The second half of the trading session on Monday provided a little more cause for optimism compared to its earlier counterpart. Buyers finally found some resolve around lunchtime and the ASX 200 was able to recover a solid portion of the early losses. At the best levels of the session the market was down, The ASX200 ending the day down by 0.9 per cent at 5,264.2 points.
To counter bad press on its newly launched iPhone 6 and iPhone 6 Plus due to complaints that the flagship devices bend easily, Cupertino-based Apple provided a tour of its facility where gadgets manufactured by the tech giant undergo torture tests.
A woman from Auckland was outraged to wake up one day and see her house and car covered in "clumps of poo." She blamed passing aircraft for dumping waste on her property.
There was a solid bounce in the US markets Friday night, as Q2 GDP was revised to 4.6% on an annualised basis from 4.2% previously.
Environment Minister Greg Hunt approved over the weekend the $2.2 billion North Galilee Basin Rail project. However, the final approval would be based on Indian mining company Adani meeting 23 conditions.
In US economic data, the final reading on US June quarter GDP was revised up from 4.2% to 4.6%. The result was in line with expectations. The major contributors were a lift in business investment and stronger exports (up 11.1% in June quarter and the biggest gain since 2010). Inflation as measured by the PCE index was unchanged at a 2.3% annual rate. The final University of Michigan Consumer Confidence reading for September held steady at 84.6 and was well ahead of the August result of 82.5.
Apple Inc shares bounced back after a grueling week of botched iOS 8.0.1 software updates and cases of "bending" iPhone 6 Plus units. After falling below $100, Apple stock recovered at $100.44 as of Sept. 26.
Australia continues to be New Zealand's leading investor with assets worth $115 billion. The New Zealand dollar has fallen to a new low after the central bank expressed its concerns of a possible intervention.
The second half of the session on Friday saw the ASX 200 trade around the lows of the day with a sense that sellers could make an opportunistic move at any time to take the index to new lows. With the losses of recent weeks continuing to mount, the ASX 200 has now seen all of the gains for the year to date erased. At the close of the session the index is now down 1.3 per cent at 5,313.4 points. Corporate and economic news has been limited in recent days. This dearth continued into Friday leaving...
It took 9 bending complaints to steal the thunder from the successful launch of Apple's iPhone 6 and iPhone 6 Plus which saw 10 million orders in 24 hours. Now, the pliant flagship seems to be the "laughing stock" of the smartphone world as rival gadget makers poke fun at the flexible device.
Friday morning saw a sadly familiar tale play out for the local share market once again. Selling arrived in another wave at the open after a grim session for stocks in Europe and the US overnight. European shares fell sharply on Thursday, hitting one-month lows in late trade. US share markets slumped led lower by a drop in Apple shares. Geopolitical concerns came to the fore after the Russian high court paved the way for the seizure of foreign assets. An ongoing theme was the rising US dollar wh...
A Paraguay bishop accused of shielding a paedophile priest has been sacked by the Vatican.
It was risk off for global equities with investors focusing on geopolitical risk and repricing of fed hike expectations. While both these themes have been known for a while, it seems the fact price action just continues to deteriorate is discouraging investors from jumping back into equities.
In US economic data, durable goods orders fell by a record 18.2% in August after lifting by a record 22.5% in July. The fall was in line with expectation (-18%). Excluding volatile transportations orders rose 0.7% in August. US jobless claims rose by 12,000 to 293,000 in the past week. US flash composite PMI eased from 59.7 to 58.8 in September.
The global insurance industry is bracing itself for a $600 million hit for 2014 in the aftermath of the two Malaysia Airlines tragedies and the seizure by rebels of the Tripoli airport in Libya.
Apple said on Thursday that it would replace all iPhone 6 and iPhone 6 Plus that have bent as a result of placing it inside pants pocket for a period of time.
The influence of the strong session on Wall Street overnight faded over the course of the Asian session in general on Thursday. In form that has become typical for the Aussie market, buyers continued to withdraw over the second half of the day, and sellers retained the edge. This was best reflected in the final result which saw the ASX 200 end with a 6 point gain, having been up as much as 37 points in the first half hour of trade. The afternoon session began with another lunge from sellers as t...
The local share market continued the ebb and flow of recent days. There was a short lived flourish at the open that saw the market with a near 37 point gain at its peak in the first half hour of the session. Buyer conviction then waned and a low for the morning was put in place when the index was up almost 7 points. A level to keep in mind in terms of support for the ASX 200 for the remainder of the week is the area around 5338, which is the low that was made in a push lower during Tuesday's ...
Some of these notable institutions have produced world leaders and Nobel-prize winners
At least three provinces in Canada now have patients inflicted with the rare enterovirus D68. These are in Alberta, British Columbia and Ontario.
Even if Philippine shopping giant SM had removed the offensive rape joke T-shirt from its flagship store in Megamall, the apparel continues to be available online.
The S&P is yet to experience four consecutive days in the red this year after closing in the green overnight.
In US economic data, new home sales surged by a surprising18% in August to a seasonally adjusted rate of 504,000 units - the highest level in six years. Despite the rise in sales the stock of new houses lifted to a four-year high. At August's sales pace it would take 4.8 months to clear the supply of houses on the market.
Apple Inc has done "extremely well" in the eyes of analysts who maintained an Outperform or Buy rating on Apple's stock. Apple has set a new record for iPhone opening weekend sales at 10 million units.
Most of the vim and vigour for the local market was seen within the first few hours of trade today. During this time sellers trampled on the gains of yesterday and for the remainder of the session the market ebbed and flowed within sight of the lows of the session. The tone of the session deteriorated after a late push was made by sellers which succeeded in pushing the market to new lows for the day. The ASX 200 after trading at 5378.3points at midday closed the session slightly lower by 0.7 of ...
Vatican has done the unimaginable and impossible on Tuesday when it placed under house custody former Dominican Ambassador Josef Wesolowski over pedophilia charges. It was the first time the Vatican has ever executed an arrest in its ranks inside the city state.
Cases of Ebola infections in Liberia and Sierra Leone could reach millions as early as January 2015.
The most pressing question for market participants ahead of Wednesday's trading session was whether the ASX 200 could sustain the gains that were made a day earlier. To the disappointment of optimists, the answer was one offer almost immediately. Sellers pushed the index down 10 points at the first trade. The market was down 25 points before there were any visible signs that buyers were making some form of effort. At the lows of the morning the index had shed just over 52 points. Thereafter a...
Syrian President Bashar al-Assad was informed of the U.S.- led airstrikes.
The global slide continues - small cap equities saw sustained downward pressure and the trend is starting to spread to the large cap space as well.
