All news

AAP Markets Report

Stock Market Wrap INDEX LAST MOVE PREVIOUS Dow Jones 24774.30 28.09 24746.21 S&P500 2682.62 2.11 2680.5 Nasdaq 6939.34 3.09 6936.249 FTSE100 7620.68 28.02 7592.66 DAX 13070.02 -2.77 13072.79 Shanghai 3275.3966 -30.728 3306.1246 Hang Seng 29597.66 19.65 29578.01 NIKKEI225 22911.21 18.52 22892.69 NZSE 50 8376.43 -20.00 8396.43 CURRENCY SNAPSHOT: One Australian dollar buys: * 77.72 US…

Stocks to watch

Stocks to watch on the Australian stock exchange: BHP – BHP BILLITON – up 16 cents, or 0.55 per cent, at $29.51 FMG – FORTESCUE METALS GROUP – up 4.0 cents, or 0.82 per cent, at $4.94 RIO – RIO TINTO – up 27 cents, or 0.36 per cent, at $74.89 The price of iron…

Aust shares look set to open flat

The Australian share market looks set to open virtually unchanged and directionless with Wall Street offering no real lead. At 0700 AEDT on Thursday, the share price futures index was up one point, or 0.02 per cent, at 6,023. In the US, stocks are little changed, as gains in the technology sector offset losses in…

$A is continues to rise against $US

The Australian dollar has continued its rise against the US dollar amid improved commodity prices. At 0635 AEDT on Thursday, the Australian dollar was worth 77.74 US cents, up from 77.45 US cents on Wednesday. A rally in commodity prices, led by oil and copper, has propelled the Australian and Canadian dollars to their highest…

International markets roundup

NEW YORK: US stocks are little changed, as gains in the technology sector offset losses in energy and helped keep major indexes nearly flat. The S&P technology index was up 0.1 per cent and poised to snap a five-session losing streak, its longest since April, led by gains in Facebook, up 1.0 per cent, and…

Chinese tech icon ordered back to China over debt woes

Flamboyant Chinese tech icon Jia Yueting, who once boasted his company LeEco would take on Apple and Tesla, has been ordered back to China by financial regulators over his company’s debt woes.Jia, who is thought to be in the US attempting to build his Los Angeles-based electric car company, was added to a national blacklist…

US stocks tread water ahead of consumer data

Wall Street stocks were little changed early Wednesday ahead of US consumer confidence data covering much of the critical holiday shopping season.After rallying in Tuesday’s session on reports of strong holiday sales, leading retailers were mixed early Wednesday ahead of the Conference Board confidence data for December.About 20 minutes into trading, the Dow Jones Industrial…

IG Research – The long and the short of it

In equity land, the story of the night has been the FTSE 100 breaking out to new all-time highs, although the 0.4% gain was hardly spectacular and even less so when one thinks the total value traded was 41% below the 30-day average.US equities have barely moved across the major indices, with volumes also non-existent….

British purchasing power set to stagnate in 2018

Britons’ purchasing power, which took a hit this year against the backdrop of Brexit, looks set to stagnate in 2018, according to a new study released on Wednesday. Following what was a ‘tough year for living standards’ in 2017… the prospects for a ‘meaningful pay recovery’ are ‘still out of sight’, said Torsten Bell, head of…

US, European stocks edge higher in thin holiday trading

European shares were steady to slightly higher in thin holiday season trading on Wednesday, buoyed by a rise in commodity prices and a firmer showing on Wall Street. London’s FTSE 100 index, driven by strong gains in mining stocks, ended the session 0.4 percent higher at a new closing high of 7,620.68 points. In the eurozone, Frankfurt’s…