BUSINESS

Australian Stock Market Report – Afternoon July 18, 2014

The site of a Malaysia Airlines Boeing 777 plane crash
After a trying and emotional night in the US on the back of the crash of Malaysia Airlines flight MH17 and escalated international tensions in the Middle East, Malaysia Airlines is currently down 11% as investors come to grips with the news. Malaysia Airlines is majority owned by the Malaysian government holding company Khazanah Nasional Bhd. who told the market in the early session that MH17 B777-200 had a ´clean maintenance record´. Concerns about the ramifications of the incident sent the VIX...
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A part of the wreckage of a Malaysia Airlines Boeing 777

Global Markets Overview - July 18, 2014

The horrible news that 295 passengers on a Malaysian Airlines flight have been killed over the Ukrainian/Russian border is a sharp reminder that current geopolitical tensions in that region are at knife point and this will be a flash point to tip it over.
Manufacturing

Australian Stock Market Report – Morning July 18, 2014

The Philadelphia Fed´s manufacturing index rose from +17.8 to +23.9 in July, well ahead of forecasts (+16.0). The index has been particularly strong in the past four months. Across the subindices new orders, shipments, employment all recorded healthy gains. US jobless claims fell by 3,000 to a seasonally adjusted 302,000 last week.
A boy hugs a tree as he takes cover after strong winds brought by Typhoon Rammasun, locally called Glenda, battered the capital, metro Manila July 16, 2014. Philippine authorities evacuated almost 150,000 people from their homes and shuttered financial

In Photos, Typhoon Rammasun Blasts the Philippines

Typhoon Rammasun, now on its way to strike southern China and northern Vietnam, forced over 400,000 people in the Philippines to evacuate and seek higher and safer grounds on Tuesday till Wednesday.
An employee of the Tokyo Stock Exchange (TSE) places his hand next to the TSE logo at the bourse in Tokyo

Australian Stock Market Report – Midday July 17, 2014

A nice start for the Australian market, at the open of trade the ASX 200 hit a 6 year high of 5559.4 points the highest level since June the 10th 2008. Today the early volumes on the market were also solid and by lunch time the All Ordinaries Index was at 5,528.9 points.
Janet Yellen

Australian Stock Market Report – Morning July 17, 2014

The US Federal Reserve chair, Janet Yellen, has expressed optimism on the economy: ´´I am optimistic about the economy and that´s reflected in the forecasts that are included in the monetary policy report.´´ Further, she noted: ´´...I do think the economy is recovering and that growth is picking up and that we have sufficient growth to support continued improvement in the labour market.´´
Tony Abbott at New York Stock Exchange

Australian Stock Market Report – Afternoon July 16, 2014

The Aussie market came under pressure within 30 minutes of the start of trade today, then thanks to a late surge, local shares higher for the second time this week. The All Ordinaries Index closed up 0.16% or 8.8pts higher; closing above 5,500 points for first time in a week.
Stock Market

Australian Stock Market Report –Afternoon July 15, 2014

The Australian market struggled to hold on to early gains as the banks and mining stocks came under heavy selling. The All Ordinaries Index added 12points at the start of trade then by lunchtime the market had fallen into the red. But in the last 20 minutes of trade today the markets regained ground and finished only 1 point weaker. Our market basically pushed aside the gains from the US markets and the excitement from the better than expected result from Citi Group throughout the day.
Asian stock market

Australian Stock Market Report – Midday July 15, 2014

After a solid night on European and US markets, the Australian market opened higher this morning. But not by as much as the SPI futures index had expected. The All Ordinaries Index added 12points at the start of trade rose to an 20 point gain but by lunch the market fell away and was down 11pts
Citibank

Australian Stock Market Report – Morning July 15, 2014

European shares rose on Monday. Shares in Citigroup rose after releasing solid earnings figures. And fears about the health of the Portuguese banking system continued to ease. The FTSEurofirst 300 index rose by 0.8% with the German Dax higher by 1.2% while the UK FTSE gained 0.8%. Australia´s major miners were higher in London trade with shares in BHP Billiton up by 1.6% while Rio Tinto lifted by 1.2%.
A trader watches a monitor displaying stocks on the floor of the New York Stock Exchange February 4, 2010.

Australian Stock Market Report – Afternoon July 14, 2014

The Australian market closed the first day of the trading week on a high, with the All Ordinaries opened up 16pts higher at the beginning of the session and by the close the markets had added 21.2pts and the ASX 200 up 24.6pts to 5,511.4pts.
Radio broadcast

Job Cuts in Radio Australia, Fairfax Radio Value Reduced by 50%

It is a sad day for the mainstream radio industry in Australia on Monday, July 14, as Radio Australia anticipates major job cuts. However, this fact-of-life among employees of being axed during hard times could be an opportunity for broadcasters to try new platforms to continue with their careers.
Asian stock market

Australian Stock Market Report – Midday July 14, 2014

The Australian market started the week's trade in positive territory after the US and European markets closed higher on Friday. The All Ordinaries opened up 16pts higher at the beginning of the session and by lunchtime the markets had added 28.6pts to 5,503pts.
Banco Espirito Santo

Australian Stock Market Report – Morning July 14, 2014

In US economic data the Federal Budget was in surplus by US$71 billion in June, below forecasts of an US$80 billion surplus. The weekly Economic Cycle Research Institute Leading index was up 4.4% on a year ago, up from 4.3% in the previous week.

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