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Australian Stock Market Report – Afternoon 4/4/14

The Australian sharemarket rose modestly for the third time this week, with the All Ordinaries Index (XAO) edging 0.1 per cent higher by the close. The XAO finished above the 5400pt mark, helped by the fourth consecutive record close for U.S. markets last night.
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Australian Stock Market Report – Morning 4/4/14

In US economic data, the ADP Private Employment report showed job gains of 191,000 for the private sector in March mostly in line with forecasts. The February result was revised up from 139,000 to 178,000. US factory orders jumped 1.6% in February. Shipments of new orders lifted by 0.9% in February - the biggest gain in seven months. However the prior January result was revised to show a larger fall of 1%.

Global Markets Overview - 4/3/14

The EUR has crossed below its 50-day moving average for the first time since February, as Mario Draghi and the ECB board uses much grittier and direct language, giving the market a real sense that QE is coming.

HIV, AIDS Treatment: Cytodyn's PRO 140 Shows Big Potential

A new innovation in medical practice is nearing the finish line in finding a treatment for AIDS and HIV. A small-cap biotechnoogy firm, CytoDyn, is advancing in finding a treatment and prevention of the Human Immunodeficiency Virus (HIV).

Australian Stock Market Report – Afternoon 4/3/14

The Australian sharemarket rose modestly for the third time this week, with the All Ordinaries Index (XAO) edging 0.1 per cent higher by the close. The XAO finished above the 5400pt mark, helped by the fourth consecutive record close for U.S. markets last night.

Australian Stock Market Report – Midday 4/3/14

The early part of Thursday's trade on the ASX has been marked by a balancing act. On the one hand miners have been a positive influence, although sellers have focussed on the financials. As a result the market has been held to only modest improvements in the hours leading up to lunchtime on the east coast. The ASX 200 peaked with a gain of 15 points in the first hour of trade. Market participation was light with around $1 billion in turnover having changed hands. It could be argued that inves...

Global Markets Overview – 4/3/14

Macro data is back on the table as we look to round out the first week of trading in April. Overnight the ADP non-farm payrolls data was released and showed payrolls in the US were boosted by 191,000 in the month of March, compared with 178,000 in February. This was below the market consensus of 195,000, but on the whole it does show that the US winter issues are melting.

Australian Stock Market Report – Morning 4/3/14

In US economic data, the ADP Private Employment report showed job gains of 191,000 for the private sector in March mostly in line with forecasts. The February result was revised up from 139,000 to 178,000. US factory orders jumped 1.6% in February. Shipments of new orders lifted by 0.9% in February - the biggest gain in seven months. However the prior January result was revised to show a larger fall of 1%.

Australian Stock Market Report – Afternoon 4/2/14

Despite ending a little short of intra-day highs, the All Ordinaries Index (XAO) managed to spike late in trade to end 0.26 per cent or 13.6 pts firmer to 5408.8. Property trusts, the utilities and IT businesses were the biggest losers, while all remaining sectors edged a little higher. Global markets were firmer overnight, with the tech specific NASDAQ and the S&P500 the standouts. The S&P500 broke through yet another record high thanks partly to healthy economic news. The index has surged by 8...

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.

Australian Stock Market Report – Morning 4/2/14

n US economic data, the ISM manufacturing index rose from 53.2 to 53.7 in March. Construction spending rose by 0.1% in February. Chain store sales rose 2.3% in the latest week compared with a year ago, down from a 3.1% gain in the prior week. And the Dallas Federal Reserve services index rose from +9.8 points to +16.5 points in March.

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.

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