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Australian Market Report of January 19: Upbeat Mood on Banks

🕔1/19/2010 9:30:25 AM 14725

The Australian share market shrugged off the concerns over US investment bank JPMorgan and closed slightly higher on Monday. Australian banks rose as the upbeat mood continued in this session after Commonwealth Bank's profit upgrade on Friday. The benchmark S&P/ASX200 index advanced 11.5 points, or 0.23 per cent, to 4,911.1 points, while the broader All Ordinaries index gained 6.6 points, or 0.13 per cent, to 4,936.1 points.

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Australian Market Report of January 8: Profit-taking Selling

🕔1/8/2010 9:30:23 AM 13078

The Australian shares closed lower on Thursday despite mining shares were stronger on expectations of higher iron ore prices. The fall was largely due to weakness in financial stocks. The market saw some profit-taking selling in miners in the afternoon. At the close, the benchmark S&P/ASX 200 index fell 22.0 points, or 0.45 per cent, to 4899.4 points, while the broader All Ordinaries index lost 16.3 points, or 0.33 per cent, to 4930.5 points.

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Australian Market Report of December 4: Flat Leads from Overseas

🕔12/4/2009 1:00:56 PM 18141

US shares fell on Thursday as the services sector index declined unexpectedly in November. The contraction also hurt sentiment ahead of the release of unemployment figure.

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Australian Market Report of November 11: Sentiment Remained Strong

🕔11/11/2009 1:00:28 PM 20458

Wall Street closed mixed overnight as investors took profits after a massive gain in previous session. US shares mostly fell earlier in the day, but rebounded towards the close. Analysts said that market sentiment remained bullish.

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Australian Market Report of October 19: US Deficit Hits Record High

🕔10/19/2009 1:30:19 PM 21470

The Dow index gave up last week's success and slipped back slightly over the weekend. US and European stock markets closed lower on Friday after the latest US corporate results disappointed high hopes and pushed Wall Street back down through the key 10,000 points level.

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Australian Market Report of October 15: Dow Index Broke 10000 Points

🕔10/15/2009 1:00:52 PM 15842

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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VIDEO: Australian Market Report of October 9: Upbeat US Job Data and Consumer Spending

🕔10/9/2009 1:00:58 PM 18815

Overnight the US stocks closed higher on the positive Alcoa earnings and better-than-expected weekly jobless claims and consumer spending. Investors were also encouraged by the US retailers' first same-store sales gains in more than a year.

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Australian Market Report October 6: Awaiting RBA Interest Rate Decision

🕔10/6/2009 1:00:07 PM 23942

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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Australian Market Report of August 21: Flat Trade Likely to Continue

🕔8/21/2009 1:00:41 PM 17548

Wall Street made a third consecutive day gain overnight as some latest economic data shows that the recession is bottoming out. Financials were also buoyed after Insurance giant American International Group said it expects to repay the government.

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Australian Market Report of June 19: Supported by US Upbeat Data

🕔6/19/2009 1:00:57 PM 15750

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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Company Data

    Principal Sector
  • Materials 
  • Principal Industry
  • Mining & Metals 
  • Listed
  • 2004/04/16