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Australian Stock Market Report –Afternoon December 18, 2014

The local sharemarket has finished firmly in the black, following a strong lead from European and US markets. The S&P 500 enjoyed its best one day gain in a year, after the US Federal Reserve signalled it was on track to raise interest rates next year - reinforcing the strength of the US economy. That positive lead helped the All Ords finish up 1 percent to 5,189.

Australian Stock Market Report – Midday December 18, 2014

An office worker talks on his phone as he looks the stock board at the Australian Securities Exchange (ASX) building in central Sydney June 15, 2012. Asian shares edged up on Friday, and the euro held most of the previous session's gains, as nervous inves
The Australian share market opened the session with a solid gain for the second consecutive session on the Thursday. The strong tone for the first half of the session came in the wake of similar gains for US and European markets in the last 12 hours. US share markets rallied sharply after the Federal Reserve gave a strong signal that it was on track to raise interest rates at some point next year - pointing to confidence in the US economy. At the close of trade, the Dow Jones was up by 288 point...
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The stock board at the Australian Securities Exchange (ASX) is seen in central Sydney November 6, 2008. Australian shares fell 3.8 percent on Thursday, driven down by miners such as BHP Billiton Ltd, after U.S. economic data stoked fears of a prolonged sl

Australian Stock Market Report – Afternoon December 17, 2014

The Australian share market has ended a 6 session losing streak on Thursday with a gain of 9.6 points. The ASX 200 trade through a range of 41 points from low to high. The market was down 2 points at its worst levels and up 39 points at its best.
Vittorio Hernandez Dec 17, 2014
Today's Ordinaries Index curve is seen at the Australian Securities Exchange (ASX) in central Sydney August 23, 2010. Australian financial markets bet on Monday that inconclusive weekend elections would deliver a change of government, ushering in a new mi

Australian Stock Market Report – Midday December 17, 2014

Buyers have made a rare impression on the ASX 200 in early trade on Wednesday. After 6 consecutive sessions of losses the share market has spent the morning in positive territory, having opened with a small loss of 2 points, before moving on to a gain of 33 points at session highs. As lunchtime approached the ASX 200 was ahead by 32 points.
Vittorio Hernandez Dec 17, 2014
A man checks currency exchange rates at an currency exchange office in Istanbul December 16, 2014. The Turkish lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia, a fellow emerging market

Global Markets Overview – December 17, 2014

Equities rebounded in European trade whilst US equities struggled as investors exercised caution heading into the FOMC meeting. Additionally, oil prices remained extremely volatile, with weakness prevailing. In Europe, traders focused on surprisingly firmer manufacturing and services PMIs, along with a vast improvement in the ZEW economic sentiment readings.
Vittorio Hernandez Dec 17, 2014
A man works atop of a building constructing site in Tokyo December 15, 2014. Japanese big manufacturers' sentiment worsened slightly in the three months to December but corporate spending plans were strong, a closely watched central bank survey showed, hi

Australian Stock Market Report – Morning December 17, 2014

In US economic data, housing starts fell by 1.6% in November to a 1.028 million unit pace. Building permits fell by 5.2% in November. Despite the mild pullback the housing sector continues to see healthy improvement. The Markit Flash PMI eased from 54.8 to 53.7 in December - a 11 month low. A reading above 50 still signalled an expansion in activity. Across the sub-indices output and employment expanded at a slower pace.
Vittorio Hernandez Dec 17, 2014
The February 4 and 5 curves are seen at the board at the Australian Securities Exchange (ASX) in central Sydney February 5, 2010. Australian shares fell 2.8 percent on Friday to their level lowest in five months, as investors fled from riskier assets on f

Australian Stock Market Report –Afternoon December 16, 2014

Losses worsened this afternoon with Australian shares falling by 0.7 per cent and closing at a fresh two-month lows in the process. The ASX 200 Index lost 0.7 per cent with both mining and energy industries slumping by around 2 per cent.
Vittorio Hernandez Dec 16, 2014
The main indicator of the Australian Securities Exchange (bottom R) is seen in red shortly after the local market opened in Central Sydney October 4, 2011. Australian stocks eased 0.6 percent on Tuesday, pressured by falls in global equities markets in a

Australian Stock Market Report – Midday December 16, 2014

Australian shares are falling for the sixth straight session and trading at two month lows. The ASX 200 Index is down 0.5 per cent with the energy and mining sectors continuing to be the main liabilities.
Vittorio Hernandez Dec 16, 2014
Paramedics remove an injured woman on a stretcher from the Lindt cafe, where hostages were being held, at Martin Place in central Sydney December 16, 2014. Australian security forces on Tuesday stormed the Sydney cafe where several hostages were being hel

Australian Dollar Outlook – December 16, 2014

The Sydney siege ends in tragic circumstances in the early hours of this morning with a sad loss of life for some innocent people. Market moves in Australia remain dominated by global events.
Vittorio Hernandez Dec 16, 2014
An oil field is seen at sunrise near Bakersfield, California October 14, 2014. Brent crude hit a new four-year low on Wednesday before recovering to just under $85 a barrel, as faltering global growth curbed demand for fuel at a time of heavy oversupply.

Global Markets Overview – December 16, 2014

Equities tapered off in the US and tracked weakness seen in Asian and European trade. Turmoil in the energy space continued to cloud positive developments on the US economic data front.
Vittorio Hernandez Dec 16, 2014
A man carries an umbrella in the rain as he passes the New York Stock Exchange October 16, 2014. Stocks on Wall Street rebounded from earlier lows on Thursday to trade little changed as a flurry of economic reports helped ease fears a weakening global eco

Australian Stock Market Report – Morning December 16, 2014

In US economic data, industrial production rose by 1.3% in November after advancing by 0.1% in October - marking the largest rise since May 2010. Capacity utilisation rose from 79.3 to 80.1 - the highest reading since March. The New York Fed Empire State index fell from +10.16 to -3.58 in December - the first negative result in almost a year. US NAHB Housing Market Index eased from 58 to 57 in December - highlighting that home builder sentiment remained relatively optimistic.
Vittorio Hernandez Dec 16, 2014
A police officer runs across Martin Place near Lindt Cafe where hostages are being held, in central Sydney December 15, 2014. Dozens of hostages were trapped inside the central Sydney cafe on Monday, with local television showing some being forced to hold

Australian Stock Market Report – Midday December 15, 2014

Australian shares at 2.30pm AEDT are down by 0.6 per cent; adding to last week's 2.2 per cent slump. Although most sectors are losing ground the telcos, IT stocks, utilities and healthcare industries are modestly firmer. Mining companies are faring worst; with BHP Billiton (BHP) down 1 per cent and Rio Tinto (RIO) is down 1.1 per cent.
Vittorio Hernandez Dec 15, 2014
Japan's Prime Minister Shinzo Abe, who is also leader of the ruling Liberal Democratic Party (LDP), reacts during a news conference at the LDP headquarters in Tokyo, December 14, 2014.

Global Markets Overview – December 15, 2014

Global equities extended their slide on Friday, with investors continuing to focus on the slump in oil prices. Oil remained at levels not seen since mid-2009 with WTI remaining below $60 per barrel. Apart from China, which benefited from some surprisingly solid data, the rest of the globe struggled on Friday. Retail sales and fixed asset investment were mildly better than expected, but industrial production fell short presumably due to factory closures ahead of the APEC summit.
Vittorio Hernandez Dec 15, 2014
Shoppers look through a bin full of pajamas inside a Target store on the shopping day dubbed "Black Friday" in Torrington, Connecticut November 25, 2011. The U.S. holiday shopping season was in full-swing on Thursday, with retailers hoping consu

Australian Stock Market Report – Morning December 15, 2014

In US economic data, consumer sentiment rose from 88.8 to 93.8 in December - a near eight-year high. The survey's barometer of current economic conditions rose from 102.7 to 105.7 - highest level since February 2007. The survey's one-year inflation expectation rose from 2.8% to 2.9%.
Vittorio Hernandez Dec 15, 2014

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