St.George Bank reports strong full-year result
St.George Bank, part of the Westpac Group (ASX:WBC) and one of Australia's leading retail and business banking brands, says it completed the 2010 financial year in a good position, with an increased lead over the major banks in customer advocacy and continued targeted investment in its front-line business.
Australian Stock Market Report - Midday
Local stocks are trading in positive territory at lunchtime, as investors digest an impressive cash profit from one of our big banks and await an expected cash stimulus from the US Federal Reserve.
CBA nets $1B on margin increases -Mozo
The Commonwealth Bank of Australia (ASX:CBA), the country's biggest lender, stands to make an astonishing $1 billion in extra annual interest revenue by lifting its home loan margins over the last two years, according to data crunched by banking comparison website Mozo.com.au.
Australia's services sector rebounds to positive territory in October
Australia's services industry lifted in October for the first time in six months as measures of sales, new orders and wages advanced, a private survey revealed.
Australian Dollar Outlook 03/11/2010
The Australian Dollar reached a post float 28- year high overnight, pushing above parity with the US dollar for the second time in a month.
Daily forex forecast - 03/11/2010
The Australian Dollar hit parity against the greenback overnight surging briefly to a high around the 1.0020 area.
World Market Overview
U.S. stocks rose broadly Tuesday as investors awaited the results of U.S. midterm elections seen ushering in more Republicans and a two day Federal Reserve meeting expected to yield more economic stimulus.
Australian Stock Market Report - Morning
The US residential rental vacancy rate eased from 10.6pct to 10.3pct in the September quarter.
Australian bourse ends higher as rate hike buoys banks
Stronger bank stocks led the Australian share market higher after the central bank defied expectations by lifting interest rates.
Australian Stock Market Report - Closing
The Australian share market ended flat today as investors digested a shock interest rate hike from the Reserve Bank and awaited key US elections and the start of the two day Federal Reserve meeting.
Australian Stock Market Report - Midday
Investors appear to be sitting on the sidelines in early trade, ahead of the Reserve Bank rate decision later this afternoon and the start of the two day US Federal Reserve meeting, where it's expected the Central Bank will inject a large amount of stimulus into the economy.
Australian Dollar Outlook 02/11/2010
The AUD has opened slightly lower this morning, after rallying towards USD0.9900 overnight.
World Market Overview
U.S. stocks slipped in late trading Monday as jitters ahead of U.S. midterm elections and expected moves from the Federal Reserve prompted traders to duck out of a market whose long climb is now raising some eyebrows.
Daily forex forecast - 02/11/2010
Speculation on Monday the Bank of Japan intervened in currency markets sent the Aussie down to an intraday low of 0.9810 as the greenback strengthened against the Yen.
Australian Stock Market Report - Morning
The US ISM manufacturing index hit a five-month high in October, rising from 54.4 to 56.9.
Banks, miners propel Australian bourse
Stronger bank and mining stocks saw Australian shares post surprising gains on Monday ahead of Tuesday's interest rate decision and a crucial mid-week meeting of the US Federal Reserve.
Australian Stock Market Report - Closing
The Australian share market rallied today, with investor sentiment boosted ahead of an expected injection of stimulus by the US Federal Reserve.
RBA likely to keep current rates as house prices cool
Australia's house prices recorded their smallest quarterly rise since early 2009, reinforcing speculations the Reserve Bank of Australia will keep interest rates on hold this week.
Australian Stock Market Report - Midday
Australian stocks have started the trading week on a high, after the Dow Jones Index posted its best October in four years.
Ten offers Packer, Murdoch directorships
Ten Network Holdings Limited (ASX: TEN) says it notes recent media speculation about discussions between it and Mr James Packer and Mr Lachlan Murdoch following the announcement of CPH's acquisition of approximately 18 per cent of the issued capital of Ten Holdings.
Manufacturing shrinks in Oct on strong A$, sluggish domestic demand
Manufacturing activity still contracted albeit at a slower pace in October, amid persistent pressure from a strong Australian currency and sluggish domestic demand, a survey has found.
Australian Dollar Outlook 01/11/2010
The AUD has started the week in the mid 0.9800's as the USD weakened on Friday night after the release of the Q3 GDP figure of 2%, which was in line with expectations.
World Market Overview
U.S. blue chip stocks edged higher Friday while the Standard & Poor's 500 index fell slightly in a quiet end to a strong October as investors bided their time before the coming week's Federal Reserve meeting and midterm elections.
Australian Stock Market Report - Morning
The US economy grew at a 2.0pct annual pace in the September quarter, in line with market expectations. Encouragingly consumer spending grew at a 2.6pct annual pace.
CBA: Exporters, importers working on assumptions A$ will stay above parity in 2011
Australian exporters and importers foresee the local unit to hold above parity with the greenback for most of the first quarter of next year, a report says.
Australian bourse slips as investors get cautious
The Australian share market closed lower on Friday as a slew of upcoming offshore events led to renewed caution among investors.
Australian Stock Market Report - Midday
The Australian share market is trading slightly lower after a mixed session in Wall Street.
Credit demand still soft, up by only 0.1% -RBA
New financial aggregates data from the Reserve Bank of Australia show that credit demand remains soft.
New home sales slide in Sept qtr -survey
Private sector home building is set to slump following a large reduction in new home sales over recent months, a survey of Australia's major residential builders, shows.
Gunns downgrades guidance, shares slip on profit warning
Integrated forestry company Gunns Ltd (ASX: GNS) today downgraded its full-year earnings guidance.
