BUSINESS

Australian Stock Market Report – Midday 7/31/13

Overnight US share markets closed mixed as cautious investing pushed the DOW down 1pt at the end of trade ahead of the outcome of the Federal Reserve meeting later tonight. There was a large sell-off in material and energy shares and a shakeup in the potash sector hurt the broader market but we have not seem too much of a reaction on our market today.

China Heat Wave: Forecast to Rise Further, Govt Activates Emergency Response for First Time (PHOTOS)

At least two people have died from the heat wave currently enveloping eastern and southern China, which on Tuesday has breached the 35 degrees C (95 degrees F) mark. For the first time ever, the China Meteorological Administration (CMA) has activated a level two emergency heat wave response as meteorologists forecast temperatures could reach 38 degrees C to 41 degrees C well into the first week of August.
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Material Matters: Oil To Japan, Steel And Iron Ore

-Japanese oil demand growth unlikely-Improved Chinese steel sentiment-Iron ore purity to feature-Australian producers currently profitableBy Eva BrocklehurstJapan's oil demand development is normally low profile as the market focuses squarely on China and India.

Time To Fix Mortgage Rates?

By Peter Switzer, Switzer Super ReportBeing known and hailed in the media as a so-called money guru effectively means that most people are more likely to ask me about what the RBA is going to do before they ask me how I am!And while I know I sound like I'm a shares junkie in most of my writings...

Australian Stock Market Report – Afternoon 7/29/13

Cautious trading today left the Australian market relatively unchanged today with the All Ordinaries closing higher by 0.08 per cent to end at 5027.9pts. Sector performance was mixed as losses in the energy and materials sectors were offset by gains in financial and information technology stocks.

Productive Investments

A few Melbourne Victory football supporters made it to the MCG last night. The rest of the 95,000 were all raving Scousers for a night. They even tried to sing 'You'll Never Walk Alone' in a Liverpudlian accent.

Australian Stock Market Report – Midday 7/29/13

The Australian market started off slightly higher today, after the US stocks closed slightly higher on Friday ahead of a busy week for news and economic numbers. This week for the Aussie market it will all be about reading the data out of the US and watching out for Chinese Manufacturing numbers mid-week.

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