By Greg PeelThe Dow closed down 8 points, while the S&P fell 0.2% and the Nasdaq plunged 1.0%.Google, like Apple, is one of the America's largest stocks by market cap and should thus be in the Dow Jones Industrial Average, but isn't given a per share face value that exceeds Dow criteria.
Local stocks closed at their highest levels since July 2011 today, with investor sentiment boosted by the fact today's Chinese economic data contained no nasty surprises. The All Ordinaries Index (XAO) added 30pts by close or 0.7pct to 4580.9, after hitting an intra-day high of 4602.5.
Overnight the US market closed slightly higher and the European markets were also stronger. Better than expected home start numbers, for the month of September, out of the states helped reduce the pain from weaker than expected results from key technology forms IBM and Intel.
The Coca-Cola Co. and Sanofi SA decided to start a venture to launch a line of 'beauty drinks' in France. The 50-50 partnership aims at diversification of products and entering a new market for both the Coca-Cola Co. and Sanofi.
By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationFact - China is the world's largest user of copper.
So much nonsense in the news this morning, we hardly know what to laugh at first.
Nigel Farage never elicits a neutral reaction...ever. His brutally honest remarks inspire either love or hate - kind of like country music, calvados or the Kardashians.
The more you look at it, the more the Fed's big QE program announced in mid-September looks like a big fat nothingburger. The S&P 500 closed at 1465 two days after the Fed's announcement. It's now at 1440. By comparison, the All Ordinaries are up about 3.76% in the same time. Gold is down 2% since the 'golden cross' on September 20th, when the 50-day moving average crossed above the 200-day moving average.
We never liked history as a child. It's just a bunch of stuff that's already happened. But when you're young, you don't realise there's a lot of history yet to come. And it helps to be informed about what's been if you want to know what's going to be.
The fate of Australian sheep is still unknown after a Pakistani court deferred on Wednesday a decision on culling the livestock. The Sindh High Court in Karachi adjourned the hearing and will resume session on Thursday.
Taking advantage of the ongoing three-day visit of Australian Prime Minister Julia Gillard in which resumption of talks for uranium sale too India is on top of the agenda, the Australian Uranium Association (AUA) is pushing for an overturn of the ban on uranium mining in Queensland.
MillionPlus.com.au, the luxury property website from the team behind Thehomepage.com.au, has just relaunched with a new more elegant look, better features and cutting edge cloud based technology.
- Regus and CBA business confidence reports released- Large businesses more confident than SMEs- Retail confidence surprisingly strongBy Andrew NelsonTwo business confidence surveys hit the street yesterday and what they show is that while times may be tough, Australian businesses remain optimistic.
By Greg PeelThe Dow closed up 5 points, while the S&P rose 0.4% to 1460 and the Nasdaq gained 0.1%.News came through after US markets had closed yesterday that after months of deliberation, ratings agency Moody's had decided not to downgrade Spanish debt one more notch to junk, thus leaving Moo...
Local stocks rose to fresh 14 month highs today, supported by strong moves offshore, a pick-up in Chinese steel production and positive moves from major blue-chip stocks. US and European markets rallied overnight with US investors encouraged by strong earnings reports, while European investor sentiment was bolstered by speculation Spain could be close to asking for a sovereign bailout. The All Ordinaries Index (XAO) finished the day's trade up 37pts or 0.8pct to 4550.9, after hitting an intra...
Studies out of Portland, Ore., and New York City reveal that bicyclists spend more money than consumers who travel by car or public transportation.
Local stocks have rallied to fresh 14 month highs in early trade, on the back of positive moves on offshore markets. US markets rose overnight with investors encouraged by upbeat earnings results while European markets rallied on speculation Spain may be edging closer to asking for a sovereign bailout. At lunchtime in the East, the All Ordinaries Index is up 32.8pts or 0.7pct to 4546.7.
- Outlook for coal bleak- Brokers suggests stock preferences- Goldman Sachs updates commodity price forecasts- Base metal preferences discussedBy Eva BrocklehurstA high Australian dollar, a drop in prices, delays in government approvals, a lack of funding options - it's not a good look for coal...
Australian Prime Minister Julia Gillard said on Tuesday that the country will place India on its high priority list along with the United States and other major Asian nations.
By Greg PeelThe Dow rose 127 points, or 1.0%, while the S&P gained 1.0% to 1454 and the Nasdaq added 1.
Sales in the luxury market is expected to slow to around 5 percent this year as affluent Chinese shoppers cut back on their spending and concerns over the global financial crisis take its toll on shoppers elsewhere.
Local stocks gained ground today, on the back of positive moves on Wall Street overnight and a strong production report from iron ore miner Fortescue Metals Group (FMG). After hitting an intra-day high of 4537.9pts, the All Ordinaries Index (XAO) finished the day's session up 8.4pts or 0.2pct to 4513.9.
After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company.
CNH Global N.V., the farm and construction maker, voted down the terms of a proposed merger with Fiat Industrial SpA. A special committee at CNH Global N.V. rejected the Fiat Industrial SpA's buyout offer, including listening it to New York from Milan.
The All Ordinaries Index (XAO) followed the lead from the overseas markets and opened higher this morning up 20 points. By lunch time the market had reduced its early run and had only added 9 points, to 4,515, with small gains in most sectors.
Japanese mobile operator Softbank Corp. is most likely to announce sometime around the later part of October 15, a deal which nears around $20 billion, in order to gain control over the U.S. carrier Sprint Nextel Corp.
By Andrew NelsonThere has been increasing talk in the market and in our service about the US economy heading towards a "fiscal cliff", with the current presidential election seen by many as the lynch pin.
By Greg PeelIt had appeared for some time, after the first anniversary of Fukushima had passed (being the tsunami, not the ongoing "fallout") that US$50/lb was pretty much a floor in the spot uranium price.
With her three-day visit to India beginning Monday, Australian Prime Minister Julia Gillard has signaled the start of negotiations to sell uranium to the Asian nation. The Howard government had favoured the idea, but former Prime Minister Kevin Rudd cancelled talks on selling uranium.
By Greg PeelThe Dow rose 95 points, or 0.7%, while the S&P gained 0.8% to 1440 and the Nasdaq added 0.
