BUSINESS

Recession in 2014? Why Experts are Predicting a Stock Market Crash in 2014

Australian Stock Market Report – Midday July 9, 2014

The Australian sharemarket is losing ground for the third consecutive day, following the worst session in a fortnight for U.S. markets. The All Ordinaries Index (XAO) is down 0.9 per cent; the biggest daily slide in over a week.

Modern American Family Dynamics Complicate Wealth Management

Euro and U.S. dollar banknotes
A survey of 680 high net-worth individuals in the U.S. with $3 million or more in investable assets found that the changing family structures, multi-generational and extended family circumstances, evolving gender roles, and generational views on investing and use of wealth are challenging traditional approaches to wealth planning.
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Stock Market

Australian Stock Market Report – Afternoon July 8, 2014

The ASX 200 traded in a range of 20 points over the course of Tuesday. In the first hour of trade the ASX 200 was at its best and worst levels when it was up by 1p and down by 19 points. There after the index battled to move higher;on several occasions it tried to surmount the 5515 level where it failed on the 3rd occasion, before ending at with a loss of 8 points at 5510.
Some Of Bitcoin Enthusiast Mike Caldwell's Coins Are Pictured At His Office In Sandy, Utah

New Zealand Reserve Bank Official Believes Bitcoin May Replace Cash in Future

The Reserve Bank of New Zealand (RBNZ) deputy governor and operations head, Geoff Bascand, said digital currencies may one day replace cash. In his recent speech before the Royal Numismatic Society in Wellington, he described digital currencies like Bitcoin as a challenge to the form and use of money.
Recession in 2014? Why Experts are Predicting a Stock Market Crash in 2014

Australian Stock Market Report – Midday July 8, 2014

The Australian sharemarket is falling for the second day, with sluggish performances offshore last night not helping. The All Ordinaries Index is down 0.1 per cent and is flirting with the key 5500pt mark.
A man walks past a poster at a conceptual art exhibition about HIV/AIDS. Reuters Files

Australia Soon to Have HIV/AIDS Home-Testing Kits

HIV home-testing kits, similar to the pregnancy tests, will soon be made available in Australia after the federal government lifted a ban restricting their manufacture and sale.

Tech Vendors See Internet of Things as the Next Big Business Opportunity

Enterprises are excited at the advent of Internet of Things (IoT) as a big business opportunity. This is amid concerns about devices proliferating and network capacity and security becoming unwieldy in matching the growing number of end points from connectedness.
A trader watches a monitor displaying stocks on the floor of the New York Stock Exchange February 4, 2010.

Global Markets Overview – July 8, 2014

It's been 109 trading days since the S&P futures has had a pull-back of 5% or more and on current trend, is it unlikely abate anytime soon.
Unemployment

Australian Stock Market Report – Morning July 8, 2014

In US economic data, the Employment Trends index rose from 119.03 to 119.62 in June. In European economic data, German production fell by 1.8% in May, the biggest reduction in two years and well below market expectations.
4th of July celebrations

Australian Stock Market Report –Afternoon July 7, 2014

It was an uneventful start to the trading week, with the Australian market closing largely flat. The All Ordinaries index (XAO) eased by just 0.1 per cent or 5.5pts while still remaining above the key 5500pt level. The Independence Day holiday in the U.S. on Friday and the subsequent closure of American markets provided local stocks no lead today.
Air China's inaugural flight from Beijing to Washington arrives at Dulles International Airport in Virginia June 10, 2014. REUTERS/Gary Cameron (UNITED STATES - Tags: TRANSPORT BUSINESS)

Germany’s Lufthansa, Air China Mull Joint Venture on Routes

German airline Lufthansa will be entering into a joint venture with Air China that will see the two airlines share revenue on certain routes in Asia by selling each other's flight tickets. The routes are situated between China and Europe.
A trader watches a monitor displaying stocks on the floor of the New York Stock Exchange February 4, 2010.

Australian Stock Market Report – Midday July 7, 2014

The Australian sharemarket is off to a quiet start following a holiday in the U.S on Friday. The All Ordinaries Index (XAO) is down by just a few points with weakness from the miners, energy stocks, industrials and healthcare sector the biggest drags.
4th of July celebrations

Global Markets Overview – July 7, 2014

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 ...
The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange

Australian Stock Market Report – Afternoon July 4, 2014

The local sharemarket has just had its best week in four and a half months, with the All Ordinaries index (XAO) rising by approximately 1.5 per cent over the past five days. Better than expected employment growth in the U.S. gave local investors an additional push forward today.
Manhattan Skyline

Manhattan Real Estate Sales Are on the Rise

The Manhattan spring market posted very activities and generated more sales compared to the same period last year, brokerage firms reported. Douglas Ellman Real Estate said although inventory has been rising since reaching an unprecedented low at the end of 2013, the supply of apartments for sale still remains unusually low.
A broker monitors the market from his booth during a trading session at Karachi Stock Exchange

Australian Stock Market Report – Midday July 4, 2014

The Australian sharemarket is rising for the third straight day thanks to better than expected economic news last night. The All Ordinaries Index (XAO) is up 0.6 per cent, is trading above 5500pts for the first time in a month and almost all sectors are higher. If the market can hold onto the gains for the remainder of the session, this is set to be the best week in 4.5 month for local shares.
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.

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