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Banking Stocks
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The Australian Sharemarket Is Expected to Open Lower
Jun 17, 2013The Australian sharemarket is expected to open lower today as local investors practise caution ahead of expectations the US Federal Reserve could wind back its third round of bond purchases. Despite posting a late surge at the end of last ...
Tags: Investors, Fed Meeting, Sharemarket
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Renewed Demand for Banking Stocks Has Driven The Overall Australian Sharemarket Higher
Jun 17, 2013Renewed demand for banking stocks has driven the overall Australian sharemarket higher. The benchmark S&P/ASX200 index was up 34.1 points, or 0.71 per cent, at 4825.9. The broader All Ordinaries index was up 29.5 points, or 0.62 per ...
Tags: Banking Stocks, Sharemarket
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Sharemarket Closed 1 Per Cent Lower as Weak GDP Figures Prompted Investors
Jun 5, 2013The sharemarket closed more than 1 per cent lower as weak GDP figures prompted investors to dump banking stocks. At the close today, the benchmark S&P/ASX200 index was down 65.6 points, or 1.34 per cent, at 4835.2. The broader All ...
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Australian Stocks Closed Flat, with a Strong Day From The Major Miners Offset
May 31, 2013Australian 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
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Australian Stocks Are Weaker , Hitting an Eight-Week Low
May 30, 2013Australian 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
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Sharemarket Opened Week with a Solid Gain on Signs of Recovery in The US Economy
May 21, 2013The 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
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Investors Took Cues From Positive Finish on Wall Street
May 20, 2013The sharemarket closed stronger, up 1 per cent during the day but eased to about 0.5 per cent higher by the finish. At the close, the benchmark S&P/ASX200 index was up 28.2 points, or 0.54 per cent, at 5209 points. The broader All ...
Tags: Wall Street, Sharemarket
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Australian Stocks Recovered From a Steep Intraday Fall to Close Only Marginally Lower
May 8, 2013Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
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Sharemarket Has Opened More Than 1 Per Cent Higher
May 7, 2013The sharemarket has opened more than1 per cent higher after strong US jobs numbers pushed American stocks to a record high and helped miners outperform the market. At 10.30am AEST the benchmark S&P/ASX200 index was up 54.5 points, or 1.06 ...
Tags: US Jobs Data, Service
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Stocks Rose 0.6 Per Cent as Investors Piled Into Banks to Take Advantage of Dividend Yield
May 2, 2013Local stocks rose 0.6 per cent today as investors piled into banks to take advantage of their dividend yields, and amid optimism that the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: Local stocks, Stockmarket
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Sharemarket Rose 0.6% as Investors Piled Into Banks to Take Advantage of Dividend Yields
May 2, 2013The sharemarket rose 0.6 per cent yesterday as investors piled into banks to take advantage of their dividend yields, amid optimism the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: sharemarket, Investors Banking
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China Saw The Increment of Funds Outstanding for Foreign Exchange Reach CNY1.2 Trillion
May 1, 2013China saw the increment of funds outstanding for foreign exchange (FOFE) reach a new high of CNY 1.2 trillion in the first quarter of this year. According to data released by the People's Bank of China (PBOC), the central bank, on April ...
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Foreign Banks Continue Selling Stake in Chinese Lenders
Apr 29, 2013Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy
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Australian Dollar Hit a Five-Week Low After Wall Street Was Dragged Down by Falls
Apr 19, 2013The Australian dollar hit a five-week low after Wall Street was dragged down by falls in the share price of US banking stocks and Apple. At 6.30am AEDT the local unit was trading at 102.94 US cents, down from 103.63 cents at ...
Tags: Australian dollar, dollar
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Australian Share Market Closed Slightly Higher Due to Strength Among Financial Stocks
Apr 3, 2013THE Australian share market closed slightly higher due to strength among financial stocks. The gains came as the Reserve Bank of Australia held the cash rate at three per cent, equal to its lowest level on record. CommSec market analyst ...
Tags: economy
