BUSINESS

RBA Joins The Currency War, Sort Of

By Greg Peel"The exchange rate has been little changed at a historically high level over the past 18 months, which is unusual given the decline in export prices and interest rates during that time".

Australian Stock Market Report – Midday 5-6-13

The Australian sharemarket is higher thanks to a better than expected US jobs on Friday, however a portion of the gains were wiped out due to a weaker than forecast retail spending report. The All Ordinaries Index (XAO) is up 1.1 per cent or 54.4 pts to 5159.8. The mining sector is the standout at lunch thanks to a strong rise in commodity prices, in particular copper which jumped by 6.2 per cent.
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Techies Pick Top 5 Android Smartphones

For people deciding to replace their old Android smartphones, making a choice is now more difficult as new models are coming out one after the other with features so enticing.

Australian Stocks: What Happened Today?

By Ashley Jessen, director of LearnCFDs.com and author of CFDs Made SimpleDespite an extremely healthy lead from the US bourses overnight and an incredible day for our banking sector, our S&P/ASX 200 was unable to inspire any upside remaining flat for the day, down 0.

Australian Stock Market Report – Afternoon 5-3-13

The Australian sharemarket improved for the second consecutive week, albeit only modestly. The All Ordinaries Index (XAO) edged higher by 0.5 per cent over the five past days and finished largely flat today.

Australian Stock Market Report – Midday 5-3-13

The European Central Bank's (ECB) first rate cut in 10 months overnight is encouraging buyers on the local market for the third time this week. The All Ordinaries Index (XAO) is up 0.3 per cent, taking the gains this week to 0.76 per cent. Monthly non-farm payrolls tonight in the US will keep investors on edge for the next 10 hours. The creation of around 150,000 is now expected by the market for April.

Australian Dollar Outlook - 5-3-13

The Australian dollar has edged slightly higher overnight following the European Central Bank's decision to cut its key interest rate and the release of better US economic data.

Global Markets Overview - 5-3-13

With the FOMC and ECB meetings out of the way now, investors will be encouraged to see central banks remaining committed to stimulating the global economy. There has been increasing pressure on the ECB and BoE to join other major central banks in conducting easing measures.

Australian Stock Market Report – Morning 5-3-13

n US economic data, claims for unemployment insurance fell by 18,000 to a five-year low of 324,000. The trade deficit fell from $43.63bn to $38.83bn as a 2.8pct fall in imports outpaced a 0.9pct fall in exports. Productivity grew at a 0.7pct annual pace in the first quarter, short of forecasts for a 1.2pct gain.

Australian Stock Market Report – Afternoon 5-2-13

The Australian share market closed lower for a second session today, as weakness from US markets and a fall in commodity prices impacted sentiment. Investors were also unwilling to take on too much risk ahead of the European Central Bank meeting later tonight.

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