BUSINESS

Housing

Australian Stock Market Report – Morning October 28, 2014

In the US, pending home sales rose by 0.3% in September after falling by 1% in August. US building permits were revised higher to a lift of 2.8% in September (previously 1.5%). The Markit "flash" service sector PMI slipped from 58.9 to 57.3 in October - the lowestresult since April.

Australian Stock Market Report – Afternoon October 27, 2014

Monday afternoon provided more encouragement for market optimists with the ASX 200 remaining in the vicinity of session highs over the second half of the day. This fact was impressive for the fact that miners moved back into the red as a group following a recovery earlier in the morning.
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Traders work on the floor of the New York Stock Exchange, December 11, 2008.

Australian Stock Market Report – Midday October 24, 2014

Australian shares are rising for the eighth time in nine sessions and have completely made up for yesterday's pullback. The All Ordinaries Index (XAO) is up 0.3 per cent or 19pts to 5388. If the gains are maintained this afternoon this will be the best week for local shares since mid-February.
The national flag of China flutters behind a fence of the headquarters of the National Development and Reform Commission (NDRC) in Beijing, in this July 12, 2013

Global Markets Overview – October 24, 2014

Equities bounced back strongly in a move triggered by a round of PMI prints from China and the eurozone. This eased some of the global growth concerns that had escalated recently and the gains managed to extend through US trade as earnings continued to impress. Results from Caterpillar, Microsoft and 3M were all strong, but Amazon didn't do particularly well after-market. Caterpillar is generally considered a bellwether for growth and while it's encouraging to see the company perform well,...
Car manufacturing

Australian Stock Market Report – Morning October 24, 2014

US economic data, jobless claims rose by 17,000 to 283,000 last week. US markit "flash" manufacturing fell by 57.5 to 56.2 October. Across the sub-indices, new orders growth eased markedly, with new export sales falling sharply. US FHFA home prices rose 0.5% in August to be up 4.8% over the year. The US leading indicators index rose by 0.8% in September - pointing to solid growth economic for the rest of the year.
Specialist traders work at the post that trades Alibaba Group Holding Ltd during the company's initial public offering (IPO) under the ticker "BABA" at the New York Stock Exchange in New York September 19, 2014.

Sydney Software Firm Bigcommerce Teams Up With Alibaba To Beat Amazon

Fresh from its New York initial public offering (IPO) that raised a record $25 billion fresh capital, Chinese e-commerce giant Alibaba (NYSE: BABA) has partnered with an Australian software company. Its team up with Bigcommerce is expected to further rival its US competitor Amazon.
Manufacturing

Australian Stock Market Report – Morning October 23, 2014

US economic data, the Consumer Price Index rose by 0.1% in September while the core index (excludes food and energy) also rose by 0.1%. Prices are up 1.7% on a year ago. The mortgage market index soared by 11.6% with the refinancing index up 23.3% in the latest week.
A man looks the board of the Australian Securities Exchange in central Sydney August 7, 2013. Australian shares skidded 1.3 percent on Wednesday, its biggest fall in five weeks, hit by sharp falls in miners and financials as regional markets tracked a sof

Australian Stock Market Report – Afternoon October 22, 2014

The feature of the second half of Wednesday's trade was the ASX 200 recovering from a flat spot in late morning trade to make new session highs over the afternoon. The gains of the day were the best improvement of the current winning streak which has lasted for seven sessions.
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 – Midday October 22, 2014

The positive tone for the Australian share market has extended into Wednesday following solid gains for Wall St overnight. US stocks recorded strong gains on Tuesday supported by healthy corporate results. The S&P 500 has now gained more than 6% since its session low last Wednesday. In Europe stock indices rose on speculation that the European Central Bank is considering buying corporate bonds to revive the region's economy. Reports suggested a plan could be approved by December and start ear...
Bank of England Governor Mark Carney (L) and European Central Bank Governor Mario Draghi speak before a meeting of the International Monetary and Financial Committee (IMFC) at the World Bank/IMF annual meetings in Washington October 11, 2014.

Global Markets Overview – October 22, 2013

'Volatility is a natural part of markets, whereas highly accommodative monetary policy is not.' This was my statement on Monday about the effect of monetary policies on markets - it acts as a volatility depressor.
Asian stock market

Australian Stock Market Report – Afternoon October 21, 2013

Australian shares faded this afternoon to end a touch lower for the first time in six days. The All Ordinaries Index (XAO) fell by 0.1 per cent following the 0.9 per cent improvement on Monday. Better than expected Chinese economic news initially boosted markets and currencies at 1pm AEDT.

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