MARKETS

IG Markets Morning Prices

The Australian market looks set to follow the US lead today with the ASX 200 called to test 4500 on open.
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AGL Energy diverts $300m debts

AGL Energy has announced that it has successfully diverted some of its debts to the American market as a part of its scheme to make the firm’s debt maturity longer and to diversify its sources of financing.

More Bad News For Alternative Energy

In a case of deja vu for Australians, the US Democrats have decided to shelve their ETS plans ahead of the mid-term elections given lack of Republican support.

World Market Overview

U.S. stocks climbed broadly Thursday following strong earnings from Caterpillar, 3M and United Parcel Service, while better than expected data on U.S. existing home sales and euro zone economic activity also provided a boost.

Woolies Ex-Growth

Another bad day for Woolworths' shares yesterday.While the market was mixed in reaction to poor leads from offshore, Woo...

Daily Forex Commentary 23/7/2010

After looking vulnerable to more downside in Asia yesterday the Aussie dollar found intraday support at 0.8735 going on to reverse its trajectory and rally during the European time-zone to retest what had been strong resistance around 0.8750.

Production: Newcrest, Santos

As the merger with Lihir Gold inches closer, Newcrest Mining yesterday reported a solid end to the 2010 financial year a...

Australian dollar opens higher

The Australian currency opened nearly two US cents stronger, bolstered by positive investor sentiment following comments from the central bank and the US Federal Reserve earlier in the week.

Australian stocks to open stronger

The Australian share market is forecast to open higher, after a positive end on Wall Street and stronger commodities prices during the offshore session.

World Steel Rebound Cooling

Slowly, the recovery in global steel is fading as the momentum goes out of the restocking boom, car sales peak in some c...

Australian Dollar Outlook 22/7/2010

The AUD has opened back below USD0.8800 this morning after financial markets retreated on Federal Reserve Chairman Ben Bernanke's comments before a US Senate Banking Committee.

IG Markets Morning Prices

On Wall St, early gains after strong results from Apple and Morgan Stanley were quickly erased once Fed Chairman Ben Bernanke began his speech.

Australian Stock Market Report

The US Federal Reserve chairman, Ben Bernanke, delivered semi-annual testimony on the economy, saying that the outlook for the economy was ´´unusually uncertain.´

World Market Overview

Stocks dropped broadly Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank is not prepared to consider further stimulus in the near term despite what he called an unusually uncertain outlook.

Daily Forex Commentary 22/7/2010

The Australian Dollar opens lower against the greenback at 0.8780. The Aussie was supported around US88 cents during local trade yesterday by further talk of a rise in the official cash rate.

Mining: BHP Cautious

BHP Billiton may be 'cautious' about the outlook for global growth and demand for its many commodities, but it is at lea...

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