BUSINESS

Australian Stock Market Report – Midday 4/2/14

The Australian sharemarket is modestly higher at lunch, with the All Ordinaries Index (XAO) rising by 13 pts or 0.3 per cent. A late surge from the miners yesterday; particularly BHP Billiton (BHP) helped minimise the influence of sluggish Chinese economic data. The S&P500 Index cracked through yet another record higher overnight.
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Australian Stock Market Report – Afternoon 4/1/14

Buyers made a push in the second half of the trading day which saw the ASX 200 pull up short of closing in positive territory. The index however was able to finish at the best levels of afternoon trade. The main buying initiative pushing the index higher in the afternoon was found in the resource sector. The bulk miners, which were painting an unconvincing picture in early trade, moved ahead with more conviction in the afternoon.

Australian Stock Market Report – Midday 4/1/14

Solid gains on Wall Street overnight have been ignored by local investors on the first day of a new month and quarter. The gains in the US were driven by dovish comments made by Fed Chair Janet Yellen. Ms Yellen gave a speech on Monday defending the Fed´s policy of low interest rates and bond-buying, saying that the ´´extraordinary´´ commitment to stimulus will be needed for some time in the face of the ´´considerable´´ slack in the economy and labour market. Ms Yellen suggested that this ´´vie...

Global Markets Overview - 4/1/14

There are over 20 different countries releasing manufacturing PMI data today. The most notable will be: (in timeline order) Japan, China, France, Germany and the US.

Australian Stock Market Report – Morning 4/1/14

In US economic data, the Chicago Purchasing Management Index fell from 59.8 to 55.9 in March - a seven month low. Federal Reserve Chair Yellen gave a speech on Monday strongly defending the Fed´s policy of low interest rates and bond-buying. Yellen said the ´´extraordinary´´ commitment to stimulus will be needed for some time, saying there is ´´considerable´´ slack in the economy and labour market. Yellen suggested that the ´´view is widely shared by my fellow policy-makers at the Fed´´.

Australian Stock Market Report – Afternoon 3/31/14

The Australian share market had a strong finish to the first quarter of the calendar year, thanks to a positive offshore lead on Friday and speculation Chinese policymakers could move to prop up their slowing economy by providing stimulus, which gave a boost to the Asian region.

Australian Stock Market Report – Midday 3/31/14

The Australian sharemarket is recording its best daily gain in a little over a week, helped by gains in global markets on Friday. The All Ordinaries Index (XAO) is up 0.7 per cent, with all sectors in the black. The start of a new month is always a busy time for markets and economists, with a barrage of economic readings expected to be released over the next five days.

Global Markets Overview – 3/31/14

Based on the close of the futures from Saturday, the market is currently pointing higher by around six to eight points, which would mean the ASX could register a 0.4% gain for the quarter.

Australian Stock Market Report – Morning 3/31/14

In US economic data, personal income and spending both rose by 0.3% in February, in line with forecasts. And consumer sentiment rose from a preliminary reading of 79.9 to 80.0 in March, just short of forecasts tipping a result near 80.5.
Hobbiton

Lord of the Rings Hobbiton Set Helps New Zealand Log 7.3% Growth in Tourist Arrival to 2.77 Million

As of February 2014, 2.77 million tourists have visited New Zealand in the past 12 months, logging a 7.3 per cent growth, according to Tourism New Zealand. The industry has a lot to thank the movie series Lord of the Rings, which was mainly shot in the country because a substantial number of the visitors came to see the movie set which features the hobbit houses where Middle Earth is supposed to be located.

Insecure Men Can Stop Wearing Socks on Genitals & Try a Padded Underwear to Look Big Like Christian Grey

If women have push-up bras push-up bras to create an illusion of a large bosom out of a molehill, men now have similar options to appear like Christian Grey of 50 Shades of Grey or Jonas Falcon of Its Too Big MTV fame. The secret is in the padding. Anne Summers, the creator of push-up bras and other naughty products, came up with the Triple Boost briefs to liberate some males from putting socks or other male package enhancers on their penis or crotch to appear large when wearing tight pants, sho...

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