The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
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 shares have opened half a percentage point weaker as falling commodity prices hit mining stocks, and banking shares rally. At 10.30am AEST, the benchmark S&P/ASX200 index was down 26.6 points, or 0.54 per cent, at 4900 points. ...
Tags: Stocks, Mining Stocks
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 ...
The Australian dollar has edged lower, failing to find a catalyst that would help it recover recent losses. At 12pm AEST the local unit was trading at 96.23 US cents, down from 96.39 cents at yesterday’s local close. During the ...
Tags: Australian, Dollar, Service
The Australian dollar is slugging it out with the Syrian pound for the title of world's worst-performing currency. Once the darling of foreign-exchange traders, the Aussie has been out of favour since April 12. According to National ...
Tags: Syrian pound, Service, dollar
RATTLED investors are on high alert after the stockmarket suffered its worst week in a year and the Australian dollar slid to a 12-month low on fresh concerns about the slowing pace of global economic growth. Capping a wild week for ...
Tags: Sharemarket, Horror Week, Alert
The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
The Australian dollar has continued to fall due to investor caution and falls in commodity prices. At 7am AEST the local unit was trading at 96.42 US cents, down from 96.79 cents on Friday. Since 5pm AEST on Friday, the Australian dollar ...
Tags: Australian, Dollar, Commodity Prices
THE Australian dollar lost ground after commodity prices fell in overnight trade and as traders await tonight?s testimony to Congress by US Federal Reserve Chairman Ben Bernanke. At 6.30am AEST the local unit was trading at 98.07 US ...
Tags: economy
The sharemarket opened the week with a solid gain yesterday on signs of recovery in the US economy ahead of Federal Reserve chairman Ben Bernanke's monetary policy testimony on Wednesday (US time) before the joint economic committee of ...
Tags: Sharemarket, Solid Gain
The dollar's dive looks far from over, even though it has already lost more than 8 per cent of its value against the US dollar since the middle of last month. Of course, a technical correction is possible. But increased disappointment ...
Tags: Aussie Dollar, Global Forces
The sharemarket has closed higher, led by investors picking up cheaper mining stocks after heavy selling in recent days. At the close today, the benchmark S&P/ASX200 index was up 15.1 points, or 0.29 per cent, at 5180.8. The broader All ...
THE sharemarket finished lower as weaker commodity prices weighed on the nation's biggest mining stocks. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 26 points, or 0.5 per cent, at 5165.7 points, while the broader All ...
Tags: economy
THE sharemarket recorded its first two-day fall for the past two weeks yesterday as offshore sellers continued to pound the resources sector and share index futures on the back of weakening commodity prices and recent profit warnings in the ...