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  • European stocks close higher | Business Spectator
    Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu European stocks close higher 10 Jan 10 37 PM 1 Markets Financial Markets Region s bourses lift despite US jobs data You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP European stocks have risen after disappointing jobs data from the US and the euro climbed as investors saw the US figures as a sign stimulus tapering would be delayed London s benchmark FTSE 100 index posted a gain of 0 73 per cent to 6 739 94 points while Frankfurt s DAX 30 rose 0 55 per cent to 9 473 24 points and the CAC 40 in Paris climbed 0 60 per cent to 4 250 60 points Milan added 0 34 per cent and Madrid rose 0 55 per cent Data from the US Labor Department showed that the jobless rated dropped by 0 3 percentage points for the second month in a row to 6 7 per cent Analysts noted that much of the drop was due to more people dropping out of the workforce and that the US labour participation rate had now hit a 30 year low of 62 8 per cent The job creation figure of 74 000 was far less than the 197 000 analysts expected and well below the trend for the past year CMC Capital Markets analyst Michael Hewson called the non farm payrolls data a shock and that the data showed the US economy added fewer jobs in 2013 than in 2012 despite the US Federal Reserve pumping US85 billion A96 billion per month into the economy The Fed decided last month to cut the amount of its monthly bond purchases by 10 billion beginning in January and analysts were eagerly awaiting the jobs numbers as they will likely influence whether further cuts or tapering follow swiftly What this does mean is that we probably won t see any further tapering until March Hewson said Robert Wood at Berenberg Bank noted that the unemployment rate is now close to the 6 5 per cent level that the Fed has set before it will consider raising interest rates from their record low level While the Fed has signalled it will not automatically raise its key rate from from 0 to 0 25 per cent even when the

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/financial-markets/european-stocks-close-higher (2014-01-12)
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  • Aust stocks close lower | Business Spectator
    some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Aust stocks close lower 10 Jan 4 17 PM 1 Markets ASX Local market slides following the release of Chinese trade numbers miners weigh You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter The Australian stock market has closed lower following the release of China trade numbers and ahead of US non farm payrolls data tonight At the 1615 AEDT official market close the benchmark S P ASX200 index slipped 0 23 per cent to 5312 4 points while the broader All Ordinaries index retreated 0 21 per cent to 5316 3 points IG market analyst Stan Shamu said materials had come under further pressure following the release of the Chinese data Taking a closer look at Australia specific metrics the picture doesn t look great China s overall imports from Australia fell to 1 5 in December down from 1 8 in November Meanwhile iron ore imports also dropped to 73 38Mt in December down from 77 84Mt in November This probably explains why the materials space just continues to languish today with the iron ore miners among the worst performers he said Materials weakened in afternoon trade BHP Billiton declined 1 43 per cent to 36 44 while rival Rio Tinto lost 2 53 per cent to 63 65 Fortescue Metals retreated 2 99 per cent to 5 20 while Newcrest slipped 1 07 per cent to 8 36 Whitehaven Coal decreased 1 59 per cent to 1 855 while Santos declined 0 9 per cent to 14 37 Oil Search retreated 0 25 per cent to 8 13 and Woodside Petroleum shed 0 26 per cent to 37 90 Financials were mixed at the close ANZ slipped 0 09 per cent to 31 56 while Commonwealth Bank slid 0 49 per cent to 77 60 National Australia

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/asx/aust-stocks-close-lower (2014-01-12)
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  • Aust dollar edges higher at noon | Business Spectator
    Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Aust dollar edges higher at noon 10 Jan 1 58 PM Markets Currency Australian Dollar Local currency trading a narrow range ahead of US jobs data You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP The Australian dollar is staying in a tight range as traders sit on the sidelines keenly awaiting the release of official US employment figures for December At 1200 AEDT the local unit was trading at 88 77 US cents up from 88 69 cents on Thursday During the morning the currency stayed in a range between 88 83 US cents and 89 04 cents National Australia Bank currency strategist Emma Lawson said the upcoming US non farm payrolls data out in the early hours of Saturday Australian time are overshadowing all other drivers for currency markets The European Central Bank s heightened cautious tone was the main news overnight but with the US payrolls now featuring as such an important guide markets were relatively

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/australian-dollar/aust-dollar-edges-higher-noon (2014-01-12)
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  • Aust stocks lower at noon | Business Spectator
    future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Aust stocks lower at noon 10 Jan 12 14 PM Markets ASX Local market pushes into the red following weak US EU sessions You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter The Australian stock market pushed into the red at noon after United States and European markets lost ground overnight At 1205 AEDT the benchmark S P ASX200 index lost 0 29 per cent to 5 309 2 points while the broader All Ordinaries index declined 0 30 per cent to 5 311 6 points CMC Markets chief market analyst Ric Spooner said activity on the local market was subdued as traders take a wait and see approach ahead of the release of Chinese trade numbers today and US non farm payrolls data tonight Mr Spooner said the market was waiting for good news to justify current prices as well as further gains Valuations are pretty full and that s just keeping people a little cautious he said The mood of the market is one where people are looking for more evidence before they take things higher he said Materials were weaker at midday BHP Billiton declined 1 81 per cent to 36 30 while rival Rio Tinto lost 2 53 per cent to 63 65 Fortescue Metals retreated 3 17 per cent to 5 19 while Newcrest slipped 1 6 per cent to 8 315 Whitehaven Coal decreased 0 27 per cent to 1 88 while Santos declined 1 17 per cent to 14 33 Oil Search retreated 0 74 per cent to 8 09 and Woodside Petroleum shed 0 53 per cent to 37 80 Financials were mostly stronger with the big four all pushing into the black ANZ rose 0 92 per cent to 31 88 while Commonwealth Bank gained 0 18 per cent to 78 12 National Australia Bank gained 0 15 per cent to 34 50 while Westpac inclined 0 56 per cent to 32 12 Investment bank

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/asx/aust-stocks-lower-noon (2014-01-12)
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  • Scoreboard: Labour joy | Business Spectator
    progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Scoreboard Labour joy Craig James 9 Jan 7 38 AM Markets December saw US private sector jobs growth at their highest for 2013 pushing the dollar lower against the greenback You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password In US economic news the ADP National Employment Report showed the private sector added 238 000 jobs in December the fastest pace in 13 months Analysts are looking for around 200 000 jobs to be added on Friday s non farm payrolls number The FOMC minutes suggested that several Fed members were concerned about tapering while unemployment remained high Members focused on the labour market debating lowering the unemployment threshold from 6 5 per cent to 6 per cent Fed staff continues to forecast significantly faster growth The minutes noted that spending was lifting across the economy due to rising wealth levels and lower gasoline prices Many saw economic growth as meaningful and expected less fiscal drag in 2014 European shares were mixed on Wednesday but rising confidence that peripheral eurozone economies are starting to recover from the region s debt crisis underpinned sentiment Spain s IBEX rose by 0 7 per cent while Portugal s PSI 20 added 1 4 per cent and Greece ATG index lifted by 3 3 per cent The FTSEurofirst 300 index rose by 0 1 per cent with the UK FTSE lower by 0 5 per cent and the German Dax fell by 0 1 per cent Mining shares were weaker with BHP Billiton down 1 per cent in London trade while Rio Tinto fell by 0 8 per cent US share markets declined on Wednesday as investors waited on the Fed minutes The minutes did not provide any significant shift in market movements With an hour of trade left the Dow Jones was down by 85 points or 0 5 per cent while the

    Original URL path: http://www.businessspectator.com.au/article/2014/1/9/markets/scoreboard-labour-joy (2014-01-12)
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  • Craig James | Business Spectator
    weekend as investors sought safe havens by Craig James 8 01am December 31 SCOREBOARD Cliff diving International stocks see further declines on fiscal cliff wrangling but US house prices rise to highest level in over 2 years by Craig James 7 48am December 28 1 comment SCOREBOARD Fiscal miff Disappointing retail sales and lack of progress on the fiscal cliff boosted America s bid for safe haven assets overnight by Craig James 7 30am December 27 SCOREBOARD US uptick Though US and European markets fell on Friday on fiscal cliff concerns overnight economic data painted a generally rosier picture for Americans by Craig James 7 00am December 24 SCOREBOARD Fear factor The US received more good jobs data but markets fell on the Fed s stimulus stance and a jump in the fear gauge by Craig James 7 26am April 05 SCOREBOARD Fed dampener Global markets retreated overnight as US Fed minutes hit hopes of further QE by Craig James 7 26am April 04 SCOREBOARD Industrial strength Wall Street investors were spurred onto risk last night by positive manufacturing and jobs data by Craig James 7 44am April 03 1 comment SCOREBOARD Long labour US jobless rate may have dropped to 9 4 per cent but Fed boss Ben Bernanke says recovery could take another four or five years by Craig James 7 42am January 10 1 comment SCOREBOARD Lap of luxury High end spenders lead American Christmas sales higher while jobless claims remain strong upon closer inspection by Craig James 7 41am January 07 SCOREBOARD Well serviced The US services sector is expanding faster than at any time in over four years while positive signs emerge from Beijing on the yuan by Craig James 7 40am January 06 SCOREBOARD Fed fears US factory orders surprised on the upside but the Fed s latest minutes show only mild hope for growth and jobs in 2011 by Craig James 7 41am January 05 SCOREBOARD Factory fizzer After 17 months of expansion the US manufacturing sector is still growing although soft jobs data dampened the good news by Craig James 7 30am January 04 SCOREBOARD Hardly celebratory Positive economic data particularly in the US couldn t inspire the markets as traders moved to book end of year profits by Craig James 8 40am December 31 SCOREBOARD Euro energy Both European shares and the Euro gained from better than expected private sector credit data by Craig James 7 24am December 30 Page 1 Scoreboard French dip France s head of public audit said the country s debt had reached a danger zone adding to a generally weak day for European markets by Craig James 7 46am January 10 Scoreboard Labour joy December saw US private sector jobs growth at their highest for 2013 pushing the dollar lower against the greenback by Craig James 7 38am January 09 Scoreboard Europe euphoria European shares rallied to their highest point in over five years while the US trade deficit shrunk on better than expected exports by

    Original URL path: http://www.businessspectator.com.au/contributor/craig-james (2014-01-12)
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  • Equities in the year ahead | Business Spectator
    into 2014 We continue to see dividend yields supporting a large part of the market and favour large cap stocks in terms of alpha generation Stocks leveraged to a weak Australian dollar currency improving capital market conditions undergoing cost out programs with strong franchises and pricing power will continue to do well Whitehouse Our December 2014 All Ordinaries valuation is 5 550 with 5 per cent earnings growth This implies a total sharemarket return of 7 9 per cent plus franking from the equity market this year We see forward equity returns much closer to the All Ordinaries accumulation 20 year average of 8 88 per cent At times one can simply buy broad equity exposure and expect to do well this occurs when equities in general are unpopular and as a result available cheaply Today is not one of those times Daniels While domestic sentiment and the stock market have improved over the short term we think 2014 will be a tougher year for Australian equities than 2013 and we are not expecting another year of strong performance One of our key concerns is that valuations have run well ahead of earnings growth and investors have to pay more for decent yields that come with less certainty of being paid Our medium term outlook is one of caution as we anticipate domestic consumers and businesses to continue to adjust to incoming cost pressures Q2 What are your preferred sectors and why Any stocks in particular Clapham We forecast earnings growth of 17 per cent for the ASX200 in FY2014 compared to minus three per cent in FY2013 The sectors with the strongest expected earnings growth are financials ex banks up 28 per cent improving financial markets resources up 23 per cent lower costs and higher iron ore prices energy up 22 per cent expanding LNG production and healthcare up 14 per cent lower Australian dollar growing demand We have a bias towards companies exposed to industries with sound structures and with high earnings sustainability Companies we favour include Crown ResMed Fox Computershare Aurizon Orica and Carsales Oliver I see the best return opportunities as being in the cyclical sectors that have underperformed in recent years such as materials including resources and industrials These should benefit from improving economic growth and come with the cheapest valuations Burge We feel that no particular sector is cheap at the moment as the market has had such a PE expansion but our portfolio is overweight telecoms and healthcare Daniels Over the year Rio Tinto and BHP Billiton announced new members to their senior leadership teams and both new chief executives are doing the right thing by focusing on productivity and lowering per unit costs We believe valuations are cheap in resources and these companies are well positioned to capture the future long term growth from China A weaker currency should benefit exporters and slow but steady improvements in the US and European economies should bode well for our holdings with offshore revenue streams

    Original URL path: http://www.businessspectator.com.au/article/2014/1/7/financial-markets/equities-year-ahead (2014-01-12)
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  • Victoria Thieberger | Business Spectator
    but the supermarket giant s failed bid highlights its growth constraints at home by Victoria Thieberger 2 42pm October 21 3 comments Counting the high cost of the shutdown In hard dollar figures and longer term intangibles Washington s brinkmanship has hurt everyone else in the country by Victoria Thieberger 3 53pm October 18 5 comments Rents floored by the hard reality of retail softness In an era of weaker retail sales the days of retail landlords extracting outsized rent increases appear to be over The tide is turning in favour of specialty retailers by Victoria Thieberger 3 41pm October 16 7 comments Dreamliners chart a starry path for Jetstar Qantas has pinned its hopes on the fuel efficient and less costly Boeing 787 Dreamliner to spearhead Jetstar s expansion into the Asian market by Victoria Thieberger 2 48pm October 15 2 comments The shutdown leaves Bernanke flying blind If the US deadlock continues much longer a raft of missing key economic data will further complicate the Fed s tapering decision and global markets may be taken by surprise by Victoria Thieberger 2 20pm October 14 10 comments Why the housing boom is different this time Despite much hullabaloo over property Australia s housing upswing is far more temperate for prices and builders this time around by Victoria Thieberger 3 34pm October 11 51 comments What Yellen s Fed will look like The dovish Janet Yellen will stand her ground with steely determination as she weighs up the Fed s withdrawal of bond buying stimulus by Victoria Thieberger 12 30pm October 09 13 comments Saputo moves closer to a whiff of the big cheese Saputo s offer for Warrnambool reflects international firms strong desires to establish Australia as a base into Asia with a tasty premium to sway reticent shareholders by Victoria Thieberger 1 54pm October 08 2 comments The Coalition s auto policy is driving on empty The demise of car manufacturing doesn t mean the end of Australia s auto sector With the Coalition s help it could become a globally competitive designer and supplier of high end components by Victoria Thieberger 3 40pm October 07 16 comments In Asia Packer eyes his high roller haven James Packer s efforts to corner the lucrative high roller segment in Asia may come to fruition with the Japanese government due to consider a bill that would allow the development of casinos by Victoria Thieberger 4 14pm September 30 2 comments Equities in the year ahead After delivering impressive returns in 2013 experts say the Australian sharemarket should continue to rise in 2014 But with the easy money already made caution is advised by Victoria Thieberger 1 52pm January 07 3 comments New bourse aims to lure Chinese firms Asia Pacific Stock Exchange s clearance from ASIC paves the way for more Asian companies to tap Australian capital markets by Victoria Thieberger 12 41pm December 16 1 comment Go west and go east Australia s great wall of retirement money will

    Original URL path: http://www.businessspectator.com.au/contributor/victoria-thieberger (2014-01-12)
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