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Australian Market Report of February 15: Clawed Out a Weekly Gain

🕔2/15/2010 11:31:08 AM 15494

The Australian sharemarket eased some early gains and closed slightly higher on Friday. This was the first weekly gain in five weeks while the global markets had been shadowed by China's monetary tightening, worries on US economic recovery stability and sovereign debt issue in Euro zone.

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Australian Market Report of September 23: Wall Street Fresh High

🕔9/23/2009 1:00:11 PM 18181

After a modest setback on Monday, US shares climbed overnight to a fresh high as investors returned to the market on upbeat outlook on the economy. Meanwhile, positive company earnings reports also helped to lift the market sentiment.

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Australian Market Report of July 31: To Extend Solid Gains

🕔7/31/2009 1:00:59 PM 20237

US stocks broadly surged on Thursday fueled by the better-than-expected earnings reports. The market's rally pushed the major indexes to their highest closes of the year.

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Australian Market Report of July 30: Weak Overseas Markets

🕔7/30/2009 1:00:19 PM 20650

Wall Street ended modestly lower overnight after the Shanghai stock market slumped 5 per cent, a biggest single day decline of the year in China. The US stocks were also hit by the Commerce Department data that new orders for US manufactured durable goods fell 2.5 per cent in June.

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Australian Market Report of July 29: US Consumer Confidence Falls

🕔7/29/2009 1:00:26 PM 14205

US stocks closed flat overnight after a weaker-than-expected survey on consumer confidence. The Conference Board reported its confidence index fell to 46.6 from 49.3 in June, primarily due to a worsening job market.

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Australian Market Report of July 21: More Upbeat Financial Results

🕔7/21/2009 1:00:51 PM 18207

The Australian market closed firmer yesterday on stronger commodities prices and good leads from overseas markets. The benchmark S&P/ASX 200 index rose 49.5 points, or 1.24 per cent, at 4050.3 points, while the broader All Ordinaries index gained 51.3 points, or 1.28 per cent, to 4044.2 points.

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Australian Market Report of July 17: Recession to End This Year

🕔7/17/2009 1:00:59 PM 18626

Australian shares yesterday gained on the rise of Wall Street. The benchmark S&P/ASX200 gained 71.1 points, or 1.8 per cent, at 3995.6, while the broader All Ordinaries had gained 70.3 points, or 1.8 per cent, to 3987.8.

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Australian Market Report of July 7: Low Trading before Earnings Season

🕔7/7/2009 1:00:13 PM 16591

Yesterday, the Australian stocks closed lower led by weakness in mining and energy sectors following the drop in oil prices. The benchmark S&P/ASX200 index lost 44.5 points, or 1.16 per cent, to 3,783.7 points, while the broader All Ordinaries index was 42.4 points, or 1.11 per cent lower, to 3,784.2 points. Analysts expect the market remains low trading volume as the investors were nervous ahead of the reporting season.

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Australian Market Report of May 29: Helped by Rising Oil Prices

🕔5/29/2009 1:00:13 PM 19265

The Australian share market closed lower with a broad-based selling off after Wall Street's tumble. The benchmark S&P/ASX200 index slumped 45.4 points, or 1.2 per cent, at 3755.7, while the broader All Ordinaries index lost 41.4 points, or 1.1 per cent, to 3753.9.

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Australian Market Report of April 15: US Retail Sales Dented Sentiment

🕔4/15/2009 1:00:27 PM 16764

Yesterday the Australian shares closed with a three months high, lifted by stronger banks and resources stocks. The benchmark S&P/ASX200 index was up 2.2%, or 81.3 points, at 3752.9, while the broader All Ordinaries index also gained 2.2%, or 80.5 points, at 3698. The financial sector was largely buoyed by the US bank Goldman Sachs’ first quarter earnings.

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