Australian Dollar Outlook 20/8/2010
The Australian Dollar has opened lower this morning, falling back through USD0.8950 overnight following some disappointing US data releases.
Australian stocks to follow offshore slumps
The Australian stock market is set to go down today after receiving strongly negative leads from offshore trading overnight, with heavy falls on Wall Street, oil falling below $US75, and metals generally lower. Only gold futures rose.
Australian Stock Market Report
US Philadelphia Fed business activity index fell from +5.1 to minus 7.7 in August - marking the weakest reading in 13 months. The sub-indices also highlighted significant weakness. Employment, new orders and shipments all posted negative readings.
World Market Overview
Intel and General Electric both weighed heavily on the Dow Jones Industrial Average Thursday as U.S. stocks skidded broadly.
More news
Wesfarmers reveals profit gains despite losses in resources divisions
Diverse company Wesfarmers Ltd (ASX: WES) revealed on Thursday that the company gained a 2.8 percent improvement on its 2010 full-year profit, pushing further the Australian conglomerate’s businesses to promising heights for the second half of the year.
Australian Stock Market Report - Midday
Once again the Australian share market is trading flat, as weakness in blue-chip stocks offsets positive earnings results. The All Ordinaries Index (XAO) is down 2.6pts to 4501.3 at lunchtime in the east.
Faulty power-steering leads to massive Mazda recall in North America
Japanese carmaker Mazda Motor Corp announced on Wednesday that a total of 315,000 Mazda3s and Mazda5s would be recalled in North America to fix the cars’ faulty power-steering system, which the company said could heighten the possibility of crashes.
Australian Stock Market Report
US mortgage applications rose sharply last week, lifting 13.0pct in response to strong refinancing demand. The refinancing index soared by 17.1pct to 15-month highs although the purchase index actually fell by 3.4pct.
World Market Overview
Retailers led U.S. stocks slightly higher Wednesday as better than expected earnings from Target lifted fellow department store chains Kohl's and J.C. Penney.
Daily Forex Commentary 19/8/2010
The Australian Dollar opens lower today against the greenback at 0.8980.
Australian Dollar Outlook 19/8/2010
The Australian Dollar is steady after a relatively quiet night on the economic data front gave the markets little to draw on as far as the state of the economic recovery in the US and Europe is concerned.
Westfield nets close to $1 billion in first half of 2010
Retail property specialist Westfield Group (ASX: WDC) said on Wednesday that it has climbed back to profit status, managing to collect $961 million in net profit from the first six months leading to end of June this year.
Australia Exports Stable in Top 2 Economies
Australian exports have a stable market in the top three economies of the world. China, for one, moves on to overtake Japan as the second largest economy, next to the United States.
Australian Dollar Outlook 17/8/2010
The AUD has opened stronger this morning gaining overnight with news that China will take over Japan's place as the world's second largest economy.
Australian Stock Market Report
US NAHB housing market index fell 1pt to 13 in August - marking the third straight month of falls and a 17-month low. A reading below 50 indicates that more builders view conditions as poor rather than good.
World Market Overview
U.S. stocks bounced around in jumpy trading Monday, as major manufacturers including 3M lagged but technology companies Cisco and Intel jumped thanks to buzz generated by new deals activity.
Daily Forex Commentary 17/8/2010
Poor growth data released in Japan yesterday was enough for investors to once again eschew riskier assets which saw the Australian Dollar dip towards 0.8860 early in the Asian session.
Aussie higher as China strengthens
The Australian currency opened in a better position today, thanks to news its primary trading partner, China, has overtaken Japan as the world's second-largest economy.
Stocks start flat as global trade lags
The Australian share market opened flat following mixed leads from offshore trade overnight.
Global Economy: Japan's Surprisingly Sharp Slump
Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...
Global Economy: Japan's Surprisingly Sharp Slump
Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...
Global Economy: Japan's Surprisingly Sharp Slump
Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...
Profits: Leighton Record, Lend Lease Higher
Construction giant Leighton Holdings yesterday reported a 39% rise in annual profit and higher dividend, as it attempted...
Profits' BlueScope Up, Newcrest Earnings Soar
Steel producer Bluescope Steel returned to the black in the 2010 year, earning a net profit of $126 million.The company...
Deals: Sigma's $900 million Separation, AWB's Rich New Offer
Bid off, deal done, Sigma Pharmaceuticals survives to live another day.That's the bottom line from yesterday's news tha...
Corporates: Virgin Pulls Out Of NZ, Funtastic Improves, Gunns Confirms Downturn
Virgin Blue is abandoning New Zealand after millions of dollars of losses in the three years of flying domestically ac...
IG Markets afternoon report
The Australian market closes down 21 points
Shareholder confidence renascent despite election, global uncertainties
Investor confidence in Australian shares has increased by 4.9 per cent in March despite the ongoing federal election campaign and mounting international concerns about a slowdown in global economic growth, according to data released today.
ILO report warns spectre of lost generation of jobless youth, urges world governments to sustain stimulus programs
The global economic crisis has spawned a ‘lost generation’ of unemployed youth, which according to the International Labour Organisation (ILO) would be hard up to recover following the two years of worldwide recession.
Heavyweight banks drag down Australian bourse
The Australian share market was down in intra-day trading by midday, but bounced off its lows of the session, buoyed by earnings results.
Local market lower on weak overseas lead
The local market opened lower today following a weak lead from overseas on the weekend.
Oil Prices Tipped To Increase Despite Weaker Chinese Demand
Chinese apparent oil demand weakened in July and may decline further in coming months but analysts still see further price gains as the uptrend in global oil consumption remains intact.
Australian Stock Market Report - Midday
The Australian share market has started the trading week in the red, as losses from the banks and miners weigh on overall sentiment. The All Ordinaries Index (XAO) is down 25.4pts or 0.6pct to 4455.5 at lunchtime in the East.
Australian Dollar Outlook 16/8/2010
The Australian Dollar has opened weaker this morning trading around the 0.8950 level after a fairly quiet US session on Friday night in which US data releases were not that bad in relation to consensus.
Pages
- MOST READ IN Markets
- 1
- 2
- 3
- 4
- 5
