BUSINESS

A pedestrian is reflected in the window of the Australian Securities Exchange with boards displaying stock movements, in central Sydney September 24, 2014. Australian shares lost 0.7 percent on Wednesday morning as Wall Street fell overnight for a third s

Australian Stock Market Report – Midday November 10, 2014

Sellers have applied their weight to the share market on Monday, discriminating little between the various sectors. Mining and energy stocks however have escaped the attention that has seen financials lead the way lower after Westpac (WBC) went ex-dividend, shedding more than 3.5% in the process. The softer tone is a reflection of a similar experience to that of US stocks on Friday after jobs data missed expectations. Figures from The US Bureau of Labour Statistics showed that non-farm payrolls ...
Traders work on the floor of the New York Stock Exchange shortly after the markets open in New York November 7, 2014.

Global Markets Overview – November 10, 2014

I remain tepid about November trade, having seen the US markets returning to record all-time highs and more talk on the Street is that we're heading for 8% to 10% gains over the next 12 months.
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n office worker walks past an Australian Securities Exchange (ASX) window showing the main losses for the day in central Sydney July 23, 2012. Australian shares slumped 1.7 percent on Monday, the biggest one-day fall in seven weeks, as investors fled from

Australian Stock Market Report – Afternoon November 7, 2014

The Australian sharemarket has recovered yesterday's losses, with all ten sectors finishing firmer. The All Ordinaries Index (XAO) gained 0.78 per cent or 42 points to 5,522, while the S&P/ASX 200 Index (XJO) climbed 0.78 per cent or 43 points to 5,549. The market was boosted by strong gains in the materials and energy sectors and even the financial sector managed to shrug off early losses to finish the day in positive territory. Over the course of the week the ASX 200 has gained 0.4%, markin...
Vittorio Hernandez Nov 07, 2014
Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected

Australian Stock Market Report – Midday November 7, 2014

Local shares started the last session of the week on the front foot following encouraging gains for US and European markets over night. The ASX opened with a small loss, down 6 points before trading with a gain of 33 points at the best levels of the morning. The early optimism reflected gains seen overseas which were driven by the hope of more central bank led action to promote economic growth. The European Central Bank President Mario Draghi said the bank's governing council was unanimous in...
Vittorio Hernandez Nov 07, 2014
A metal sculpture depicting a stock exchange chart is seen in the reception hall of the Athens Bourse in Athens September 11, 2014. Greece on Thursday set the pricing on its offer to top up its recent three- and five-year bonds by about 1 billion euros (U

Global Markets Overview – November 7, 2014

It was a busy night for global markets, as investors digested a raft of releases and events from Europe and the US. In Europe, the BoE and ECB both kept policy unchanged. However, the latter's press conference drew significant attention, as the central bank said it expects its balance sheet to move towards 2012 levels. Essentially, this implies the balance sheet is set to increase by around a trillion euros. At the same time, the ECB reinforced its commitment to using other unconventional pol...
Vittorio Hernandez Nov 07, 2014
Unemployment

Australian Stock Market Report – Morning November 7, 2014

In the US, jobless claim fell by 10,000 to 278,000 last week. The Labour Department also reported that hourly compensation increased at a 2.3 per cent rate in the September quarter. Labour productivity rose at a 0.3 per cent rate in the September quarter after a decline of 0.5 per cent in the June quarter.
Vittorio Hernandez Nov 07, 2014
A pedestrian talking on his phone is reflected in the window of the Australian Securities Exchange as an investor watches boards displaying stock prices in central Sydney October 16, 2014. Australian shares slid 1.1 percent on Thursday after U.S. stocks l

Australian Stock Market Report – Afternoon November 6, 2014

The local sharemarket continued its downward slide this afternoon, closing firmly in the red. The All Ordinaries Index (XAO) lost 0.32 per cent or 17pts to 5,475, while the S&P/ASX 200 slipped 0.29 per cent or 16 pts to 5,501. The market was weighed down by falls in the mining and financial sectors. Volumes saw 1.9 billion shares exchanged worth $5.3 billion. 386 stocks ended higher, 571 closed lower and 321 were unchanged.
Vittorio Hernandez Nov 06, 2014
A man is reflected as he walks past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected the offer o

Australian Stock Market Report – Midday November 6, 2014

After several sessions where a weaker tone had prevailed locally, early trade on Thursday saw buyers re-emerge to assert themselves once again in the Australian sharemarket. The improved tone was a reflection of the gains seen in Europe and the US overnight. In Europe the FTSEurofirst 300 index rose by 1.7%, the UK FTSE gained 1.3% and the German Dax lifted by 1.6% as investors showed no anxiety ahead of the European Central Bank meeting on Thursday which is seen as bringing news of fresh stimul...
Vittorio Hernandez Nov 06, 2014
Global Stock Market Indices

Australian Stock Market Report – Morning November 6, 2014

In the US, the ISM services index fell from 58.6 to 57.1 in October, short of estimates near 58.0. The ADP survey of private employment showed that 230,000 jobs were created in October, above estimates near 220,000. And weekly home loan commitments fell 2.6% in the latest week with new purchases up 2.6% while refinancing fell 5.5%.
Vittorio Hernandez Nov 06, 2014
Stock Market

Global Markets Overview – November 5, 2014

November is always a dull month in the world of trading. US earnings season has passed, investors start to think about the new year and most macro influences slow down to a trickle.
Vittorio Hernandez Nov 05, 2014
Retailer

Australian Stock Market Report – Morning November 5, 2014

In the US, durable goods orders fell by 1.1% in September with factory orders down by 0.6%, in line with forecasts. The trade deficit widened from US$40.1 billion to US$43.03 billion in September (forecast US$40 billion). The ISM New York index rose from 654.8 to 657.2 in October. And chain store sales were up 3.9% on a year ago in the latest week, down from 4.4% in the previous week.
Vittorio Hernandez Nov 05, 2014
Stock market

Australian Stock Market Report – Afternoon November 4, 2014

The Australian sharemarket has ended the session firmer, after trading fairly flat for most of the day. Volumes were light with Victoria celebrating the Melbourne Cup public holiday. The S&P/ASX 200 climbed 13pts or 0.20 per cent to 5,519.
Vittorio Hernandez Nov 04, 2014

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