Vittorio Hernandez

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Vittorio Hernandez completed a degree in Economics and studied Public Administration, as well as Development Communication. He has been writing business and general news for various publications for decades now. He joined IBTimes Australia in September 2011. He may be reached at v.hernandez@ibtimes.com.au.

@vitthernandez ibtimesau

Australian Stock Market Report – Morning January 19, 2015

In US economic data, consumer sentiment rose to 11-year highs in January, up from 93.6 to 98.2. Industrial production fell by 0.1% in December (forecast: flat). Consumer prices fell by 0.4% as expected in December but the core measure (excludes food and energy) was flat.

Australian Insurers Cover Procedures Done Overseas

Because of the rapid pace of growth of medical tourism, Australian insurers are starting to cover medical procedures done abroad. Yearly, about 25,000 Australians undergo cosmetic procedures overseas valued at $300 million, experts said.

Australian Stock Market Report – Midday January 16, 2015

Australian shares are falling for the fifth straight day with the ASX 200 Index down by 0.7 per cent. This takes the falls this week to 3 per cent; making it the worst week since June 2013 for local stocks. This is also only the third time in 12 months the ASX 200 has lost ground from Monday through to Friday.

Australian Stock Market Report – Afternoon January 15, 2015

Local shares extended this week's losses, with the market again held back by heavy falls in the materials sector. A weak lead from Wall Street also weighed on investor sentiment. Overnight markets sold off on weak metal prices, US retail sales for December coming in weaker than expected and poor earnings results from large cap banking stocks.

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