MARKETS

Paramedics remove an injured woman on a stretcher from the Lindt cafe, where hostages were being held, at Martin Place in central Sydney December 16, 2014. Australian security forces on Tuesday stormed the Sydney cafe where several hostages were being hel

Australian Dollar Outlook – December 16, 2014

The Sydney siege ends in tragic circumstances in the early hours of this morning with a sad loss of life for some innocent people. Market moves in Australia remain dominated by global events.

Global Markets Overview – December 16, 2014

An oil field is seen at sunrise near Bakersfield, California October 14, 2014. Brent crude hit a new four-year low on Wednesday before recovering to just under $85 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply.
Equities tapered off in the US and tracked weakness seen in Asian and European trade. Turmoil in the energy space continued to cloud positive developments on the US economic data front.

Australian Stock Market Report – Morning December 16, 2014

A man carries an umbrella in the rain as he passes the New York Stock Exchange October 16, 2014. Stocks on Wall Street rebounded from earlier lows on Thursday to trade little changed as a flurry of economic reports helped ease fears a weakening global eco
In US economic data, industrial production rose by 1.3% in November after advancing by 0.1% in October - marking the largest rise since May 2010. Capacity utilisation rose from 79.3 to 80.1 - the highest reading since March. The New York Fed Empire State index fell from +10.16 to -3.58 in December - the first negative result in almost a year. US NAHB Housing Market Index eased from 58 to 57 in December - highlighting that home builder sentiment remained relatively optimistic.
A police officer runs across Martin Place near Lindt Cafe where hostages are being held, in central Sydney December 15, 2014. Dozens of hostages were trapped inside the central Sydney cafe on Monday, with local television showing some being forced to hold

Australian Stock Market Report – Midday December 15, 2014

Australian shares at 2.30pm AEDT are down by 0.6 per cent; adding to last week's 2.2 per cent slump. Although most sectors are losing ground the telcos, IT stocks, utilities and healthcare industries are modestly firmer. Mining companies are faring worst; with BHP Billiton (BHP) down 1 per cent and Rio Tinto (RIO) is down 1.1 per cent.
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Australian Finance Minister Mathias Cormann (R) and Medibank Managing Director George Savvides ring the Australian Stock Exchange Bell to begin trading of Medibank stock in Sydney November 25, 2014. Australian health insurer Medibank Private Ltd, which ra

Australian Stock Market Report –Afternoon December 12, 2014

The Australian sharemarket has closed weaker, with investors cautious ahead of the release of a raft of Chinese economic data, including retail sales and industrial production for the month of November. The ASX 200 slipped 0.2 percent to 5,219. Today's falls takes this week's losses to 2.2 percent.
Vittorio Hernandez Dec 12, 2014
A man looks at screens displaying market information as he walks past the Australian Stock Exchange in central Sydney July 4, 2013. Australian shares rebounded 1 percent on Thursday, as Wall Street rose modestly higher overnight and a rise in metals price

Australian Stock Market Report – Midday December 12, 2014

Australian shares are falling slightly for the fourth day with gains across US markets and a pause in energy sector selling helping to minimise losses. The ASX 200 Index is down 0.1 per cent with the mining industry the main drag. Plenty of monthly economic news in China this afternoon at 4.30pm AEDT (after the close of the Australian market) might keep investors a little cautious today.
Vittorio Hernandez Dec 12, 2014
Australian one dollar coins surround a U.S. one dollar note in this photo illustration taken in Sydney July 27, 2011. Australian consumer prices rose by more than expected last quarter while underlying inflation proved alarmingly high, reviving pressure f

RBA Hints Aussie Dollar Could Dip to US75c

The Australian dollar hit a four-year low on Thursday at US82.15c but it recovered and closed at US83.20c. Reserved Bank of Australia (RBA) officials warn that the Aussie dollar could further depreciate to US75c.
Vittorio Hernandez Dec 12, 2014
Retailer

Global Markets Overview – December 12, 2014

A round of positive US economic data seems to have reinvigorated the greenback, with retail sales and unemployment claims both coming in ahead of estimates.
Vittorio Hernandez Dec 12, 2014
Retailer

Australian Stock Market Report – Morning December 12, 2014

In US economic data, retail sales rose by 0.7% in November (well ahead of expectations of 0.4%). Excluding gasoline, sales lifted by 0.9%. The gains were broad-based and confirmed a lift in discretionary spending. Core retail sales (excluding automobiles, gasoline, building material and food services) lifted by 0.6%. US jobless claims fell by 3,000 to 294,000 in the past week. US import prices fell 1.5% in November driven by a 6.9% slide in oil prices. US business inventories rose 0.2% in Octobe...
Vittorio Hernandez Dec 12, 2014
Men watch the stock board at the Australian Securities Exchange (ASX) in central Sydney April 21, 2009. Australian stocks fell 2.6 percent on Tuesday, led down by banks and miners, on fresh concerns about the earnings outlook for domestic companies and a

Australian Stock Market Report – Afternoon December 11, 2014

Australian shares ended the day 0.4 per cent lower by the close with some better than expected employment numbers for November helping reduce the losses. The ASX 200 Index managed to remain above 5200pts despite dipping below the key level earlier in the day.
Vittorio Hernandez Dec 11, 2014
New York Stock Exchange

Australian Stock Market Report – Midday December 11, 2014

Australian shares are falling for the third straight with the ASX 200 Index down 0.6 per cent. The creation of close to three times as many jobs last month however is helping reduce the losses. At its worst levels, the local market was down by 1.35 per cent today.
Vittorio Hernandez Dec 11, 2014
U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul August 2, 2013. Picture taken August 2, 2013.

Australian Dollar Outlook – December 11, 2014

The AUD has not broken new ground. Having pushed down to 0.8265 after a lower-than-expected Chinese CPI print, it recovered to 0.8348 before pulling back to 0.8300 this morning.
Vittorio Hernandez Dec 11, 2014
A worker walks at the Nahr Bin Umar field, north of Basra, southeast of Baghdad, November 16, 2014. OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Picture take

Global Markets Overview – December 11, 2014

Global markets continued to slide as oil slipped further and Greek bond yields spiked. Crude oil inventories released in the US showed a surplus of 1.5 million when the market was expecting a deficit of 2.6 million. This saw WTI slump over 4%, with oil prices trading at their lowest since mid-2009.
Vittorio Hernandez Dec 11, 2014
A woman walks past a stock quotation board outside a brokerage in Tokyo September 2, 2013. Asian shares climbed to a two-week high on Monday, and the Australian dollar and copper gained, as China said its manufacturing expanded in August at the fastest pa

Australian Stock Market Report – Afternoon December 10, 2014

The second half of Wednesday's session saw buyers make some pact on the market, taking advantage of prices that were discounted over the course of the morning. The ASX 200 bottomed out late this morning when it was down by 60 points. By the end of trade this deficit had been wound in and the index ended with a loss of 23 points or 0.45%
Vittorio Hernandez Dec 10, 2014
A man is reflected on a window of the Australian Securities Exchange building with a board showing the ten most heavily traded stocks for the day in central Sydney June 13, 2013. Australian shares earlier fell 1 percent to a fresh 5-1/2-month low as persi

Australian Stock Market Report – Midday December 10, 2014

Wednesday has seen sellers continue to dictate terms for the ASX 200. The market started the session with a gain of 5 points, although positive territory was a fleeting experience and within the first quarter hour the index was down by 40 points. As lunchtime neared the market showed little evidence of consolidation as it continued to make new lows. The weaker tone locally reflected a similar experience in the US and Europe overnight. European shares fell to a two-week low overnight, led down by...
Vittorio Hernandez Dec 10, 2014
People make their way in front of a closed National Bank of Greece branch in Athens October 26, 2014. Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the

Global Markets Overview – December 10, 2014

Global jitters continued to rock sentiment, with Greece at the forefront of the issues. Greek banks were heavily sold off and led declines in European stocks.
Vittorio Hernandez Dec 10, 2014
Kiva robots move inventory at an Amazon fulfilment center in Tracy, California December 1, 2014. Amazon.com Inc has installed more than 15,000 robots across 10 U.S. warehouses, a move that promises to cut operating costs by one-fifth and get packages out

Australian Stock Market Report – Morning December 10, 2014

In US economic data, wholesale inventories rose by 0.4% in October after an upwardly revised 0.4% gain in September (previously reported as a 0.3% rise). Wholesale sales lifted by 0.2% in October. An ISM industry report on the US manufacturing sector expected revenue to rise by 5.6% in 2015, with capital investment expected to lift by 3.7%.
Vittorio Hernandez Dec 10, 2014
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 – Midday December 9, 2014

Australian shares are wiping out all of yesterday's gains with the ASX 200 Index down by 1 per cent. This should come as no surprise following a 4 per cent slump in the oil price, disappointing economic news in China and Japan on Monday, the worst performance for US shares since October overnight and a credit downgrade for Italy.
Vittorio Hernandez Dec 09, 2014
Dollar notes

Australian Dollar Outlook – December 9, 2014

More pressure for the Australian Dollar as China, Australia's largest trade partner, showed a surprise fall in imports, pushing the trade surplus to a record USD 54.47 billion and oil prices continued to slide.
Vittorio Hernandez Dec 09, 2014
An investor looks at information displayed on an electronic screen at a brokerage house in Shanghai, December 8, 2014. Asian stocks eked out gains on Monday in wake of much stronger-than-expected U.S. employment numbers, although sobering data highlighted

Global Markets Overview – December 9, 2014

Gains from Friday's jobs numbers were short lived as renewed global growth concerns and declining oil prices came back to haunt global markets. Yesterday's disappointing Japan GDP and China trade balance set off the global growth alarm bells once again.
Vittorio Hernandez Dec 09, 2014
Stock market

Australian Stock Market Report – Afternoon December 8, 2014

Australian shares kicked off the trading weak substantially firmer with the ASX 200 Index up 0.7 per cent and ending just shy of 5400pts. Local shares managed to rise by 0.4 per cent last week despite a tough start to the week.
Vittorio Hernandez Dec 08, 2014
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 December 8, 2014

Local stocks have started the second week of December on a strong footing. The ASX 200 opened flat, although buyers were waiting in the wings and the market was well supported over the course of the morning. The upward momentum for the market ebbed when the index hit the 5380 but prices remained well supported around these levels into the afternoon.
Vittorio Hernandez Dec 08, 2014
Men load pieces of steel at a steel factory in Chau Khe village, outside Hanoi December 4, 2014. The World Bank said on Wednesday it has revised its forecast for Vietnam's economic growth this year to 5.6 percent from 5.4 percent previously, after the gov

Global Markets Overview – December 8, 2014

The US dollar has been broadly bid higher as investors react to Friday's jobs numbers. The November payrolls reading showed 321,000 jobs were created and average hourly earnings rose 0.4%, while the unemployment rate was steady at 5.8%. This was the highest number of jobs created in nearly three years and was also accompanied by upward revisions to the previous two months. Heading into next week's Fed meeting, this jobs report is only fuelling the case for the hawks.
Vittorio Hernandez Dec 08, 2014
Staff walk in front of the Opel Plant during a shift change on its final day of production in Bochum December 5, 2014. European carmaker Opel closed its Bochum plant on Friday.

Australian Stock Market Report – Morning December 8, 2014

In US economic data, non-farm payrolls (employment) rose by 321,000 in November, well above forecasts of job gains of 230,000 and the strongest increase in jobs in almost three years. The jobless rate was unchanged at 5.8% and hourly earnings rose by 0.4% in the month, above forecasts for a 0.2% gain. The trade deficit narrowed from a revised US$43.6 billion deficit to US$43.4bn deficit in October.
Vittorio Hernandez Dec 08, 2014
A worker walks at the Nahr Bin Umar field, north of Basra, southeast of Baghdad, November 16, 2014. OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Picture take

Australian Stock Market Report – Midday December 5, 2014

A flat start for local shares on Friday has given way to broad selling for the ASX 200. At the best levels of the session the AS 200 was ahead by almost 21 points. However at lunchtime the market was around session lows with a loss of 26 points or 0.5%. The was no clear direction offered by US and European markets overnight.
Vittorio Hernandez Dec 05, 2014
European Central Bank (ECB) President Mario Draghi leaves after addressing an ECB news conference December 4, 2014, for the first time in the ECB's new 1.3 billion euro headquarters in Frankfurt. Draghi said on Thursday the bank would reassess the impact

Global Markets Overview – December 5, 2014

2015 will remain a year of mass monetary accommodation; what will change is where the money printing and record low rates will come from. The ECB is clearly gearing up for a broad-ranging stimulus package in 2015. ECB President Mario Draghi stated clearly that the Board 'won't tolerate' low inflation and announced that officials had discussed all measures barring gold to support the economy at last night's meeting. It will allot another round to its current corporate bond buying prog...
Vittorio Hernandez Dec 05, 2014

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