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 ...

Signs look positive for Aussie shares

Thursday, January 6th, 2011

Signs are positive overall for the Australian market on Thursday, with mixed to strong leads from offshore trading overnight.On the ASX 24 at 0624 AEDT, the March share price index futures contract was 19 points higher at 4733. View full post on Market news | ninemsn Money

Stocks end flat on first day of trade

Wednesday, January 5th, 2011

The Australian share market closed flat on its first day of trade for 2011 as the materials sector continued to lead the index early in the new year.The benchmark S&P/ASX200 index fell 2.7 points, or 0.06 per cent, to 4,742.5 points, while the broader All Ordinaries index rose 2.6 points, ...

Aussie market gets positive offshore leads

Tuesday, January 4th, 2011

The Australian market is receiving strong, positive leads from offshore trading, with both equities and commodities markets more buoyant overnight.In economics news, data on Tuesday will be the Australian Industry Group-PwC Australian Performance of Manufacturing Index (Australian PMI) for December. View full post on Market news | ninemsn Money

Morales drops plan to withdraw fuel subsidies

Monday, January 3rd, 2011

By Naomi Mapstone in Lima and Andres Schipani in Miami, Financial Times, 2 Jan 2011 Evo Morales, Bolivia's leftist president, has reversed a decision to withdraw fuel subsidies after nationwide protests by his own supporters.Police used tear gas on protesters in the capital of La Paz and regional centres ...

Nunavut increases bid for Baffinland Iron Mines

Sunday, January 2nd, 2011

By Bernard Simon in Toronto, Financial Times, 1 Jan 2011 The rival bidders for Baffinland Iron Mines have both sweetened their bids over the new year period, escalating the battle for control of a vast undeveloped iron ore deposit in Canada's high Arctic.Nunavut Iron, an acquisition vehicle backed by ...

Australian stocks open firmer on miners

Saturday, January 1st, 2011

The Australian stock market has opened lower on the last day of the year, following a weaker Wall Street and a dip in prices for precious metals overnight.At 1015 AEDT, the benchmark S&P/ASX200 index was down 7.1 points, or 0.15 per cent, at 4,783.3, while the broader All Ordinaries index ...

Aust stocks open firmer on miners

Friday, December 31st, 2010

The Australian stock market has risen to an eight month high in early trade, led by the miners, following a strong offshore session for commodities.At 1015 AEDT, the benchmark S&P/ASX200 index was up 21.2 points, or 0.44 per cent, at 4,796.4, while the broader All Ordinaries index had risen 19.9 ...

Australian stocks open flat

Thursday, December 30th, 2010

The Australian stock market has opened flat, balancing a positive lead from offshore markets with China's surprise interest rate rise on Christmas Day as trading resumes after a four-day break.At 1015 AEDT, the benchmark S&P/ASX200 index was up 2.1 points, or 0.04 per cent, at 4,779.4, while the broader All ...