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Australian Market Report of July 21, 2010
JULY 21, 2010 13:30 - Article Views: 3,722
The Australian shares opened firmer this morning after Wall Street rose on speculation that the Federal Reserve would provide more stimulus to the US economy. Mining sector delivered a strong gain in early trade, as BHP Billiton posted a report of record annual production. |
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Australian Market Report of June 16, 2010: Guinness Peat Group (ASX:GPG) to Demerge Its Australia Business
JUNE 16, 2010 13:30 - Article Views: 4,667
The Australian share market delivered a strong opening on Wednesday as Wall Street's rally overnight boosted confidence in local market. S&P/ASX200 index rose 1.4 per cent in early trade, driven by resources, industrial and financial stocks. The Australian shares yesterday closed slightly lower with light volumes while Asia markets were mostly flat. |
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Australian Market Report of February 24: Cautious Ahead Bernanke Testimony
FEB 24, 2010 09:30 - Article Views: 3,922
The Australian share market finished almost unchanged on Tuesday as weakness in resources stocks offset gains in the banking sector. Asian markets were lower yesterday ahead of testimony by US Federal Reserve chairman Ben Bernanke. The benchmark S&P/ASX200 index edged up 0.8 points or 0.02 per cent, at 4718.3 points, while the broader All Ordinaries index had slipped 1.7 points, or 0.04 per cent, lower to 4731. |
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Australian Market Report of December 24: Weak Trade before Holiday
DEC 24, 2009 09:30 - Article Views: 4,917
The Australian shares Wednesday were broadly higher in the last full trading day before Christmas holiday. The market rose in a light trade after the US market gained on the upbeat home sales data. At the close, the benchmark S&P/ASX200 index rose 35.1 points, or 0.7 per cent, at 4739.3, while the broader All Ordinaries advanced 31.7 points, or 0.7 per cent, to 4756.1. |
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Australian Market Report of December 16: Up in Quiet Trade
DEC 16, 2009 09:30 - Article Views: 5,205
The Australian sharemarket Tuesday closed higher in a quiet trading day as Dubai debt fears eased. The local market was also inspired by an earlier report about energy giant Exxon's US$30 billion takeover bid of XTO and the forecasts by the Australian government commodity forecaster ABARE for iron ore and coking coal exports. At the close, the benchmark S&P/ASX200 index rose 19.5 points, or 0.4 per cent, at 4673.5, while the broader All Ordinaries gained 19.6 points, or 0.4 per cent, to 4687.8. |
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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 November 27: Worries over Troubles in Dubai
NOV 27, 2009 13:00 - Article Views: 5,559
US market was closed for Thanksgiving Day holiday, but the overseas markets were strongly hit by fears of a debt default by Dubai World, Dubai government's key holding company. Dubai World, which owns strategic global assets, has asked bondholders for a standstill on about US$60 billion in debt until May. |
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Australian Market Report of November 20: A Drop in Risk Appetite
NOV 20, 2009 13:00 - Article Views: 5,295
US stocks fell for the second day after a downgrade of technology companies such as Intel. Energy and materials shares also showed losses as commodities prices tumbled. |
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Amcor (ASX:AMC) Buys Alcan Assets from Rio (ASX:RIO) For US$2B
AUG 18, 2009 15:30 - Article Views: 4,811
Amcor Ltd. (ASX:AMC), the world's largest maker of plastic soft drink bottles, said Tuesday that it will buy parts of Rio Tinto Ltd.'s (ASX:RIO) Alcan Packaging business for US$2.025 billion to expand its existing business in Asia and Europe. |
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