BUSINESS

Australian Stock Market Report – Midday 8/6/2012

The Australian share market has kick started the trading week on a positive note, thanks to strong jobs numbers out of the US on Friday. 163,000 jobs were created in the US economy in July, above expectations. The jobs numbers saw European shares hit a four month high on Friday night, while US stocks were also propelled. Locally, the All Ordinaries Index (XAO) is up 49.7pts or 1.2pct at lunchtime in the East to 4292.7pts.

Ecuadorian Court Fines Chevron $19B for Amazon Pollution

An Ecuadorian court ordered on Sunday oil and gas giant Chevron to pay $19 billion fine for polluting the Amazon province of Sucumbios. Court Attorney Juan Pablo Saenz warned Chevron of oil embargoes if Chevron would not comply with the court fine.
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Visa Rolls Out Spending Cards for Kids

Visa had rolled out a transaction card and identification document for British children. Called VisaCitizenCard, the plastic money allows the loading of money in a prepaid card for use in daily transactions.

Australian Stock Market Report – Midday 8/3/2012

The Australian sharemarket is losing ground for the second time this week. The All Ordinaries Index (XAO) is down 1 pct or 42 pts to 4248.1. No sectors are escaping the selling, with the miners by far the biggest drag on trade.

London Olympics: Where, oh Where Have We Gone Wrong?

Looks like the Australian 2012 Olympic team could be receiving a mind-blowing, hard-knock whipping once it gets back home. After six days of competition, the delegation has yet to add another gold to uplift its tarnished honor.

The Way Forward For The Major Portals + E-Ave Wrap-Up

On Yesterday’s Electric Avenue Show – I shared an insight into what I see as ‘The Way Forward For The Major Real Estate Portals’ + A FREE Tool for Real Estate Agents who are looking to Building Their Online Profile (newly released via one of the major portals).

China’s Economy – How the Devil is in the Detail

According to the latest manufacturing data on China, the Chinese economy actually recovered slightly from last month, thanks to a renewed burst of bank lending and a directive from the top to fast track projects and 'build stuff'. But the devil is in the detail for China.

The Overnight Report: Zip

By Greg PeelThe Dow closed down 92 points or 0.7% while the S&P lost 0.7% to 1365 and the Nasdaq fell 0.

Retail Sector Grows Anew in June, Exceeds Market Forecasts

Buoyed by the lower cash rates imposed by the Reserve Bank since the start of 2012 and a generally robust economy, Australian households ramped up their spending in June that led to retail sales jumping by 1.4 per cent in the month.

Australian Stock Market Report – Afternoon 8/2/2012

The Australian sharemarket edged higher today for the fifth time in six sessions. The All Ordinaries Index (XAO) rose by just 0.2 pct or 7.4 pts to 4290.1, receiving a boost by some better than expected economic news earlier in the day. Despite the gains, investors still seemed cautious to overcommit to markets ahead of the all-important European Central Bank (ECB) meeting tonight. ECB President, Mario Draghi last week hinted at stimulus and now has much to live up to.

Australian Stock Market Report – Midday 8/2/2012

The Australian share market lost some ground for the first time in five trading sessions yesterday. Overnight most European markets moved higher as investors positioned themselves ahead of the European Central Bank (EBC) meeting tonight. US markets were only slightly lower before the outcomes of the 2 day meeting of the US Federal Reserve (FED RES) were revealed. Unfortunately the FED RES did not give investors what they were expecting. The views of the Fed members were in line with our current ...

Australian Stock Market Report – Afternoon 8/1/2012

The Australian sharemarket lost some ground for the first time in five trading sessions today. The All Ordinaries Index (XAO) eased by 0.2 pct or 6.7 pts to 4282.7. Two worse than expected economic reports issued in China kept the market in negative ground for much of the day.

London Olympics: Will Australia’s Medal Tally Go Beyond 6?

After four days of stiff and neck and neck competition in the 2012 London Olympics, Australia's total medal tally has so far reached six - one gold, three silver and two bronze. Australia's standing is in the 12th place on the medal tally.

Australian Stock Market Report – Midday 8/1/2012

We saw a big turnaround in market sentiment overnight. The excitement of more central banks stimulus was washed away by end of month trading and concern over weak employment and sales numbers out of Europe. European markets are still awaiting the outcome of The European Central Bank (EBC) meeting on Thursday. Overnight the news that the, 17 nation, Eurozone saw its unemployment rate climb to a new Euro-era high of 11.2% hit the markets hard.

Microsoft’s Rebranding Efforts Morph Hotmail to Outlook

Microsoft has unveiled plans to retire its Web-based e-mail service Hotmail, replacing it with the social media-integrated Outlook that is currently in preview play and readily accessible to millions of existing Microsoft e-mail patrons around the world.

Euro And Aussie Up

FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons starts off his commentary on a regularly covered topic, the EUR/USD Weekly chart, pointing out the low reached last week is in an extremely important technical area of a prior weekly...

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