Global Markets

Australia's ASX outshines Asian indices

From Global Markets 6:16 pm

Australian Stock Market Report – Afternoon 4/24/14

The buying spree continued on the final day of the shortened trading week, with Australian stocks once again closing at their best levels in almost six years.

Stocks Fall as Nasdaq Slides; Dollar Eases on Jobs Data

From Politics & Policy 2:57 pm

Australian Dollar Outlook - 24 April 2014

Bell FX Currency Outlook: The Australian Dollar consolidated overnight, following the sharp fall it recorded in response to yesterday’s softer CPI report and is currently trading around USD 0.9285.

australian stock market

From Global Markets 2:16 pm

Australian Stock Market Report – Midday 4/24/14

The Australian share market continues to trade at near six year highs in the early session, despite a negative lead from Wall Street. Investor sentiment has been boosted however by strong earnings reports from Facebook and Apple in the US, after the bell, which has sent both companies' share prices higher in after-hours trade.

Liquefied natural gas (LNG) plant - Feb. 17, 2009.

From Economy 1:23 pm

Australia Consumer Watch: Looming NSW Gas Price Hike Possible to Extend in Other States

Gas prices in New South Wales are set to increase by 17.6 per cent effective July 1, making typical NSW households' gas bills jump between $150 and $225 annually.

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York

From Global Markets 9:14 am

Global Markets Overview – 4/24/14

The equity rally we've been seeing in the US finally came to a halt on the back of mixed earnings and some disappointing economic data. The US flash manufacturing PMI and new home sales both missed estimates and contributed to dampening sentiment. While earnings weren't great in US trade, after hours trade has seen some monster results from tech giants Apple and Facebook.

A man monitors stock market prices inside a brokerage in Taipei

From Global Markets 9:10 am

Australian Stock Market Report – Morning 4/24/14

In US economic data, new home sales fell by 14.5% to a 384,000 annual rate in March, an 8-month low and below the market expectation for a result near 450,000. The Markit manufacturing index eased from 55.5 to 55.4 in April, below forecasts for a result near 56.

Sydney Opera House

From Global Markets 8:52 am

Australians to Spend $13,000+ for 2014 Travels, Double Global Average of $5,500

A TripBarometer survey by travel site TripAdvisor among 50,000 people from different countries named Australia and Italy as their top dream destinations with the two nations tied for first place.

Tourists

From Global Markets 8:21 am

Hoax Alert: Visa-Free Entry for Filipinos to U.S.

Although Filipinos are found in 200 countries, the United States remains a land of milk and honey for many of them. Thus, when a news report came out that the State Department announced on Monday of a new policy that could be life changing for Philippine residents, many were happy.

The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch, May 18, 2012 file photo. REUTERS/Beck Diefenbach

From Tech Apr 23

Tech Bubble Rising? Greenlight's David Ernhorn Sees Second Bubble in 15 Years Amid Facebook, Twitter Slump

Greenlight Capital's David Ernhorn has declared in his fund's quarterly investor letter that he sees another tech bubble coming possibly in 15 years. In a CNBC report, Mr Ernhorn wrote that "there is a clear consensus" of the coming of a second tech bubble.

ASX 1

From Global Markets Apr 23

Australian Stock Market Report – Evening 4/23/14

The Australian sharemarket maintained most of its gains this afternoon to close near six-year highs and improve for the fifth straight day. The All Ordinaries Index (XAO) closed above the 5,500 point mark for the first time in 2014, with the XAO rising by 0.64 per cent to 5502.2.