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Australian Market Report of July 5, 2010

🕔7/5/2010 9:30:19 AM 12576

A boost in resources stocks on Friday helped to break the eight-day losing streak in Australian stocks market. The local market finished marginally higher at the close, despite the proposed new minerals resources rent tax sparked a strong gain in early trade. This is largely due to Investors' refocuse on global economy issues.

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Australian Market Report of October 14: Profit-taking Ahead of US Corporate Earnings

🕔10/14/2009 1:00:09 PM 15463

US stocks closed mixed overnight as investors took profit ahead of the wave of corporate earnings offset the news of an acquisition in technology sector. Dow index ended slightly lower while the tech-heavy Nasdaq composite was up on Cisco's deal to purchase Starent Networks.

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Australian Market Report of August 12: Renewed Concerns over US Economy

🕔8/12/2009 1:00:33 PM 15088

US stocks fell overnight ahead of the Federal Reserve's latest decision on monetary policy and guidance on the outlook for recovery from the recession. The market was also weighed down by the worries that the banking sector has yet to fundamentally improve.

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Australian Market Report of July 1: Confidence Declined Unexpectedly

🕔7/1/2009 1:00:30 PM 13911

Yesterday the Australian market concluded the last day of the financial year higher, led by energy and retail sectors. The benchmark S&P/ASX200 index gained 68 points, or 1.75 per cent, to 3954.9 points, while the broader All Ordinaries index was up 65.1 points, or 1.68 per cent, to 3947.8 points. The ASX200 has posted four consecutive months of gains.

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Australian Market Report of June 12: Resources Stocks Boosted

🕔6/12/2009 1:00:25 PM 15329

The Australian share market yesterday closed at a fresh seven-month high as resource stocks posted strong gains amid renewed attention to the proposed tie-up between Rio Tinto and BHP. The benchmark S&P/ASX200 index was up 22.8 points, or 0.57 per cent, to 4047.2, while the broader All Ordinaries index advanced 30.4 points, or 0.76 per cent, to 4046.7.

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