Insurance

Australian Market Report of February 11: Gains Pared after China's Trade Data

🕔2/11/2010 9:30:45 AM

Australian shares gave up early gains after disappointing trade numbers from China raised concerns that Chinese economy is cooling. The market closed slightly higher as earnings reports from market heavyweights BHP Billiton and Commonwealth Bank helped the rise. At the close, the benchmark S&P/ASX200 index was 8.3 points higher, or 0.2 per cent, at 4513.4. The broader All Ordinaries index rose 12.3 points, or 0.3 per cent, to 4533.

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Australian Market Report of February 3: Encouraged by Positive Earnings

🕔2/4/2010 9:30:18 AM

Australian stocks rose Wednesday following encouraging earnings result from media group News Corp. At the close, the benchmark S&P/ASX200 index gained 42.6 points, or 0.9 per cent, at 4647.9, while the broader All Ordinaries index rose 44.4 points, or 1 per cent, to 4673.2.

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Asian Markets Overview of January 29

🕔1/29/2010 1:30:43 PM

Most Asian stock markets rebounded Thursday after the U.S. Federal Reserve's pledge to keep interest rates near zero for "an extended period". But analysts expect this would be a temporary rebound. Yesterday, Japan's Nikkei rose 1.6 per cent, boosted by the upbeat earnings reports. Hong Kong's Hang Seng Index added 1.6%, South Korea's Kospi climbed 1.0 per cent and Taiwan's Taiex climbed 1.8 per cent.

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Australian Market Report of December 18: Gains Pared after NAB's Surprise Bid

🕔12/18/2009 10:30:00 AM

The Australian share market lost much of its early gains after NAB's surprise bid for the local and New Zealand assets of AXA Asia Pacific Holdings. Woodside's capital raising also gave the market a pullback. At the close, the local market was slightly higher. The benchmark S&P/ASX200 index closed up 8.4 points, or 0.18 per cent, at 4670.3 points, while the broader All Ordinaries index gained 13.5 points, or 0.29 per cent, to 4689.6 points.

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Australian Market Report of December 15: Market Cheered by US$10bn Dubai Rescue

🕔12/14/2009 5:23:55 PM

Dubai yesterday said it had received US$10 billion in financing from Abu Dhabi to pay part of the debt held by Dubai World and its property unit Nakheel. The news prompted the Australian market into positive territory in late trade. At the close, the benchmark S&P/ASX200 index rose 0.4 per cent, at 4654, after earlier falling as low as 4608.3. The broader-based All Ordinaries index climbed 16.8 points, or 0.4 per cent, to 4668.2.

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Asian Markets Report of December 11

🕔12/11/2009 1:30:17 PM

Asian stocks mostly Friday moved higher at opening after the strong economic figures from the US boosted investor confidence. Today the focus will be on a series of economic data of China. The nation's key official figures on industrial production, CPI, and retail sales are due out later in the day.

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Asian Markets Overview of December 8

🕔12/8/2009 1:30:42 PM

Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.

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