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Australian Market Report of July 30, 2010

🕔7/30/2010 1:30:30 PM 11893

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 December 24: Weak Trade before Holiday

🕔12/24/2009 9:30:38 AM 12172

The Australian shares Wednesday were broadly higher in the last full trading day before Christmas holiday. The market rose in a light trade after the US market gained on the upbeat home sales data. At the close, the benchmark S&P/ASX200 index rose 35.1 points, or 0.7 per cent, at 4739.3, while the broader All Ordinaries advanced 31.7 points, or 0.7 per cent, to 4756.1.

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Australian Market Report of December 9: Banks Fell on Outlook for Rates

🕔12/9/2009 9:30:39 AM 15807

The Australian sharemarket closed marginally lower in light trading yesterday as banks were down on concerns that bad debts could increase after interest rate rise. The benchmark S&P/ASX 200 index gave up 5.9 points, or 0.13 per cent, at 4670.60, while the broader All Ordinaries lost 0.19 per cent to 4686.40 points.

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Australian Market Report of November 18: Boosted by Rise in Commodities Prices

🕔11/18/2009 1:00:23 PM 12159

Wall Street closed slightly higher overnight on a round of buying in energy and materials companies. But more stocks fell than rose as retailers such as Target and Home Depot's disappointing holiday spending outlooks raised concerns over the strength of recovery.

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Australian Market Report of September 25: Fragile Recovery Worries Investors

🕔9/25/2009 1:00:30 PM 14090

Overnight Wall Street was lower for a second consecutive session on a weak home sales report. The National Association of Realtors said sales of existing homes fell 2.7 per cent in August to an annual rate of 5.10 million units, breaking a string of four increases in six months. The surprise drop in home sales raised more concerns over the economy recovery strength.

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Australian Market Report of September 23: Wall Street Fresh High

🕔9/23/2009 1:00:11 PM 14634

After a modest setback on Monday, US shares climbed overnight to a fresh high as investors returned to the market on upbeat outlook on the economy. Meanwhile, positive company earnings reports also helped to lift the market sentiment.

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Australian Market Report of July 23: Time to Lock in Profits

🕔7/23/2009 1:00:02 PM 19041

Wall Street finished mixed overnight. Dow and S&P 500 indices ended their rising streak while Nasdaq posted its 11th straight rise led by Apple and Yahoo. Investors started to lock in their profits from a series of rallies driven by earnings reports.

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Australian Market Report of July 21: More Upbeat Financial Results

🕔7/21/2009 1:00:51 PM 15252

The Australian market closed firmer yesterday on stronger commodities prices and good leads from overseas markets. The benchmark S&P/ASX 200 index rose 49.5 points, or 1.24 per cent, at 4050.3 points, while the broader All Ordinaries index gained 51.3 points, or 1.28 per cent, to 4044.2 points.

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Australian Market Report of June 5: Resources Shares Received Mixed Leads

🕔6/5/2009 1:00:02 PM 16823

The Australian share market closed lower. The benchmark S&P/ASX200 index was down 82.6 points, or 2.06 per cent, at 3934.6, while the broader All Ordinaries index fell 76.8 points, or 1.92 per cent, to 3932.5. Resources stocks will benefit from the rise in commodities prices, but could be weighed down by the failure of investment deal between Rio Tinto and Chinese government backed Chinalco.

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Australian Market Report of May 20: Ignoring Weak Lead From The US

🕔5/20/2009 1:00:12 PM 16855

The Australian share market yesterday ended stronger despite the negative lead from Wall Street. The benchmark S&P/ASX200 was up 81.7 points, or 2.2 per cent, at 3817.3, while the broader All Ordinaries gained 79.0 points, or 2.1 per cent, to 3800.6. Today the local market could be buoyed by the rising commodities prices.

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