BUSINESS

Global Markets Overview – 11/4/13

The US dollar continues to enjoy a steady recovery with some positive readings on Friday helping it extend its gains. Driving the greenback was a strong ISM report (56.4 versus 55 expected) which saw the US dollar index rise to 80.72. Tapering is the main topic at the moment and every time we receive positive economic readings, expectations of tapering by the end of the year gain momentum. Fed speakers were also a key theme in Friday's trade; with one of the well documented doves, James Bulla...

Australian Stock Market Report – Morning 11/4/13

In US economic news, the ISM manufacturing gauge rose from 56.2 to 2½-year high of 56.4 in October, ahead of forecasts for a result near 55.0. But vehicle sales rose from 15.21 million to 15.23m in October, short of forecasts near 15.4m due to weaker truck sales.

A Trader's Wrap

By Chris Weston, IG MarketsMarkets opened on a modestly positive footing, with US futures opening an hour later for Asia-based traders and heading a touch higher.
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Australian Stock Market Report – Afternoon 11/1/13

The Australian sharemarket fell for the third time this week, with the All Ordinaries Index (XAO) down by 0.3 per cent. Thanks to a 1 per cent rise on Monday however, the market still ended modestly higher this week. This is the 17th week in 19 that Australian shares finished in the black.

Australian Stock Market Report – Midday 11/1/13

Sellers have made several attempts to push the market lower in early trade although the local index has shown the resilience that has become something of a trade mark in recent weeks.

Gold Contributed $110 B to World Economy in 2012

In spite of gold losing much of its sheen in 2013 as global prices plummeted to record-low levels, the yellow metal nevertheless significantly contributes to the global economy.

Global Markets Overview –11/1/13

Reading the moves on the market yesterday I was struck by how limited the moves really were and the tepidness of volumes throughout the entire market.

Australian Stock Market Report – Morning 11/1/13

In US economic news, the Chicago PMI surged from 55.7 to 65.9 in October. This was a high since March 2011. The main driver of the jump was a surge in orders from 58.9 to 74.3. Production jumped from 58.0 to 71.1 and employment lifted from 53.2 to 57.7. Initial jobless claims dipped from 350k to 340k in the past week.

Australian Stock Market Report – Afternoon 10/31/13

Local stocks ended slightly weaker on Thursday. At face value it was an unflattering result although when measured against the lows of the session, when the index was down 32 points, it was a solid come back.

Australian Stock Market Report – Midday 10/31/13

The All Ordinaries Index (XAO) lost ground from the start of today's trading session hit by weakness in the banking sector. Overnight the US Dow Jones Index overnight, closed weaker after the latest statement from the US central Bank (The Federal Reserve) showed little change over the last month.

‘One Night in Paris’: Open Letter to Air France Goes Viral

Jay Harish Shah, an Indian passenger who travelled on Air France, is now demanding a valid explanation for the alleged discrimination against the South Asian passengers who were left stranded at the Charles De Gaulle Airport in Paris.

New Zealand in 5th Place in 2013 Legatum Prosperity Index

New Zealand ranks fifth in world’s most prosperous nation to live in, based on the 2013 Legatum Prosperity Index. The international report contains the rankings of 142 nations in terms of wealth and well-being.

Oil And The Libyan Effect

By Jonathan BarrattWe continue to be bearish oil in 2014, however we are fully aware the market takes time to find its terminal point given a particular set of ideas.

Australian Stock Market Report – Morning 10/31/13

In US economic news, consumer prices rose by 0.2pct in September with the core rate up 0.1pct, below forecasts for a 0.2pct gain. The ADP employment index shows that 130,000 private sector jobs were created in October, below forecasts of a 150,000 gain.

Facebook Can Predict Break-up for Couples, Researchers Claim

As abstract as love can be, two researchers claim that a method called Facebook mapping on couple's mutual friends can predict if couple - whether in a relationship, engaged or married - will likely end up falling apart and separating.

Australian Stock Market Report – Afternoon 10/30/13

Despite giving back some of the more significant gains recorded at midday, the Australian market still managed to rise for the fourth time in five trading sessions and for the 10th time in 12. Chinese economic data out over the past few weeks has been largely promising while the political situation in the US is in better shape for now.

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