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Australian Market Report of July 29, 2010
JULY 29, 2010 13:30 - Article Views: 2,317
The Australian shares dropped this morning after Wall Street ended its four straight day rises. US shares fell on news that orders for big-ticket items sank in June on weaker demand for airplanes and electronic goods. |
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Australian Market Report of January 6: On-going Upbeat Sentiment
JAN 6, 2010 09:30 - Article Views: 5,852
Australian market continued its gains on Tuesday as energy stocks had another strong day. The global markets rallied in the first trading day of this year while the upbeat manufacturing data from the United States, China and India boosted investor confidence over a global recovery in 2010. At the close, the benchmark S&P/ASX200 index surged 48 points, or 1 per cent, at 4924.3, while the broader All Ordinaries index increased 49.7 points, or 1 per cent, to 4939.5. |
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Australian Market Report of July 28: Wall St Gained at Slower Pace
JULY 28, 2009 13:00 - Article Views: 7,784
US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation. |
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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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Australian Market Report of February 26: Aussie Shares at Five-year Low Point
FEB 26, 2009 13:00 - Article Views: 11,069
Australian share closed at their five-year low point. The benchmark S&P/ASX200 was down 0.1%, or 4.1 points, at 3327.5, while the broader All Ordinaries index also fell 0.1%, or 3.5 points, at 3281.5. |
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Australian Market Report of January 16: New Hope Over The US Recue Plan
JAN 16, 2009 13:00 - Article Views: 7,012
Yesterday the Australian stock market fell sharply led by falls in Wall Street and the bleak local jobless data. Analysts expect worse to come after the ABS unemployment figure rose from 4.4% to 4.5% as the global economy further deteriorates this year. The benchmark S&P/ASX200 index fell 157.5 points, or 4.27 per cent, to 3,529.5 and the broader All Ordinaries index retreated 147.5 points, or 4.07 per cent, to 3,476.8. |
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Australian Market Report of December 17: To Soar on US Record Rate Cut
DEC 17, 2008 13:00 - Article Views: 6,162
Yesterday Australian shares closed lower as almost all sectors were down. The benchmark S&P/ASX200 index was down 35.2 points, or 0.98 per cent, at 3556.2, while the broader All Ordinaries index was down 36.8 points, or 1.04 per cent, at 3,498.9 points. Telecom sector continued to lose on Telstra's failure to submit an adequate tender for the national broadband network. |
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Australian Market Report of December 16: Mixed Leads from the US and Commodities
DEC 16, 2008 13:00 - Article Views: 5,635
Yesterday, the Australian market closed higher as the miners surged on rising commodities prices offsetting the slump dragged by Telstra after the government ruled out the company from the tender list for bidding on the national broadband network. The benchmark S&P/ASX200 share index ended the day 2.3% higher, or 81 points, at 3591.4, while the broader All Ordinaries index rose 2.4%, or 83.2 points, to 3535.7. Traditionally the market would be quiet during this period with more focus on specific stocks rather than the market as a whole. |
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Australian Market Report of December 15: Doubts over Car Maker Bailout
DEC 15, 2008 13:00 - Article Views: 7,406
The Australian stock market closed more than two per cent lower on Friday following weakness in United States markets caused by doubts over a rescue package for US car makers. The benchmark S&P/ASX200 index had fallen 87.6 points, or 2.43 per cent, to 3,510.4, while the broader All Ordinaries index lost 81.7 points, or 2.31 per cent, to 3,452.5. As the US Senate's rejected the $14-billion bailout for American automotive makers, the stock market is expected to continue moving downward on the negative news. |
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