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Sharemarket Completed Its Biggest Weekly Drop
May 28, 2013The sharemarket completed its biggest weekly drop in a year as a cocktail of global and domestic concerns drove the nation's benchmark index down all but once in the past five days. The S&P/ASX 200 index slumped 3.8 per cent this week as ...
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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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Local Shares Closed Higher as Investors Took Profits Ahead of an Interest Rate Decision
May 7, 2013Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
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Australian Shares Finished The Month with Strong Gains
May 2, 2013Australian shares finished the month with strong gains as the benchmark S&P/ASX 200 climbed to a five-year high after ANZ Bank's $3 billion-plus half-year profit dragged its shares to a record $31.84. ANZ's result pushed up other ...
Tags: Market Gauge, ANZ Gains
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Australian Market Opened Higher as Resources Stocks Lag
May 2, 2013The Australian market opened higher, led by gains for the four major banks ahead of their first-half numbers. At 10.20am AEST the benchmark S&P/ASX200 index was up 23.2 points, or 0.46 per cent, at 5120.7 points. The broader All ...
Tags: Australian market, earnings
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US Stocks Ended a Tumultuous Day with Strong Gains
Apr 25, 2013US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False
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Brighter End to What Was Torrid Week for Mining Stocks Helped Carry Sharemarket to 0.2%
Apr 22, 2013A BRIGHTER end to what was a torrid week for mining stocks helped carry the sharemarket to a modest 0.2 per cent gain yesterday. After making a bold start, the benchmark S&P/ASX 200 index drifted lower throughout the trading session, only ...
Tags: economy
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Sharemarket Has Bounced Back to Close Above The Key 5000 Point Mark
Apr 12, 2013THE sharemarket has bounced back to close above the key 5000 point mark for the first time in a month amid hopes that local interest rates will fall. At the close today, the benchmark S&P/ASX200 index was up 39.1 points, or 0.79 per cent, ...
Tags: economy
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Sharemarket Closed Slightly Weaker as Investors Sold off Defensive
Apr 11, 2013The sharemarket has closed slightly weaker as investors sold off defensive and high-yielding financial stocks after a couple of days of gains. At the close today, the benchmark S&P/ASX200 index was down 8.8 points, or 0.18 per cent, at ...
Tags: Stocks
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Sharemarket Fell Slightly as Traders Took Profits in Financial Stocks and Other Defensives
Apr 11, 2013The sharemarket fell slightly yesterday as traders took profits in financial stocks and other defensives, while continuing to buy miners after China's benign March inflation data sparked an upturn in commodity prices. The benchmark ...
Tags: Stocks Dip, economy
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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
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Sharemarket Closed Lower, Dragged Down by The Four Big Banks
Mar 15, 2013The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...
Tags: sharemarket, four big banks, trade
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Stockmarket Traded Lower as Trade Figures Pulled Shares Back From Modestly Positive Start
Mar 8, 2013The 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 ...
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Blue Chips Continued to Climb to New Heights
Mar 7, 2013Blue 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
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Average Edged Closer to All-Time Closing High as Investors Brushed off Steep Losses
Mar 5, 2013THE 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 ...
