BUSINESS

Global Markets Overview – 4/10/14

We witnessed more green on screen for the US equity markets overnight as the FOMC minutes beat down any thought of an early rates rise in the Fed funds rate.

Australian Stock Market Report – Morning 4/10/14

In US economic data, wholesale sales rose by 0.7% in February with inventories up 0.5%. The sales data was short of forecasts centred on a 1.0% increase. The weekly index of mortgage activity fell 1.6% with purchases up and refinancing down.
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Joe Belfiore holds a pair of mobile phones featuring the new Windows 8.1 operating system during the company's "build" conference in San Francisco

'Windows 8.1 Update' Available From 08 April; 'Mandatory' Update for Windows 8.1 Users

Windows 8.1 users will be able to migrate to 'Windows 8.1 Update' starting 08th April 2014. According to Microsoft, this is a mandatory and recommended update for Windows 8.1. Failure to install this Update will prevent Windows from patching the system with any future updates from May 2014. Although the Windows 8.1 Update is set out to be a security update, it packs a lot of new features. This update is available for both MSDN and TechNet subscribers.
Tokyo Electric Power Co (TEPCO)'s handout shows an image taken by a gamma ray camera showing the bottom of a ventilation stack standing between Fukushima Daiichi nuclear power plant's No.1 and No.2 reactors, where radiation exceeding 10 sieverts (10,000 m

Fukushima’s Tepco Slapped with US$1B Lawsuit by 79 US Sailors Over Radiation Claims

Financially strapped Tokyo Electric Power Co, operator of the crippled Fukushima Dai-ichi nuclear power plant, has been slapped a US$1 billion lawsuit by the 79 US sailors who were the first respondents to the crisis three years ago. The sailors claimed the operator lied about the high level of radiation in the area as they carried out their humanitarian mission.

Apple Inc Investors and Options Traders Expect Stock to Bounce Back; Apple Leads Samsung in U.S.

Apple Inc (NASDAQ:AAPL) dropped 1.7 per cent at $522.66 as of April 7 as U.S. tech stocks continued to slide in the stock market. Despite the continued fall, options traders still expects the iPhone maker to bounce back as indicated weekly call options, according to analyst reports.Options traders are positive that the new products of Apple Inc will drive the world's most valuable company after it bounced back from its worst monthly loss in 12 months.

Global Markets Overview – 4/9/14

The NASDAQ broke its three-day rout with a 0.9% rise as Google, Facebook and eBay added 2%. The S&P and the Dow also broke its four-day downtrend, which will see support for the broader market, particularly the information technology space. However, this does not mean that after this slight pull back the tech space would make the sector fundamentally cheap; it is likely that the market direction in these stocks over the coming week will be downward as they return to fair value.

Australian Stock Market Report – Morning 4/9/14

In US economic data, weekly chain store sales were up by 2.9% in the latest week compared with a year earlier, up from the 2.3% annualised gain in the previous week.

Australian Stock Market Report – Afternoon 4/8/14

The Australian share market closed only modestly lower on Tuesday despite big falls once again on Wall Street overnight. Investors continued to sell out of biotech and technology stocks on fears they are overpriced.

Australian Stock Market Report – Midday 4/8/14

The Australian sharemarket is losing ground for the second day, with the All Ordinaries Index (XAO) down 0.4 per cent and trading below the 5400pt level. Local shares are now down by just 0.16 per cent so far in April; however are still 0.75 per cent firmer since the start of this calendar year. Volume was significantly held back yesterday due to a Chinese public holiday. Sharemarkets in China are resuming normal trade today. U.S. stocks slumped for the third day overnight, with the tech specifi...

Global Markets Overview - 4/8/14

With the NASDAQ logging its worst three days of trade since November 2011 last night, the growing roar of the bears was easy to see. The bears point to several reasons for their calls on tech stocks, including technical breakdowns, over valuations and the fact that these stocks have been some of the best performers of the last 24 months; profit is glaring.

Australian Stock Market Report – Morning 4/8/14

In US economic data, the employment trends index rose from 117.01 to 117.52 in March. Consumer credit rose by US$16.49 billion in February, above the forecast for a US$14.09 billion rise..

Tweed Marijuana Stocks 3rd Most Traded in Canada, Up 183% in Friday Trading

It is not just the Wolf of Weed Street who made a lot of money on trading medical cannabis stocks. Early traders of Tweed Marijuana (TWD) shares on Friday, when the company became the first publicly traded producer of medical weed at the TSX Venture Exchange in Canada, also got a financial high.

Australian Stock Market Report – Afternoon 4/7/14

The Australian sharemarket kicked off the week a touch lower, with the All Ordinaries Index (XAO) down 0.2 per cent; remaining modestly above the 5400pt mark. Tomb sweeping day in China is being observed today, resulting in the closure of China's markets. Last week, the XAO rose by close to 1 per cent, making it the third straight week of improvements.

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