Global Markets

Eurozone

From Global Markets May 06

Eurozone Heads for Deeper Recession as Business Activity Continues to Decline in April

The final eurozone composite output index shows a reading of 46.9 in April, the 15th consecutive month of decline in activity.

Spain unemployment

From Global Markets May 06

Spanish Job Market Improves in April While Services Sector Remains Weak

Services PMI declines to 44.4 from 45.3 in March due to the economic crisis.

ASX

From Global Markets May 06

Australian Stock Market Report – Afternoon 5-6-13

The Australian share market has started the week's trade on a positive note, following a positive lead from Wall Street at the end of last week on the back of better than expected US Jobs numbers.

Traders work on the floor of the New York Stock Exchange January 5, 2012.

From Global Markets May 06

Australian Stock Market Report – Midday 5-6-13

The Australian sharemarket is higher thanks to a better than expected US jobs on Friday, however a portion of the gains were wiped out due to a weaker than forecast retail spending report. The All Ordinaries Index (XAO) is up 1.1 per cent or 54.4 pts to 5159.8. The mining sector is the standout at lunch thanks to a strong rise in commodity prices, in particular copper which jumped by 6.2 per cent.

Beijing

From Global Markets May 06

China Economy to Rebound in Q2 Despite Lower Export Growth

The economy is expected to grow at 8%, following a 7.7% growth in the first quarter.

From Global Markets May 05

Choosing Among REITs

-A-REITs strong in April-Low rates support move to A-REITs-Sector appears more stable now-Focus on yield, earnings and location

Dozens of State Schools in Australia’s Queensland Up For Closure to Allow $17M State Savings

From Economy May 06

1170 Students, 157 Teachers To Get Affected as Queensland Closes 9 Schools

At least 1,170 students stand to get affected and 157 teachers stand to lose their jobs once Queensland pursues to close nine of its state public schools.

Asian Markets

From Politics & Policy May 06

Asian Markets, AUD/NZD, JPY/USD Movements - 06 May 2013

IG MARKETS CHIEF STRATEGIST, CHRIS WESTON'S VIEWS: Asian markets have opened the new week on a firmer footing after the solid US payrolls report. Still, with Japan offline today volumes have been pretty poor in the markets that are still open.

Copper pots

From Politics & Policy May 06

Global Markets Overview - 06 May 2013

The Dow Jones Industrial Average was up 142.38 (0.96 per cent) to 14,973.96 on Friday, after having breached the 15,000 mark earlier for the first time.

Kospi

From Global Markets May 06

Asian Markets Gain on Wall Street Cues

An unexpected improvement in the US labour market lifts Asian market sentiments.

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