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Encouraging Signs for The Housing Sector Have Driven a Rise in Banking Shares
Jul 16, 2013ENCOURAGING signs for the housing sector have driven a rise in banking shares, which pushed the market to a fifth straight day of gains. The release of China's latest economic growth figure of 7.5 per cent - in line with expectations - ...
Tags: housing sector, economy
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China Credit Crunch Fears Sent The Stockmarket Tumbling Almost 1.5 Per Cent Lower
Jun 24, 2013China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
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Asharemarket Broke a Five-Day Losing Streak as Japan's Sharemarket Stabilised
May 29, 2013The sharemarket broke a five-day losing streak, as Japan's sharemarket stabilised and S&P500 futures pointed to modest gains on Wall Street. Resources stocks remained jittery after recent signs of weakness in China, while banks and ...
Tags: Stocks, sharemarket
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S&P/ASX200 Has Closed Down 2 Per Cent at 5062.4
May 28, 2013The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
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Sharemarket Suffered Its Sharpest One-Day Fall for Two Month
May 28, 2013The sharemarket suffered its sharpest one-day fall for two months yesterday after the US Federal Reserve said it could reduce its economic stimulus measures and China's manufacturing showed signs of contraction. "In the next few meetings ...
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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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Sharemarket Was Higher Despite Weakness Among Major Resources Stocks
May 15, 2013The sharemarket was higher despite weakness among major resources stocks as investors waited for the federal budget. Most major sectors were up at noon, with information technology shares leading the way and despite a dip in the energy ...
Tags: Australian Market, Mining Stocks
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Wave of Hedge Funds Could Be Set to Short The Currency, Says Charlie Aitken
May 15, 2013High-profile stockbroker Charlie Aitken has weighed into the debate around the Australian dollar, saying that a wave of hedge funds could be set to short the currency and the biggest winners would be industrial stocks, not resources. As ...
Tags: Australian Dollar, Charlie Aitken
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Sharemarket Ends Flat as Companies Returned to Favour,Offsetting Weak Demand for Resources
May 14, 2013The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...
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Dion Hershan Is in Fairly Select Gloomy on Outlook for Commodities and Local Stocks
May 13, 2013FOR two years, Dion Hershan has been in fairly select company -- gloomy on the outlook for commodities and local resources stocks and upbeat about the US. Now, as real concerns emerge about a bubble in major-bank share prices, the Goldman ...
Tags: economy
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Sharemarket Consolidated as Plays Reacted Negatively to Reduced Interest Rate Cuts
May 10, 2013The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
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Sharemarket Has Closed at Its Best Level in Almost Five Years
May 9, 2013The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
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Shares Pared an Early Rise as Profit-Taking Emerged Before US Payrolls Data
May 6, 2013Shares pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks initially boosted the ...
Tags: Payrolls Data, Stocks
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Sharemarket Pared an Early Rise as Profit-Taking Emerged
May 6, 2013The sharemarket pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks, initially ...
