BUSINESS

Australian Stock Market Report – Morning 10/29/13

In US economic news, industrial production rose by 0.6pct in September, above expectations for a gain of 0.4pct. But the pending home index fell by 5.6pct to 101.6, weaker than the 0.1pct expected gain.

Uranium Sellers Capitulate

By Greg PeelA month ago there appeared to be some building interest from buyers in the short-term uranium market, and sellers were thus encouraged to hang back rather than let product go at low prices.

Is Investment In REITs Simply An Investment In Property?

By Greg PeelProperty has become the investment buzzword for 2013. Stock markets continue to rally on central bank stimulus yet the bulk of investors remain on the sidelines, still fearful of the volatility that has been a feature since the GFC.
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McDonald's Cuts Ties With Heinz After 40 Years Due To Competitor Issues

Fastfood giant McDonald's has reportedly cut its ties with Heinz after 4 decades due to a change of management in the company. A statement from McDonald's released Friday resulted to speculations that ending of the relationship may be brought by the former CEO of rival Burger King.

Global Markets Overview –10/28/13

As we head into the last four trading days of October there are a few statistics that are starting to make me see a crest at the top of the hill for the ASX.

Africa Losing $1 Billion A Week From Illicit Financial Flows: Report

"We now need the US and EU to quickly implement their own extractive industries transparency laws, and for Canada to get its law in place," said Oxfam Chief Executive Mark Goldring. "Mining giants Australia and South Africa have an important opportunity to lead G20 nations by example on this issue too."

Ford Survives and Sustains its Position in European Car Market

Europe's car market flattened in early eight months to the lowest level since 1990. September merchant rebates or abatement in Germany rose to moderate 12 percent off the price tag from 11.6 percent in August, the topmost level in view of June. The outstanding transactions are accessible on Peugeot and Renault cars, with connected moderate discounts of 14.9 percent. Fiat presents enticement in proportion to 13.7 percent off the list price.

Australian Stock Market Report – Morning 10/28/13

In US economic news, orders for durable goods (goods with a life more than three years) rose by 3.7pct in September, ahead of expectations. But non-defence goods excluding planes fell by 1.1pct. Consumer sentiment fell from 77.5 to a 10-month low of 73.2 in October, below expectations for a result near 75.0. And wholesale inventories rose by 0.5pct in September with sales up 0.6pct - both above expectations.

Australian Stocks: What Happened Today?

By Ashley JessenASX Top Gainers & Losers plus Market Snapshot - 28 October 2013Strong leads across US and European markets provided the necessary inspiration for our local market to close at their highest level since June 2008 with several of our banks closing at all time record highs and match that...

Is Wesfarmers Priced Beyond Performance?

- Wesfarmers sales growth reasonable on a net basis- Yield is attractive- Coles appears to be slowing- Analysts question a high PEBy Greg PeelWesfarmers ((WES)) reported its quarterly retail and coal sales last week and the story was mixed.

Apple Claims It Has Sold 170 Million iPads, But Analysts Doubt 15M Figure for Q3

Apple claims to have shipped a total of 170 million units of iPad to date, implying it shipped about 15 million tablets in Q3. However, like the Cupertino-based tech giant's previous claim of selling 9 million units of the newly launched iPhone 5S and 5C on the first three days it appeared in stores, there are doubters.

Google Nexus Devices Top 2 Tech Web Sites' List of Best Tablets (VIDEOS)

While all tech eyes are on the newly launched iPad Air and iPad Mini tablet of Apple, reality is there would be Apple fans and non-fans. The bigger number of tablet users, because of the sheer number of available models, are those run by Android OS. In the Android world, Google Nexus devices reign, based on the recently listing of two tech Web site wherein the Google Nexus 10 and Nexus 7 topped the list of best tablets.

Australian Stock Market Report – Midday 10/25/13

There have been a number of encouraging signs for the bulls in the last 24 hours. The weak close on Wednesday as rising interest rates in China saw buyers retreat from stocks across the region has faded from memory and buyers have maintained the grind higher for the ASX200 this week, which has risen by 1.3% with several hours of trade remaining.

The Australian Dollar is Caught in a Currency Crossfire

In today's Daily Reckoning we're going to discuss the possible impact on Australia of a changing global monetary system. We say possible because no one really knows where this rabbit hole we're heading down leads, so it's all guesswork.

Spain Exits 2-Year Recession, But Job Creation Remains Low

The Spanish economy grew by 0.1 percent between July and September this year on the back of stronger exports, according to estimates from Spain's central bank on Wednesday, though unemployment remains stubbornly high at around the 26 percent mark.

Global Markets Overview – 10/25/13

It has been a very interesting week on the markets; the unusual event of seeing major US data in the third week of the month certainly didn't spook the markets as it reconfirmed what most already believe; taper will not happen in 2013.

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