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
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
The sharemarket is set to open significantly lower after heavy falls on Wall Street on Friday night. But encouraging manufacturing data out of China on the weekend could provide a boost for mining stocks. At 7am AEST, the June share ...
Tags: Sharemarket, Wall Street
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 Australian dollar is lower after heavy falls on Wall Street on Friday night. At 6.30am AEST, the Australian dollar was trading at US96.18c, down from US96.41c on Friday. The currency weakened on Friday night as the US stock market ...
Tags: US Stocks, Australian Dollar
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Kain Ikat, an online supplier of Indonesian ikat and tenun fabrics, has recently announced the addition of new fabrics, scarves, bags, hijab, and clothes to its collection. The company’s expanded inventory is a result of several new ...
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
European benzene's premium over naphtha slipped to a seven-week low, despite continuing lack of clarity on the market direction going into June. The spread between spot benzene and its feedstock naphtha was assessed at $500.25/mt at ...
Regulators have decided against imposing restrictions that would have further curbed computer-driven and off-market share trading, claiming recent regulatory changes are already having the desired effect. In a significant win for the ...
Tags: High Frequency Trade, Restriction
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices. A fresh batch of dire forecasts for the hardware market came out this week, yet tech stocks have ...
Tags: Tech Stocks, Wall Street, PC
Crude futures fell to fresh lows immediately ahead of the 2:30 p.m. EDT (1830 GMT) market settle Wednesday, as the oil complex extended an overnight selloff in US trading after equity markets slid throughout the the session. NYMEX July ...
Tags: Metallurgy, Mineral, Energy, oil
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 ...