Investment Banking

Australian Market Report of November 19: Fall Before Short-Selling Ban Ends

🕔11/19/2008 1:00:41 PM

Yesterday the Australian share market closed 3.5 per cent down at fresh four-year lows, largely dragged down by banks and miners, wiping A$34 billion from the value of the market. The benchmark S&P/ASX200 index was 129.8 points, or 3.55 per cent lower at 3523.2, while the broader All Ordinaries lost 126.4 points, or 3.47 per cent, to 3513.1 led down by resource and banking stocks. Analysts said the market fell more than expected as it was closing to the end of short-selling ban.

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Australian Market Report of November 18: More Softened Results Expected

🕔11/18/2008 1:00:07 PM

On Monday, the Australian share market fell to a four-year low as investors remained concerned about the continuing gloomy economic outlook. The big miners and the banks led the market lower, and all sectors were down. The benchmark S&P/ASX200 index was down 95.1 points, or 2.54 per cent, at 3,653, while the broader All Ordinaries index lost 86.5 points, or 2.32 per cent, to 3639.5. Analysts said the market was oversold on fundamentals, but more softened half-year results would be expected in recent days.

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Australian Market Report of November 17: Close to the Bottom

🕔11/17/2008 1:00:06 PM

Wall Street slumped on Friday with hedge fund selling in advance of a Saturday deadline. On Friday, the Australian sharemarket reversed its sharp losses of mid week to close up over one per cent following a strong US lead and higher base metals prices. As the G-20 leaders failed to come up with specific stimulus action after their weekend meeting in Washington, analysts expect the market volatility to continue but it would be getting close to the bottom.

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Australian Market Report of November 5: Positive Lead from US Election

🕔11/5/2008 1:00:00 PM

The Australia share market closed marginally weaker after a 75 basis point interest rate cut by the RBA boosted the bourse back from earlier sharply lower levels. The deep cut mirrors RBA's worry about the domestic and global economic outlook. Analysts said the Australia market may have hit the bottom last week at about 3600 points, and the Democratic win in the US election will also give a positive lead to the Australia market.

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Australia Market Report of September 26: Waiting for US Bailout to Finalize

🕔9/26/2008 12:38:25 PM

US political leaders have struck an agreement in principle on a $US700 billion bailout plan to revive the troubled financial system. It is hoped both houses of US congress will vote on the plan within days. Wall Street and European markets have reacted positively to the news, with major indices recording gains of around two per cent.

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Axiss Australia Announces Publication of "Private Banking in Australia 2007"

🕔7/4/2007 1:40:48 AM

Axiss Australia has announced the publication on Private Banking in Australia 2007. The publication provides an insight into the strength of Australia's private banking sector and highlights the positive trends emerging in wealth creation.

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