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Australian Stock Market Report – Midday 9/27/13

Friday morning has seen the ASX200 maintain the constructive tone that has been a feature of recent days. The index appears to be accepting prices at higher levels on improving volume. At lunch time on Friday the market remains within sight of the best levels of the last fortnight. Equally significant is the fact that multi year highs are a part of the picture, with the index hitting new 5 year highs this morning. This last point is significant when considering the general back drop which is bei...

China Space Station Target Launch Date in 2023

China is inarguably working to achieve so many things right now. Aside from racing to have cleaner and improved air quality by 2017, it only has set its sights to launch its own space station by 2023.

7 Steps to Success for Any Central Banker

The Maestro, Alan Greenspan, has a new book slated to hit shelves Oct. 22. Its title: The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.

Australian Stock Market Report – Afternoon 9/26/13

The Australian share market has managed to finish higher for a second consecutive session, despite another night of selling on Wall Street and generally weaker sentiment across the Asian region. The All Ordinaries Index (XAO) finished the day's trade up 18 points or 0.3 per cent to 5288.2pts.

Australian Stock Market Report – Midday 9/26/13

The resolve of yesterday's buyers has been tested today in early trade on Thursday. Similar circumstances to Wednesday were in place at the open of trade after US stocks ended lower for a 5th day on the trot. The declines for US indices weren't sinister, although the related statistics were less than encouraging, for example the SP 500 finished at the lows of the day; more importantly the index settled below the 1700 mark. As a result the local market saw selling from the outset, at its wo...

China Partially Lifts Ban on Access to Facebook, Twitter, But Netizens Aren’t Exactly Excited

Four years since China blocked Facebook after activists used the portal to communicate their vendetta, the country has decided to partially lift the ban but only in select areas, particularly the Shanghai Free Trade Zone (FTZ). Twitter has likewise been granted albeit only with the same limited access. However, Chinese netizens don't seem to be excited over the latest announcement in their microblogging hemisphere.

New Zealand Sheep Milking the Next Big Boom in Dairy, Trade Deficit Widens as Milk Exports Decline

New Zealand's sheep milking is predicted to be big industry for New Zealanders in the future with Blue River Dairy planning to invest millions of dollars in new equipment. Due to the decline of dairy exports, the trade deficit in New Zealand grew to $981 million or NZ$1.2 billion for the month of August. This is the biggest trade deficit for the country in five years. Exports slumped to their lowest since Sept. 2012 as dairy exports were down 1.8 per cent.

US Bond Yields Support Gold Price

By Jonathan BarrattIf you told the market in Sept 2010 that stimulus was going to remain in play for the foreseeable future, the gold price would have rocketed head.

Global Markets Overview – 9/26/13

We've seen a slight squaring off of risk plays, with equities marginally lower. Despite the minor selling, most asset classes just continue to maintain some fairly tight ranges as global markets remain in a lull phase. US fiscal negotiations are also keeping some investors at bay and prompting some caution in most asset classes. There was limited reaction to a US durable goods report which came in at +0.1% versus 0% expected. New home sales data also came in relatively in line with consensus....

John McAfee Plans New Cyber-Security Company to Make the Internet Safer for Everyone

It seems to be comeback time for shamed tech entrepreneurs. After, Kim Dotcom's plans to enter politics and his decision to quit Mega to pursue other projects, it is now the turn of disgraced anti-virus software pioneer John McAfee. McAfee, 67, aims to make the Internet safer for everyone and promises to launch a new cyber-security company to do so.

Australian Stock Market Report – Morning 9/26/13

In US economic news, orders for durable goods - goods expected to last more than three years - rose by 0.1pct in August, in line with expectations. Excluding defence and aircraft, orders rose by 1.5pct, just short on the 1.9pct expected rise. New home sales soared by 7.9pct in August to a 421,000 annual rate, in line with forecasts.

Apple Inc Shares May Surge to $600, Analysts Recommend Buy Rating

Apple Inc's shares may just reach $600, following reports that the company sold 9 million units of new iPhones in three days. The speculations over a deal with China Mobile may also fuel Apple's stock surge along with recommendations from some of the most respected market analysts.

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