BUSINESS

Australian Stock Market Report – Afternoon 4/7/14

The Australian sharemarket kicked off the week a touch lower, with the All Ordinaries Index (XAO) down 0.2 per cent; remaining modestly above the 5400pt mark. Tomb sweeping day in China is being observed today, resulting in the closure of China's markets. Last week, the XAO rose by close to 1 per cent, making it the third straight week of improvements.
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Global Markets Overview – 4/7/14

We saw an interesting reaction to the non-farm payrolls on Friday night, with a read of 192,000 - short of the consensus read of 200,000. However, it was the first time the ADP read and the official read had been with in 2000 of each other in over two years. It was also interesting considering the consensus print had been bid up on some calling for the possibility of 300,000 jobs to be added.

Australian Stock Market Report – Morning 4/7/14

In US economic data, non-farm payrolls (employment) rose by 192,000 in March, just short of the median forecast tipping a rise of 200,000 jobs. The unemployment rate was steady at 6.7%. Average earnings were flat and the work week rose from 34.3 hours to 34.5 hours.

Tips on Cannabis Stock Trading from the ‘Wolf of Weed Street’

A 35-year-old disaster consultant quit his job in December after making $515,000 so far in trading marijuana stocks. Thanks to the legalisation of cannabis in some states, trading in the once-prohibited drug - both in real leaf and on paper - is becoming a growing subsector in international stock trading.

Aussie Teens Top Global Youth Well-being Index

Australia is the top place to be a teenager, according to a study by the Center for Strategic and International Studies and the International Youth Foundation. The two organisations drew a Global Youth Wellbeing Index that it released this week.

Australian Stock Market Report – Afternoon 4/4/14

The Australian sharemarket rose modestly for the third time this week, with the All Ordinaries Index (XAO) edging 0.1 per cent higher by the close. The XAO finished above the 5400pt mark, helped by the fourth consecutive record close for U.S. markets last night.

Australian Stock Market Report – Midday 4/4/14

The Australian sharemarket is treading water ahead of the all-important non-farm payrolls report out later this evening. This is the most important piece of insight into the state of North America's employment market.

Australian Stock Market Report – Morning 4/4/14

In US economic data, the ADP Private Employment report showed job gains of 191,000 for the private sector in March mostly in line with forecasts. The February result was revised up from 139,000 to 178,000. US factory orders jumped 1.6% in February. Shipments of new orders lifted by 0.9% in February - the biggest gain in seven months. However the prior January result was revised to show a larger fall of 1%.

Global Markets Overview - 4/3/14

The EUR has crossed below its 50-day moving average for the first time since February, as Mario Draghi and the ECB board uses much grittier and direct language, giving the market a real sense that QE is coming.

HIV, AIDS Treatment: Cytodyn's PRO 140 Shows Big Potential

A new innovation in medical practice is nearing the finish line in finding a treatment for AIDS and HIV. A small-cap biotechnoogy firm, CytoDyn, is advancing in finding a treatment and prevention of the Human Immunodeficiency Virus (HIV).

Australian Stock Market Report – Afternoon 4/3/14

The Australian sharemarket rose modestly for the third time this week, with the All Ordinaries Index (XAO) edging 0.1 per cent higher by the close. The XAO finished above the 5400pt mark, helped by the fourth consecutive record close for U.S. markets last night.

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