BUSINESS

Australian Stock Market Report – Midday 10/31/13

The All Ordinaries Index (XAO) lost ground from the start of today's trading session hit by weakness in the banking sector. Overnight the US Dow Jones Index overnight, closed weaker after the latest statement from the US central Bank (The Federal Reserve) showed little change over the last month.
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Australian Stock Market Report – Morning 10/31/13

In US economic news, consumer prices rose by 0.2pct in September with the core rate up 0.1pct, below forecasts for a 0.2pct gain. The ADP employment index shows that 130,000 private sector jobs were created in October, below forecasts of a 150,000 gain.

Australian Stock Market Report – Afternoon 10/30/13

Despite giving back some of the more significant gains recorded at midday, the Australian market still managed to rise for the fourth time in five trading sessions and for the 10th time in 12. Chinese economic data out over the past few weeks has been largely promising while the political situation in the US is in better shape for now.

Australian Stock Market Report – Midday 10/30/13

After a 0.5 per cent fall yesterday, the All Ordinaries Index (XAO) is now up by 21pt or 0.4 per cent. Local stocks have only fallen on two occasions over the past 12 trading sessions; rising by 4.5 per cent since mid-October.

Stocks To Rise Nine Percent Over The Next Six Months

By Peter Switzer, Switzer Super ReportLast week, Investor Mutual's Anton Tagliaferro was quoted saying he was expecting a correction, which, given our 25% plus rise since November 2012 on the stock market, does not look outlandish.

Australian Stock Market Report – Morning 10/30/13

In US economic news, retail sales fell 0.1pct in September, but excluding autos, sales rose 0.4pct, in line with forecasts. Producer prices fell by 0.1pct in September, but excluding food and energy, prices rose 0.1pct, in line with forecasts. Consumer confidence fell from 80.2 to 71.2 in October. And the Case Shiller home price index rose 0.9pct in August to stand 12.8pct higher than a year ago.

Starbucks and Samsung Come Under Fire from Chinese Media

In the latest attack by Chinese media on global companies, Starbucks and Samsung have both come under fire for allegedly bullying Chinese customers and over-charging them. Leading the charge China Central Television (CCTV) and the China Daily. This comes after iPhone maker Apple was blasted by CCTV earlier this year for not repairing customers' iPhones for free.

Australian Stock Market Report – Midday 10/29/13

On the heels of a strong start to the week sellers got some modest traction at the outset of trade on Tuesday. One of the factors helping sellers was the weakness in US futures the start of the Asian session after the Apple result, post the close of Wall St.

Global Markets Overview – 10/29/13

The ASX is now up 5.81% in the last 14 days and October looks like it will be the third best month of the year, and well ahead of the average monthly rise in 2013 of 1.3%.

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