BUSINESS

Australian Stock Market Report – Morning 1/21/14

European shares edged lower in thin trade on Monday. A surprising quarterly loss by Deutsche Bank prompted investors to cash in recent gains on banking stocks. Deutsche Bank fell by 5.4% after a drop in fixed income trading revenues restructuring costs, and also warning about a challenging 2014. Credit Suisse fell 2.5% and Commerzbank lost 4.5%. The STOXX 600 Banking index lost 1% but was still up 5.5% so far this year. The FTSEurofirst 300 index fell by 0.1% with the UK FTSE up by 0.1% and the ...

Should Store Mannequins Have Pubic Hair?

A New York display along East Houston is generating buzz in the fashion industry because of three mannequins. It is not so much the white undergarments donned by the models that are the cause of the talk, but the fact that the mannequins have unshaved pubic hair sticking out of the undies.
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Australian Stock Market Report – Midday 1/20/14

The Australian sharemarket is losing ground following a mixed and uninspiring session from global markets on Friday. The main potential driver of local stocks this afternoon is likely to be a barrage of Chinese economic readings at 1pm (AEDT). Volume is expected to be on the light side globally, with the Martin Luther King Jr holiday keeping U.S. markets closed tonight.

Global Markets Overview – 1/20/14

Expectations are growing that 2014 will be the year that commodities will return to the winners' cycle, after having seen the likes of corn, silver, gold, nickel and platinum all falling into bear markets in 2013, with 23 commodities finishing last year in the red.

Australian Stock Market Report – Morning 1/20/14

n US economic news, the University of Michigan US Consumer Sentiment Index eased from 82.5 to 80.4 in January. US industrial production rose by 0.3% in December, with manufacturing output up 0.4% in the month. For the quarter industrial production advanced at a 6.8% pace - the fastest quarterly growth rate in over three years. US housing starts fell by 9.8% in December - marking the biggest drop in nine months. US building permits fell by 3% in December. Weather may have played a part in the wea...

Australian Stock Market Report –Afternoon 1/17/14

The Australian share market closed slightly lower today as the banks and miners fought it out. Some great gains from the likes of BHP Billiton (BHP) and Rio Tinto (RIO) were offset by falls in the banking sector and from retail stocks. The All Ordinaries Index (XAO) finished the day's session lower by 3 points or 0.1 per cent to 5316.4 points.

New Zealand Dollar Reaches New Heights Against Australian Dollar

The New Zealand dollar broke records when it surpassed the Australian dollar due to weak jobs data in Australia and differences in interest rate outlooks between neighbour countries. The Kiwi dollar climbed as high as 94.80 Australian cents as it traded against the Aussie at 94.72 cents on Jan. 16. It is the highest climb of the Kiwi dollar in 8 years. The local currency soared to 83.44 U.S. cents from 83.29 cents as of the same day.

Australian Stock Market Report – Midday 1/17/14

The Australian sharemarket was up for the third consecutive trading session on the open; however the gains were short lived. The All Ordinaries Index (XAO) is now slipping by 0.2 per cent at lunch, with the miners the main supportive mechanism for stocks after 2.5 hours of trade. Weakness across almost all major sharemarkets last night and disappointing profit results from major U.S. financial institutions are contributing to the losses.

Global Markets Overview - 1/17/14

The AUD remains as one of the more interesting G10 currencies around, as it has again weakened against all 16 major trading pairs on what was one of the most disappointing employment change data releases in years.

Australian Stock Market Report – Morning 1/17/14

In US economic news, the NAHB housing market index dipped from 57 to 56 points in January, suggesting home builder confidence had faded a bit at the start of 2014, although most developers expected the housing recovery to continue. US jobless claims fell by 2,000 to 326,000 in the past week. US consumer prices posted the largest gain in six months, rising by 0.3% in December to be up 1.5% over the year. Core prices rose by a much more sedate 0.1%. The Chicago PMI was revised higher from 57.9 to ...

Australian Stock Market Report – Afternoon 1/16/14

The Australian share market had its best performance for 2014 today, adding to yesterday's gains and more than making up for the losses on Tuesday. The All Ordinaries Index (XAO) rose 63.9 points or 1.2 per cent to finish at 5319.4 points.

Australian Stock Market Report – Midday 1/16/14

The Australian share market is performing well in early trade on the back of gains in European markets and on Wall Street overnight, and in spite of disappointing local jobs numbers which have sent the Australian dollar to a three year low.

Global Markets Overview - 1/16/14

Both Europe and the US reacted positively to the news that the World Bank is raising its global growth forecast for 2014 by 20 basis points to 3.2%. The reaction from the developed world was further driven by where the growth is coming from, with developed nations component upped to 2.2% from 2%. The slight disappointment was that developing nations had their outlook cut slightly to 5.2%.

Australian Stock Market Report – Morning 1/16/14

In US economic news, US producer prices lifted by 0.4% in December to be up just 1.2% over the year. Core producer prices lifted by a more sedate 0.3% in the month. The New York Fed Empire manufacturing survey lifted from 2.2 to a surprising 12.5 in January. The Fed´s latest Beige book, suggest economic activity continued to expand across most regions and sectors through late 2013. Nine out of the 12 districts indicated the local economy was expanding at a moderate pace.

Australian Stock Market Report – Afternoon 1/15/14

After three straight sessions of losses, the Australian sharemarket has managed to improve by 0.7 per cent. The All Ordinaries Index (XAO) was up by 0.14 per cent at its worst and 0.83 per cent higher at its best before settling 0.68 per cent firmer by the close.

Australian Stock Market Report – Midday 1/15/14

Local stocks are managing to partly make up for yesterday's 1.5 per cent slump; the single worst day for Australian equities in four months. The All Ordinaries Index (XAO) is back above the 5250.0 market, following hitting four week low on Tuesday; now improving by 0.7 per cent.

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