BUSINESS

Global Markets Overview – July 7, 2014

4th of July celebrations
With US markets having been closed on Friday, there are very limited leads for the region to work off this morning. Risk currencies have gotten off to a relatively flat start to the week, which is a firm indicator that nothing much has changed sentiment-wise as of Friday. Perhaps something to focus on is the weakness we saw in European trade after a disappointing German factory orders reading. This saw the major European bourses lose ground, apart from the FTSE which was relatively flat for the ...
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Employment

Global Markets Overview – July 4, 2014

US equities extended gains on the back of a monster jobs report which essentially reassured investors that the US economy is on track for a Q2 bounce. This saw the S&P close at an all-time high for the 25th time this year. The non-farm employment change reading for June showed a whopping 288,000 jobs added while the unemployment rate dropped to 6.1%. Both readings smashed expectations and this helped push the US dollar higher across the board. Additionally there were also upward revisions for Ap...
France Strike

Australian Stock Market Report – Morning July 4, 2014

In US economic data, non-farm payrolls lifted by 288,000 in June. The unemployment rate fell from 6.3% to 6.1% - the lowest level since September 2008. Data for April and May was revised to show a total of 29,000 more jobs than previously reported. The service sector drove the job gains while manufacturing and construction jobs also recorded a healthy lift. Over the first half of 2014 jobs growth has now averaged 231,000 jobs per month, the best start to a calendar year since 2006.
Laptop users at the Google I/O developers conference

Canada’s Anti-Spam Law Takes Effect

Institutions or individuals fond of sending spam mail to Canadian electronic mailboxes should ought to think twice sending those missives or otherwise risk getting sued in court for millions of dollars. Canada's new anti-spam law (CASL) already took effect on Tuesday.
A broker monitors the market from his booth during a trading session at Karachi Stock Exchange

Australian Stock Market Report – Midday July 3, 2014

The Australian sharemarket is having its best week in two months with shares rising for the second day. The All Ordinaries Index (XAO) is up 0.7 per cent or 37pts to 5477.8. U.S markets ended modestly higher overnight with a better than expected report on private sector employment in North America helping.
Janet Yellen

Global Markets Overview – July 3, 2014

It was a busy night on the US economic calendar with the ADP jobs report and comments from Fed chair Janet Yellen hitting the wires. The ADP non-farm employment change came in at a much-better-than-expected 281,000, smashing estimates of 207,000. This saw expectations ramp up as we head into the official non-farm payrolls reading later today. With the July 4thIndependence day holiday on Friday, the data is being released on Thursday instead of the traditional Friday. The market is expecting to s...
Janet Yellen

Australian Stock Market Report – Morning July 3, 2014

Federal Reserve Chair Yellen delivered a speech at an IMF conference in Washington. She believes that raising interest rates to fight asset bubbles would be a bad idea, instead she argued better regulation would mitigate financial risk.
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

Australian Stock Market Report – Midday July 2, 2014

The Australian sharemarket is improving for the first time in three days, with fresh record highs in the U.S. and a firmer iron ore price helping. The All Ordinaries Index (XAO) is 0.9 per cent higher, making it the best day for local shares in a fortnight.
BBC DJs

Ofcom Makes Available 10 New Digital Radio Stations in UK

Ofcom, the broadcast media regulator in the UK, just approved 10 new digital radio stations. It is the result of the auction of a second national digital radio multiplex seven years since the regulator made the first multiplex available.
Manufacturing

Global Markets Overview – July 2, 2014

Global markets focused on a broad recovery in manufacturing in some key economies. China's numbers in Asian tradeyesterday set the tone and this carried through to European and US trade where we also received some encouraging manufacturing numbers. After an ordinary Q1, it certainly looks like the US is on track for a Q2 rebound, and this encouraged some positive price action across the equities space.
Car manufacturing

Australian Stock Market Report – Morning July 2, 2014

In US economic data, the ISM manufacturing index eased from 55.4 to 55.3 in June. A figure above 50 indicates expansion. The sub index of new orders hit a six-month high, a good sign for business capital spending. On a negative note export orders were weaker. The Markit US Manufacturing PMI rose to 57.3 in June - the highest since May 2010. US construction spending rose by a lower than expected 0.1% in May.
PM Tony Abbott at NYSE

Australian Stock Market Report – Afternoon July 1, 2014

The first day of the new financial year was much like the last in that sellers remained in control of the share market. The ASX 200 made new lows in the last hour of trade, although the index was able to finish the session off those levels. Compared to Monday where there were losses across the board, Tuesday was slightly more positive with a number of sectors ending with gains for the day.
Tony Abbott at NYSE

Australian Stock Market Report – Midday July 1, 2014

It's been a bit of a choppy start to the new financial year for Australian stocks. The All Ordinaries Index (XAO) has been in and out of positive and negative territory, reaching a high of 5400 points and a low of 5371.6 points. At lunchtime in the East the All Ords is down 0.1 per cent to 5378.1 points.

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