UK-based software application provider App-DNA has established a new regional office in Sydney, NSW, and a research and development centre in Perth, WA, to take advantage of the opportunities available in the Australian market.
FNArena has added another video to its Investors Education section on the website.ATW's Jerry Simmons gives a rare insight into his weekly wrap sessions for market traders. Underlying theme is the USD should be closely watched for financial markets' direction, while the underlying trend for US equities appears to be down (short and medium term). Total duration of this educational broadcast is 53 m...
By Jamie SaetteleNear term, beware of a sharp decline that drops below 9562 prior to the next leg higher. 9350 (61.8% retracement) should be strong support. “This breakout should be respected as per the measured level that intersects with the top of channel resistance in July. The Fibonacci objective is 11660. This bullish breakout scenario is valid as long as price is above 8736.”The ...
Australia's GDP rose by 0.7% in Q4, marginally below expectations. The next release for Q1is widely expected to be flat, given the impact of widespread flooding throughout the summer.
By Greg PeelThe Dow closed up 8 points or 0.1% while the S&P added 0.2% to 1308 and the Nasdaq gained 0.4%.It was a case of ups and downs on the newsflow for Wall Street last night as the buyers and sellers fought hard to stay either side of the flatline. Ahead of the opening bell the ADP private sector jobs report was released for February and showed an increase of 217,000 jobs compared to consen...
The Australian Dollar had a mixed day's trade onshore during Asia yesterday with a better than anticipated 0.4% increase in retail sales initially pushing the Aussie to very briefly test 1.0200.
The Australian sharemarket closed lower as tensions in the Middle East continued to rattle markets and spike up oil prices. The benchmark S&P/ASX200 index fell 23.2 points, or 0.48 per cent, to 4,803.2 points, while the broader All Ordinaries index was down 22.1 points, or 0.45 per cent at 4898.3.
According to the US Federal Reserve´s Beige book, economic activity continued to grow at a moderate pace in January and early February. The report also noted that retail sales increased in all 12 regional bank districts in early 2011, while some retailers had already raised prices or intend to do so in the next few months.
- Imdex a provider of drilling products and services - Reported strong interim earnings - Moelis rates stock a Buy - Upside potential from further increases in exploration spendingBy Chris ShawWestern Australian-based Imdex ((IMD)) provides drilling products and services to the minerals and oil and gas industries both in Australia and overseas, in particular supplying drilling fluids and down-hole...
Metcash shares eased yesterday to an eight month low yesterday after the company cut its 2011 full year profit forecast in half.Metcash said underlying earnings growth is now expected to be in the range of 3% to 5% - down from the previously forecast 6%-8%.The group joined its bigger rival Woolworths in cutting its earnings guidance for the full year.Woolies new guidance is for earnings growth of ...
The Lowy Family's hold on Westfield Group was eased a touch yesterday with David Lowy stepping down (along with long time director, David Gonski), and 80 year old co-founder frank Lowy stepping back to be a non-executive chairman.The news, conveyed to the market in this announcement had little impact on the securities of Westfield Group; they closed down 7c at $9.57 in a market that was weake...
Leighton Holdings Ltd (ASX: LEI) subsidiary John Holland, in an alliance with GHD and the Public Transport Authority (PTA), has been appointed to deliver the $360 million Perth City Link rail project in the Perth CBD. John Holland expects revenues of $310 million from its share in the alliance.
- Outsourcing and recruitment company Chandler Macleod delivered a standout interim profit result - Further growth expected - Stockbroker Moelis rates stock a BuyBy Chris ShawChandler Macleod is a human resources outsourcing and recruitment company that operates on both the recruiting and contracting sides of the blue-collar, office support, technical IT, health professional and executive markets....
The Australian Dollar has opened lower today after a weak night in US equities driven by renewed concern about the price of oil with a 4% rise in WTI and Brent oil.
The Australian Dollar had a mixed day's trade onshore during Asia yesterday with a better than anticipated 0.4% increase in retail sales initially pushing the Aussie to very briefly test 1.0200. Markets then proceeded to gravitate down from this high and further ground was lost in the afternoon off the back of the RBA's interest rate statement.
U.S. stocks fell hard Tuesday as oil approached $100 a barrel and Federal Reserve Chairman Ben Bernanke said rising energy prices could dent the recovery. The Dow Jones Industrial Average fell 147.04 points, or 1.2%, to 12,078.30, with 24 of its 30 components in the red.
US ISM manufacturing rose from 60.8 to 61.4 in January - marking the highest reading in seven years. The new orders sub component also hit a seven year high. The employment sub index rose to its highest reading since 1973.
By Alexander Green, Chief Investment Strategist Monday, February 28, 2011: Issue #1458Two weeks ago, I spoke at The World Money Show in Orlando – one of the largest investment conferences in the country. More than 11,000 investors registered to attend. (Unfortunately, the conference room was far too small. It filled up half an hour before I spoke and we ended up turning away a couple of hund...
By Greg PeelThe Dow fell 168 points or 1.4% while the S&P lost 1.6% to 1306 and the Nasdaq lost 1.6%.The Madman of Tripoli will not go easily as hoped, and reports suggest Gaddafi's forces have regained control of oil terminals east of the capital. The UN is now applying sanctions and the US has frozen US$30bn in Libyan assets, but resolution, it appears, will not be as swift as that in Egypt.Mean...
Sales from Australia's commodity exports are seen growing to $255 billion in the next 12 months to be driven by growing world demand, a report of the Bureau of Agricultural & Resource Economics & Sciences (ABARES) said today.
- GDP up 0.7% qoq and 2.7% yoy in line with consensus- Mixed result suggests offsetting weakness in Q1- No reason for RBA to move until the second halfBy Greg PeelAustralia's gross domestic product grew by 0.7% in the December quarter over the September quarter and 2.7% over the December quarter 2009. The result represents a solid increase on the September quarter growth rate of 0.1% (revised down...
No rate rise from the Reserve Bank yesterday and no concern, yet about the outlook.A sort of steady as she goes statement from the Governor Glenn Stevens after the board meeting.The impact of the Queensland and Victorian floods, plus Cyclone Yasi seems not to be as big a fear as it was a month ago.Mr Stevens said, "The effects of the natural disasters over the summer have reduced output, but produ...
Australian commuters' daily stress maybe prolonged as production of the commuter trains set to be launched in a month is still hounded by setbacks left and right.
Sales from Australia's commodity exports are seen growing to $255 billion in the next 12 months to be driven by growing world demand, a report of the Bureau of Agricultural & Resource Economics & Sciences (ABARES) said today.
The Australian stock market has indefinitely been derailed by its new system, prompting officers to close the market earlier today.
Leighton Holdings Ltd (ASX: LEI), one of Australia’s leading contracting and project development groups, says its subsidiary Leighton Contractors has been awarded a three-year contract extension valued at approximately $225 million by BHP Mitsui Coal Pty Ltd (BMC) to continue contract mining services at the Poitrel mine.
Origin Energy Ltd (ASX: ORG) had completed the acquisition of the Integral Energy and Country Energy retail businesses from the NSW State-owned energy network businesses and entered into binding GenTrader arrangements with Eraring Energy.
The Reserve Bank of Australia board has decided to leave the cash rate unchanged at 4.75 per cent at its monthly meeting today.
Manufacturing in Australia was back in growth territory in February with the seasonally adjusted Australian Industry Group -PwC Australian Performance of Manufacturing Index ( PMI) rising 4.4 points to 51.1.
Official figures released today by the Australian Bureau of Statistics revealed an improvement in retail trade in January. However, Australia's current account deficit has worsened.
