011

COMMSEC MORNING REPORT (7am AEST)US same store sales rose by 6.5pct in June - well ahead of expectations for a 4.9pct rise. Of the 23 chain stores tracked by Thomson Reuters all but four of the chains reported an increase. The ICSC expects sales to rise by 4.5-5.5pct in July.

Australian Sharemarket--Closing- 7/7/2011

MARKET CLOSE - CommSec Report (4.30pm AEST)The Australian sharemarket has managed to end higher by the most modest of margins for the third time this week despite being around 0.4 pct lower at one point this morning.

Australia sees surge in full-time jobs

National jobs figures released by the Australian Bureau of Statistics today revealed a significant rebound in the employment market, confirming the underlying strength of the Australian economy.

Australian Sharemarket--Midday 7/7/2011

The Australian sharemarket is improving after a slow start to trade, following a solid employment report this morning. The All Ordinaries index (XAO) is currently flat. Almost all sectors are trading slightly lower at lunch however.

Australia's Government scales back on carbon tax

The Australian government has mellowed down its carbon tax policy that would not be too much of a burden to small and medium enterprises. Industries affected by the carbon price had been reduced to 500 from the previous 1000, the government said.

Australia hits close to $3B trade surplus

Australia's mining boom strengthened the country's trade surplus that has hit a seven-month high to A$2.33 billion ($2.5 billion), from a revised A$1.62 billion surplus in April, the Bureau of Statistics said in a report in Sydney on Tuesday.

Australia's manufacturing sector rebounds in June

The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.

World Market Insights: IG Markets

From IG Markets Analyst Ben Potter:On Wall Street overnight, stock finished the quarter and end of the first half in bullish fashion, logging its fourth consecutive gain as Greece passed a second crucial vote on the implementation of the latest austerity package and a much stronger-than-expected Chicago PMI number.

Australia's business confidence staggers to 15-year lows

Small business support for the Australian Government has fallen to a 15-year low, according to the Sensis Business Index released today. SMEs have become much less supportive of the Federal Government’s policies, with the indicator declining sharply during the quarter to be the lowest level since February 1996.

Many Australians unprepared for retirement --study

Australia still needs to spur its campaign to urge citizens to prepare for retirement, a new research done by Roy Morgan said in order to achieve a 90 percent average confirming plans for the said years.

Aussie share market, dollar step up

At lunch the Australian share market is having a much better day, with the All Ordinaries index (XAO) around 0.4 pct or 19.7 pts higher to 4533.5. Close to all sectors are higher, with gains from the banks and miners helping to keep the market in positive territory.

Market expectations: Market leads to flat trading

The Australian stock market is seen receiving a little shove from the negative leads over volatile overnight sessions in the US and European stock markets. The ASX is seen performing modestly on Friday.

Number of overweight Australian men increasing, alarming

Australian men are overweight, have a higher risk of cancer, prone to illicit drug use, injury, and smoking and have a shorter life expectancy that women but don't expect them to see a doctor about it, at least according to a recent study by the Australian Institute of Health and Welfare.

ACCC hardens stance vs AMI

The Australian Competition and Consumer Commission commenced legal action against the company for unconscionable conduct, after failing to inform customers that the business is insolvent and under administration. The ACCC wants the federal court to stop the Sydney-based firm from continuing its business.

Australians relaxed in facing high mortgages

Australians may be swimming in debt but that doesn't mean they're worried about it. A recent survey from insurance provider Genworth found that although most Australian home owners are among the most indebted in the world they have no problems borrowing more than their means.

NZ50 outperforms ASX 200

As the Australian share market went down for a sixth consecutive trading day, investors went to the New Zealand markets, which rose close to 20 points to 3525.39, a change of about 56 percent.

Upside risks takes on markets

Australia's stock market has opened at a modest pace taking on from overnight leads as Wall Street gave up mid-session gains as Federal Reserve chairman Ben Bernanke hinted that further stimulus is required to boost the US economy.

Weak trading besets markets

Weak trading sessions in the US and European markets will likely rebound in local trading on Tuesday. Investors at the Australian Stock market would likely be on the sidelines as there would be some reluctance ahead of the RBA interest rate pronouncement at 2:30PM AEST.

Markets seen to rebound

As world markets ended up disappointingly with a tepid performance on Friday, analysts expect some negativity spreading, but the good market support for the Australian share markets will hopefully hold it up at today's trading day.

Asia-Pacific markets post bearish gains

Markets in the Asia-Pacific region have remained quiet at the end of Monday's trading as public holidays in China, Hong Kong, and South Korea have kept only Tokyo's Nikkei and Australia's S&P 500 working until the afternoon.

Fewer job placements in May

Australia has generated fewer jobs in May, according to a survey made by the ANZ Bank, which was reflected in lower job placements posted online or on newspapers.

ASX Overview: What to expect

Expect a lacklustre trading today at the Australian stock market because of negative to mixed leads derived from offshore trading overnight.

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