BUSINESS

European Central Bank

Australian Stock Market Report – Morning October 21, 2013

European shares fell on Monday, trimming gains made in the previous session. German software maker SAP fell 5.8% after cutting its full-year profit outlook. The news hit the tech sector with the STOXX 600 Technology sector falling 2.4%. German sportswear firm Adidas rose 3.6% after the Wall Street Journal reported that an investor group was planning a bid to buy Adidas's Reebok unit. The FTSEurofirst 300 index lost 0.5%. The UK FTSE fell 0.7% and the German Dax lost 1.5%. And Australia's m...

Australian Stock Market Report – Afternoon October 20, 2014

Stock market
Australian stocks maintained earlier gains to close higher for the fifth consecutive trading session. Gains in excess of 1 per cent for the miners, banks, industrials, consumer discretionary and property trusts pushed the market higher. The All Ordinaries Index (XAO) improved by 0.9 per cent or 47.2pts to 5307.3.
n office worker walks past an Australian Securities Exchange (ASX) window showing the main losses for the day in central Sydney July 23, 2012. Australian shares slumped 1.7 percent on Monday, the biggest one-day fall in seven weeks, as investors fled from

Australian Stock Market Report – Midday October 20, 2014

Australian shares are improving for the fifth consecutive day, with the All Ordinaries Index (XAO) up 1 per cent or 55pts to 5314.5. All major industries are improving at lunch however global markets remain volatile and could easily change directions on news and data.
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Federal Reserve

Australian Stock Market Report – Midday October 17, 2014

Global markets finished mixed overnight with investors shrugging off earnings results from Google, Goldman Sachs and Netflix together with better than expected economic news on jobless claims and industrial production. Investors paid more attention to comments by James Bullard (non-voting member of the FOMC). He said the Fed should consider delaying the end of its stimulus program with recent sharpmarket moves and falling inflation two main reasons.
Four thousand U.S. dollars are counted out by a banker

Global Markets Overview – October 17, 2014

The Fed can't stay out of the market at the moment. St Louis President Jamie Bullard has done a complete about-face by calling for the Fed to hold off on unwinding the asset purchase program at the end of the month.
Housing

Australian Stock Market Report – Morning October 17, 2014

In US economic data, the Philadelphia Fed business activity index fell from 22.5 to 20.7 in October. Across the sub-indices new orders and prices paid lifted while employment eased. The NAHB Housing market index fell from 59 to 54 in October - the first decline in five months and suggested moderation in the pace of new construction. US industrial production rose by 1% in September, well above forecasts. Strength in mining and utilities drove the result. US jobless claims fell 23,000 to 264,000 l...
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 October 15, 2014

Having started Wednesday on the front foot, trading higher from the opening bell Australian shares consolidated early gains by finishing off the best levels of the day. The ASX 200 finished the session ahead by 38 points or 0.73%. At the best levels of the day the index was ahead by 46 points. The lows of the Wednesday were seen in opening trade when the market was down by 1 point.
The offices of JP Morgan in the Canary Wharf district of London, January 28, 2014. Police said they are investigating the "non-suspicious" death of a man who fell onto a ninth floor roof at the European headquarters of investment bank JP Morgan

Global Markets Overview – October 15, 2015

US equities remained choppy as investors juggled various factors, including a raft of key earnings. JP Morgan, Citigroup and Wells Fargo reported, with the dominant theme a pick-up in trading revenue. Earnings were mixed and didn't really give a good picture of what to expect from Q3 earnings. Earnings that enjoyed the biggest positive reaction were Citigroup and Intel. Intel reported after-market and impressed, resulting in a 2.8% rise in its shares.
Britain's Prime Minister David Cameron (L) And Finland's Prime Minister Alexander Stubb

Finnish PM Blames Apple For S&P Credit Rating Downgrade

Rating agency Standard & Poor's downgraded on Monday Finland's credit rating to AA+ from AAA over concerns that the pace of its economic growth is slower. The next day, Finnish Prime Minister Alexander Stubb blamed American tech giant Apple for the economic woes of the nation.
European Central Bank

Australian Stock Market Report – Morning October 15, 2015

European shares recovered in late trade on Tuesday, after hitting an eight-month low earlier in the session. The better earnings results out of the US and rally in US equities prompted the turnaround. Earlier concerns about euro zone growth weighed on markets. The German ZEW monthly survey of economic sentiment fell for a 10th straight month to minus 3.6, the weakest result in almost two years. The FTSEurofirst 300 index rose by 0.1% while the UK FTSE gained 0.4% and the German Dax lifted by 0.2...
Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected

Australian Stock Market Report – Afternoon October 14, 2014

Local shares posted one of their better gains of the year today with the All Ordinaries Index (XAO) rising by 1 per cent or 50.9pts to 5204. Despite the improvement, the market's downtrend remains firmly in place with losses of over 8 per cent recorded since the start of September. The next support level for the ASX 200 is around 5070.0.

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