The Australian market looks set to test the 4500 level after a relatively flat read from Wall Street.
Greenback weakness across the board has helped put the Australian Dollar back over US90 cents during offshore trade on Friday and we open in Sydney this morning at 0.9050.
Telstra shares will come under pressure today after the Telco pushed out a surprise profit downgrade on Friday.The news...
Sharemarkets had a very good month in July, but compared to the recoveries seen in commodities, equities were more modes...
Forget shares and doubt about the US, European and Chinese economies, commodity prices have completed a huge surge in ...
We received more evidence Friday for the tentative belief that key major economies are slowing.American economic growth...
All interest this week will be offshore, now that the good inflation figures have ruled out a rate rise from the Reserv...
The Australian share market is set to begin the week slightly higher on the back of a flat lead from Wall Street.
With clients reducing their maintenance work brokers are now questioning the outlook for painting contractor Programmed Maintenance.
While trading conditions for the Macquarie Group appear worse than assumed, brokers are looking to longer term apparent value to rate Australia's only investment bank.
As predicted by FNArena, the monthly HSBC/Markit PMI Survey for Chinese manufacturers dipped below 50 in July.
Chevron Corporation said on Friday that its second quarter earnings saw three-fold increases as the company pointed to improved refining margins and solid market prices for both oil and natural gas as major contributors to the impressive performances.
The Australian market trades cautiously ahead of tonight's GDP print in the US.
Total credit provided to the private sector by financial intermediaries rose by 0.2 per cent over June 2010, following an increase of 0.5 percent over May, the Reserve Bank of Australia said in a statement.
It looks likely that the Australian share market will finish weaker for the second straight day with the S&P/ASX 200 index off by 0.6pct or 25.5pts to 4498.6.
With Australia's largest investment bank, Macquarie Group, announcing profit warning for some sections of its business, the local market opened lower and stayed on the red for most of the morning trade. The pull from the oil and gas sector also proved a weight on the market today.
Observers fear that there are reasons other than uncertainty which are making Wall Street stock markets a lot more volatile than they should be.
US stocks fell for a third day as investors were left disappointed after poor earnings from technology and consumer-related companies. Whilst there was quite choppy trade the S&P 500 fell 0.4% to 1101, whilst the Dow Jones Industrial average closed down 30 points or 0.3%.
US jobless claims fell by 11,000 to 457,000 in the latest week - broadly in line with economist forecasts. The four-week average level of claims also fell from 457,000 to 452,500. The Kansas City production index rose from +3 to +14 in July.
U.S. stocks finished lower Thursday for a second consecutive day, as disappointing revenue from utilities and consumer companies pushed aside a handful of strong earnings reports Thursday, though the market remained on track to close out the best month since July 2009.
The Aussie dollar staged a remarkable recovery over the last 24 hours rallying from a post inflation report low of 0.8904 to trade at a high of 0.9040 overnight.
The Australian Dollar has opened around USD0.9000 this morning after trending higher in the early part of the European session.
Peabody Energy, the world's biggest listed coal group, has shown us just how profitable the Australian coal industry is ...
Home prices and superannuation, are contenders for top of the chat charts around dining tables, water coolers and bbq's....
Neither the buyers or the sellers can gain the upper hand in this market as a rollercoaster ride ends with the Dow down 30.
The Australian share market is likely to start weaker this morning after a fall on Wall Street overnight, although resource and energy stocks may gain after the price of metals and oil increased.
A rebound seems to be underway in the Chinese sharemarket after the big fall this year.That's because, as the AMP's chie...
Suddenly Australia is a one off in the booming Asian region, instead of being ahead of the pack.After rate rises startin...
The US Federal Reserve meets early next month and already we know what we can expect from the meeting.No change on rates...
Increased competition is making attracting subscribers more difficult for Pay-TV group Austar, so brokers are trimming expectations for the stock.