Australian Economy

Australian Market Report of December 14: Market broke Losing Run

🕔12/14/2009 9:30:21 AM

The Australian sharemarket ended the four consecutive day losing streak and closed higher on Friday in quiet trading condition. The market opened stronger on the good lead from Wall Street and made sustained gains, helped by the Chinese industrial production data suggesting demand for Australian resources will remain strong. At the close, the benchmark S&P/ASX 200 index rose 28.5 points, or 0.62 per cent, to 4635.20 points, while the broader All Ordinaries index also advanced 28.5 at 4651.40 points. For the week, the market closed down 1.4 percent.

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Australian Market Report of December 11: Prospect for Further Rate Hikes

🕔12/11/2009 9:30:04 AM

The Australian market declined for a fifth consecutive session on Thursday, even after a stronger-than-expected labour force report. The falls were led by resources shares and consumer discretionary. At the close, the benchmark S&P/ASX200 index dropped 31.2 points, or 0.7 per cent, at 4606.7 points, while the broader All Ordinaries index lost 29.7 points, or 0.6 per cent, to 4622.9 points.

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Australian Market Report of December 10: Resources Stocks under Pressure

🕔12/10/2009 9:30:02 AM

The Australian share market fell for the fourth consecutive day dragged by resources stocks. The local shares dropped sharply at in early trade amid the global debt jitters. The disappointing growth figures from Japan also weighed on the local market. At the close, the benchmark S&P/ASX200 index fell 32.7 points, or 0.7 per cent, at 4637.9, while the broader All Ordinaries lost 33.8 points, or 0.7 per cent, to 4652.6. The Aussie dollar also fell below 91 US cents today.

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Australian Market Report of December 9: Banks Fell on Outlook for Rates

🕔12/9/2009 9:30:39 AM

The Australian sharemarket closed marginally lower in light trading yesterday as banks were down on concerns that bad debts could increase after interest rate rise. The benchmark S&P/ASX 200 index gave up 5.9 points, or 0.13 per cent, at 4670.60, while the broader All Ordinaries lost 0.19 per cent to 4686.40 points.

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Australian Market Report of December 8: Weighed by Weaker Commodities

🕔12/7/2009 6:20:32 PM

Australian market Monday ended lower in a thin trade led by resources stocks, as commodities prices dropped on a sharp rise in US dollar. At the close, the benchmark S&P/ASX200 index fell 25.7 points, or 0.6 per cent, at 4676.5, while the broader All Ordinaries lost 26 points, or 0.6 per cent, to 4695.2.

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Australian Market Report of December 3: Strong Metal Prices

🕔12/3/2009 1:00:18 PM

Wall Street declined modestly overnight as bearish analyst comments hurt bank shares. Analysts with UBS predicted the capital market's seasonal slowing could come earlier this year, cutting its fourth-quarter earnings target for Morgan Stanley, JP Morgan and others.

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Australian Market Report of December 2: Turn to Riskier Assets

🕔12/2/2009 1:00:37 PM

US stocks Wednesday climbed to near the peak of the year after Dubai's debt restructuring plan. The market was also supported by the optimism about the upcoming holiday shopping season while retailers Staples and Guess saw positive earnings in third quarter and provided guidance above market expectations.

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