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Australian Market Report of February 25: Lower Metals Prices Hit Resources Giants
FEB 25, 2010 09:30 - Article Views: 4,958
The Australian share market fell sharply Wednesday after led by mining giants BHP Billiton and Rio Tinto as metals prices dropped. The benchmark S&P/ASX200 index ended down 69.8 points, or 1.5 per cent, at 4648.5, while the broader All Ordinaries index lost 65.1 points, or 1.4 per cent, to 4665.9. |
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Australian Market Report of October 22: Concerns over Financial Firms' Earnings
OCT 22, 2009 13:00 - Article Views: 7,549
US shares fell overnight led by Wells Fargo. A late sell-off in financial stocks was triggered after an analyst cut his investment rating on the company, saying the quality of its earnings was pretty poor. The Federal Reserve's latest beige book, showing weak consumer spending during late summer, also weighed down the market. |
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Australian Market Report of September 10: Wall Street Extended Gaining Streak
SEP 10, 2009 13:00 - Article Views: 8,921
Overnight US stocks rose for a fourth consecutive session led by industrial stocks. But market sentiment were dented after Federal Reserve report showed that consumer spending was still soft and retail sales were flat. The report also said labour market conditions remained weak across all districts. |
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