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 ...

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 ...

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

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 ...

Nikkei drops in thin trade on losses in Asia markets

Tuesday, December 28th, 2010

* Nikkei down 1 percent, Topix falls 0.8 pct * Losses in other Asian markets sour sentiment in Tokyo View full post on Market news | ninemsn Money

US-STOCKS-Wall St edges higher on energy, financial shares

Monday, December 27th, 2010

* Indexes add to year-end rally, S&P up 11.6 pct in 2010 * Boeing, American Express pressure Dow View full post on Market news | ninemsn Money

LatAm weather keeps pressure on corn prices

Sunday, December 26th, 2010

By Javier Blas in London, Financial Times, 23 Dec 2010 Corn prices rose to a 2½-year high on Thursday, extending year-to-date gains to 48 per cent as traders worried about lack of rain in Latin America. Argentina and Brazil are the world's second- and third-largest exporters of the grain, ...