The stockmarket traded marginally lower as disappointing trade figures pulled shares back from a modestly positive start. IG Markets market strategist Stan Shamu said the Australian market had opened slightly higher, but had descended ...
The Australian sharemarket has finished lower, despite some resilience in the resources and materials sector. Options XPress market analyst Ben Le Brun said the local market had bounced back in afternoon trade as investors looked ahead ...
Tags: Australian sharemarket, financial space, Australian economy
The Australian dollar was half a US cent lower despite Wall Street stock markets making solid gains overnight, with the Dow Jones Index reaching fresh record highs. At 6.30am AEDT the local unit was trading at 102.38 US cents, down from ...
Tags: Australian dollar, US cent, stock markets
Investors took a record high for US stocks - the bellwether Dow Jones Industrial Index eclipsing its pre-global financial crisis peak - as confirmation that the US economic recovery is gathering strength and sent the local market to its ...
Tags: US stocks, Stockmarkets, Stocks
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
The local sharemarket rose to a 4 1/2-year high yesterday as the economic outlook for the US and China brightened and eurozone worries eased, with National Australia Bank spiking higher on reports of a cost-cutting plan. The benchmark ...
Tags: sharemarket, benchmark, shares traded
THE Dow Jones Industrial Average has edged closer to an all-time closing high, as investors brushed off steep losses in China's equity markets and pushed major benchmarks higher. The Dow rose 38.16 points, or 0.3 per cent, to 14127.82, to ...
The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
The Dow industrials posted their third triple-digit-point gain of the year, as Hewlett-Packard and American International Group AIG rallied on earnings and a reading on German business confidence topped expectations. The Dow Jones ...
Tags: Dow industrials, Hewlett-Packard, company news, AIG
The benchmark S&P/ASX 200 has closed down 2.3 per cent at 4980.1, its biggest fall in nine months. More than $36 billion was wiped from the value of Australian shares in the market's largest one-day decline since May 18, pulling back from ...
Tags: Stocks, benchmark, Australian shares
A TOP BlackRock executive said there was little evidence of a meaningful switch by global investors into equities from fixed-income assets, even after recent strong sharemarket gains. "There appears to be a lot of cash coming off the ...
Tags: shares, investors, sharemarket
The sharemarket has closed at a fresh four-year high as gains by financial stocks offset falls by the big miners. At close today, the benchmark S&P/ASX 200 index had risen 16.8 points, or 0.33 per cent, to 5098.7 points, while the broader ...
Tags: sharemarket, financial stocks, big miners
US stocks edged mostly lower as declines in Wal-Mart Stores and the energy sector offset firm readings on consumer confidence and New York manufacturing. The Dow Jones Industrial Average rose 8.37 points, or 0.1 per cent, to 13981.76 ...
Tags: US stocks, energy sector offset, finance
Energy shares helped pull the Standard and Poor's 500-stock index higher, as an improving outlook for the sector sent it higher on a day heavy with merger and acquisition activity. The S&P 500-stock gained one point, or 0.1 per cent, to ...
Tags: Energy shares, stock index, finance
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs