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Australian Market Report of July 30, 2010
JULY 30, 2010 13:30 - Article Views: 3,096
The Australian sharemarket has opened lower on Friday, led by financials, energy and material sector. Overnight US market ended the choppy session with a loss, as investors seesawed between the disappointing revenue from utilities and consumer companies and a batch of strong earnings reports. |
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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 December 23: Gains after Overseas Positive Lead
DEC 23, 2009 09:30 - Article Views: 6,283
The Australian share market posted a strong gain boosted by banks and miners on Tuesday after good lead from European markets and Wall Street. At the close, the benchmark S&P/ASX200 index was up 69.1 points, or 1.49 per cent, at 4704.2 points, while the broader All Ordinaries index surged 64.9 points, or 1.39 per cent, to 4724.4. |
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Australian Market Report of November 25: Slower Pace of US Recovery
NOV 25, 2009 13:00 - Article Views: 5,597
US stocks closed weaker overnight after the US Commerce Department lowered its estimates of third quarter GDP and consumer spending. US economic growth in the third quarter was revised down to 2.8 per cent, down from an early estimate of 3.5 per cent expansion. Investors also worried Chinese banking regulator's capital-adequacy requirements would force the nation's lenders to tighten bank lending in China. |
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Australian Market Report October 6: Awaiting RBA Interest Rate Decision
OCT 6, 2009 13:00 - Article Views: 8,918
US shares rebounded on Monday after a losing week hit by a series of disappointing economic reports. The market gained as Goldman Sachs recommended large banks and a report showed service industries returned to growth after 11 months of contraction. |
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Australia Market Report of October 1: The Market Needs a Catalyst
OCT 1, 2009 13:00 - Article Views: 7,465
Overnight the US stocks slid over disappointing data in regional economy, as well as worries on the crucial data ahead including personal income, consumer spending, weekly jobless claims, manufacturing and home sales. |
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Australian Market Report of September 30: US Consumer Confidence Dropped
SEP 30, 2009 13:00 - Article Views: 8,808
Wall Street closed lower overnight after American consumer confidence reading in September dropped unexpectedly. The weakness in US technology stocks, which had been a leader for much of Wall Street's six-month rally, yesterday led a fall in the market. The Conference Board's consumer confidence index dipped in September to 53.1 from 54.5 in August as people worries about job market. |
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Australian Market Report of August 3: Five Months of Solid Gains
AUG 3, 2009 13:00 - Article Views: 8,486
Wall Street ended the last trading session of July with a positive note on Friday. The Dow increased 0.86% for the week and 8.58% for the month thanks for the better-than-expected earnings reports. The US government reported on Friday that gross domestic product declined by 1% in the second quarter, while economists had expected that number to be around 1.5%. The result gave investors stronger confidence that the worst recession since the Great Depression is likely coming to an end. |
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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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