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Australian Stock Market Report – Midday 5/26/14

Local stocks saw a flat start to the trading week on Monday. Selling intentions harboured by participants were stymied by the strong finish seen for US stocks at the conclusion of last week which saw the broader US market end at record highs on Friday.
Vittorio Hernandez May 26, 2014
A man looks at an electronic board displaying Japan's Nikkei average (top C) and various countries' stock indices, as passers-by walk past outside a brokerage in Tokyo April 16, 2014.

Global Markets Overview – 5/26/14

Equities managed to get into the weekend on a positive note, but developments out of the weekend remain on the European front. The dominant theme from Friday's session was modest US dollar strength with a solid new home sales reading helping sentiment along. The greenback enjoyed good strength against the yen and the euro, with USD/JPY nudging the 102 level. This puts the Nikkei in a very good position at the open today and we are currently calling it up 0.8% to 14,573.
Vittorio Hernandez May 26, 2014

Australian Stock Market Report – Morning 5/26/14

In US economic data, new home sales rose by 6.4% to a 433,000 annual pace in April, above forecasts centred on result near 425,000. The weekly Economic Cycle Research Institute index eased from 136.3 to 135.1 in the latest week but is up 5.0% on a year ago.
Vittorio Hernandez May 26, 2014

Australian Stock Market Report – Afternoon 5/23/14

After a volatile week ,the ASX 200 has ended in positive territory, albeit by a small margin of 0.25%. The transformative event of the week was the improved reading on Chinese manufacturing on Thursday which provided the mining sector with a timely fillip following the selling seen at the start of the week. Miners ended lower as a group although this came after the strong gains seen on Thursday. Gold miners were one of the weak spots in the resource sector. St Barbara Limited (SBM), an Australia...
Vittorio Hernandez May 23, 2014

Australian Stock Market Report – Midday 5/23/14

The Australian sharemarket continues to make up for the tough start to the week, with better than expected signs for China's manufacturing industry yesterday and modest gains in U.S. markets overnight helping. The All Ordinaries Index (XAO) is up 0.3 per cent, with only the miners and energy stocks losing ground at lunch.
Vittorio Hernandez May 23, 2014
Tony Abbott

Australia's Consumer Index Drops to New Low in Over 2 Years As Families Worry About Money

Consumer confidence in Australia dropped to its newest level in over two years as Australians begin to worry about the impact of the Abbott government's budget on their family's finances. According to reports, the Westpac Melbourne Institute Index of Consumer Sentiment declined 6.8 per cent in May to its lowest level since August 2011.
Reissa Su May 23, 2014
China exports

Global Markets Overview – 5/23/14

Equities extended their gains in US trade on the back of some encouraging manufacturing readings, particularly from China and the US. China's HSBC manufacturing PMI reading hit a five-month high yesterday and triggered strength across the risk space in Asian trade. Meanwhile in Europe the readings were mixed with manufacturing mostly weaker resulting in further strain in the single currency.
Vittorio Hernandez May 23, 2014

Australian Stock Market Report – Morning 5/23/14

In US economic news initial jobless claims rose 28,000 to 326,000 last week. US existing home sales rose by 1.3% in April to 4.65 million annual units. The increase marked only the second gains in nine months. Sales remain 6.8% lower than a year ago. The US Markit ´´flash´´ manufacturing index rose from 55.4 to 56.2 in April.
Vittorio Hernandez May 23, 2014
Supermarket

Coles to Open 31 Stores, Create 8,000 Jobs in Queensland

Residents and consumers in Queensland are expected to benefit from the plan of supermarket giant Coles to open 31 stores across the state within four years. The move is expected to create 8,000 jobs.
Vittorio Hernandez May 23, 2014

Australian Stock Market Report – Afternoon 5/22/14

Local stocks were able to add to early gains thanks to a better than expected reading on Chinese manufacturing. The ASX 200 ended the session within sight of the best levels of the session when the index was up by 67 points. Participation was solid with around $4.6 billion in turnover.
Vittorio Hernandez May 22, 2014

Australian Stock Market Report – Midday 5/22/14

Better than forecast signs for China's manufacturing industry are helping lift the miners, dollar and most of the broader market. The All Ordinaries Index (XAO) is up 0.9 per cent to 5454pts, with the resource industry a standout. Strength from global markets last night thanks to comments from the U.S. central bank hinting rates are likely to remain at rock bottom levels for longer is also helping.
Vittorio Hernandez May 22, 2014

New Lemonhead Mascot Beats People's Reactions to McDonald's Happy [PHOTO, VIDEO]

If the recent McDonald's Happy terrified Twitter and most social media users, The Lemonhead candy brand's new mascot might just top that. Ferrara Candy Co. rolled out an updated new mascot and introduced him on Youtube, Twitter, and Facebook last Sunday. Just like McDonald's Happy not getting a positive welcome from social media users, "Lemonhead" starts to receive the same feedback.
Daniel Joseph Cruz May 22, 2014
The Las Pulgas Fire burns near an athletics field at Camp Pendleton, California in this May 16, 2014 handout photo from the USMC. The Las Pulgas Fire is one of four fires at Camp Pendleton Marine Base north of San Diego which  prompted evacuations of seve

30 US Landmarks At Risk Due to Climate Change (PHOTOS)

A report published by the Washington-based Union of Concerned Scientists has highlighted the potential ill effects of climate change to at least 30 historical landmarks in the U.S. Should the human-induced climate change continue to escalate, there might be no other way for America's newest and oldest landmarks but to topple and bow down to rising sea levels, floods and wildfires.
May 22, 2014

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