The local sharemarket has finished firmly in the black, following a strong lead from European and US markets. The S&P 500 enjoyed its best one day gain in a year, after the US Federal Reserve signalled it was on track to raise interest rates next year - reinforcing the strength of the US economy. That positive lead helped the All Ords finish up 1 percent to 5,189.
Vittorio Hernandez
Dec 18, 2014
The Australian share market opened the session with a solid gain for the second consecutive session on the Thursday. The strong tone for the first half of the session came in the wake of similar gains for US and European markets in the last 12 hours. US share markets rallied sharply after the Federal Reserve gave a strong signal that it was on track to raise interest rates at some point next year - pointing to confidence in the US economy. At the close of trade, the Dow Jones was up by 288 point...
Vittorio Hernandez
Dec 18, 2014
The Australian Dollar has dipped suddenly to USD 0.8120 following headlines the FOMC had dropped the "considerable time" phrase with respect to its guidance on interest rates, and instead deciding it could be "patient in beginning to normalise" policy.
Vittorio Hernandez
Dec 18, 2014
US equities surged on the back of the Fed meeting, which seems to have hit a sweet spot as far as balancing expectations is concerned.
Vittorio Hernandez
Dec 18, 2014
In US economic data, consumer prices fell 0.3% in November - marking the largest decline since December 2008. Annual growth eased from 1.7% to 1.3%. The fall in gasoline prices (down 6.6% in November) was the biggest driver. Core CPI (ex food and energy) lifted up 0.1% in November to be up 1.7 over the year. US current account deficit rose from $98.42 billion to $100.36 billion in the September quarter.
Vittorio Hernandez
Dec 18, 2014
The Australian share market has ended a 6 session losing streak on Thursday with a gain of 9.6 points. The ASX 200 trade through a range of 41 points from low to high. The market was down 2 points at its worst levels and up 39 points at its best.
Vittorio Hernandez
Dec 17, 2014
Buyers have made a rare impression on the ASX 200 in early trade on Wednesday. After 6 consecutive sessions of losses the share market has spent the morning in positive territory, having opened with a small loss of 2 points, before moving on to a gain of 33 points at session highs. As lunchtime approached the ASX 200 was ahead by 32 points.
Vittorio Hernandez
Dec 17, 2014
The Australian Dollar is unchanged from this time yesterday, having given back some overnight gains as volatility increases in global markets.
Vittorio Hernandez
Dec 17, 2014
It's the end of the year, a busy season for doomsayers and hoaxers. This explains why everyone is talking either about World War 3 to be initiated by Russia or writing hoax articles.
Vittorio Hernandez
Dec 17, 2014
Equities rebounded in European trade whilst US equities struggled as investors exercised caution heading into the FOMC meeting. Additionally, oil prices remained extremely volatile, with weakness prevailing. In Europe, traders focused on surprisingly firmer manufacturing and services PMIs, along with a vast improvement in the ZEW economic sentiment readings.
Vittorio Hernandez
Dec 17, 2014
In US economic data, housing starts fell by 1.6% in November to a 1.028 million unit pace. Building permits fell by 5.2% in November. Despite the mild pullback the housing sector continues to see healthy improvement. The Markit Flash PMI eased from 54.8 to 53.7 in December - a 11 month low. A reading above 50 still signalled an expansion in activity. Across the sub-indices output and employment expanded at a slower pace.
Vittorio Hernandez
Dec 17, 2014
Losses worsened this afternoon with Australian shares falling by 0.7 per cent and closing at a fresh two-month lows in the process. The ASX 200 Index lost 0.7 per cent with both mining and energy industries slumping by around 2 per cent.
Vittorio Hernandez
Dec 16, 2014
Australian shares are falling for the sixth straight session and trading at two month lows. The ASX 200 Index is down 0.5 per cent with the energy and mining sectors continuing to be the main liabilities.
Vittorio Hernandez
Dec 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.
Vittorio Hernandez
Dec 16, 2014
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.
Vittorio Hernandez
Dec 16, 2014
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.
Vittorio Hernandez
Dec 16, 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.
Vittorio Hernandez
Dec 15, 2014
The Australian Dollar has opened trading this morning in the mid .8200's after another day of weaker commodity and equity markets on Friday.
Vittorio Hernandez
Dec 15, 2014
Global equities extended their slide on Friday, with investors continuing to focus on the slump in oil prices. Oil remained at levels not seen since mid-2009 with WTI remaining below $60 per barrel. Apart from China, which benefited from some surprisingly solid data, the rest of the globe struggled on Friday. Retail sales and fixed asset investment were mildly better than expected, but industrial production fell short presumably due to factory closures ahead of the APEC summit.
Vittorio Hernandez
Dec 15, 2014
Based on the movement of iron ore prices in the global market, mining giant BHP Billiton (ASX: BHP) forecast that the price of this key-steelmaking ingredient would not breach $100 per tonne.
Vittorio Hernandez
Dec 15, 2014
In US economic data, consumer sentiment rose from 88.8 to 93.8 in December - a near eight-year high. The survey's barometer of current economic conditions rose from 102.7 to 105.7 - highest level since February 2007. The survey's one-year inflation expectation rose from 2.8% to 2.9%.
Vittorio Hernandez
Dec 15, 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
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
The Australian Dollar is trading lower this morning, having given up gains made on the back of yesterday's good jobs data.
Vittorio Hernandez
Dec 12, 2014
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
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
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
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
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
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