MARKETS

Global Markets Overview – 12/12/13

While the progress in the US budget negotiations is certainly a positive for sentiment, it seems the short-term reaction is some selling in equities on fears this strengthens the case for a rapid winding back in asset purchases. Data flow was limited with the Federal budget balance being the main release on the calendar and managed to come in ahead of estimates. With the US fiscal situation continuing to strengthen, many analysts feel some potential headwinds for the US economy are swiftly being...
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Global Markets Overview – 12/11/13

The Fed dominated headlines yesterday, with Jaime Bullard and Richard Fisher talking about the prospect of monetary policy unwinding; both agree it is likely to occur in the coming year, however their methods differ slightly.

Australian Stock Market Report – Morning 12/11/13

In US economic news, weekly chain store sales were up by 2.6% in the latest week on a year ago according to Redbook, down from 4.9% in the previous week. And wholesale sales rose 1.0% in October with inventories up 1.4%.

The Overnight Report: Toss The Coin

By Greg PeelThe Dow fell 52 points or 0.3% while the S&P lost 0.3% to 1802 and the Nasdaq was steady.Following on from Monday's heavy volume, portfolio-driven slump on Bridge Street, yesterday began well and provided all the hallmarks of buyers returning after standing back the day before.

Australian Stock Market Report – Afternoon 12/10/13

The Australian share market ran out of steam in afternoon trade, as investors elected to pull back their positions ahead of Chinese data due out after the bell. Despite rallying in early trade, the All Ordinaries Index (XAO) finished the session down 2.2 points to 5146.2.

Australian Stock Market Report – Midday 12/10/13

The Australian share market is performing much more strongly today, rebounding from yesterday's 0.7 per cent loss. On Wall Street, the S&P 500 Index reached a new record high while the Dow Jones Index also closed higher, although was sold off into the close on concern tapering could begin in the next few weeks.

Global Markets Overview – 12/10/13

Overnight St. Louis President James Bullard hinted at the possibility that QE3 is about to see its first major alteration since its inception on September 13 2012.

The Overnight Report: Bring It On

By Greg PeelThe Dow closed up 5 points while the S&P added 0.2% to 1808 and the Nasdaq rose 0.3%.It was an ugly day on Bridge Street yesterday.

Australian Stock Market Report – Afternoon 12/9/13

The Australian share market ignored positive economic data out of China and the US and instead started the week in the red, as investors ran scared following a shock profit warning from Australia's largest insurer QBE (QBE). The All Ordinaries Index (XAO) closed lower by 37.6pts or 0.7 per cent to 5148.4 points.

Australian Stock Market Report – Midday 12/9/13

Local trade on Monday was defined by continued weakness in the face of solid gains for US stocks on Friday. US markets were able to embrace the better than expected employment data (unemployment at a 5 year low with job creation beating expectations of 200k jobs added in November).

Australian Corporate Bond Price Tables

PDF file attached.Corporate bonds offer an alternative to equity investment in providing a fixed "coupon", or interest payment, unlike equities which pay (or not) non-fixed dividend payments, and a maturity date, unlike equities which are open-ended.

Australian Stock Market Report – Morning 12/9/13

In US economic news, employment (non-farm payrolls) rose by 203,000 in November, ahead of forecasts for a gain of 180,000. The unemployment rate fell from 7.3% to a five-year low of 7.0%. Meanwhile personal income fell 0.1% in October while spending rose 0.3%. And consumer sentiment rose from 75.1 to 82.5 in December.

Australian Stock Market Report – Afternoon 12/6/13

The All Ordinaries Index (XAO) slipped by 0.2 per cent today, taking the losses this week to a significant 2.3 per cent. This makes it the worst week for local stocks in six months. Shares have fallen for five of the past six trading sessions. Volume was quite light however due to the all-important non-farm payrolls report in the U.S. tonight. This is a measure of how many jobs were added or lost in November and has the potential to set the tone for local shares and currencies next week. If much...

Australian Stock Market Report – Midday 12/6/13

The selling that began with some conviction late Thursday afternoon has persisted in the early part of trade on Friday, although the ASX 200 is recovering from intraday weakness as banks pare declines. The question hanging over the market in the afternoon session will be whether it can hold the lows that have been established or will sellers continue to test the resolve of the market and gun for the low of the day which currently sits at 5154.6.

Australian Stock Market Report – Morning 12/6/13

In US economic news, weekly jobless claims (claims for unemployment insurance) fell by 23,000 to 298,000. The US economy grew at 3.6pct annual pace in the September quarter, up from the ´´flash´´ estimate of 2.8%. Factory orders fell by 0.9pct in October, close to forecasts. And according to Challenger, planned job layoffs fell from 45,730 to 45,314 in November.

Australian Stock Market Report – Afternoon 12/5/13

The Australian sharemarket gradually extended its losses from around midday onward, with the All Ordinaries Index (XAO) slumping by 1.3 per cent following a flat start. The mining sector was the only thing limiting the losses for most of the day; however faded late in trade.

Australian Stock Market Report – Midday 12/5/13

The Australian sharemarket is in the red, with the All Ordinaries Index (XAO) down by 0.5 per cent at lunch. Strength in the mining sector is helping minimise market losses, with the industry up 0.55 per cent, while a 1.2 per cent slump across the financials is holding back the market most.

Global Markets Overview – 12/5/13

Equities continued to taper off as investors weighed the latest US data and its implications on tapering talk. The highlight was the ADP non-farm employment change which came in at a much better-than-expected 215,000 (versus 172,000 expected). There was also a very strong new home sales (up 25.4% in October and highest monthly percentage gain since 1980) reading and encouraging Beige Book commentary which helped add to the tapering argument. US treasury yields popped higher as we continue to get...

Australian Stock Market Report – Morning 12/5/13

In US economic news, the ADP employment index showed that 215,000 private sector jobs were created in November, ahead of forecasts for a gain of 173,000. The trade deficit fell from US$42.97 billion to US$41.64bn in October. The ISM services index eased from 55.4 to 53.9 in November. And new home sales rose by 25.4% in October after falling by 6.6% in September.

A Trader's Wrap

By Chris Weston, IG MarketsIt's been a disappointing tape in Asia, with Australian traders keeping one eye on the cricket, while there has been plenty on the stock side to focus on as well.

Australian Stock Market Report – Afternoon 12/4/13

The ASX200 shrugged off a 3 day losing streak even though third quarter GDP figures were below expectations. The market recovered initial losses driven by the notion that the slower rate of growth meant that whilst interest rates might not be cut any time soon, the risk is that they will remain at historically low levels for a longer period.

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