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Australian Market Report of July 15: Upbeat Earnings Boosted Confidence

🕔7/15/2009 1:00:51 PM 13347

Australian stocks surged massively yesterday following a rally on Wall Street. The benchmark S&P/ASX200 jumped 129.6 points, or 3.5 per cent, at 3867.1, while the broader All Ordinaries rose 120.8 points, or 3.2 per cent, to 3858.8 points. The gains in overseas markets are likely to continue bolstering the Australian shares as the US earnings reports released in the first week restored some market confidence.

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Australian Market Report of July 14: Bolstered by Wall Street Rally

🕔7/14/2009 1:00:12 PM 16034

Yesterday the Australian shares closed lower. The benchmark S&P/ASX200 index fell 56.6 points, or 1.5 per cent, at 3737.5 points, while the broader All Ordinaries index fell 52.6 points, or 1.1 per cent, to 3738 points. Analysts expect the market remained quiet until investors the corporate earnings bolster their confidence.

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Australian Market Report of July 10: More Attention to Earnings Forecasts

🕔7/10/2009 1:00:54 PM 12636

The Australian shares closed flat Thursday as the market was awaiting more US corporate financial results. The benchmark S&P/ASX200 index fell 4.6 points, or 0.1 per cent, at 3763.3 points, while the broader All Ordinaries index also lost 4.6 points, or 0.1 per cent, to 3761.4 points. The market sentiment was buoyed by the better-than-expected jobs data released yesterday.

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Australian Market Report of July 9: Focus on Australian Job Data

🕔7/9/2009 1:00:14 PM 13910

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 April 7: Awaiting RBA Interest Rate Decision

🕔4/7/2009 1:00:49 PM 14149

Australian shares closed higher yesterday with rises in most sectors despite resources stocks dragged the market down. The benchmark S&P/ASX200 gained 0.6%, or 21 points, at 3756.6, while the All Ordinaries index was up 0.6%, or 22.4 points, at 3696.4. Banking stocks were stronger ahead of the Reserve Bank of Australia's interest rate decision.

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Australian Market Report of March 25: Buying Spree Ends

🕔3/25/2009 1:00:58 PM 17726

Yesterday the Australian shares ended modestly higher despite a strong lead overseas. The market in late trading gave up some of its early gains as investors started to pocket their profits in recent rallies. The benchmark S&P/ASX200 index was up 0.8%, or 29.7 points, at 3580, while the broader All Ordinaries index rose 1%, or 34.2 points, at 3517.3. Today resource stocks may decline after metals prices fell.

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Australian Market Report of February 26: Aussie Shares at Five-year Low Point

🕔2/26/2009 1:00:22 PM 19073

Australian share closed at their five-year low point. The benchmark S&P/ASX200 was down 0.1%, or 4.1 points, at 3327.5, while the broader All Ordinaries index also fell 0.1%, or 3.5 points, at 3281.5.

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Australian Market Report of February 25: Resilient to Bad Leads

🕔2/25/2009 1:00:13 PM 15912

Yesterday the Australian shares were showing their resilience to the bad leads from overseas. The market ended with a modest drop after a rebound from the early losses. The benchmark S&P/ASX 200 ended down 0.6%, or 19.6 points, at 3331.6, while the broader All Ordinaries index also fell 0.6%, or 19.1 points, to 3285.

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Australian Market of December 1: Investors Aware of Weak Outlook

🕔12/1/2008 1:00:32 PM 10334

On Friday, the Australian share market benchmark S&P/ASX200 index closd 154.5 points, or 4.3% higher, to 3742.5, while the broader All Ordinaries jumped 144.5 points, or 4.1%, to 3,672.7. The market experienced a best week for the two indexes since the recent two months, delivering weekly gains of 9.5% and 8.4%, respectively. However, the weak economic data and profit outlook would send the local market lower despite the strong lead from overseas markets. The news about RBA's expected aggressive rate cut will dominate the market this week.

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Australian Market Report of November 11: Stimulant Effect Passed

🕔11/11/2008 1:00:12 PM 9058

Yesterday the Australia share market was buoyed on hope that China's economic stimulus plan would increase demand for resources. Mining and energy sectors rose on the news. The benchmark S&P/ASX200 index gained 56.5 points, or 1.4%, at 4,107.8 while the broader All Ordinaries index had advanced 53.4 points, or 1.3%, to 4,060.

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