The Australian sharemarket is improving for the third time this week, with the All Ordinaries index (XAO) up 0.4 pct or 15 pts to 4253.4. Almost all sectors are higher however the consumer staples and telcos are trading in the red.
The U.S. military started Wednesday verifying the origin and authenticity of a video clip showing its marines urinating on three slain Taliban fighters.
The European and U.S. stock markets took positive turns last night, which could bode well to keep Australian stock markets afloat on Friday.
Bell FX Currency Outlook:
Successful bond auctions in Italy and Spain, coupled with positive comments from ECB president Draghi improved market sentiment overnight.
U.S. stocks edged slightly higher late Thursday as the materials and industrial sectors pulled major indexes back into positive territory, erasing earlier losses that had followed three tepid readings on the state of the U.S. economy.
China's inflation rate in December eased to a 15-month low to register at 4.1 per cent, hinting of further monetary policy easing to aid the country's slowing economy.
The Australian sharemarket failed to make it three straight sessions of gains today, with the All Ordinaries index (XAO) easing by a modest 0.1 pct or 4.5 pts to 4238.4. The market's second largest sector, the miners managed to record some modest gains while the larger financial sector lost a little ground.
The global rare earths sector has a new player. On Wednesday, Deutsche Rohstoff AG, a German mining and commodity group, announced it will expand existing mining operations in the Delitzsch region of east Germany to develop an estimated rare earths deposit of 38,000 tonnes.
Anglo-Australian miner Rio Tinto Ltd., three months after a successful US$642 million ($A623 million) takeover bid for Canadian uranium miner Hathor Exploration Ltd. and its Roughrider uranium project, announced it has fully acquired ownership of the uranium company.
In an apparent testimony to its staying power, investor confidence in precious metal gold held firm on Thursday, as the world awaits the results of Spain's bond auction as well as news of an assessment meeting by the European Central Bank (ECB) of the region's fiscal meltdown.
The Australian sharemarket is largely flat at lunch, with the All Ordinaries index (XAO) down only 1.4 pts to 4241.5. The market's largest sector, the financials are up 0.2 pct with BHP Billiton (BHP) up 0.08 pct or 3 cents to $36.21 while the smaller RIO Tinto (RIO) is 0.12 pct or 8 cents higher to $64.27.
Bell FX Currency Outlook:
The AUD is slightly firmer again this morning after a night dominated by a weakening EURO, which has reached new 16-month lows against the US Dollar.
From Morrison Securities Pty. Ltd.:U.S. stocks slipped as concerns over a weakening economy in Europe prompted investors to consolidate some of the market's recent gains.
Six Iranian mariners were rescued by the U.S. Coast Guard cutter from a troubling ship in the Persian Gulf.
The Australian sharemarket gained for the second consecutive day today which has been somewhat of a rarity recently. The All Ordinaries index (XAO) ended the session 0.9 pct or 36.3 pts higher to 4242.9. In fact over the past six weeks, shares have improved for two straight sessions only three times. The last time Aussie shares rose for three consecutive days was back at the end of November 2011.
Games now, more than ever, are becoming more and more realistic. With plots ranging from what dress should Mulan wear, to trying to find a way to infiltrate the White House, games are pushing the imagination to its limits. But can games push too much? Where does the industry draw its line in creating concepts, settings, and story lines?
Poverty rates are on the rise in the Western world, as recession, rising fuel costs and austerity cuts to social welfare benefits, take their toll on the most vulnerable people.
The Australian sharemarket is gaining for the second consecutive session at lunch, with the All Ordinaries index (XAO) up 0.9 pct or 39.1 pts to 4245.7. The defensive healthcare and telecom services sectors are pulling back after a few hours of trade however.
Bell FX Currency Outlook:
The AUD has firmed ever so slightly in quiet overnight FX markets with little movement in most currency pairs.
Following on from an uneventful session yesterday, the Australian sharemarket rose by 1.1 pct or 45.1 pts to 4206.6 today. The defensive healthcare sector was the lone sector to lose ground for part of the session only for it to improve in the second half of the session with all other sectors.
Rising concerns on the global fiscal health of its trading partners have led China-based steel mills to adopt a cautious attitude in buying key ingredient iron ore.
Rising concerns on the global fiscal health of its trading partners have led China-based steel mills to adopt a cautious attitude in buying key ingredient iron ore.
Although it has yet to regain its footing since its end-quarter 2011 jaw-dropping fall, precious metal gold will continue as the world's most favored investment pick to cushion oneself against the maddening global financial meltdown.
Nature seems to mourn over death of North Korean leader Kim Jong-il. His passing has been marked by dropping temperatures, grieving bears and recently, by groups of magpies as reported by the Korean state media.
The Australian sharemarket is gaining for the first time this week following yesterday's flat start to trade. The All Ordinaries index (XAO) is up 0.9 pct or 36.2 pts to 4197.7 despite the lack of a decisive lead from global markets overnight. Shares in the U.S ended higher this morning while European equities (shares) finished mostly lower.
The three anti-whaling activists, Geoffrey Tuxworth, Simon Peterffy and Glen Pendlebury, who were held onboard a Japanese whaling ship will not be charged and will be turned over to Australian authorities, reports said.
U.S. stocks staged a modest advance Monday afternoon as investors weighed the unofficial kickoff of the U.S. earnings season, due with Alcoa's report after the closing bell, against a batch of unsettling headlines from Europe.
Bell FX Currency Outlook:
The AUD is slightly stronger this morning, currently trading at USD1.0240, despite concerns over the European debt crisis resurfacing once again.
Australia's carbon tax scheme is put on the limelight again after China announced last week the adoption of a carbon tax scheme effective 2015. China aims to reduce its carbon emissions by as much as 40 per cent to 45 percent by 2020.
The Australian sharemarket was quite indecisive today with shares starting off in the black, only to remain in the red for most of the session and finish the day a little lower. The All Ordinaries index (XAO) fell 0.1 pct or 3 pts to 4161.5.
