BUSINESS

Australian Stock Market Report – Afternoon June 11, 2014

The Australian share market was sold off today, as data revealed Australian consumers have the winter blues and following a lacklustre offshore lead. The All Ordinaries Index (XAO) closed down 16 points or 0.3 per cent to 5432.5 points.

New Zealand Economy to Grow 3.5%; IMF Warns of Housing and China Slowdown

New Zealand's Prime Minister John Key Smiles After the General Election in Auckland.
The International Monetary Fund (IMF) is expecting a 3.5 per cent growth for the New Zealand's economy for the year before going back to a 2.5 per cent average by 2016. According to the IMF, the country's economic expansion is being driven by favourable financial conditions, resurging construction activity, high commodity prices and a sufficient increase in immigration.

New Zealand 'Friendlier' to Start-Up Companies Than Australia

New Zealand is "more friendly" to start-up companies than Australia. Hobart native Craig Richardson is living proof of start-up success in New Zealand. When he left his home in Sydney to start his own tech company, he hasn't looked back since.
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China exports

Global Markets Overview – June 11, 2014

Global markets were in a holding pattern through European and US trade, with limited activity on the economic calendar. Perhaps the highlight was a further slide in the single currency, which helped keep equities afloat in Europe. However, emerging markets remain buoyant on the back of the measures China is taking to stimulate the economy. China's move to cut reserve required ratios for a number of regional and agricultural banks saw Asian equities mostly enjoy gains yesterday with the excep...

Australian Stock Market Report – Morning June 11, 2014

In US economic data, wholesale sales rose by 1.3% in April, above forecasts centred on a 0.8% gain. Inventories rose by 1.1%, ahead of forecasts suggesting a 0.5% gain. And weekly chain store sales were up by 3.3% on a year earlier, down from the 3.5% gain in the previous week.

Australian Stock Market Report – Afternoon June 10, 2014

Gains for the ASX 200 faded over the course of the afternoon. At the best levels of the session the index was ahead by 32 points, at the lows of the day the market was down by 1 point. At the closing bell the bourse ended with its nose in front by just over 5 points. Participation was lower than average with less than $4bln shares changing hands.

Australian Stock Market Report – Midday June 10, 2014

The Australian share market is trading higher in the early session, as investors returned from the long weekend in a buying mood. Positive economic data out of the US overnight and solid Chinese trade data figures released on the weekend have given support to sentiment.

Global Markets Overview – June 10, 2014

Yesterday's trade balance from China might be the first nominal piece of data that could confirm targeted easing is taking effect. May exports rose more-than-expected, by 7%, as overseas shipments ramped up on the back of improving signs from Europe and the US.

Australian Stock Market Report – Afternoon June 6, 2014

The Australian sharemarket continued to improve this afternoon, taking the gains to almost 0.5 per cent. Gains from U.S. markets and the first interest rate cut in six months for the European Central Bank helped lift stocks overnight. Improvements from the major banks accounted for around half of the market's gains today.

Australian Stock Market Report – Midday June 6, 2014

The Australian sharemarket is rising for the first time in four trading days, with the All Ordinaries Index (XAO) up 0.4 per cent or 19.7pts to 5,438.8. U.S. stocks finished at record highs ahead of the May jobs report this evening. This is arguably the most highly anticipated piece of data to be released this week.
Pope Francis talks to reporters aboard the papal flight on his way back to the Vatican from Jerusalem May 26, 2014. REUTERS/Andrew Medichini

Pope Francis Fires Entire Board of Financial Information Authority

In yet another way of displaying his unorthodox method of running the Roman Catholic Church and the Vatican bureaucracy, Pope Francis fired on Thursday the entire board of the Financial Information Authority (FIA), reports News.com.au.

Global Markets Overview – June 6, 2014

Equities rallied with the S&P and the DAX printing fresh record highs on the back of the ECB decision. The most anticipated event of the week has been and gone and markets are now left to digest the results. While Mario Draghi seems to have thrown absolutely everything at it, markets have not quite had the euphoric reaction many would have expected. This could be largely in part due to the fact that the market already expected a comprehensive package that included a combination of a refinance ra...

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