BUSINESS

Australian Stock Market Report – Afternoon 5/14/13

For a second day local stocks ended higher with a small yet unconvincing gain. Whilst the Federal Budget dominates the national media discussion at present, the reality is that the impact on prices will likely be modest if at all.

One Way to Protect Yourself from a Falling Australian Dollar

Will the state of federal finances have any effect on the battling Australian dollar? A Friday article by Fed mouthpiece John Hilsenrath in the Wall Street Journal floated the idea that the Fed is looking for ways to wind down its $85 billion per month in QE in a way that doesn’t crash stocks or disrupt order in the financial markets.
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How To Invest For An Uncertain Financial Future

By Alexander Green, Investment U Chief Investment StrategistIn Friday's column, I laid out what I believe is the greatest threat facing financial markets today: the propensity of national governments to tax, spend and regulate too much.

Uranium Sellers Holding Firm

By Andrew NelsonThe spot uranium market crawled along last week, with a handful of trades and a fairly small amount of product changing hands.

Australian Stock Market Report – Midday 5-13-13

The Australian sharemarket is flat after a slightly weaker start this morning. The All Ordinaries Index (XAO) is down by just 0.3pts to 5,190.8. A fall in the business conditions survey reading has been keeping stocks subdued. Last week however, the local market rose by around 1.68 per cent, making it three straight weeks of improvements.

SPX500 Forecast To Trade To Further Record Peaks

SPX500 Forecast To Trade To Record PeaksBy David Rodriguez, Quantitative StrategistSPX500 ?Retail CFD speculators are now their most short the SPX500 contract on record, and we see little choice but to take a contrarian bias to crowd sentiment and calls for fresh SPX500 highs.

Xperia S, P, Go Will Not Get Android 4.2 Update? Android 4.1 Ended Life Cycle

Sony announced Android 4.1 Jelly Bean update for Xperia S, Xperia P and Xperia Go rolling out to owners of the three handsets. The update includes several bug fixes and system improvements plus new features from the Android Jelly Bean version. Unfortunately, Xperia S, P, and Go will not go on to Android 4.2 which means their life cycle has finally ended.

Australian Stock Market Report – Afternoon 5-10-13

Friday's session largely boiled down to a tug of war between the resources and banks. As has been the case all week the miners won and financials underperformed. At face value Friday's performance appears underwhelming. The ASX200 finished with a gain of almost 8 points, having squandered an early lead of 44 points at its best levels which were seen in late morning trade. Investors appeared happy for some book squaring ahead of the weekend after the market gained 1.7% in the last 5 days.

Australian Stock Market Report – Midday 5-10-13

The main talking point in the early part of Asian trade has been the sharp rally in the US dollar as the Wall Street day was winding down. Many unilluminating rationalisations for the move have been offered, most of them turning around the US Fed's mindset towards quantitative easing. The better reading overnight in relation to the number of US unemployed claiming benefits was seen as adding credence to this view.

Sigh of Relief, No Severe El Niño in Coming Months

Countries located in the Northern Hemisphere may well heave a sigh of relief as weather forecasters from the National Oceanic and Atmospheric Administration (NOAA) said on Thursday the weather phenomenon twins El Niño and La Niña are less likely to develop through the late summer and towards the winter.

The Amusing Trade Data Out of China

What a strange world it is where global capital flees persecution by global central banks into the safety of the high priced Dow and the S&P500. Overnight, we saw another record high in the US indexes. As Dan Denning has been saying, we're in for a global melt-up in the big blue chips as capital seeks a refuge at the 'core' of the financial system.

Secret Agents Will Destroy Us All

A mood of prophecy, perhaps brought on by a large helping of osso bucco from our local Italian restaurant, came over us last night. We looked into the future. And there we saw a grim world.

The Great Game of Interest Rates and Inflation

It's taken a while, but the RBA has joined the international currency war by cutting official interest rates to an all-time low. We're not sure whether it will have the desired effect or not. Chances are we'll need further interest rate cuts to really see the dollar fall to a point where it starts to relieve pressure on various dollar sensitive industries.

Tesla Electric Model S Drives Profits in First Quarter

Tesla Motors Inc., the electric car manufacturer, has finally broken even, seeing surprisingly encouraging profits for the first quarter of 2013. This definitely has beaten expectations of poor sales which were widely expected.

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