BUSINESS

Australian Stock Market Report – Morning 4/11/14

In US economic data, new claims for unemployment insurance fell from 332,000 to 300,000 in the latest week, well below forecasts centred on a result near 320,000. Import prices rose by 0.6% in March with export prices up 0.8% - both results above expectations. And the Federal Budget was $36.9 billion in deficit in March, around half economist forecasts.
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Australian Stock Market Report – Midday 4/10/14

The Australian sharemarket is continuing to improve, with the All Ordinaries Index (XAO) 0.5 per cent firmer and near a six-year high. No sectors are escaping the gains, with at least modest improvements felt across the board. So far this month, local stocks have improved by 1.65 per cent.

Global Markets Overview – 4/10/14

We witnessed more green on screen for the US equity markets overnight as the FOMC minutes beat down any thought of an early rates rise in the Fed funds rate.

Australian Stock Market Report – Morning 4/10/14

In US economic data, wholesale sales rose by 0.7% in February with inventories up 0.5%. The sales data was short of forecasts centred on a 1.0% increase. The weekly index of mortgage activity fell 1.6% with purchases up and refinancing down.

Australian Stock Market Report – Afternoon 4/9/14

The Australian sharemarket had its best day in two months, with the All Ordinaries Index (XAO) ending 1 per cent firmer by the close. The ASX200 Index finished not too far off a six-year high and is 75 per cent higher than the lows hit in March 2009. At its best, local stocks were up 1.2 per cent today and the low was hit on the open, with the XAO up 0.6 per cent. All sectors improved, with some solid gains from the miners and banks helping most.
Joe Belfiore holds a pair of mobile phones featuring the new Windows 8.1 operating system during the company's "build" conference in San Francisco

'Windows 8.1 Update' Available From 08 April; 'Mandatory' Update for Windows 8.1 Users

Windows 8.1 users will be able to migrate to 'Windows 8.1 Update' starting 08th April 2014. According to Microsoft, this is a mandatory and recommended update for Windows 8.1. Failure to install this Update will prevent Windows from patching the system with any future updates from May 2014. Although the Windows 8.1 Update is set out to be a security update, it packs a lot of new features. This update is available for both MSDN and TechNet subscribers.
Tokyo Electric Power Co (TEPCO)'s handout shows an image taken by a gamma ray camera showing the bottom of a ventilation stack standing between Fukushima Daiichi nuclear power plant's No.1 and No.2 reactors, where radiation exceeding 10 sieverts (10,000 m

Fukushima’s Tepco Slapped with US$1B Lawsuit by 79 US Sailors Over Radiation Claims

Financially strapped Tokyo Electric Power Co, operator of the crippled Fukushima Dai-ichi nuclear power plant, has been slapped a US$1 billion lawsuit by the 79 US sailors who were the first respondents to the crisis three years ago. The sailors claimed the operator lied about the high level of radiation in the area as they carried out their humanitarian mission.

Apple Inc Investors and Options Traders Expect Stock to Bounce Back; Apple Leads Samsung in U.S.

Apple Inc (NASDAQ:AAPL) dropped 1.7 per cent at $522.66 as of April 7 as U.S. tech stocks continued to slide in the stock market. Despite the continued fall, options traders still expects the iPhone maker to bounce back as indicated weekly call options, according to analyst reports.Options traders are positive that the new products of Apple Inc will drive the world's most valuable company after it bounced back from its worst monthly loss in 12 months.

Global Markets Overview – 4/9/14

The NASDAQ broke its three-day rout with a 0.9% rise as Google, Facebook and eBay added 2%. The S&P and the Dow also broke its four-day downtrend, which will see support for the broader market, particularly the information technology space. However, this does not mean that after this slight pull back the tech space would make the sector fundamentally cheap; it is likely that the market direction in these stocks over the coming week will be downward as they return to fair value.

Australian Stock Market Report – Afternoon 4/8/14

The Australian share market closed only modestly lower on Tuesday despite big falls once again on Wall Street overnight. Investors continued to sell out of biotech and technology stocks on fears they are overpriced.

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