Australian Market Report of July 27: Strong Lead Continues
US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.
US stocks rose on Friday after Federal Reserve Chairman Ben Bernanke said the central bank is winding down its emergency lending programs established to end the financial crisis.
Wall Street finished mixed overnight. Dow and S&P 500 indices ended their rising streak while Nasdaq posted its 11th straight rise led by Apple and Yahoo. Investors started to lock in their profits from a series of rallies driven by earnings reports.
Capital Estate Limited ("Capital Estate"/ "the Company") (HKG:0193) is pleased to announce today that the transaction of Fullkeen Holdings Limited ("Fullkeen") is approved by the independent shareholders at the Extraordinary General Meeting held today.
Yesterday Australian shares slightly fell on weaker base metal prices. The benchmark S&P/ASX200 index dropped 16.8 points, or 0.4 per cent, at 3766.9 points while the broader All Ordinaries index had shed 16.4 points, or 0.4 per cent, to 3767.8.
On Friday Asian and European markets fell while Wall Street was closed for public Holiday. The Australian shares closed lower Friday as US shares tumbled on the unfavorable unemployment figures and commodities prices were also lower. The benchmark S&P/ASX200 index lost 49.1 points, or 1.27 per cent, to 3828.2 points, while the broader All Ordinaries index slumped 48.6 points, or 1.25 per cent, at 3826.6 points. The Reserve Bank of Australia Tuesday will announce its official interest rate after board meeting.
The Australian shares yesterday started the new financial year with a significant fall led by financial and resources stocks. The benchmark S&P/ASX200 index lost 80.9 points, or 2.05 per cent, to 3874 points, while the broader All Ordinaries index was 75.5 points, or 1.91 per cent lower, at 3872.3 points.
Yesterday, the Australian share market closed higher on the back of stronger commodity prices. The benchmark S&P/ASX200 index rose 49 points, or 1.29 per cent, at 3856, while the broader-based All Ordinaries index gained 49.3 points, or 1.3 per cent, to 3851.5 points.