The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
BUOYANT global equities boosted the Australian dollar today, with traders betting that European and US central banks will this week reaffirm commitment to easy money policies designed to boost asset prices and stoke growth. Australia's ...
Tags: Australian Dollar, economy
The bottoming process in gold and gold mining shares continues to be an extended and frustrating affair. Nevertheless, the fundamental rationale for positioning physical bullion and gold mining shares seems more compelling than ever. ... ...
Tags: Gold Bullion, accelerated decline
"MOVE along now, nothing to see." Constable Plod's old refrain looks an apt way to sum up Criterion's performance in the March quarter, with his "buy" calls rising an average 1 per cent in a quarter in which the broader market surged 5 per ...
Tags: economy
The Australian sharemarket has reached a fresh four-and-a-half-year high, buoyed by improved investor sentiment towards the Italian election outcome. At the close today, the benchmark S&P/ASX200 index was up 67.5 points, or 1.34 per cent, ...
Tags: Buoyant, Australian sharemarket, 2008 levels
Banks, property trusts, consumer staples and energy companies pushed the sharemarket to its highest close since September 2008, as investors digested earnings reports while awaiting the overnight release of minutes from the US Federal ...
Tags: Banks, property trusts, consumer staples, energy companies
The Australian dollar rose after stock markets gained ground overnight, helped by the release of better than expected German economic sentiment data. At 6.30am AEDT the local unit was trading at 103.69 US cents, up from 103.29 cents at ...
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
DATA showing only modest growth in US jobs during December dampened expectations that the Federal Reserve will bring its bond-buying program to an end sooner than expected, weighing on the greenback and helping lift the Aussie dollar in the ...
Australian analysts from Foster Stockbroking say confidence in rare earths miner Lynas Corporation (ASX:LYC) is returning after the Malaysian High Court dismissed an appeal against the company's Advanced Materials Plant (LAMP). In a ...
Tags: Lynas, Metallurgy, Mineral Energy, Operations
Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
Reuters reported that London copper rallied to its highest in six weeks as promising manufacturing data from top consumer China fuelled a cautious return in investors' appetite for the metal although worries over US fiscal woes kept a lid ...
Tags: scrap metal price, iron ore price news, copper market, copper scrap
RIA Novosti / Ruslan Krivobok reported that Russian tycoons Oleg Deripaska and Vladimir Potanin may reportedly put an end to a 4 year long conflict over control of Norilsk Nickel by the year end. Key shareholders of the world's largest ...
Tags: Norilsk Nickel, nickel, palladium, Oleg Deripaska