The much expected interest rate hike today did little to excite financial markets, however the main indices did manage to hold on to a five day high thanks to a positive offshore lead. The All Ordinaries Index (XAO) gained 15pts or 0.3pct by close to 4709.9 while the S&P/ASX 200 Index (XJO) added 15.4pts or 0.3pct to finish at 4701.9.
Read more about ASX Share Market Update March 2nd 2010The Australian share market rallied today, as positive earnings results and upbeat guidance buoyed investor sentiment. The All Ordinaries Index (XAO) gained 76.4pts or 1.6pct to 4732.7 while the S&P/ASX 200 Index (XJO) firmed by 82.4pts or 1.8pct to 4717.5. The financial sector increased by 1.9pct as all the majors recorded solid gains
Read more about Australian Share Market ASX Wrap up Feb 22nd 2010The defensive tone continued today with money flowing out of the materials and energy sectors, and into consumer staples, healthcare and telco stocks. An interesting development this morning was the FOMC’s move to lift the emergency Fed fund’s rate up to 75 basis points, from 50. It’s now clear that China and the US are laying the foundations to move away from emergency settings.
Read more about Australian Share Market Update – Feb 19 2010The ASX took on a distinctly more favourable tone today with solid gains across the board. Nerves over Greece’s sovereign debt worries seem to have abated for the short term as Eurozone authorities iron out its fiscal issues, and manufacturing numbers out of the US also helped bring back the risk trade.
Read more about ASX Market Update -Daily Recap 17th Feb 2010In Asia, equity markets are all higher in early afternoon trade, led by gains among material and bank stocks after lower-than-expected Chinese inflation numbers and an increase in Australian jobs tempered concerns that tighter monetary policy will weigh on growth. The Kospi and Hang Seng are the best performers, up 1.8% and 1.3% while the Nikkei 225 and Shanghai Composite are stronger by 0.3% and 0.2% respectively.
Read more about ASX Share Market Recap 11th FebDespite a strong start, the Australian share market finished only slightly firmer today, as losses from the banks outweighed positive earnings results and a strong offshore lead. The All Ordinaries Index (XAO) rose 12.3pts or 0.3pct to 4533 while the S&P/ASX 200 Index (XJO) added 8.3pts or 0.2pct to 4513.4.
Read more about ASX Shares Market Update – Feb 10 2010Locally, the Australia ASX 200 CFD Index finished 0.9% stronger at 4647.9, slightly off morning highs of 4656.9. Gains came from the cyclical sectors leveraged to the global economic recovery. This is a positive as it possibly indicates a re-emergence of risk appetite.
Read more about ASX Share Market Update Feb 3rdIn Asia, regional markets have started the week mixed after strong manufacturing reports from China spurred concerns that policy makers will look to further rein in growth. The Shanghai Composite is the worst performer, down 2.1% while the Hang Seng is 0.6% lower. The Nikkei and Kospi have rebounded from earlier weakness and are currently higher by 0.1% and 0.5%. Locally, the Australia 200 CFD Index lost 1% to close at 4524.1, the low of the day
Read more about ASX Share Market Wrap – AustraliaIn Asia, equity markets are all lower following Friday’s poor leads. However, nervousness over the reappointment of Federal Reserve chief Ben Bernanke has been largely laid to rest, helping markets outperform US peers on a relative basis. The Hang Seng and Kospi are the biggest fallers, both down 0.9% while the Nikkei is weaker by 0.5%. The Shanghai Composite is 0.4% lower.
Read more about ASX Share Market Update Jan 25thMineral sands miner Iluka Resources Ltd recorded a 37.5% fall in sales revenue in calendar 2009, but says revenue increased appreciably in the second half as world prices firmed off the back of the turnaround in China.
Read more about Iluka Resources Shares, Earnings Report -Time To Buy?