BUSINESS

Australian Stock Market Report – Morning January 14, 2015

Britain's Chancellor of the Exchequer George Osborne (L) examines a children's toy at market stalls promoting the livelihoods of small business owners at Downing Street in London, December 5, 2014.
In US economic data, a survey of small businesses - the NFIB business optimism index - rose from 98.1 to 100.4 in December. The JOLTS job openings index rose from 4.83 million to 4.972m in November. And chain store sales were up by 3.8% in the latest week on a year ago, down from the 4.3% gain in the previous week.

Australian Stock Market Report – Afternoon January 13, 2015

New York Stock Exchange
The market has managed to recover some of its earlier losses to finish the session in the middle of the day's range - helped by better-than-expected Chinese trade data. The All Ordinaries Index (XAO) slipped 17 points or 0.3 percent to 5,382, while the ASX 200 (XJO) lost 18 points or 0.3 percent to 5,404. Eight out of the 10 sectors closed lower.
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People work at the West Qurna oilfield in southern Basra October 13, 2014. Oil prices are hovering just above $90 per barrel, a level last seen in June 2012, putting a strong spotlight on OPEC producing countries. They face calls to cut output at, or befo

Global Markets Overview – January 13, 2015

There is no escaping crude's effect on global markets. A fresh five-and-a-half-year low in both West Texas Intermediate (WTI) and Brent now see the oil prices well below US$50 barrel as it marches towards the expected support level of US$40 a barrel.
Cyclists ride around Hoan Kiem lake during a trans-Vietnam cycling tournament in Hanoi December 13, 2014. As many as 300 riders representing 15 domestic and two foreign teams (Laos and Cambodia) are participating in a trans-Vietnam cycling tournament from

Raffles Hotel In Perth Bans Cyclists In Lycra Shorts

The Raffles Hotel in Perth has officially banned Lycra shorts on its premised. The prohibition was because of the complaint of hotel guests that many cyclists who wear Lycra biking outfits are sweaty and smelly.
Stock market

Australian Stock Market Report – Afternoon January 12, 2015

The Australian sharemarket has followed US and European markets into negative territory today - putting an end to a two-session rally. The All Ords (XAO) has closed near the day's lows, losing 0.7 percent to 5,399. While the ASX 200 (XJO) fell 0.8 percent to 5,422.
A man is reflected as he walks past the Australian Securities Exchange building in central Sydney April 8, 2011. Singapore Exchange Ltd has terminated its $8 billion bid for Australia's ASX Ltd after the Australian government formally rejected the offer o

Australian Stock Market Report – Midday January 12, 2015

Australian shares have kicked off the trading week in the red following the best gains of the year on Friday. The ASX 200 Index is down 0.4 per cent with all sectors losing ground. This follows global sharemarket weakness and a drop in commodity prices.
A man walks into a Centrelink, part of the Australian government's department of human services where job seekers search for employment, in a Sydney suburb, August 7, 2014. Australia's jobless rate jumped to a 12-year high of 6.4 percent in July in what c

Australian Stock Market Report – Morning January 12, 2015

In US economic data, non-farm payrolls (employment) rose by 252,000 in December, ahead of forecasts for a gain of 240,000. The unemployment rate fell from 5.8% to 5.6%. And average earnings fell by 0.2%, short of forecasts for a 0.2% gain. And wholesale sales fell 0.3% in November with inventories up 0.8%.
Traders work on the floor of the New York Stock Exchange shortly after the markets open in New York November 7, 2014.

Australian Stock Market Report – Afternoon January 9, 2015

The local share market has wrapped up the last trading day of the week on a positive note, finishing close to the day's highs. The All Ords (XAO) jumped 80 points or 1.5 percent to 5,440, while the ASX 200 (XJO) climbed 84 points or 1.5 percent to 5,465.
An office worker is reflected in the window of the Australian Securities Exchange building displaying the ASX50 curve for Wednesday in central Sydney August 7, 2013. Australian shares skidded 1.3 percent on Wednesday, its biggest fall in five weeks, hit b

Australian Stock Market Report – Midday January 9, 2015

The Australian sharemarket is off to its best start of the week with the ASX 200 Index up by 1 per cent. This is ahead of the single most important piece of data; the US non-farm payrolls (a monthly jobs report) out tonight at 12.30am AEDT.

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