KBB Morning Snapshot

September 21, 2012, 9:56 am Kochie's Business Builders Yahoo7

iPhone 5 Arrives ~ Manufacturing Strengthens ~ Market News, Dollar Strong

KBB Morning Snapshot

iPhone 5 Arrives

It's here. The iPhone 5 has arrived, and to great fanfare. This morning saw long lines outside Apple stores around Sydney as eager aficionados waited for the doors to open, to get their hands on the phone that broke all the pre-sale records in the US after it was unveiled last week.

Manufacturing Strengthens

Manufacturing conditions have improved for the first time in over a year, as a composite index released today reached above 50 points, a level unseen since March last year. Lower interest rates and a less hostile global environment have pushed the Australian Chamber of Commerce and Industry index to 52.4 points for the quarter, up from 48.3 previously.

Market News

Aussie shares withstand a losing night overseas to point upwards. Fear over weak reports from Europe and China's manufacturing instilled fear in offshore markets, while domestic market regains some of yesterday's losses, with the SPI futures contract on the ASX24 up 12 points. Aussie dollar rises over $1.04.