Australian Economy

Australian Market Report of April 16, 2010: US Positive Lead Ignored

🕔4/16/2010 1:30:34 PM

Asian markets mostly opened lower today despite Wall Street gained for its sixth straight day on Thursday. Australian shares fell slightly as the market is taking a breather after rallies in the past several days. Yesterday Asian shares were encouraged by China's first quarter economic growth. China's National Bureau of Statistics said yesterday that its economy surged by 11.9 per cent in the March quarter, up from 10.7 per cent in the final three months of 2009. Japan's Nikkei 225 Average rose 0.6 per cent and South Korea's Kospi was up 0.5 per cent. Hong Kong and Australia markets posted small gains. China's Shanghai Composite ended flat.

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Australian Market Report of April 15, 2010: Pushed Up by Resources Shares

🕔4/15/2010 1:30:49 PM

Australian shares were stronger in early trade Thursday as resources sector were boosted by expectations of a batch of positive economic data from China. The benchmark ASX200 index rose to above 5000-point territory for the first time in 19 months, following the recent rebound of the broader All Ordinaries share index. Asian markets broadly were higher today with Japan's Nikkei opened up 0.9 per cent.

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Australian Market Report of April 14, 2010: Back to Above 5000 Points Level

🕔4/14/2010 1:30:47 PM

The Australian market rebounded to above 5000 points today after Wall Street gained on hope of upbeat US corporate earnings. On Wednesday, investors would look to consumer sentiment data from Wespac and Melbourne Institute. The local market fell back to below the 5000 points level on a weaker performance in Asian markets. Today Asian shares were mostly higher following the positive lead from Wall Street.

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Nufarm (ASX:NUF): Sumitomo Chemical (TYO:4005) Offer Unconditional

🕔4/12/2010 11:40:25 AM

Australian agricultural chemicals firm Nufarm Ltd (ASX:NUF) says it has been notified by Japan's Sumitomo Chemical Company Ltd (TYO:4005) that its offer for 20 per cent of Nufarm is now unconditional. The tender offer for Nufarm shares from Sumitomo Chemical has received acceptances totalling 81.45 per cent of all Nufarm share.

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ABN Newswire Stocks to Watch: March 17, 2010

🕔3/17/2010 11:00:31 AM

ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Meteoric Resources (ASX:MEI), Cougar Energy Limited (ASX:CXY), Magnetic Resources (ASX:MAU), ABM Resources NL (ASX:ABU), AusTex Oil Limited (ASX:AOK), and Victory West Moly Limited (ASX:VWM).

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Australian Market Report of February 25: Lower Metals Prices Hit Resources Giants

🕔2/25/2010 9:30:19 AM

The Australian share market fell sharply Wednesday after led by mining giants BHP Billiton and Rio Tinto as metals prices dropped. The benchmark S&P/ASX200 index ended down 69.8 points, or 1.5 per cent, at 4648.5, while the broader All Ordinaries index lost 65.1 points, or 1.4 per cent, to 4665.9.

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Australian Market Report of February 24: Cautious Ahead Bernanke Testimony

🕔2/24/2010 9:30:45 AM

The Australian share market finished almost unchanged on Tuesday as weakness in resources stocks offset gains in the banking sector. Asian markets were lower yesterday ahead of testimony by US Federal Reserve chairman Ben Bernanke. The benchmark S&P/ASX200 index edged up 0.8 points or 0.02 per cent, at 4718.3 points, while the broader All Ordinaries index had slipped 1.7 points, or 0.04 per cent, lower to 4731.

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