BUSINESS

Australian Stock Market Report – Midday 6/6/2012

The Australian share market is trading relatively flat in the early session, with the main indices see-sawing between positive and negative territory. Stronger than expected GDP numbers saw the All Ordinaries Index (XAO) hit a high of 4112 points just after 11.30am AEST, but at midday in the East the market has pulled back a little. The XAO currently firmer by 8pts to 4100.4.

Russell Calls New Primary Bear Trend For US Equities

By Rudi Filapek-VandyckAs far as market indicators are concerned, they usually don't come with a long and colourful history like the Dow Theory which finds its origin in the editorials written by Charles H.
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Even Royalty Watches TV! Queen Elizabeth Grants Royal Warranty to Samsung

It's one of these days where royalty appears to be almost human as possible. It has been reported that Queen Elizabeth has granted a "royal warranty" to AV/TV manufacturer, Samsung Electromics for its TV and AV services to the royal family. This also means that Queen Elizabeth is watching TV in her private time (gasp!).

Uranium Lacked Energy In May

By Andrew NelsonThe best you can say for the global uranium market in May is; at least it was steady. Other commentators used words like flat, listless, sluggish and languishing, with the slight dip in the spot price over the last week of the month doing little to help matters.

Euro Nearing Key Up And Down Levels

FNArena has added another video to its Investors Education section on the website.In this video, ATW's Jerry Simmons once again looks at the EUR/USD, noting the euro has now gone down for 5 straight weeks, hitting a major low from 2008 today (6 June 2012 US time).

Your Editor On Switzer TV: Why ASZ And Not BHP?

FNArena Editor Rudi Filapek-Vandyck re-appeared on Switzer TV, on Sky Business, last Thursday to again explain why he has stuck with his view that resources stocks are not the best ones to own in the post-2007 era, as an investor.

The Overnight Report: Bottom Fishing

By Rudi Filapek-VandyckHaven't you heard? There's a new sport that's becoming very popular this month, it's called "looking for The Bottom" and it's catching on quite rapidly across all continents (except maybe, Antarctica).

RBA Cuts Official Cash Rate By 25bp In June

By Rudi Filapek-Vandyck, Editor FNArenaIt had been a long time since the board at the Reserve Bank of Australia met for an interest rate decision with market projections on the outcome spread over three different options: no change, a cut by 25bp and a larger cut by 50bp.

Australian Government Still Pursuing Front-of-Pack Labelling

At a meeting on Friday 1 June 2012, the Australian and New Zealand ministers responsible for food regulation noted progress was being made on their development of a front-of-pack labelling system. The move comes despite the Ministers' earlier rejection of traffic lights as a proposed front-of-pack system.

ANZ Report: Jobs Ads Shrink Again in May

Australia's borrowing costs could again be slashed on Tuesday as a new survey had indicated that companies were holding off on their hiring plans notwithstanding the vaunted mining boom relied on by the federal government as the country's economic backbone.

Australian Stock Market Report – Midday 6/4/2012

It's been a terrible start to the trading week, following big slides on US and European equity markets on Friday night. A key European manufacturing gauge came in lower than expected, sending Germany's DAX Index down 3.4pct, while a weak jobs report out of the US saw the Dow Jones index slump almost 275 points. Only 69,000 jobs were created in the US in May, versus expectations of job gains of 150,000. Locally, the Australian share market continues to be sold off with the All Ordinaries In...

Threat of Triple Financial Disaster Looms Over Global Economy

Economists warned of a triple disaster that is looming over the global economy following release over the weekend of jobs data in the U.S. and weak factory output in China. They identified the disaster as chaos in Europe, recession in the United States and slowdown of the Chinese economy.

David Jones, Myer Suffer Sales Slump

Major Australia's retailers such as David Jones and Myer continued to suffer from the weak consumer confidence. David Jones reported on Thursday a 2.9 per cent dip in sales to $399.8 million for the three months to April 28. Myer last week registered a 2.1 per cent decline in third quarter like-for-like sales.

Australian Stock Market Report – Midday 6/1/2012

The Australian share market has started the new trading month on a similarly disappointing note as May, following falls on US and European markets overnight. Concerns about the health of the Spanish financial system saw most European markets ease overnight, while weaker than expected GDP or economic growth figures out of the US saw Wall Street slump modestly. The Australian share market shed 7.5pct in the month of May making truth of the adage "Sell in May and Go Away". In early trade the ...

Is Gold's Resilience Justified?

By Kathleen Brooks, Research Director UK EMEA, FOREX.comIn comparison to other commodity classes the gold price has held up fairly well today.

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.

Westpac Forecasts 4 More Interest Rate Cuts for 2012

To address global financial concerns over the European situation as well as weakening consumer confidence in Australia, Westpac chief economist Bill Evans forecast four more overnight cash rate cuts by the Reserve Bank of Australia (RBA) in 2012.

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