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Australian Market Report of February 11: Gains Pared after China's Trade Data
FEB 11, 2010 09:30 - Article Views: 4,785
Australian shares gave up early gains after disappointing trade numbers from China raised concerns that Chinese economy is cooling. The market closed slightly higher as earnings reports from market heavyweights BHP Billiton and Commonwealth Bank helped the rise. At the close, the benchmark S&P/ASX200 index was 8.3 points higher, or 0.2 per cent, at 4513.4. The broader All Ordinaries index rose 12.3 points, or 0.3 per cent, to 4533. |
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Australian Market Report of January 25: Hit by US and China Jitters
JAN 25, 2010 09:30 - Article Views: 4,819
The Australian sharemarket posted a sharp loss for second straight day to a one-month closing low on Friday. The market pressured by worries about a slowdown in China and concerns over U.S. President Barack Obama's proposed stricter regulations on banks. At the close, the benchmark S&P/ASX200 index and the broader All Ordinaries index both tumbled 1.6 per cent. For the week, the ASX 200 fell 3.2 per cent, its worst weekly return in 12 weeks. |
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Australian Market Report of December 1: Focus Shifted to Domestic News
DEC 1, 2009 13:00 - Article Views: 5,691
US stocks closed higher overnight as Dubai World said it was in discussions with banks to restructure US$26 billion in debt and the talks were proceeding on a constructive basis. Global markets strongly rebounded yesterday as investors realised that Dubai's trouble might be a regional problem. |
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Australian Market Report of August 11: Look to Earnings Reports
AUG 11, 2009 13:00 - Article Views: 8,303
Wall Street finished slightly lower overnight after the US stocks hit a fresh high on Friday. Investors locked in profits ahead of economic data due to release this week, including monthly retail sales figures and the Federal Reserve's statement on interest rates and the economy. |
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Australian Market Report of June 3: In Recovery Mood
JUNE 3, 2009 13:00 - Article Views: 8,985
Yesterday the Australian share market was bolstered by favorable local and overseas economic data. The benchmark S&P/ASX200 index gained 60.9 points, or 1.56 per cent, to 3955.3 points, while the broader All Ordinaries index surged 60.2 points, or 1.55 per cent, at 3948.1 points. |
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Australian Market Report of May 18: Market Softened on US Economy Outlook
MAY 18, 2009 13:00 - Article Views: 11,261
Australian shares gained 1.3% on Friday but still lost 4.3% for the week. The benchmark S&P/ASX200 index was 49.8 points, higher at 3773.2 and the broader All Ordinaries index was also up 1.3%, or 48.1 points, at 3758.9. The local market is expected to soften on jitters over the US economy. |
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Australian Market Report of May 12: Caution Ahead of the Federal Budget
MAY 12, 2009 13:00 - Article Views: 7,914
The Australian share market ended lower on Monday, dragged by miners and banks. The market was cautious ahead of the federal budget which will forecast a record deficit tonight. Yesterday, the benchmark S&P/ASX200 was down 15.7 points, or 0.4%, at 3926, while the broader All Ordinaries lost 9.1 points, or 0.23%, to 3910.5. |
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Australian Market Report of May 11: Wall Street Raised Hopes of Recovery
MAY 11, 2009 13:00 - Article Views: 7,281
The Australian shares ended marginally higher last Friday. The benchmark S&P/ASX200 index was up 3 points, or 0.1%, to 3941.7, while the broader All Ordinaries Index rose 7.5 points, or 0.2%, to 3919.6. |
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Australian Market Report of March 6: China's Stimulus Not Delivered
MAR 6, 2009 13:00 - Article Views: 9,048
Yesterday the Australian market closed higher led by resources sector as Chinese Premier Wen Jiabao said the Chinese government will increase spending to boost the economy and achieve an 8% growth target this year. It raised the expectations that China's stimulus measures will prompt the demand for resources. The benchmark S&P/ASX200 index was up 22.1 points, or 0.7 per cent, to 3,188.5, while the broader All Ordinaries index rose 22.9 points, or 0.73 per cent, to 3,148.8. |
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