Vittorio Hernandez

2761-2790 (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 – Morning 12/9/13

In US economic news, employment (non-farm payrolls) rose by 203,000 in November, ahead of forecasts for a gain of 180,000. The unemployment rate fell from 7.3% to a five-year low of 7.0%. Meanwhile personal income fell 0.1% in October while spending rose 0.3%. And consumer sentiment rose from 75.1 to 82.5 in December.

Dec 6 Was Work in the Nude Day in Australia

For work-at-home Aussies, participating in The Flying Solo's 2nd Work in the Nude Day was not difficult to do because they had some amount of privacy since they were in the comfort of their houses.

Australian Stock Market Report – Afternoon 12/6/13

The All Ordinaries Index (XAO) slipped by 0.2 per cent today, taking the losses this week to a significant 2.3 per cent. This makes it the worst week for local stocks in six months. Shares have fallen for five of the past six trading sessions. Volume was quite light however due to the all-important non-farm payrolls report in the U.S. tonight. This is a measure of how many jobs were added or lost in November and has the potential to set the tone for local shares and currencies next week. If much...

Australian Stock Market Report – Midday 12/6/13

The selling that began with some conviction late Thursday afternoon has persisted in the early part of trade on Friday, although the ASX 200 is recovering from intraday weakness as banks pare declines. The question hanging over the market in the afternoon session will be whether it can hold the lows that have been established or will sellers continue to test the resolve of the market and gun for the low of the day which currently sits at 5154.6.

Australian Stock Market Report – Morning 12/6/13

In US economic news, weekly jobless claims (claims for unemployment insurance) fell by 23,000 to 298,000. The US economy grew at 3.6pct annual pace in the September quarter, up from the ´´flash´´ estimate of 2.8%. Factory orders fell by 0.9pct in October, close to forecasts. And according to Challenger, planned job layoffs fell from 45,730 to 45,314 in November.

Australian Stock Market Report – Afternoon 12/5/13

The Australian sharemarket gradually extended its losses from around midday onward, with the All Ordinaries Index (XAO) slumping by 1.3 per cent following a flat start. The mining sector was the only thing limiting the losses for most of the day; however faded late in trade.

Australian Stock Market Report – Midday 12/5/13

The Australian sharemarket is in the red, with the All Ordinaries Index (XAO) down by 0.5 per cent at lunch. Strength in the mining sector is helping minimise market losses, with the industry up 0.55 per cent, while a 1.2 per cent slump across the financials is holding back the market most.

Global Markets Overview – 12/5/13

Equities continued to taper off as investors weighed the latest US data and its implications on tapering talk. The highlight was the ADP non-farm employment change which came in at a much better-than-expected 215,000 (versus 172,000 expected). There was also a very strong new home sales (up 25.4% in October and highest monthly percentage gain since 1980) reading and encouraging Beige Book commentary which helped add to the tapering argument. US treasury yields popped higher as we continue to get...

Australian Stock Market Report – Morning 12/5/13

In US economic news, the ADP employment index showed that 215,000 private sector jobs were created in November, ahead of forecasts for a gain of 173,000. The trade deficit fell from US$42.97 billion to US$41.64bn in October. The ISM services index eased from 55.4 to 53.9 in November. And new home sales rose by 25.4% in October after falling by 6.6% in September.

Australian Stock Market Report – Afternoon 12/4/13

The ASX200 shrugged off a 3 day losing streak even though third quarter GDP figures were below expectations. The market recovered initial losses driven by the notion that the slower rate of growth meant that whilst interest rates might not be cut any time soon, the risk is that they will remain at historically low levels for a longer period.

Global Markets Overview – 12/4/13

With most still talking about the vanilla RBA statement yesterday, I feel the 'hard talk' strategy that the RBA is currently using to weaken the AUD is breaking down.

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