The benchmark S&P/ASX 200 closed up 0.2 per cent at 4967.3 points after hitting a six-week low of 4927.9. Financials and consumer staples lent support, with ANZ, Westpac, NAB, Woolworths and Wesfarmers up 0.8 per cent to 1.5 per cent. ...
Tags: economy
US stocks gained ground, nearly erasing the week's losses for the Dow industrials as investors started to look past the latest euro-zone debt drama. For European markets, however, it was a different story, as the turmoil in Cyprus ...
Tags: economy
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
THE Australian dollar has closed higher, climbing back above 104 US cents as the turmoil in Cyprus prompted fresh buying of the local currency. Westpac chief currency strategist Robert Rennie said the Australian dollar represented ...
Tags: Australian Dollar, economy
US stocks moved lower as prices took a hit from continued uncertainty about the fate of a bailout plan for banks in Cyprus and weakness in technology shares. The Dow Jones Industrial Average shed 90.24 points, or 0.6 per cent, to ...
THE sharemarket pared an early decline as bank stocks rose after Macquarie Equities upgraded its earnings estimates for the sector, while upgrading National Australia Bank from neutral to outperform. National Australia Bank, ANZ and ...
French authorities have found 57 tons of banned mutton at the French company Spanghero, which was earlier implicated in the horsemeat scandal. Spanghero operates a factory in Castelnaudary, near Toulouse, in south-west France. The meat ...
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
A STEADY-AS-SHE-GOES statement from the US central bank and easing fears about Cyprus has had little impact on the Australian dollar. At 7am AEDT, the local unit was trading $US1.0379, level with where it ended the local session ...
US investors pushed stocks broadly higher, as the Federal Reserve's promise of continued easy-money policies helped them move past the latest flare-up in Europe's debt crisis. The Dow Jones Industrial Average finished with an advance of ...
The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
The dollar pushed higher but the gaze of traders remained firmly on whether lawmakers in Cyprus can reach a deal on the proposed terms of an international bailout package. As part of a rescue package for Cyprus, European policymakers have ...
Tags: dollar, Aussie dollar, euros
The Australian dollar fell after the Cypriot parliament failed to pass a bank deposit tax that was a condition of a bailout for the island nation. At 6.30am AEDT the local unit was trading at 103.63 US cents, down from 103.80 cents at ...
Tags: Australian dollar, US cents, European Union
The sharemarket has closed lower for a second straight day after giving up early gains during afternoon trading. At 4.15pm AEDT, the benchmark S&P/ASX200 index was down 28 points, or 0.56 per cent, at 4987.4 points. The broader All ...
Tags: Stocks, sharemarket, benchmark
The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt