BUSINESS

An office worker is reflected in the window of the Australian Securities Exchange building displaying the ASX50 curve for Wednesday in central Sydney August 7, 2013. Australian shares skidded 1.3 percent on Wednesday, its biggest fall in five weeks, hit b

Australian Stock Market Report – Afternoon November 3, 2014

The Australian sharemarket has ended the session near the day's lows. The All Ordinaries Index (XAO) slipped 20pts or 0.3 per cent to 5,485. Consumer Staples were the worst performing sector dropping 1.94 per cent. Volume 1.68 billion shares traded worth $4.2 billion. 359 stocks finishes firmer, 579 ended lower and 360 closed unchanged.

Australian Stock Market Report – Midday November 3, 2014

Stocks Fall as Nasdaq Slides; Dollar Eases on Jobs Data
The Local share market has started the new trading week in a lethargic fashion with buyers and sellers scarcely making an impression one way or the other in early trade on Monday. The lack of commitment from local participants came despite resounding gains in the US at the end of last week. US share markets rose sharply on Friday with the Dow Jones and S&P 500 indexes at record highs as investors drew comfort from the Bank of Japan's move to purchase more assets. The Dow Jones rose by 195 poi...
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Global Stock Market Indices

Global Markets Overview – October 28, 2014

US earnings season continues to deliver as expected - estimates have been low. However, 79.8% of those companies that have reported have beaten earnings per share estimates, and 60.5% have beaten revenue estimates.
Housing

Australian Stock Market Report – Morning October 28, 2014

In the US, pending home sales rose by 0.3% in September after falling by 1% in August. US building permits were revised higher to a lift of 2.8% in September (previously 1.5%). The Markit "flash" service sector PMI slipped from 58.9 to 57.3 in October - the lowestresult since April.

Australian Stock Market Report – Afternoon October 27, 2014

Monday afternoon provided more encouragement for market optimists with the ASX 200 remaining in the vicinity of session highs over the second half of the day. This fact was impressive for the fact that miners moved back into the red as a group following a recovery earlier in the morning.
European Central Bank

Global Markets Overview – October 27, 2014

Global markets are focusing on Europe this morning as results from the ECB's stress tests were finally released. The results were relatively in line with expectations despite announcing an overall gross capital shortfall of €24.6 billion. This equates to around 0.2% of the region's GDP and was spread across 25 banks. Regardless, the main takeaway was the fact some banks have already embarked in some recapitalisation and this has reduced the shortfall to a mere €9.5 billion (from 13 banks...
Traders work on the floor of the New York Stock Exchange, December 11, 2008.

Australian Stock Market Report – Midday October 24, 2014

Australian shares are rising for the eighth time in nine sessions and have completely made up for yesterday's pullback. The All Ordinaries Index (XAO) is up 0.3 per cent or 19pts to 5388. If the gains are maintained this afternoon this will be the best week for local shares since mid-February.
The national flag of China flutters behind a fence of the headquarters of the National Development and Reform Commission (NDRC) in Beijing, in this July 12, 2013

Global Markets Overview – October 24, 2014

Equities bounced back strongly in a move triggered by a round of PMI prints from China and the eurozone. This eased some of the global growth concerns that had escalated recently and the gains managed to extend through US trade as earnings continued to impress. Results from Caterpillar, Microsoft and 3M were all strong, but Amazon didn't do particularly well after-market. Caterpillar is generally considered a bellwether for growth and while it's encouraging to see the company perform well,...

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