BUSINESS

Australian Stock Market Report – Afternoon 3-22-13

The Australian sharemarket managed to improve modestly for the first time this week, with the All Ordinaries Index (XAO) rising by just 0.1 per cent. Despite the gains, local shares slumped by 2.9 per cent over the past five sessions. Weakness from the miners continues to be a drag on trade, with iron ore prices slumping by around 15 per cent in just a month. The moves by BHP Billiton, Rio Tinto and Fortescue are quite closely correlated to iron ore price moves in general.
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Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Blame The Federal Reserve, not the Human Heart

Americans today live like there's no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won't.

China Manufacturing Slowely Rebounds in March after Feb’s Plunge

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The Global Recovery Is Really Underway

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Australian Stock Market Report – Afternoon 3-21-13

Despite creeping into positive territory at times, the Australian market fell once again, with the All Ordinaries Index slipping 0.1 per cent to 4976.8. So far, this has been the biggest weekly pullback for the local market in 10 months, when the All Ords lost 5.62 per cent in just five days.

A Weak Signal for the Iron Ore Market

The market may be 'primed' for a fall from a technical or charting perspective, but yesterday's move was, not surprisingly, driven by central banks. Although this time Ben Bernanke wasn't involved...not directly anyway.

Due for an Aussie dollar/Japanese Yen Pullback

It's going to be an incredibly interesting week in Australia. The same 'periphery to the core' dynamic could apply here, internally. That is, you could see even more money move into high-yielding bank stocks and out of the riskier corners of the market. This would confirm recent trends.

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Drug Giant AstraZeneca to Slash 1,600 Jobs

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China Sees Home Prices Climb in February

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