MARKETS

Australian Market Wrap

Australian stocks gained more than one per cent on Monday, with market sentiment driven by growing expectations that the Reserve Bank of Australia (RBA) will leave interest rates unchanged at its monthly board meeting on Tuesday.

Australian Stock Market Report - Closing

The Australian share market rallied today, rising 1pct. However volumes were low due to a Bank holiday in NSW and the ACT. The All Ordinaries Index (XAO) gained 47pts to close at 4554.4 while the S&P/ASX 200 Index (XJO) was up 48.1pts or 1.1pct to 4541.6.
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Daily Forex Commentary 2/8/2010

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.

Commodities: July's Big Surge

Forget shares and doubt about the US, European and Chinese economies, commodity prices have completed a huge surge in ...

US Economy: Weak Growth.

We received more evidence Friday for the tentative belief that key major economies are slowing.American economic growth...

Don't Write Off Mac Bank Too Soon

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.

China July PMI Dips Below 50

As predicted by FNArena, the monthly HSBC/Markit PMI Survey for Chinese manufacturers dipped below 50 in July.

Lending rose in June, RBA reports

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.

Australian Stock Market Report - Midday

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.

Market lower as finance and oil sector weigh

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.

Why Wall Street Is So Volatile

Observers fear that there are reasons other than uncertainty which are making Wall Street stock markets a lot more volatile than they should be.

IG Markets Morning Prices

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%.

Australian Stock Market Report

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.

World Market Overview

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.

Daily Forex Commentary 30/7/2010

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.

Asia: Why Coal is Golden

Peabody Energy, the world's biggest listed coal group, has shown us just how profitable the Australian coal industry is ...

Assets, Home Prices, Super

Home prices and superannuation, are contenders for top of the chat charts around dining tables, water coolers and bbq's....

The Overnight Report: Stalemate

Neither the buyers or the sellers can gain the upper hand in this market as a rollercoaster ride ends with the Dow down 30.

Aussie shares set to drop

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.

China: No Crunch, Just A Sag?

A rebound seems to be underway in the Chinese sharemarket after the big fall this year.That's because, as the AMP's chie...

US Economy: Weak, Weaker...?

The US Federal Reserve meets early next month and already we know what we can expect from the meeting.No change on rates...

Going Getting Tougher For Austar

Increased competition is making attracting subscribers more difficult for Pay-TV group Austar, so brokers are trimming expectations for the stock.

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