MARKETS

Australian Stock Market Report – Midday 10/1/13

The Australian share market is trading slightly firmer at lunchtime in the East, as US lawmakers scramble to make an 11th hour agreement on budget changes ahead of the October 1 deadline. If changes can't be agreed, there will be a shutdown of many (mainly non-essential) US government services. The looming deadline impacted offshore trade overnight, sending the Dow Jones Index down 0.8 per cent.
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Alibaba Decides to Move IPO to the US

China's largest e-commerce company Alibaba Group Holding Ltd. is planning to go public in the US after it failed to reach an agreement with the Hong Kong stock exchange in regard to a listing there.

Australian Stock Market Report – Midday 9/27/13

Friday morning has seen the ASX200 maintain the constructive tone that has been a feature of recent days. The index appears to be accepting prices at higher levels on improving volume. At lunch time on Friday the market remains within sight of the best levels of the last fortnight. Equally significant is the fact that multi year highs are a part of the picture, with the index hitting new 5 year highs this morning. This last point is significant when considering the general back drop which is bei...

7 Steps to Success for Any Central Banker

The Maestro, Alan Greenspan, has a new book slated to hit shelves Oct. 22. Its title: The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.

Australian Stock Market Report – Afternoon 9/26/13

The Australian share market has managed to finish higher for a second consecutive session, despite another night of selling on Wall Street and generally weaker sentiment across the Asian region. The All Ordinaries Index (XAO) finished the day's trade up 18 points or 0.3 per cent to 5288.2pts.

Australian Stock Market Report – Midday 9/26/13

The resolve of yesterday's buyers has been tested today in early trade on Thursday. Similar circumstances to Wednesday were in place at the open of trade after US stocks ended lower for a 5th day on the trot. The declines for US indices weren't sinister, although the related statistics were less than encouraging, for example the SP 500 finished at the lows of the day; more importantly the index settled below the 1700 mark. As a result the local market saw selling from the outset, at its wo...

US Bond Yields Support Gold Price

By Jonathan BarrattIf you told the market in Sept 2010 that stimulus was going to remain in play for the foreseeable future, the gold price would have rocketed head.

Global Markets Overview – 9/26/13

We've seen a slight squaring off of risk plays, with equities marginally lower. Despite the minor selling, most asset classes just continue to maintain some fairly tight ranges as global markets remain in a lull phase. US fiscal negotiations are also keeping some investors at bay and prompting some caution in most asset classes. There was limited reaction to a US durable goods report which came in at +0.1% versus 0% expected. New home sales data also came in relatively in line with consensus....

Australian Stock Market Report – Morning 9/26/13

In US economic news, orders for durable goods - goods expected to last more than three years - rose by 0.1pct in August, in line with expectations. Excluding defence and aircraft, orders rose by 1.5pct, just short on the 1.9pct expected rise. New home sales soared by 7.9pct in August to a 421,000 annual rate, in line with forecasts.

Apple Inc Shares May Surge to $600, Analysts Recommend Buy Rating

Apple Inc's shares may just reach $600, following reports that the company sold 9 million units of new iPhones in three days. The speculations over a deal with China Mobile may also fuel Apple's stock surge along with recommendations from some of the most respected market analysts.

Australian Stock Market Report – Afternoon 9/25/13

The Australian share market closed higher on Wednesday, following three sessions of losses and after a mixed night on global share markets. The All Ordinaries Index (XAO) added 40.6pts by close to 5270.1pts, just 7 points lower than the intra-day high.

Australian Stock Market Report - Midday 9/25/13

The ASX200 has started in strong fashion in Wednesday ignoring the weakness seen in the US overnight. The initial setup for local trade was less than optimistic after the Dow closed around the worst levels if its session.

Australian Stock Market Report – Morning 9/25/13

In US economic news, consumer confidence fell from 81.8 to 79.7 in September, short of forecasts for a result near 79.9. The Case Shiller home price index rose 0.6pct in July to be up 12.4pct on a year ago. The FHFA home price index rose 1.0pct in July and8.8pct over the year and the Richmond Fed composite index eased from +14 to zero in September. The Redbook chain store sales index also was 3.6pct up over the year, compared with a 3.4pct gainin the previous week.

When Will This Bull Market Run Out Of Steam?

By Peter Switzer, Switzer Super ReportWith the Dow Jones index now in record high territory and the All Ordinaries Accumulation Index also at levels never seen before, the key question for many is ? how long does this bull market run for?Let's face it, if we thought it was, say for only one yea...

A Trader's Wrap

By Chris Weston, IG MarketsThe talking point on the floor today has been firmly around the outperformance of the Australian market, despite a slightly weaker lead from the S&P, a flat day's trade in China and a softer Nikkei.

Momentum Builds For Uranium

By Greg PeelIn July last year, Japan restarted its Ohi 3 and 4 reactors and so brought to an end the post-Fukushima period of zero nuclear energy production in the country.

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