In US economic data new claims for unemployment insurance (jobless claims) fell by 11,000 to 304,000 in the latest week. Wholesale sales rose by 0.7% in May, in line with forecasts, while inventories rose by 0.5%.
After a solid night in US Aussie market lifted from the open of trade and by the close ended higher. The All ordinaries Index added 12.1points to 5454.3 points with most sectors closing higher.
After a solid rebound in the US overnight - helped by positive commentary from the Federal Reserve the Aussie market has opened higher before falling back at noon. After the Federal Reserve stated in its minutes from the last FOMC meeting, that it plans to end its current stimulus program in October 2014. The Dow Jones up nearly 80pts and the NASDAQ up just under 30pts.
Pope Francis has reshuffled the leadership of scandal-riddled Vatican Bank and has named Jean-Baptiste de Franssu, the former head of Invesco Ltd.'s European business, to lead it.
There is no clear investor-education authority insofar as investor education is concerned, a new survey by the CFA Institute showed. Among seven information sources listed in the poll, books, magazines and online media emerged as the top choice, garnering 37 per cent of the responses.
British Web site Daily Mail has issued an apology statement to American Actor George Clooney after he slammed the tabloid for false fiancée story via an op-ed.
The FOMC minutes have provided further reason for the market to grind higher. There was nothing that really broke with the current policy settings, however the discussions from the minutes had some very interesting revelations, with the most interesting of those coming from the 'exit strategy' of the asset purchase program
The US Federal Reserve FOMC minutes from its June 17-18 meeting were released. The Fed began detailing how it plans to ease the US economy out of an era of loose monetary policy. The minutes showed that Fed participants ´´generally agreed´´ that its monthly bond purchases would end in October. There was also discussion about the central banks current policy of reinvesting its $4.2 trillion in asset holdings as the securities mature. Policymakers debated how to reduce those holdings without disru...
Sellers continued to make an impression on the local share market on Wednesday. At the best levels of the day the ASX 200 was down by 10 points; at the lows of the session the index had shed 71 points; at the closing bell the market was down 58 points or a shade over 1%. In broader term the market remains above the 5400 mark at 5452.0. This point is worth keeping in mind. It was only several weeks ago that the market was having a lot of trouble sustaining itself in the area below 5400 for the in...
Apple Inc hired engineers from Nike FuelBand to join its iWatch team
The Australian sharemarket is losing ground for the third consecutive day, following the worst session in a fortnight for U.S. markets. The All Ordinaries Index (XAO) is down 0.9 per cent; the biggest daily slide in over a week.
A survey of 680 high net-worth individuals in the U.S. with $3 million or more in investable assets found that the changing family structures, multi-generational and extended family circumstances, evolving gender roles, and generational views on investing and use of wealth are challenging traditional approaches to wealth planning.
Typhoon Neoguri, weakened from an original super typhoon category, has killed at least two people, forced the cancellation of hundreds of flights and has cut the supply of electricity and water to the people of Japan.
American talk show host Ellen DeGeneres is $15 million richer after she sold her modernist Brody mansion in Los Angeles Westside to Napster co-founder Sean Parker in an off-market deal for a staggering $55 million.
Fundamentals are the new reasoning for caution as commentators are pointing to overvaluations, astronomical multiple expansion and the earnings unable to match price.
In US economic data, consumer credit rose by $19.6 billion in May - in line with expectations. US Minneapolis Fed President Kocherlakota (voter, dove) spoke overnight, saying that the improvement in the unemployment rate overstates the degree of healing in the labour market. In addition he stated that it was more likely inflation would come in below the Fed´s 2% target over the next year than above it.
Apple Inc.'s iPhone 5S is the world's number 1 smartphone in the first quarter of 2014, beating Samsung in the latest report of ABI Research. According to the research firm, Apple and Samsung dominated the rankings for the Top 5 which comes as no surprise since both companies take a bigger piece of pie in terms of market share.
Visiting Japanese Prime Minister Shinzo Abe signed on Tuesday a free trade agreement with Australia, which opens Japan's $5 trillion market to the Land Down Under.
The ASX 200 traded in a range of 20 points over the course of Tuesday. In the first hour of trade the ASX 200 was at its best and worst levels when it was up by 1p and down by 19 points. There after the index battled to move higher;on several occasions it tried to surmount the 5515 level where it failed on the 3rd occasion, before ending at with a loss of 8 points at 5510.
The Reserve Bank of New Zealand (RBNZ) deputy governor and operations head, Geoff Bascand, said digital currencies may one day replace cash. In his recent speech before the Royal Numismatic Society in Wellington, he described digital currencies like Bitcoin as a challenge to the form and use of money.
The state of health of a woman during pregnancy very much determines the size of her newborn baby.
The Australian sharemarket is falling for the second day, with sluggish performances offshore last night not helping. The All Ordinaries Index is down 0.1 per cent and is flirting with the key 5500pt mark.
The stocks of major supplier for Apple are moving faster that the stock of Apple itself as iPhone 6 release date nears
HIV home-testing kits, similar to the pregnancy tests, will soon be made available in Australia after the federal government lifted a ban restricting their manufacture and sale.
Enterprises are excited at the advent of Internet of Things (IoT) as a big business opportunity. This is amid concerns about devices proliferating and network capacity and security becoming unwieldy in matching the growing number of end points from connectedness.
The Japan Meteorological Agency has issued what could be its highest alert to warn residents of Okinawa and the rest of the country to relocate to higher grounds in anticipation of massive wind damages and localized flooding brought by super typhoon Neoguri.
At least three people have died, among them a newborn boy, after a strong 6.9-magnitude shook the border between Guatemala and Mexico on Monday. The temblor injured 32 others, damaged dozens of buildings, toppled down power lines as well as triggered landslides.
It's been 109 trading days since the S&P futures has had a pull-back of 5% or more and on current trend, is it unlikely abate anytime soon.
In US economic data, the Employment Trends index rose from 119.03 to 119.62 in June. In European economic data, German production fell by 1.8% in May, the biggest reduction in two years and well below market expectations.
It was an uneventful start to the trading week, with the Australian market closing largely flat. The All Ordinaries index (XAO) eased by just 0.1 per cent or 5.5pts while still remaining above the key 5500pt level. The Independence Day holiday in the U.S. on Friday and the subsequent closure of American markets provided local stocks no lead today.
