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Australian Market Report of November 9: Market Shrugged Off Disappointing US Jobs Data

🕔11/9/2009 1:00:03 PM 13926

Wall Street posted a small gain on Friday despite the Labour Department report showed the US unemployment rate broke above 10 per cent in October, up from 9.8 per cent in September. But the number of jobs lost narrowed to the lowest level in more than a year.

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Australian Market Report of August 24: US Home Sales Boosted Confidence

🕔8/24/2009 1:00:37 PM 16663

Wall Street posted a fourth day on Friday rise as the US existing home sales data gave investors more confidence that it is the end of the recession. For the week The Dow Jones Industrial Average gained almost 2 per cent, while the Standard & Poor's 500 index added 2.2%.

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Australian Market Report of February 16: Not About A Quick Recovery

🕔2/16/2009 1:00:41 PM 17119

Last Friday Australian shares ended higher, capping a winning week after reports that the US government was working on a program to help troubled US home owners. The benchmark S&P/ASX200 rose 44.8 points, or 1.27 per cent, at 3,559.1, while the broader All Ordinaries gained 38.2 points, or 1.1 per cent to 3,496.7. The Obama administration's seeking to lower expectations of a quick fix to the financial crisis and the coming earnings reports may send the market to a negative territory.

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Australian Market Report of December 12: Uncertainty over US Carmakers Rescue

🕔12/12/2008 1:00:10 PM 11694

Yesterday the Australian shares ended lower as traders looked to make short-term gains, despite a positive start in the morning. The benchmark S&P/ASX200 share index yesterday lost 1.2%, or 42.7 points, to 3598, while the All Ordinaries index shed 1.1%, or 39.1 points, to 3534.2. But today resource stocks may gain after commodity prices advanced.

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Australian Market Report of November 14: Uncertain Outlook Despite Wall St Bounce

🕔11/14/2008 1:00:08 PM 9713

Yesterday, Australian shares slumped to their lowest close since October 8, 2004. The benchmark S&P/ASX200 share index plummeted 5.9% to 3697.3. The broader All Ordinaries index fell 211.2 points, or 5.44 per cent, to 3,672.4, its weakest close since October 1, 2004. Analysts said although local stocks may rebound after rise in US stocks and oil price, markets worldwide still have a significant unsettling economic outlook.

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    Principal Sector
  • International Trade 
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  • Media & Advertising 
  • Listed
  • 2001/05/05 

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