Retail & Merchant Banking

Australian Market Report of February 16: Not About A Quick Recovery

🕔2/16/2009 1:00:41 PM

Last Friday Australian shares ended higher, capping a winning week after reports that the US government was working on a program to help troubled US home owners. The benchmark S&P/ASX200 rose 44.8 points, or 1.27 per cent, at 3,559.1, while the broader All Ordinaries gained 38.2 points, or 1.1 per cent to 3,496.7. The Obama administration's seeking to lower expectations of a quick fix to the financial crisis and the coming earnings reports may send the market to a negative territory.

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Australian Market Report of February 13: Concerning US and Australia's Stimulus Plans

🕔2/13/2009 1:00:29 PM

Yesterday the Aussie market ended higher amid expectations debt-laden Rio Tinto would announce the A$30 billion deal with Chinese steelmaker Chinalco. The benchmark S&P/ASX200 was up 39.9 points, or 1.15 per cent, at 3,514.3, while the broader All Ordinaries rose 40.4 points, or 1.18 per cent, to 3,458.5. Today investors will also be looking to the proceeding of government's A42$ billion economic stimulus package as Parliament will debate a new version after the Senate rejected the government's first proposed plan.

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Australian Market Report of February 11: Disappointed by Plan for Bad Bank

🕔2/11/2009 1:00:31 PM

Yesterday the Australian market closed slightly lower. The benchmark S&P/ASX200 index was down 0.6%, or 19.9 points, at 3488.7, while the broader All Ordinaries index dropped 0.5%, or 17.2 points, to 3428.6.

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Australian Market Report of February 9: US Stimulus Package to Be Approved

🕔2/9/2009 1:00:53 PM

The Australian share market ended last week with 1% higher led by the overseas markets. The benchmark S&P/ASX200 index surged 41.3 points, or 1.2%, to 3469.9 while the broader All Ordinaries index closed with 34.9 points higher, or 1%, settled at 3407.5.

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Australian Market Report of February 6: Higher on Leads from US and UK

🕔2/6/2009 1:00:09 PM

Yesterday the Australian shares closed slightly lower with the benchmark S&P/ASX200 index down 0.3%, or 9.3 points, at 3428.6, while the broader All Ordinaries index declined 0.3%, or 9.7 points, at 3372.6. The market opened higher after the positive lead from the US and UK, but could also be rocked by the earnings of NAB and News Corp.

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Australian Market Report of February 5: Some Recovery Signs

🕔2/5/2009 1:00:22 PM

On Wednesday, the Australian shares dropped more than 2% dragged by the property and mining sectors. The benchmark S&P/ASX200 index was down 70.8 points, or 2.02 per cent, at 3,437.9, while the broader All Ordinaries index shed 66.8 points, or 1.94 per cent, to 3,382.3. The market could restore some confidence over the news that the US service sector shows it shrank at a low pace and China's national purchasing managers index suggests a recovery in China.

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