A round of positive US economic data seems to have reinvigorated the greenback, with retail sales and unemployment claims both coming in ahead of estimates.
In US economic data, retail sales rose by 0.7% in November (well ahead of expectations of 0.4%). Excluding gasoline, sales lifted by 0.9%. The gains were broad-based and confirmed a lift in discretionary spending. Core retail sales (excluding automobiles, gasoline, building material and food services) lifted by 0.6%. US jobless claims fell by 3,000 to 294,000 in the past week. US import prices fell 1.5% in November driven by a 6.9% slide in oil prices. US business inventories rose 0.2% in Octobe...
Australian shares ended the day 0.4 per cent lower by the close with some better than expected employment numbers for November helping reduce the losses. The ASX 200 Index managed to remain above 5200pts despite dipping below the key level earlier in the day.
Australian shares are falling for the third straight with the ASX 200 Index down 0.6 per cent. The creation of close to three times as many jobs last month however is helping reduce the losses. At its worst levels, the local market was down by 1.35 per cent today.
The current system with negative gearing may be benefitting the wealthy investors and making it difficult for first time house buyers.
The impact of falling oil prices is making businesses shy of taking more office space.
The AUD has not broken new ground. Having pushed down to 0.8265 after a lower-than-expected Chinese CPI print, it recovered to 0.8348 before pulling back to 0.8300 this morning.
Global markets continued to slide as oil slipped further and Greek bond yields spiked. Crude oil inventories released in the US showed a surplus of 1.5 million when the market was expecting a deficit of 2.6 million. This saw WTI slump over 4%, with oil prices trading at their lowest since mid-2009.
Women workers of CTPartners Executive Search, a leading global executive search company based in New York City, filed discrimination charges with the Equal Employment Opportunity Committee (EEOC).
The second half of Wednesday's session saw buyers make some pact on the market, taking advantage of prices that were discounted over the course of the morning. The ASX 200 bottomed out late this morning when it was down by 60 points. By the end of trade this deficit had been wound in and the index ended with a loss of 23 points or 0.45%
There is high demand for North American destinations in New Zealand.
Every country has a unique Christmas story to tell.
Air Canada Rouge will start serving some domestic routes starting spring of 2015.
Wednesday has seen sellers continue to dictate terms for the ASX 200. The market started the session with a gain of 5 points, although positive territory was a fleeting experience and within the first quarter hour the index was down by 40 points. As lunchtime neared the market showed little evidence of consolidation as it continued to make new lows. The weaker tone locally reflected a similar experience in the US and Europe overnight. European shares fell to a two-week low overnight, led down by...
Japan just launched the Hayabusa 2 on a 6-year return trip aimed to blow a hole in a distant asteroid to find clues on how Earth came about.
A day after unintentionally elevating macadamia nuts as reason for air rage, a chastised Korean Air executive resigned from her post. Cho Hyun-ah quit her job as vice president responsible for cabin service on Tuesday.
The falling oil prices are having a negative impact on not only the oil producing countries but also Australia.
The Australian Dollar has rallied off new lows as the USD and global equity markets weakened overnight.
Global jitters continued to rock sentiment, with Greece at the forefront of the issues. Greek banks were heavily sold off and led declines in European stocks.
In US economic data, wholesale inventories rose by 0.4% in October after an upwardly revised 0.4% gain in September (previously reported as a 0.3% rise). Wholesale sales lifted by 0.2% in October. An ISM industry report on the US manufacturing sector expected revenue to rise by 5.6% in 2015, with capital investment expected to lift by 3.7%.
Australian shares extended their losses this afternoon to finish near today's lows and posting the most significant falls since last Monday. The ASX 200 Index closed 1.7 per cent softer to 5282.7.
Russians are snapping up luxury brand automobiles to guard their personal wealth against the falling ruble.
Australian shares are wiping out all of yesterday's gains with the ASX 200 Index down by 1 per cent. This should come as no surprise following a 4 per cent slump in the oil price, disappointing economic news in China and Japan on Monday, the worst performance for US shares since October overnight and a credit downgrade for Italy.
Both oil producing countries and the oil importing countries keep a close eye on the commodity’s price.
Air New Zealand has helped boosted the earnings of Virgin Australia in trans-Tasman routes. The world's airline of the year is planning to add more Dreamliner jets.
More pressure for the Australian Dollar as China, Australia's largest trade partner, showed a surprise fall in imports, pushing the trade surplus to a record USD 54.47 billion and oil prices continued to slide.
Gains from Friday's jobs numbers were short lived as renewed global growth concerns and declining oil prices came back to haunt global markets. Yesterday's disappointing Japan GDP and China trade balance set off the global growth alarm bells once again.
In US economic data, the employment trends index rose from 122.8 to 123.24 in November.
It includes gifts such as delicious food, classic novels and a variety of fragrances for men and women.
It includes gifts such as a Swatch Watch and a compact makeup palette from Avon.
