BUSINESS

Global Markets Overview – November 12, 2014

A screen displays news on the Dow Jones Industrial Average just after the opening bell on the floor of the New York Stock Exchange October 15, 2014. U.S. stocks opened sharply lower on Wednesday as economic data reinforced concerns about the health of the
The quiet November trade period continues to leave the market to its own devices. The US markets opened and closed largely unchanged to see the DOW and the S&P just resting against the record prints fromMonday.
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A pedestrian is reflected in the window of the Australian Securities Exchange with boards displaying stock movements, in central Sydney September 24, 2014. Australian shares lost 0.7 percent on Wednesday morning as Wall Street fell overnight for a third s

Australian Stock Market Report – Midday November 10, 2014

Sellers have applied their weight to the share market on Monday, discriminating little between the various sectors. Mining and energy stocks however have escaped the attention that has seen financials lead the way lower after Westpac (WBC) went ex-dividend, shedding more than 3.5% in the process. The softer tone is a reflection of a similar experience to that of US stocks on Friday after jobs data missed expectations. Figures from The US Bureau of Labour Statistics showed that non-farm payrolls ...
Traders work on the floor of the New York Stock Exchange shortly after the markets open in New York November 7, 2014.

Global Markets Overview – November 10, 2014

I remain tepid about November trade, having seen the US markets returning to record all-time highs and more talk on the Street is that we're heading for 8% to 10% gains over the next 12 months.
Sam Walsh, chief executive of mining giant Rio Tinto, takes part in a summit dialogue at the APEC CEO Summit at the China National Convention Centre (CNCC) in Beijing November 9, 2014, part of the Asia-Pacific Economic Cooperation (APEC) Summit.

Despite Decline In Iron Ore Prices, Rio Tinto To Keep 2014 Output Target

When mining giant Rio Tinto (ASX: RIO) holds it stockholders annual meeting in February 2015, the firm is hopeful it could bring a smile to shareholders on hearing news of higher dividends when it announced full-year results. The confidence comes from higher revenue due to sticking to plans to boost output despite lower iron ore prices in the international market.
Cattle stand in pens where they arrived from different ranches in the Amazon basin before being trucked to a port for export overseas, in Moju, Para state, near the mouth of the Amazon river, November 7, 2013. With steps afoot to ease import restrictions,

Australia-China Beef Deal To Boost Aussie Economy By $1.8B

The $1 billion agreement between China and Australia that would result in the export of 1 million cattle to the Asian giant would also boost the Aussie economy by $1.8 billion. The deal is expected to be officially finalised on Monday by Australian Prime Minister Tony Abbott and Chinese President Xi Jinping on the sidelines of the APEC Summit hosted by Beijing.
Employees work at a factory run by PIKO, a model railway manufacturer, in the eastern German town of Sonneberg, October 9, 2014. The small town fell into crisis when East and West Germany reunified but an influx of new firms has helped its economy grow mo

Australian Stock Market Report – Morning November 10, 2014

In the US, non-farm payrolls (employment) rose by 214,000 in October, short of forecasts tipping a 231,000 gain. Unemployment fell to a 6-year low of 5.8%. Average earnings rose by 0.1%. The labour force participation rate rose from 62.7% to 62.8%.
n office worker walks past an Australian Securities Exchange (ASX) window showing the main losses for the day in central Sydney July 23, 2012. Australian shares slumped 1.7 percent on Monday, the biggest one-day fall in seven weeks, as investors fled from

Australian Stock Market Report – Afternoon November 7, 2014

The Australian sharemarket has recovered yesterday's losses, with all ten sectors finishing firmer. The All Ordinaries Index (XAO) gained 0.78 per cent or 42 points to 5,522, while the S&P/ASX 200 Index (XJO) climbed 0.78 per cent or 43 points to 5,549. The market was boosted by strong gains in the materials and energy sectors and even the financial sector managed to shrug off early losses to finish the day in positive territory. Over the course of the week the ASX 200 has gained 0.4%, markin...
Office workers are reflected as they walk 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

Australian Stock Market Report – Midday November 7, 2014

Local shares started the last session of the week on the front foot following encouraging gains for US and European markets over night. The ASX opened with a small loss, down 6 points before trading with a gain of 33 points at the best levels of the morning. The early optimism reflected gains seen overseas which were driven by the hope of more central bank led action to promote economic growth. The European Central Bank President Mario Draghi said the bank's governing council was unanimous in...
A metal sculpture depicting a stock exchange chart is seen in the reception hall of the Athens Bourse in Athens September 11, 2014. Greece on Thursday set the pricing on its offer to top up its recent three- and five-year bonds by about 1 billion euros (U

Global Markets Overview – November 7, 2014

It was a busy night for global markets, as investors digested a raft of releases and events from Europe and the US. In Europe, the BoE and ECB both kept policy unchanged. However, the latter's press conference drew significant attention, as the central bank said it expects its balance sheet to move towards 2012 levels. Essentially, this implies the balance sheet is set to increase by around a trillion euros. At the same time, the ECB reinforced its commitment to using other unconventional pol...
Unemployment

Australian Stock Market Report – Morning November 7, 2014

In the US, jobless claim fell by 10,000 to 278,000 last week. The Labour Department also reported that hourly compensation increased at a 2.3 per cent rate in the September quarter. Labour productivity rose at a 0.3 per cent rate in the September quarter after a decline of 0.5 per cent in the June quarter.
A pedestrian talking on his phone is reflected in the window of the Australian Securities Exchange as an investor watches boards displaying stock prices in central Sydney October 16, 2014. Australian shares slid 1.1 percent on Thursday after U.S. stocks l

Australian Stock Market Report – Afternoon November 6, 2014

The local sharemarket continued its downward slide this afternoon, closing firmly in the red. The All Ordinaries Index (XAO) lost 0.32 per cent or 17pts to 5,475, while the S&P/ASX 200 slipped 0.29 per cent or 16 pts to 5,501. The market was weighed down by falls in the mining and financial sectors. Volumes saw 1.9 billion shares exchanged worth $5.3 billion. 386 stocks ended higher, 571 closed lower and 321 were unchanged.
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 November 6, 2014

After several sessions where a weaker tone had prevailed locally, early trade on Thursday saw buyers re-emerge to assert themselves once again in the Australian sharemarket. The improved tone was a reflection of the gains seen in Europe and the US overnight. In Europe the FTSEurofirst 300 index rose by 1.7%, the UK FTSE gained 1.3% and the German Dax lifted by 1.6% as investors showed no anxiety ahead of the European Central Bank meeting on Thursday which is seen as bringing news of fresh stimul...

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