BUSINESS

Australian Stock Market Report – Afternoon September 29, 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 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.
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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 –Afternoon September 26, 2014

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...
Stock Market

Australian Stock Market Report – Midday September 26, 2014

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...
Federal Reserve

Global Markets Overview –September 26, 2014

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.
Stock market indices

Australian Stock Market Report – Morning September 26, 2014

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.
U.S. Fed's Hard Line on Funding to Bring more Pain to Wall Street

Australian Stock Market Report – Afternoon September 25, 2014

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...
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 – Midday September 25, 2014

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 ...
Scaffolding is seen at the construction site of a new home in Carlsbad, California September 22, 2014. U.S. manufacturing activity hovered at a near 4-1/2-year high in September and factory employment surged, supporting views of sturdy economic growth thi

Australian Stock Market Report – Morning September 25, 2014

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.
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 – Afternoon September 24, 2014

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 ...
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 September 24, 2014

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...
Filipino-Chinese business tycoon Henry Sy Sr (2nd R, on wheelchair) waits with family members and government officials to take part in the opening ceremony of SM Aura Premier shopping mall in Taguig, Metro Manila

Viral Photo: Philippine Mall Giant Pulls Out T-Shirt With Rape Joke

A photo of a T-shirt with an offending message became viral on Facebook and other social media sites after Filipinos criticised the manufacturer for its rape joke. The strong negative sentiment about the said apparel led Philippine mall giant SM Supermalls to pull out the item from its shelves.
Morning commuters pass by the New York Stock Exchange September 15, 2014.

Australian Stock Market Report – Midday September 23, 2014

Opening trade for local stocks saw sellers remain with the upper hand in terms of conviction and in psychological terms. The ASX 200 was down by 6 points at first trade and went on to post a loss of 25 points at the worst levels of the morning. However as the first hour of trade was completed and the HSBC reading on Chinese manufacturing came into focus the ambition of sellers began to fade and a bottoming out process became evident. In the face of the sustained selling pressure that has been a ...

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