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Australian Stock Market Report – Midday October 14, 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
US shares slumped overnight in thin holiday trade. The Dow Jones fell by 1.4 per cent while the broader S&P500 dropped by 1.7 per cent. Investors are holding their breath for a barrage of profit results from some of America's biggest banks this week. Citigroup, JP Morgan Chase and Wells Fargo are all scheduled to issue third quarter results tonight.
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New York Stock Exchange

Australian Stock Market Report – Afternoon October 13, 2014

The Australian market has slumped for the fifth time in six days and remains near an eight-month low. The All Ordinaries (XAO) slipped by 0.6 per cent and local stocks have shed 9.5 per cent from the highs reached at the start of September. The strength in the US dollar and recent concerns of sluggish world growth have been two drivers.
Vittorio Hernandez Oct 13, 2014
A man is reflected as he walks 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 the offer o

Australian Stock Market Report – Midday October 13, 2014

Local shares continue to fall and one of the most common exchanges between market participants at present turns around the level at which the ASX 200 will ultimately find some durable support with the index now down by more than 3 per cent year to date. European shares fell sharply to end last week, driven by continuing concerns about the health of the German, and broader European economy. US share markets were led lower by the technology stocks. Over the course of the week the Dow Jones lost 2....
Vittorio Hernandez Oct 13, 2014
New York Stock Exchange

Global Markets Overview – October 13, 2014

We have been saying since mid-May to be wary of the events that will occur in October (the end of the asset-purchase program). October remains the turning point of the year and we retain our key pick of being long the VIX.
Vittorio Hernandez Oct 13, 2014
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 – Afternoon October 10, 2014

Local shares extended their losses after lunch, falling for the fourthtime this week and hitting a fresh eight-month low. The All Ordinaries Index (XAO) slumped by 2 per cent, slipping below 5200.0 for the first time since February and making it the worst session of the year.
Vittorio Hernandez Oct 10, 2014
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 – Midday October 10, 2014

The local market is taking last night's tumble in the US seriously with Australian shares falling to an eight-month low. The All Ordinaries Index (XAO) is down 1.7 per cent, erasing all of Thursday's gains.
Vittorio Hernandez Oct 10, 2014
A train hauling carriages filled with iron ore is seen on the outskirts of Port Hedland in the Pilbara region of Western Australia in this December 3, 2013 file photo. If Australian miners are worried about the dramatic decline in iron ore prices, it does

Rio Tinto Says Demand For Iron Ore Still Strong Despite Lower Price; Australia Seeks More Info About Beijing Tariff On Coal Imports

Only the price of iron ore has plummeted to a five-year low, but demand for the key steelmaking ingredient is still high, said mining giant Rio Tinto (ASX: RIO). While the miner expects 125 million tonnes of expensive iron ore supply to leave the market in 2014, Rio anticipates demand for iron ore will remain high as China's steel production would reach about 1 billion tonnes by 2030.
Vittorio Hernandez Oct 10, 2014
New York Stock Exchange

Australian Stock Market Report – Morning October 10, 2014

In the US, new claims for unemployment insurance fell by 1,000 in the latest week to 287,000, below forecasts for a result near 294,000. Wholesale sales fell 0.7% in August (forecast +0.7%) while inventories rose by 0.3% (forecast 0.3% gain).
Vittorio Hernandez Oct 10, 2014
Morning commuters pass by the New York Stock Exchange September 15, 2014.

Global Markets Overview – October 9, 2014

No equity slide is ever linear, nor is a market rally, and I see the development from the central bank communication this week as a chance to break the eight-week down trend in global markets.
Vittorio Hernandez Oct 09, 2014
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 October 8, 2014

Unlike trade on Tuesday the local market maintained its hefty losses for the duration of the session to fall to a fresh eight-month low for the third day. Losses were recorded in all sectors bar the defensive utilities with concerns of Germany's economy together with cuts to world growth forecasts by the IMF concerning some investors.
Vittorio Hernandez Oct 08, 2014
Global Stock Market Indices

Global Markets Overview – October 8, 2014

In times like the present, with volatility ramping and the intraday trading moving through the 100+ point range, I must remind myself that equities are at the top of the risk curve. They're therefore the first to see selling when nervousness is exposed.
Vittorio Hernandez Oct 08, 2014

Despite RBA Decision To Hold Key Lending Rate, Banks Offer Mortgage Season Promos

The Reserve Bank of Australia (RBA) left on Tuesday the overnight cash rate unchanged at its record-low rate of 2.5 per cent, set in August 2013. However, the RBA decision did not deter lenders from revising some of their mortgage rates by offering season promotions such as cash-back deals and waived fees for new home loans.
Vittorio Hernandez Oct 08, 2014
Unemployment

Australian Stock Market Report – Morning October 8, 2014

In US economic data, the JOLTS index of job openings rose from 4.67 million to a 13-year high of 4.835 million in August. The IBD economic optimism index was unchanged at 45.2 in October. And chain store sales in the latest week were up 5.4% on a year ago, up from the 4.3% annual gain in the previous week.
Vittorio Hernandez Oct 08, 2014
Rio Tinto visit of Japanese PM Shinzo Abe

Rio Tinto Rejects Glencore’s Merger Bid That Would Have Created $160B Company

Mining giant Rio Tinto (ASX: RIO) rejected an offer to merge with Glencore that would have created a $160 billion mining and trading firm in August. Rio disclosed the offer made in July on Tuesday, but after thumbing down the proposed merger, there has been no contact about the deal between the two miners.
Vittorio Hernandez Oct 07, 2014

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