Equities extended their losses overnight with sentiment remaining subdued as European concerns resurfaced. Peripheral bond yields spiked in Europe with investors going defensive and favouring German bunds. US 10-year treasuries rallied to 2.5% as investors continued to flee risk. The carnage in the small cap space also continued with the Russell index extending its losses to contractionary territory. Even a drop below 300,000 for the first time since mid-2007 in unemployment claims to 297,000 wa...
n US economic data, consumer prices rose by 0.3% in May. Food prices lifted for the fourth consecutive months, coupled with a lift in gasoline prices. Prices were up 2% over the year. Excluding volatile food and energy, cosnumer prices increased by 0.2% in April to be up 1.8% over the year. US initial jobless claims fell by 24,000 to 297,000 - a seven year low. US industrial production fell 0.6% after lifting by 0.9% in March.
Despite a $30-billion forecast budget deficit for 2014-15, rating agency Moody's kept Australia's AAA credit rating this week. It also said that compared to other nations with the same tripe A rating, Canberra's growth outlook is still favourable.
The ASX 200 saw a day of consolidation on Thursday ending the session higher by 14 points having seen a 25 point deficit at the lows of the day. There is little on the calendar that is likely to have a lasting impact on the markets until Fed Chair Yellen speaks later tonight local time. Ms Yellen is expected to stick to the recent script which has described, the ongoing slack in the labour market that will require monetary policy to remain accommodative even as the US economic recovery gathers m...
The search for the missing MH370 might be forgotten soon as companies are now more interested to market new plane tracking services and MAS now focusing in winning customers back in flying with them again
Flappy Bird Developer Dong Nguyen has announced plans of relaunching a sequel to the game on Apple's iOS App Store in August.
Beer drinkers have another drink to toast with the revelation of the fan-selected "Game of Thrones" inspired beer named Valar Morghullis. Meaning "all men must die" in the fictional language of Valyrian, the beer will come in 25.4 ounces draft and corked bottles come fall at the price of $8.50.
Android fans may not have to wait too long for the much awaited update, Android 4.4.3 KitKat. The OS update seems imminent after the new evidence emerged, hinting at the possibility of its release in near future. Google is now dropping slight hints and some keen observers and enthusiasts have been quick in picking up those clues. Recently released promo video of a new Motorola device, Moto E cites a reference of the Android upgrade.
The Australian sharemarket is a touch softer at lunch, with the mining and energy sectors helping minimise losses. Weakness in U.S. markets for the first time in six sessions and a pullback from six-year highs in Europe have given us a negative lead locally.
Apple Inc's rumoured $3.2 billion deal with Beats Electronics has analysts speculating about what it would mean for the Cupertino-based company's future products. Although nothing has been confirmed yet, reports have surfaced that Apple is wooing Beats to add to both of the companies' retail and streaming music services.
US equities finally pulled back from record highs, while bonds gained resulting in US treasury yields dropping around seven basis points to their lowest level in six months. Losses in the US were mainly pinned on renewed weakness in the small caps, which encouraged some profit taking across equities. When equities are at record highs, any source of concern generally triggers profit-taking.
In US economic data, producer prices rose by 0.6% in April, the largest increase in 18 months. Prices were up 2.1% over the year to April. Food prices surged by 2.7% in April pushed up by higher meat prices, which recorded their largest increase in 11 years. Producer prices excluding volatile food and energy costs increased by 0.5% in April to be up 1.9% over the year.
The Android app for Gmail has recently crossed a whopping one billion downloads on Google Play.
A transformer explosion that caused a fire in a coal mine in western Turkey on Wednesday killed at least 201 workers. The accident is considered one of the worst mining disasters in the country's history.
The Australian share market closed flat a day after Treasurer Joe Hockey delivered the Federal Budget. The All Ordinaries Index (XAO) moved just 0.5 of a point higher to finish at 5475.9 points.
Lex Machina study lists Apple Inc. as number one most sued company
BlackBerry Ltd launches Z3 in Indonesia in its effort to reclaim dominance in the emerging markets
AT&T Inc. is at the forefront of acquiring satellite TV provider DirecTV for $50 billion possibly in the next two weeks.
Despite the service blocks, social networking giant Facebook is getting ready to take a dip into the mainland China.
The Australian sharemarket is down modestly after yesterday's impressive surge. The All Ordinaries Index (XAO) is down 0.3 per cent at lunch; however this has less to do with last night's Federal Budget and more to do with weakness from the banks.
Last night was always going to be interesting as the 'new fiscal drag' was unveiled. The budget is a great big political beast, and putting the political issues to one side and looking at the budget from a purely market perspective, the ASX as a whole is likely to be breathing easier this morning.
Apple Inc reigns supreme in Samsung's home turf in South Korea with the iPhone 5S leading in smartphone satisfaction rankings. South Korean marketing firm Marketing Insight has tracked users' satisfaction based on a variety of factors.
Apple Inc has been accused of stealing artwork from an artist in New York City. According to New York Daily News, artist James de la Vega has sent a cease- and-desist letter to Apple involving the company's use of a slogan he allegedly trademarked.
In US economic data, retail sales rose by 0.1% in April, short of forecasts tipping a 0.4% gain. But March data was revised higher. Excluding autos, sales were flat, down on forecasts tipping a 0.6% gain. Import prices fell 0.4% in April with export prices down 1.0%. Both results were softer than expected
The Shangri-La Hotel in the Shard, London, may be the tallest tower in the British capital city, but it offers more than just impressive views of London but also what other hotel guests are doing.
In the past four decades, pilots were never included in job cuts made by Australian flag carrier Qantas, even if some of them joined recent strikes. However, in the latest version of the Flying Roo's cost-cutting measures that would axe 5,000 jobs spread over three years, the aviators are no longer safe.
The Australian share market enjoyed a solid gain today, ahead of the release of the 2014 Federal Budget. Our market took its cue from record highs on Wall Street overnight, with the All Ordinaries Index (XAO) adding 0.9 per cent or 46.4 points to 5475.4 points.
Samsung's growth in the smartphone and tablet arena is both impressive but commendable.
Analyst from Morgan Stanley predicts sales of iPhone 6 to exceed sales of iPhone 5s
Much like Monday's session the ASX 200 started with a flourish this morning. Every sector started with gains although property stocks were the exception. The contrast with the previous session was the improved volume with well over a billion dollars in shares exchanged in the initial hour of trade.
