Stocks fall on flood driven contraction

Monday, January 17th, 2011

The Australian share market reversed course in morning trade, losing 0.3 per cent by noon as investors digested the possible economic effects of floods in Queensland, Victoria and NSW.At 1200 AEDT, the benchmark S&P/ASX200 index was 16.3 points lower, by 0.34 per cent, at 4,785.2 points, while the broader All ...

Soaring food prices cast shadow over trading

Saturday, January 15th, 2011

By Dave Shellock, Financial Times, 14 Jan 2011Inflation concerns began to reassert themselves across the globe this week even as worries about the eurozone sovereign debt crisis showed signs of easing and the US fourth-quarter earnings season got off to a broadly positive start."Inflation has surfaced as a major ...

Stock market weaker on poor resources

Friday, January 14th, 2011

The Australian stock market was weaker at noon as financial stocks rebounded, while resources weighed on the bourse.By 1206 AEDT, the benchmark S&P/ASX200 index was down 4.9 points, or 0.1 per cent, at 4,790.4 points, while the broader All Ordinaries index had fallen 4.2 points, or 0.09 per cent, at ...

Stock market opens strongly

Thursday, January 13th, 2011

The Australian stock market has opened strongly following positive leads from offshore trading overnight, with all key indices and commodities prices higher.By 1018 AEDT, the benchmark S&P/ASX200 index was 42.4 points higher, or 0.9 per cent, at 4,766.6 points, while the broader All Ordinaries index climbed 41.7 points, or 0.86 ...

Australian stocks open higher

Wednesday, January 12th, 2011

The Australian share market edged into positive territory in opening trade, supported by resources stocks and a modestly positive lead from Wall Street.By 1015 AEDT, the benchmark S&P/ASX200 index had firmed 4.1 points, or 0.09 per cent, at 4,714.8 points, while the broader All Ordinaries index climbed 5.4 points, or ...

Stocks lower amid flood uncertainty

Tuesday, January 11th, 2011

The Australian sharemarket was lower at noon as investors sold stocks amid uncertainty about the impact of Queensland's flood crisis on the economy.At 1200 AEDT, the benchmark S&P/ASX200 index was down 12.4 points, or 0.26 per cent, at 4,699.9 points, while the broader All Ordinaries index had fallen 12.9 points, ...

Stocks lower at open

Monday, January 10th, 2011

The Australian share market was weaker in opening trade, falling at least 0.29 per cent on a soft offshore lead.The benchmark S&P/ASX200 index fell 14.9 points, or 0.32 per cent, to 4,690.1 points, while the broader All Ordinaries index dropped 14.1 points, or 0.29 per cent, to 4,797.9 points. View full ...

Bumper times beckon for precious metals

Sunday, January 9th, 2011

By Jack Farchy, Financial Times, 7 Jan 2011 Gold is set for another bumper year in 2011 with a record in excess of $1,600 a troy ounce, according to an annual survey of industry predictions by the London Bullion Market Association.The forecasts from 24 analysts and traders underscore the ...

Australian stocks fall ahead of US data

Saturday, January 8th, 2011

Broad-based falls have left Australian shares nearly half a per cent lower at noon, with many investors sitting on the sidelines ahead of the release of key US jobs data.At 1200 AEDT the benchmark S&P/ASX200 index was down 22.4 points, or 0.47 per cent, at 4,702.6 points, while the broader ...

Aussie stocks lower at noon

Friday, January 7th, 2011

Australian stocks were lower at noon, as gold and financial stocks pushed the market into the red.At 1215 AEDT, the benchmark S&P/ASX200 index was down 11.7 points, or 0.25 per cent, at 4,703.2 points, while the broader All Ordinaries index had fallen 10.8 points, or 0.22 per cent, at 4,810.1 ...