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Australian Market Report of May 18, 2010: Fox Resources (ASX:FXR) Major Shareholders Taking Up Full Rights Entitlement

🕔5/18/2010 1:30:39 PM 10778

The Australian market yesterday experienced its worst day in a year with a massive 3.1 per cent drop, wiping off more than A$40 billion value from the local market. Asian shares also saw broad sell-off on Monday due to the lingering euro zone debt issue. After flat lead from Wall Street, the Australian share market rose slightly at opening on Tuesday and soon moved back to negative territory.

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Australian Market Report of November 13: Market Seeking Stronger Catalysts

🕔11/13/2009 1:00:54 PM 14204

Wall Street rally ended on Thursday as the market was suffering from "rally fatigue". The better-than-expected US jobless claims and corporate news failed to move investors who had been bombarded by positive news in recent sessions. A surge in oil stockpiles also raised concerns over the US recovery.

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Australian Market Report of September 11: Upbeat Economic Data

🕔9/11/2009 1:00:01 PM 23561

Wall Street continued its gains for a fifth day on Thursday on some upbeat economic data and corporate guidance. The Commerce Department's report showed a sign of consumer spending pickup as US trade volume and imports surged. A separate report said jobless claims fell to 550,000 in the past week.

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Australian Market Report of November 10: Stocks to Soar on Positive Overseas News

🕔11/10/2008 3:00:49 PM 11416

At week's end, Wall St. rebounded with about 2.9% rise on hopes for further US rate cuts and President-elect Barack Obama's call for another economic stimulus plan. China's announcement over the weekend that it will spend 4 trillion yuan by 2010 to help re-ignite growth may also shore up Australian stocks, particularly miners.

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Australia Market Report of October 17: Market on Roller Coaster

🕔10/17/2008 1:00:00 PM 10188

Overnight Wall Street gained in a late rally early this morning, as investors snapped up beaten-down shares after Wall Street's worst day since the 1987, and consumer companies gained as the price of oil fell.

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Australia Market Report of July 31: Confidence Returns, Oil Soars Up

🕔7/31/2008 1:35:07 PM 9028

The Australian share market was boosted by banks yesterday after investor confidence returned following a rally overnight on Wall Street. The benchmark S&P/ASX200 index rose 89.2 points, or 1.84%, to 4936.7, while the broader All Ordinaries climbed 85.4 points, or 1.73%, to 5008.7.

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