There are more IT managers working today than two years ago, but their unemployment rate is rising as well. It's a paradox of government data, but there are theories for the apparent discrepancy. The government reported that the ...
Tags: Computer Products, IT
The Australian dollar was lower today after world-wide confidence was dented by news on Friday of weaker-than-expected employment growth in the US in March. The Australian dollar was trading at $US1.0373 in late afternoon trading compared ...
Tags: Australian dollar, dollar
AUSTRALIAN shares rose slightly in quiet trading yesterday after disappointing US non-farm payrolls data fuelled doubts about whether the world's No 1 economy would be strong enough for the US Federal Reserve to consider slowing the pace of ...
Tags: economy
AUSTRALIAN shares have opened slightly higher, buoyed by resource stocks . IG Markets Stan Shamu said resource stocks were benefiting from a rise in commodity prices following disappointing US employment data, which had pushed the US ...
THE Australian dollar rose today on better-than-expected February trade data but failed to sustain gains as traders wait for central bank meetings. The Bank of Japan and the European Central Bank hold policy meetings in the coming days, ...
Tags: Australian Dollar, economy
February retail sales exceeded expectations, according to data released today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that February retail sales at $421.4 billion were up 1.1 ...
Tags: retail sales, sales, promising signs
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
The Australian dollar was slightly lower ahead of the release of important domestic employment data. At 6.30am AEDT the currency was trading at 103.09 US cents, down from 103.14 cents at yesterday’s local close. The currency ...
The dollar was higher today as investors continued to lower their expectations of further interest rate cuts in 2013. Futures markets were pricing in just 18 basis points of interest rate cuts, compared with 50 basis points at the start ...
Tags: dollar, futures markets, cash rate
Shares in Commonwealth Bank soared above $70 to a new record yesterday as the local stocks hit a 4 1/2-year high after encouraging US non-farm payrolls data suggested the world's biggest economy was recovering. Strength in defensive and ...
Tags: Shares, stocks, sharemarket
Data from the United States Department of Commerce and the National Retail Federation (NRF) today showed that January retail sales were up compared to December as well as on an annual basis. Commerce reported that January retail sales at ...
Tags: United States Department of Commerce, NRF, January retail sales
Local shares reversed an intraday rise yesterday as caution about upcoming corporate earnings eclipsed data indicating continued improvement in Australia's two biggest trading partners. The benchmark S&P/ASX 200 index closed down 0.3 per ...
The Australian sharemarket was on track for a 10th-consecutive daily rise today, as commodity price strength lifted the resources sector. BHP Billiton rose 1 per cent after the price of London Metals Exchange copper rose 0.6 per cent and ...
Tags: Australian sharemarket, currency, economy
The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
The Australian dollar barely moved in sleepy Asian trading yesterday but the outlook for the currency remained upbeat, with one major domestic bank sharply lifting its forecast for the currency this year. "It's very, very quiet," Rochford ...
Tags: Dollar, currency, Australian dollar