Australian stocks gave up early gains to end flat on Tuesday, with banks leading the retreat ahead of a reporting season kicking off on Thursday with #4 lender Australia and New Zealand Banking Group (ANZ) .
Brokers said the…
Read more about Australian Stock Market Wrap 4-27-10Australian stocks fell to a three-week low on Thursday as weaker commodity prices and disappointing results and outlooks from three resources companies and coal-to-retail conglomerate Wesfarmers (WES) stoked selling.
Mining and energy stocks were the biggest drag on the market,…
Read more about ASX Stock Market Wrap 4-22-10Locally, the ASX 200 closed 0.2% stronger at 4925.8, off session highs of 4944. Investor fears subsided after the initial reaction to the Goldman’s scandal, with the heavy weight financials, industrial, materials and energy sectors contributing most…
Read more about ASX Stock Market Wrap 4-20-10Australian stocks rose 0.9 percent to a 19-month high on Wednesday, after U.S. bellwether Intel posted better-than-expected earnings, boosting hopes for U.S. profits, and local banking stocks rallied.
“The sentiment for the U.S. reporting period is a little…
Read more about Australian Stock Market Wrap 4-14-10