BUSINESS

Global Markets Overview – 5/9/14

Janet Yellen was again testifying to an economic committee overnight - this time in the Senate. However, unlike yesterday's Congress facing testimony, last night's meeting was a complete regurgitation, meaning the kick the US markets saw from the 'high degree of monetary accommodation remaining warranted' statement was already factored in and left markets flat and unresponsive.
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A worker takes radiation readings on the window of a bus at the screening point of the Tokyo Electric Power Company's (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture in this June 12, 2013 file photo. Since March 2011

Overreaction and Stress, Not Cancer and Radiation, Will Kill More People than Fukushima Scare – UN Report

The radiation from the crippled Fukushima nuclear power plant that has erupted into the atmosphere and fell into the ocean waters will not trigger any increase in cancer or health problems, a report released by the UN Scientific Committee on the Effects of Atomic Radiation said. What will definitely most kill the people are their overreactions and stress over possible radiation afflictions.

Australian Stock Market Report – Midday 5/8/14

The Australian sharemarket is partly making up for yesterday's slump, driven by a strong lead from Wall Street overnight. The All Ordinaries Index (XAO) is up 0.6 per cent at lunch.

Global Markets Overview – 5/8/14

Janet Yellen has certainly jump started the markets, with the DOW and S&P adding 0.7% and 0.5% overnight respectively.

Australian Stock Market Report – Morning 5/8/14

In US economic data, consumer credit rose by $17.5 billion in March to $3.14 trillion - this was the largest increase since February 2013. Revolving credit -which measures credit card usage - rebounded by $1.1 billion in March.

Australian Stock Market Report – Midday 5/7/14

The Australian sharemarket is recording its most substantial losses in close to a month, with a weak lead from the U.S. last night and worse than expected local data not helping. The All Ordinaries Index (XAO) is down 1 per cent and is flirting with the key 5400pt mark.

Global Markets Overview – 5/7/14

The breakdown of high price momentum trading is an interesting thematic that has been developing over the last six to eight weeks.

Australian Stock Market Report – Afternoon 5/6/14

Tuesday's session saw a tussle between buyers and sellers, albeit it was an exchange that took place with the index occupying positive territory over the session. Volumes were conspicuously low with only $3.3bln in shares having changed hands. As the session drew to a close the ASX 200 found some comfort in the RBA statement that accompanied its decision to leave rates on hold, although the substance of the text varied little in the last month. The Reserve Bank left the official cash rate on ...

Australian Stock Market Report – Midday 5/6/14

The Australian sharemarket is improving for the third consecutive day, with the All Ordinaries Index (XAO) up 0.3 per cent. The market is treading water ahead of the Reserve Bank's monetary policy meeting this afternoon. Economists are widely expecting the RBA to keep interest rates on hold this month.

Global Markets Overview – 5/6/14

With Japan still closed for public holidays by observing Greenery Day, Australia's May data day will be the biggest market macro news on the boards.

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