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Australian Market Report of April 14, 2010: Back to Above 5000 Points Level
APR 14, 2010 13:30 - Article Views: 6,241
The Australian market rebounded to above 5000 points today after Wall Street gained on hope of upbeat US corporate earnings. On Wednesday, investors would look to consumer sentiment data from Wespac and Melbourne Institute. The local market fell back to below the 5000 points level on a weaker performance in Asian markets. Today Asian shares were mostly higher following the positive lead from Wall Street. |
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OZ Minerals (ASX:OZL) and IMX Resources (ASX:IXR) Signed an Exploration JV Agreement
APR 13, 2010 10:56 - Article Views: 3,861
OZ Minerals Limited (ASX:OZL) and IMX Resources Limited (ASX:IXR) have signed an Exploration Joint Venture Agreement to form a joint venture to explore for, and facilitate the development of, copper-gold projects on IMX's Mt Woods tenements in South Australia. OZ Minerals, which holds a 13 percent stake in IMX, has an immediate 51 per cent interest in the joint venture. |
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Australian Market Report of January 22: China's Inflation Concern
JAN 21, 2010 17:24 - Article Views: 6,500
Australian sharemarket dropped on Thursday due to concerns that China's bank lending halt may hit the global economy recovery. Chinese government data showed that GDP increased by 8.7 per cent in 2009 but inflation surged towards the end of the year. The results fuelled the expectations that China will introduce more measures to slow inflation. At the close on Thursday, the benchmark S&P/ASX200 index was down 41 points, or 0.8 per cent, at 4827.2, while the broader All Ordinaries index lost 45.8 points, or 0.9 per cent, to 4849.6. |
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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 30: Markets Strongly Rebounded
NOV 30, 2009 13:00 - Article Views: 5,295
Dow Jones Industrial Average Friday retreated about 1.5 per cent on concerns over the problem of Dubai World. But European shares reversed earlier sharp losses due to some bargain hunting buying. |
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Australian Market Report of October 15: Dow Index Broke 10000 Points
OCT 15, 2009 13:00 - Article Views: 6,821
Overnight Dow Jones Industrial Average closed above 10,000 points for the first time in a year, as the investors were encouraged by the better-than-expected earnings from Intel and JPMorgan Chase. The gains in stocks market were also helped by the positive September US retail sales data, which could be a further confirmation of a recovery. |
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Meteoric Resources NL (ASX:MEI) Discovers More Copper-Gold Targets At Webb Gold Project In West Arunta
AUG 31, 2009 10:45 - Article Views: 3,739
Meteoric Resources NL (ASX:MEI) has reached agreement in principle with Beadell Resources Limited (ASX: BDR) for a joint venture on four granted exploration licences (E80/3820, 3821, 3822 and 3823) totalling 840sq km close to Meteoric's Webb gold project in the West Arunta region of WA. This agreement significantly expands Meteoric's interests in the unexplored and highly prospective West Arunta region where targets now include a major 80sq km gold anomaly and at least six coincident magnetic-gravity IOCG-type anomalies. |
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Australian Market Report of August 27: Weak Response to the Strong Data
AUG 27, 2009 13:00 - Article Views: 8,753
US stocks closed nearly unchanged Wednesday despite a stronger than expected increase of new home sales and a jump in durable goods orders. The market responded to the positive data with a shrug, as investors remained cautious and took their profits after rallies. |
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Australian Market Report of June 19: Supported by US Upbeat Data
JUNE 19, 2009 13:00 - Article Views: 7,429
The Australian shares were lower for a fourth consecutive day as traders continued to sell-off mining stocks. The benchmark S&P/ASX200 index was 0.3 per cent, or 12 points lower, to 3892.1, while the broader All Ordinaries index fell 0.4 per cent, or 16.8 points, at 3887.4. |
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