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Australian Market Report of May 24, 2010: Eastern Star Gas (ASX:ESG) Signed MOU with Hitachi (TYO:6501)and Toyo Engineering (TYO:6330)

🕔5/24/2010 1:30:55 PM 13555

The Australian shares opened slightly higher today while bargain hunting Friday helped Wall Street snap the losing streak. Today both the S&P/ASX200 index and All Ordinaries index gained more than 0.8 per cent shortly after the market opened.

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Australian Market Report of February 23: Market in Positive Sentiment

🕔2/23/2010 9:30:34 AM 10889

Australian shares rallied on Monday with gains in resources stocks helped to lift the market. The better-than-expected corporate earnings also fueled the rise. At the close, the benchmark S&P/ASX200 index was 82.4 points, or 1.8 per cent higher, at 4717.5, while the broader All Ordinaries index rose 76.4 points, or 1.6 per cent, to 4732.7.

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Australian Market Report of November 26: Supported by Upbeat US Data

🕔11/26/2009 1:15:30 PM 12312

Overnight US stocks ended at a fresh 13-month high ahead of the Thanksgiving holiday, helped by a series of upbeat economic data. A report showed initial claims for US jobless insurance benefits plunged to their lowest levels since September last year. US incomes rose 0.2 per cent and consumer spending jumped 0.7 per cent in October. New home sales rose 6.2 per cent unexpectedly.

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Australian Market Report of September 21: Another Round of Optimism

🕔9/21/2009 1:00:09 PM 14545

Wall Street Friday climbed to a fresh 2009 high as analysts boosted their growth outlook for the US. The market was inspired after Barclay's Capital raised its forecast for the nation's GDP growth in first three months of next year to five per cent from three per cent. For the week, Dow index posted a gain of 215 points.

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Australian Market Report of September 1: Sell-off in China Dented Sentiment

🕔9/1/2009 1:00:57 PM 12165

Overnight Wall Street fell following a massive sell-off in Chinese shares, which plunged 6.7 per cent on Monday. The Shanghai Composite index has lost more than 20% of its value in one month.

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Australian Market Report of August 31: Upbeat Earnings and Outlooks

🕔8/31/2009 1:00:40 PM 12500

US stocks were lower Friday over consumer data. Commerce Department said that consumer spending rose mildly in July, while personal income was unchanged. The downbeat data of US consumer sentiment also weighed on the market.

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Australian Market Report of August 28: US Economy Shrank at A Slower Pace

🕔8/28/2009 1:00:31 PM 15281

Wall Street closed with an eighth consecutive gain on Thursday, as a series of financial firms rose and energy stocks rallied on the rebound of crude oil prices. The US government figure for GDP showed that the US economy shrank at a 1 per cent annual pace in the second quarter, better than analysts' forecast of 1.5 per cent decline.

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Australian Market Report of July 3: Surprised by US Unemployment Data

🕔7/3/2009 1:00:18 PM 15825

Yesterday the Australian market posted a marginal rise as investors were cautious ahead of US jobs data in June. The benchmark S&P/ASX200 index was 3.3 points, or 0.09 per cent higher, at 3877.3 points, while the broader All Ordinaries index gained 2.9 points, or 0.07 per cent, to 3875.2 points.

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Australian Market Report of June 29: Caution Ahead of Reporting Season

🕔6/29/2009 1:00:35 PM 12053

The Australian share market closed firmer on Friday led by financial stocks. The benchmark S&P/ASX200 index was up 47.8 points, or 1.24 per cent, to 3903.8 points, while the broader All Ordinaries index advanced 48 points, or 1.25 per cent, to 3899.5 points. Trading volume is expected to remain at a low level before the reporting season.

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Australian Market Report of June 11: Concern on Rising Oil Prices

🕔6/11/2009 1:00:20 PM 11985

The Australian shares Wednesday posted a strong gain boosted by miners and banks. The upbeat data on consumer confidence and housing finance also helped to lift the local market. The benchmark S&P/ASX200 index rose 89.5 points, or 2.27 per cent, to 4024.4, and the broader All Ordinaries index surged 82.7 points, or 2.1 per cent, at 4016.3.

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