MARKETS

Australian Stock Market Report – Midday 4-10-13

The Australian sharemarket is slipping for the first time in three sessions, with the All Ordinaries Index (XAO) down 0.2 per cent to 4969.2. Both the ASX200 index and the All Ords are very close to cracking through the psychologically important 5000.0pt level. The indices haven't closed above that level in almost a month.

ADB: Asia’s Countries to See Weak Recovery but Face Several Risks

According to the newest survey, the Asian Development Bank expects Asia's emerging economies to witness a weak recovery in 2013. However, the Manila-based bank underlined that the expected rebound might be challenged by several risks, including the ongoing crisis in the European Union, the so-called US fiscal shock and the reemergence of the nationalism in Asia itself.
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Global Markets Overview – 4-10-13

It was another quiet night for macro data; French and German trade balances are the only talking points, with French balances disappointing, and German data was just in-line, which was expected. These figures led to mixed trading results in Europe.

Australian Stock Market Report – Morning 4-10-13

In US economic news, US wholesale inventories fell by 0.3pct in February - the biggest decline in nearly 1½-years. Economists had expected wholesale inventories to rise 0.5pct. The weaker build in inventories may result in lower estimates for March quarter growth.

Battle Over Martha Stewart’s Products Continues

It seems that some battles are hard to end. Apparently, one of them is a bloodshed over Martha Stewart's products. These days at war are Martha Stewart Living Omnimedia Inc., Macy's Inc. and J.C. Penneey Co. as everything indicates that three parties of the argument have not reached consensus.

GM Holden to Downsize in Australia

Australia's General Motors Holden, which is the division of General Motors Co., informed that it would begin job cuts which would touch as many as 500 employees.

Australian Stock Market Report – Midday 4-9-13

The Australian market is having its best day in close to a month at lunch, with the All Ordinaries Index (XAO) up 1.1 per cent. This is a refreshing change considering that major sectors have fallen for four consecutive weeks.

Taking A Break Before The Uranium Conference

By Andrew NelsonLast week was a quiet and uneventful week as far as the uranium market goes. Industry consultant TradeTech reports just three deals were done and accounted for only 400,000 pound of uranium changing hands.

Businessman George Soros Blames Euro Crisis for Turning Gold into an Unsafe Haven

Businessman George Soros is blaming the euro crisis in 2012 for making gold an unsafe haven for investors. Since October, gold prices had been on a downtrend and last week the yellow metal for June delivery, the most actively traded contract, hit a nine-month low of $1,553.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

It's Still All Go For Equity Markets

By Peter Switzer, Switzer Super ReportMy colleague Paul Rickard has deconstructed the Treasurer's super proposals which are allegedly targeted at the "fabulously wealthy" but clearly it will affect those with say $700,000 with a 20% return per annum or someone on $1 million making 13% and so on...

Australian Stock Market Report – Afternoon 4-8-13

Despite predictions of a flat to moderately lower day on the Australian share market, local stocks received a boost in afternoon trade on the back of gains on Japan's Nikkei Index. The Nikkei rose a further 3% today, after hitting five year highs on Friday, in response to aggressive stimulus announced late last week by the Bank of Japan.

Australia and Energy Security

If you're going to speculate, you could do worse than speculate on energy. The issue became even more interesting yesterday with Shell's announcement that it would put its Geelong refinery up for sale. The downstream oil and gas business in Australia - refining oil and selling the refined fuels - is an increasingly lousy one.

Samsung Enjoys High Operating Profit in Q1

Newest data by Samsung Electronics Co. showed that the South Korean producer saw its profit climb significantly in the first quarter of the year as sales of mid-tier handsets surged especially in emerging markets. Strong sales of smartphones are expected to be recorded in the period ending June.

Buying Dead Flowers

By Richard (Rick Mills), Ahead of the Herd As a general rule, the most successful man in life is the man who has the best informationInstitutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts.

Australian Stock Market Report – Afternoon 4-5-13

The Australian share market was unable to ride on Wall Street's coattails today, finishing lower for yet another session, and losing 1.6% over the course of the week. That's reduced the yearly gains for the All Ordinaries Index (XAO) to just over 5%. It was the fourth consecutive week the Australian share market finished in the red.

Australian Stock Market Report – Midday 4-5-13

Local stocks are once again in the red, despite gains on Wall Street overnight and the Nikkei rising more than 4% on open following aggressive stimulus announced yesterday by the Bank of Japan.

BOJ Stuns, Mixed Messages From US Fed

Central bank round-upBy Kathleen Brooks, Research Director UK EMEA FOREX.comCentral banks came to the fore today ? the BOJ stunned the market with its aggressive easing, the ECB's hands remain tied, the BOE stayed on hold and some Fed speakers reinforced the importance of today's NFP repor...

Zynga Enters Gambling Sector

Zynga Inc. had been looking to solve its problem and it seems that it finally found a way. The famous online game publisher finally informed that it would ingress the real-money gambling sector in the UK. Is this the end of Zynga's problems?

Australian Stock Market Report – Afternoon 4-4-13

Local stocks followed Wall Street and European markets into the red today, as political jitters over North Korea and weak global economic data weighed on sentiment. The All Ordinaries Index (XAO) closed near its lows of the day, down almost 1%.

Australian Stock Market Report – Midday 4-4-13

As expected, the Australian market is losing ground following weakness from global equities overnight. The All Ordinaries Index (XAO) is down 0.6 per cent to 4937.4 at lunch. With only a day of trade remaining this shortened trading week, local share have slipped by around 0.9 per cent over the past four sessions.

Worrying Signs (Again) For US Stock Markets

ADP and ISM data misses deal mild blow to USDBy Kathleen Brooks, Research Director UK EMEA FOREX.comThe problem with this US recovery and stock market rally is that no sooner are you lulled into a false sense of security that the economic recovery will continue then a data point reminds you that the...

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