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A worker walks at the Nahr Bin Umar field, north of Basra, southeast of Baghdad, November 16, 2014. OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Picture take

Australian Stock Market Report – Midday December 1, 2014

A new month and a new week has started the same way the last month ended, with sellers in control. The ASX started the session with a 5 point loss before trading to the low point of the morning where the index chalked up a deficit of almost 47 points. Over the course of the morning there was little evidence that buyers saw value at the newly discounted levels which had taking the market to the lowest levels in around 6 weeks.
Vittorio Hernandez Dec 01, 2014
A worker walks at the Nahr Bin Umar field, north of Basra, southeast of Baghdad, November 16, 2014. OPEC producer Iraq expects to base its 2015 budget on an oil price of $80 per barrel, Oil Minister Adel Abdel Mehdi told parliament on Monday. Picture take

Australian Stock Market Report – Afternoon November 28, 2014

The weak tone seen in the first half of the session remained over the course of the afternoon. The ASX 200 was unable to recover from the session lows which was where the index spent most of the session. Over the course of the week the index gained 0.16%
Vittorio Hernandez Nov 28, 2014
A view of skyrise buildings in Manila's Makati financial district May 3, 2013. Standard

While Asian Property Markets Are Cooling, 92% Of Philippine Real Estate Agents & Brokers Are Positive About Next 12 Months

Cooling measures put in place by some Asian government such as Hong Kong and Singapore had displaced demand for real estate in the region. Because of the significant impact of the measures on transaction volumes, market experts foresee some of those restrictions being lifted in the next 12 months, forecasts Liam Bailey, global head of residential research at Knight Frank, in the white paper of leading property portal Lamudi.
Vittorio Hernandez Nov 28, 2014
A man works at the West Qurna oilfield in southern Basra October 13, 2014.

Australian Stock Market Report – Midday November 28, 2014

Australian shares are posting their biggest daily losses in a month and a half following a huge slide in oil prices overnight. The ASX 200 Index is down 1.3 per cent and is being led lower by an energy sector slumping by close to 7 per cent at lunch.
Vittorio Hernandez Nov 28, 2014
European Central Bank

Global Markets Overview – November 28, 2014

With US markets closed for Thanksgiving, investors focused on European trade and the OPEC meeting. Yields in Europe continued to decline as markets continue to price in the possibility of QE. ECB President Mario Draghi spoke again and reinforced that all assets are under consideration should additional measures be required. This kept bond yields calm and drove European equities higher. Just to put it into perspective, the German 10-year fell to just 0.7%, while Spain's dropped to 1.89%.
Vittorio Hernandez Nov 28, 2014
A saleswoman stands inside a fur shop near the seafront, where minks and fox fur coats can cost up to 3,000 euros ($ 4,000), in Limassol, a coastal town in southern Cyprus February 19, 2013. In this seaside Cypriot town, an image of the Kremlin's onion do

Beware: Black Friday Bargain Hunters, Clothes With Deep Discounts Are About To Go Out Of Fashion

A report by EDITD, a retail technology firm used by more than 10,000 US and UK subscribers, suggests several clothing items that retailers give a big discount because it would soon be out of fashion. By disposing of these soon-to-be outdated styles, stores maximise their profits and prevent having too much of certain styles on their stockrooms which if left too long would become stale and may force them to even slash its tag prices further.
Vittorio Hernandez Nov 28, 2014

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