National Australia Bank (NAB) shares continue takeover bid with AXA

National Australia Bank (NAB) continues takeover bid with AXA

Australian Stock Market Wrap 4-29-10

Australian Stock Market Wrap 4-29-10

Australian stocks fell 0.8 percent on Thursday, as no.4 lender Australia and New Zealand Banking Group (ANZ) led banks down after disappointing investors with a smaller dividend hike than expected.

The top miners also slid, as investors turned…

Australian Stock Market Wrap 4-27-10

Australian Stock Market Wrap 4-27-10

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…

ANZ Banking Group (ANZ) shares earnings expected to double

ANZ expected to double first half 2010 cash earnings

ANZ Banking Group Ltd is expected to double first half 2010 cash earnings as bad debt provisions fall but analysts warn share prices across the banking sector are no longer cheap.

Like two of its…

ASX Share Market Wrap 4-21-10

ASX Share Market Wrap 4-21-10

Australian shares rose 0.6 percent on Wednesday, in line with gains in Asian markets, as solid U.S. profit results bolstered views that the global recovery is picking up speed.

“As markets continue to return to more normal dynamics,…

ASX Stock Market Wrap 4-20-10

ASX Stock Market Wrap 4-20-10

Locally, 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…

ASX Share Market Wrap 4-19-10

ASX Share Market Wrap 4-19-10

The Australian share market closed lower on Monday taking its lead from United States markets, which fell after Wall Street’s most powerful firm, Goldman Sachs & Co, was accused by the US government of misleading investors.

Investors also…

Australian Stock Market Wrap 4-16-10

Australian Stock Market Wrap 4-16-10

In Australia, yesterday’s ASX 200 journey above the 5000 level turned out to be short lived with markets falling from the opening bell, closing 0.3% softer at 4984, but off the lows of the session. With the…

Australian Share Market Wrap 4-15-10

Australian Share Market Wrap 4-15-10

Australian shares inched up to close just above 5,000 for the first time in 19 months, led by the banks as U.S. corporate earnings, retail data bolstered investor confidence.

Dealers said the 5,000 level was more of…

ASX Share Market Wrap 4-9-10

ASX Share Market Wrap 4-9-10

The Australian share market regained some ground today, with energy and mining stocks in focus on renewed takeover activity in the coal sector. The All Ordinaries Index (XAO) rose 12.6pts or 0.3pct to 4972.9 while the S&P/ASX 200 Index…