Vittorio Hernandez

2191-2220 (out of 7523)

Vittorio Hernandez completed a degree in Economics and studied Public Administration, as well as Development Communication. He has been writing business and general news for various publications for decades now. He joined IBTimes Australia in September 2011. He may be reached at v.hernandez@ibtimes.com.au.

@vitthernandez ibtimesau

Australian Stock Market Report – Afternoon 3/14/14

The local market had its second worst day of the year; is trading at a one month low and recorded its worst week in three months. The All Ordinaries Index (XAO) fell 1.5 per cent today, taking the losses this week to 2.37 per cent (worst week in three months).

Australian Stock Market Report – Midday 3/14/14

It was no surprise to see local stocks under pressure from the outset on Friday. One of the main talking points in the last day has been the latest round of Chinese economic news, which was released after the close of Australian trade on Thursday afternoon. The Chinese figures had the capacity to be a boon or a bane. The much weaker than expected results have meant the latter. As a result sellers returned to commodity markets, base metals finished mostly lower on demand concerns after China's...

Global Markets Overview – 3/14/14

After having seen an improvement in sentiment yesterday, it seems we are back to square one with renewed China concerns and Ukraine tension ramping up. China data was releases post local trade and this set the tone for overnight trade. Industrial production slowed significantly at just +8.5% which was well below consensus of +9.5%. Retail sales and fixed asset investment data also missed estimates and analysts feel the combined impact of these readings points to a high likelihood of a big GDP dr...

Australian Stock Market Report – Morning 3/14/14

In US economic data, claims for unemployment insurance fell by 9,000 in the latest week to 315,000. Retail sales rose by 0.3% in February with sales excluding autos up by 0.3%. Both figures were slightly above forecasts. The Federal Budget was in deficit by $193.5 billion in February, smaller than the forecast $212 billion deficit. And import prices rose by 0.9% in February with export prices up 0.6% - both ahead of forecasts.

Australian Stock Market Report – Afternoon 3/13/14

The ASX 200 spent most day moving higher, although prices softened in the last 2 hours as investors focussed on Chinese economic figures due for release after the close of local trade. At its best levels of the session the market was up by 41 points; at the lows of the day the index was still in positive territory with a gain of 2 points. Volume was reasonable at around $4.5 billion.

Australian Stock Market Report – Midday 3/13/14

The Australian sharemarket is improving for the first time this week, boosted by much better than expected employment numbers. The All Ordinaries Index (XAO) is up by 0.7 per cent.. Mining stocks are the best improvers following a tough start to the week due to concerns relating to China's economy and credit issues. The results of the monthly employment report locally and a handful of economic information from our largest trading partner, China are the two highlights today. China buys around ...

Global Markets Overview – 3/13/14

US equities managed to pare losses despite a lack of fresh catalysts to really drive sentiment either way. There was a continuation of similar themes from earlier in the week, with Ukraine uncertainty keeping investors at bay in Europe, while China concerns saw commodities remain subdued. A 0.2% decline in Europe's industrial production which was expected up 0.6% also weighed on commodities. However, copper managed to arrest its slide from yesterday.

Australian Stock Market Report – Afternoon 3/12/14

The Australian share market was heavily back into the red today, although stocks managed to close off their lows as mining stocks received some positive headwind in afternoon trade. The All Ordinaries Index (XAO) closed lower by 0.5 per cent with key financial players a big drag.

Australian Stock Market Report – Midday 3/12/14

Sellers have returned to the share market on Wednesday having stayed their hand somewhat in the previous session. The themes driving sentiment remain largely the same, with the central discussion turning around the mining sector and the near term prospects for the price of iron ore. To that end, prices for the commodity have consolidated at $104.90 / tonne in the last day having suffered an 8% decline in the previous day.

Global Markets Overview – 3/12/14

The macro influences remain: China worries; Russian-Ukrainian tensions; sluggish Japanese data; indifferent US data; steel demand in China and the slide into bear markets of industrial commodities.

Australian Stock Market Report – Morning 3/12/14

In US economic data, chain store sales rose by 2.5% in the latest week compared with a year earlier, down from 2.7% in the previous week. Wholesale sales fell by 1.9% in January, the biggest fall in almost five years and well below forecasts centred on a gain of 0.2%. Inventories rose by 0.6%.

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