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Australian Market Report of May 21, 2010: GUD Holdings (ASX:GUD) to Make Takeover Bid for Dexion (ASX:DEX)
MAY 21, 2010 13:30 - Article Views: 4,077
The Australian share market sank massively at opening on Friday, after Wall Street and European markets overnight slumped again due to Europe debt jitters. The Dow Jones industrial average experienced its deepest one-day plunge in more than a year, as investors feared that the European debt crisis might spread around the world. |
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Australian Market Report of February 11: Gains Pared after China's Trade Data
FEB 11, 2010 09:30 - Article Views: 4,550
Australian shares gave up early gains after disappointing trade numbers from China raised concerns that Chinese economy is cooling. The market closed slightly higher as earnings reports from market heavyweights BHP Billiton and Commonwealth Bank helped the rise. At the close, the benchmark S&P/ASX200 index was 8.3 points higher, or 0.2 per cent, at 4513.4. The broader All Ordinaries index rose 12.3 points, or 0.3 per cent, to 4533. |
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Australian Market Report of November 24: Solid Gains in Overseas Markets
NOV 24, 2009 13:00 - Article Views: 5,852
US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero. |
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Australian Market Report of September 24: Federal Reserve Cautiously Optimistic
SEP 24, 2009 13:00 - Article Views: 8,319
US stocks fell overnight in a choppy trade as the Federal Reserve announcement showed that the central bank remained cautious to the economy outlook. The Federal Reserve acknowledged the economy is emerging from recession, but maintained its near-zero interest rate and trillion-plus dollar effort to support the fragile recovery. |
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Australian Market Report of September 8: Europe and Asia Boosted Gains
SEP 8, 2009 13:00 - Article Views: 9,708
US markets were closed for the Labour Day public holiday, while Europe and Asia markets posted strong gains on Monday. |
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Australian Market Report of August 25: Take a Breather after Rally
AUG 25, 2009 13:00 - Article Views: 9,488
US stocks ended flat overnight in light trade volumes as the market was awaiting the economic data this week. The Dow Jones Industrial Average edged higher to its highest close in more than nine months. |
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Australian Market Report of August 7: Concerns over US Jobs Data
AUG 7, 2009 13:00 - Article Views: 7,376
US stocks fell for a second day on Thursday as investors worried over the key employment figures, which are scheduled to release on Friday. Most economists expect the data will show the unemployment rate climbed to 9.6 per cent, from a 26-year high of 9.5 per cent in June. |
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Australian Market Report of July 9: Focus on Australian Job Data
JULY 9, 2009 13:00 - Article Views: 7,787
The Australian market yesterday closed flat as traders were cautious about the economic outlook. The benchmark S&P/ASX200 index rose one point, or 0.03 per cent, at 3767.9, while the broader All Ordinaries index declined 1.8 points, or 0.05 per cent, to 3766.0 points. Today investors' focus would be the unemployment rate released by ABS. |
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Australian Market Report of July 6: Interest Rate Likely on Hold
JULY 6, 2009 13:00 - Article Views: 8,283
On Friday Asian and European markets fell while Wall Street was closed for public Holiday. The Australian shares closed lower Friday as US shares tumbled on the unfavorable unemployment figures and commodities prices were also lower. The benchmark S&P/ASX200 index lost 49.1 points, or 1.27 per cent, to 3828.2 points, while the broader All Ordinaries index slumped 48.6 points, or 1.25 per cent, at 3826.6 points. The Reserve Bank of Australia Tuesday will announce its official interest rate after board meeting. |
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