Tag: stockmarket
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Hopeful market as AUD and ASX rise
Australian traders will be feeling positive this morning as the Australian dollar climbs in early trade. The AUD now buys 0.7437 US cents, which represents a 0.09% increase on Friday’s closing price. The stronger performance of Australia’s key export commodities has helped to augment this rise, in particular iron ore. This week Australia’s largest export…
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Apple stocks take historic dive
There’s a first time for everything, but Apple’s recent firsts aren’t something to celebrate. For the first time in its existence, iPhone sales have fallen 16% year-over-year. Apple has also posted its first year-over-year decline in quarterly revenue in 13 years, as profit and revenue growth have slipped. The company’s quarterly profit fell 22.5% as…