ENCOURAGING signs for the housing sector have driven a rise in banking shares, which pushed the market to a fifth straight day of gains. The release of China's latest economic growth figure of 7.5 per cent - in line with expectations - ...
Tags: housing sector, economy
Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners
SHARES have closed higher despite slipping in afternoon trade due to concerns about a slowdown in China. Data from China showed exports unexpectedly fell 3.1 per cent, while imports fell 0.7 per cent in June, suggesting a further slowdown ...
Tags: economy
China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
Australian shares have fallen as investors nervously wait for an update on economic stimulus measures in the US. The benchmark S&P/ASX200 index was down 11.5 points, or 0.24 per cent, at 4814.4. The broader All Ordinaries index was down ...
Tags: Australian Shares, Investors
The Australian share market has closed strongly, posting its biggest gain in a single day so far this year. Strong overnight gains in US stocks after positive retail and jobless data and reports suggesting stimulus measures there were not ...
Tags: Stock Market
THE stockmarket extended weekly losses to 3.8 per cent as materials dragged the benchmark to a fresh low since January, with investors sitting on their hands ahead of crucial US jobs data that could heighten calls for an early tapering of ...
Tags: Service
The Australian dollar came under a fresh wave of selling yesterday on news of weaker-than-expected economic growth in the first quarter, which reignited talk of further rate cuts this year. Government figures showed gross domestic product ...
Tags: Australian Dollar, Rate Cuts
Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. The benchmark S&P/ASX200 index was 38.3 points, or 0.78 per cent, lower at 4888.3 points, while the broader All Ordinaries index was 40.3 ...
Tags: Commodity Price, Rio Tinto, BHP Billiton
Australian stocks have closed flat, with a strong day from the major miners offset by weakness among the banks. The local market took its cues from a positive finish on Wall Street, opening up about 0.3 per cent, but slid into the close ...
Tags: Bank, Sharemarket
Australian stocks are weaker at noon, hitting an eight-week low following a sharp drop in business investment. The benchmark S&P/ASX200 index dropped to its lowest point since April 5 after official figures showed a 4.7 per cent ...
Tags: Stocks, Investment
The Australian dollar gained as much as US1c in overnight trade after the US dollar fell against all the major currencies. The Aussie peaked at US96.71c in overseas trade overnight. By 7am AEST it was trading at US96.34c, up from ...
THE S&P/ASX200 has turned down 0.1 per cent to 4966.6, paring a 0.4 per cent rise that followed overseas gains on stronger US economic data. The reversal comes as investors react to higher US bond yields, a falling Australian dollar, and ...
Fenzi is at the departure gate for the first international industry trade show of 2013. The group is on its way to China Glass, scheduled to open its doors from May 24th to 27th in Beijing, a landmark event for the Tribiano-based Group ...
Tags: Fenzi, Construction
THE stockmarket opened lower after comments the Federal Reserve overnight suggested stimulus activity in the US may soon be eased. At 10.34am AEST the benchmark S&P/ASX200 index was down 44.5 points, or 0.86 per cent, at 5120.9 points. ...
Tags: economy