Australia's New South Wales and Queensland could make a comeback in the second half if benchmark rates remain at their current levels, the June report of CommSec State of States said on Monday.
Christine Gaylican
Jul 18, 2011
MIDDAY REPORT
(12.35pm AEST)The local share market has defied Wall Street's positive Friday finish and started the trading week slightly lower. At lunchtime in the East, the All Ordinaries Index (XAO) is down 8.6pts or 0.2pct to 4534.1.Energy players are under the most pressure, despite a rise in the crude oil price. Oil is hovering around US$97.57 a barrel, thanks to a firmer US dollar and generally favourable stress tests results on European banks.
Christine Gaylican
Jul 18, 2011
MORNING REPORT
(7am AEST)US industrial production rose by 0.2pct in June, in line with forecasts. Consumer prices (CPI) fell by 0.2pct in June, weaker than the -0.1pct consensus forecast. But excluding food and energy (core prices) the CPI rose by 0.3pct, slightly ahead of market forecasts. And consumer sentiment slumped from 71.5 to a 2-year low of 63.8 in July.
Christine Gaylican
Jul 18, 2011
AFTERNOON REPORT (4.30pm AEST)Debt concerns in the US and Europe once again rattled local investors, with the Australian share market ending the trading week in the red. Ratings agency Standard & Poor´s today warned there is a one-in-two chance it could cut the United States´ prized triple-A rating if a deal on raising the government´s debt ceiling is not agreed soon. The deadline for the agreement is August 2nd. The All Ordinaries Index (XAO) fell 18.6pts or 0.4pct to 4542.7 while the S&P/A...
Christine Gaylican
Jul 15, 2011
MIDDAY REPORT
(12pm AEST)Australian stocks have started the last trading day of the week in the red, on continued investor concern about US and European economic woes. Ratings agency Standard & Poor´s has this morning warned there is a one-in-two chance it could cut the United States´ prized triple-A rating if a deal on raising the government´s debt ceiling is not agreed soon. The deadline for the agreement is August 2nd. At lunchtime in the East, the All Ordinaries Index (XAO) is down 15.2...
Christine Gaylican
Jul 15, 2011
MARKET CLOSE--
(4.30pm AEST)The Australian sharemarket was lower in the first half of the day; however our fortunes changed for the better following solid economic numbers out of China today. The ASX 200 index (XJO) rose 0.40 pct or 19.4 pts to 4514.8 while the broader All Ordinaries index (XAO) gained 0.40 pct or 19.7 pts to 4583.2.
Christine Gaylican
Jul 13, 2011
Australia's reforms to improve on the retirement savings of citizens are still hanging and waiting to be addressed, according to the industry group Association of Financial Advisers (AFA) after meeting with government authorities
Christine Gaylican
Jul 13, 2011
MARKET CLOSE--Commonwealth Securities
(4.30pm AEST)The Australian sharemarket extended its falls in the second half of trade today, with the ASX 200 index (XJO) down 1.9 pct or 86.9 pts to 4495.4 while the broader All Ordinaries index (XAO) slumped by 1.8 pct or 83.3 pts to 4563.5. Almost all regions of the market ended lower with the exception of the coal producers.
Christine Gaylican
Jul 12, 2011
The National Australia Bank has slashed down its economic growth forecasts for the country based on its latest survey that shows very slight increases in domestic sectors in Australia for the last six months.
Christine Gaylican
Jul 12, 2011
MIDDAY REPORT-Commonwealth Securities (CommSec)
(12.00pm AEST)The Australian sharemarket is pulling back for the second straight day, with the All Ordinaries index (XAO) down 1.4 pct or 65.5 pts to 4581.3. Almost all sectors are currently trading in the red with the miners down in the order of 1.5 pct.
Christine Gaylican
Jul 12, 2011
Beleaguered and undaunted, Australia's Prime Minister Julia Gillard had begun her final push for the carbon tax deemed necessary for the environment but would be costly for the domestic economy. There is no turning back for Ms Gillard determined to put a carbon emissions scheme in place no matter what the odds.
Christine Gaylican
Jul 12, 2011
MARKET CLOSE-CommSec
(4.30pm AEST)It was a less than desirable start to the week for equities, with the ASX 200 index (XJO) falling 1.6 pct or 72.4 pts to 4582.3 while the broader All Ordinaries index (XAO) has dropped 1.5 pct or 69.2 pts to 4646.8. Almost all market segments ended in lower territory by the close of business.
Christine Gaylican
Jul 11, 2011
COMMSEC MORNING REPORT
(7am AEST)US same store sales rose by 6.5pct in June - well ahead of expectations for a 4.9pct rise. Of the 23 chain stores tracked by Thomson Reuters all but four of the chains reported an increase. The ICSC expects sales to rise by 4.5-5.5pct in July.
Christine Gaylican
Jul 08, 2011
MARKET CLOSE - CommSec Report
(4.30pm AEST)The Australian sharemarket has managed to end higher by the most modest of margins for the third time this week despite being around 0.4 pct lower at one point this morning.
Christine Gaylican
Jul 07, 2011
National jobs figures released by the Australian Bureau of Statistics today revealed a significant rebound in the employment market, confirming the underlying strength of the Australian economy.
Sharon Olalia
Jul 07, 2011
The Australian sharemarket is improving after a slow start to trade, following a solid employment report this morning. The All Ordinaries index (XAO) is currently flat. Almost all sectors are trading slightly lower at lunch however.
Christine Gaylican
Jul 07, 2011
The Australian government has mellowed down its carbon tax policy that would not be too much of a burden to small and medium enterprises. Industries affected by the carbon price had been reduced to 500 from the previous 1000, the government said.
Christine Gaylican
Jul 07, 2011
Australia's mining boom strengthened the country's trade surplus that has hit a seven-month high to A$2.33 billion ($2.5 billion), from a revised A$1.62 billion surplus in April, the Bureau of Statistics said in a report in Sydney on Tuesday.
Christine Gaylican
Jul 05, 2011
Australia’s consumer inflation rates remained flat in June that may reduce the pressure on the central bank to increase benchmark interest rates in the near term, according to the private-sector led survey by TD Securities and the Melbourne Institute.
Christine Gaylican
Jul 04, 2011
The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.
Christine Gaylican
Jul 04, 2011
Investors at the Australian Stock Market is expected to rebound albeit cautiously at today's trading. Here are the views of two of the top market analysts on how the market will likely perform on 4 July, Monday.
Christine Gaylican
Jul 04, 2011
From IG Markets Analyst Ben Potter:On Wall Street overnight, stock finished the quarter and end of the first half in bullish fashion, logging its fourth consecutive gain as Greece passed a second crucial vote on the implementation of the latest austerity package and a much stronger-than-expected Chicago PMI number.
Christine Gaylican
Jul 01, 2011
Small business support for the Australian Government has fallen to a 15-year low, according to the Sensis Business Index released today. SMEs have become much less supportive of the Federal Government’s policies, with the indicator declining sharply during the quarter to be the lowest level since February 1996.
Sharon Olalia
Jun 30, 2011
Australia still needs to spur its campaign to urge citizens to prepare for retirement, a new research done by Roy Morgan said in order to achieve a 90 percent average confirming plans for the said years.
Christine Gaylican
Jun 28, 2011
At lunch the Australian share market is having a much better day, with the All Ordinaries index (XAO) around 0.4 pct or 19.7 pts higher to 4533.5. Close to all sectors are higher, with gains from the banks and miners helping to keep the market in positive territory.
Christine Gaylican
Jun 28, 2011
The Australian stock market is seen receiving a little shove from the negative leads over volatile overnight sessions in the US and European stock markets. The ASX is seen performing modestly on Friday.
Christine Gaylican
Jun 24, 2011
Australian men are overweight, have a higher risk of cancer, prone to illicit drug use, injury, and smoking and have a shorter life expectancy that women but don't expect them to see a doctor about it, at least according to a recent study by the Australian Institute of Health and Welfare.
ranina sanglap
Jun 14, 2011
The Australian Competition and Consumer Commission commenced legal action against the company for unconscionable conduct, after failing to inform customers that the business is insolvent and under administration. The ACCC wants the federal court to stop the Sydney-based firm from continuing its business.
Carlo Fernandez
Jun 09, 2011
Researchers have developed a technique that can warn patients if they will suffer from Alzheimer's at least ten years before the symptoms manifest.
ranina sanglap
Jun 09, 2011
Australians may be swimming in debt but that doesn't mean they're worried about it. A recent survey from insurance provider Genworth found that although most Australian home owners are among the most indebted in the world they have no problems borrowing more than their means.
ranina sanglap
Jun 09, 2011
