Market At Midday On Wednesday
The ASX 200 has recovered from session lows after a better than expected reading on economic growth for the first quarter.
Read MoreThe ASX 200 has recovered from session lows after a better than expected reading on economic growth for the first quarter.
Read MoreLocal stocks are only slightly lower ahead of the Reserve Bank’s monthly interest rate meeting this afternoon. The miners are firmer after tough start to the week.
Read MoreWell, yesterday’s data drop has produced mixed views about the health of the economy.
Read MoreYet more financial problems with troubled small transport group, McAleese Corporation (MCS).
Read MoreAnd finally, miles away from retailing, but still in a tough sector – mining services – contract driller and services group Ausdrill (ASL) produced a surprise profit warning yesterday and the shares slumped.
Read MoreAnd for the second time in two months, the embattled Sydney-based distributor of toys and other products, Funtastic (FUN) has cut profit guidance and tipped further write downs of between $3 to $6 million.
Read MoreA few downgrades yesterday, for various reasons, from weak retail sales in Australia for RCG Corporation (RCG), to problems in Africa for Ausdrill (ASL) and operational and financial strains in that perennial underperformer, McAleese Corporation (MCS).
Read MoreRates on hold with the S&P/ASX200 shedding 38.8 points or -0.71% on volume of $3.6 billion, closing at 5479.7.
Read MoreThe stock market was sold off in late trade, while the RBA kept the cash rate at 2.5%.
Read MoreMid Session Report; balancing act; miners down, banks up, ASX edges higher. Karoon Gas (KAR) sell Browse Basin gas assets to Origin for $860mln
Read MoreIt will be an enormous week for Australian economic data and by Friday we should have a clear idea of how the economy is placed.
Read MoreStandby for more selling pressure in major miners on the ASX today after a 4% slide in the price of iron ore on Friday night.
Read MoreWell, ‘sell in May and go away’ would have been a far more profitable course of action for Australian investors (except for shareholders who stuck with the Commonwealth Bank) than most other markets – such as Wall Street, most Asian markets and their counterparts in Europe, which enjoyed a buoyant month.
Read MoreThe fall in global iron ore prices will rattle the local market today, but two bits of news from China (the major buyer of that iron ore) will go some way to easing those fears.
Read MoreLocal stocks managed to rise for the first time in three sessions.
Read MoreEnd of day market wrap video. Stocks rose on the first trading day of the new month.
Read MoreFor a moment, economic growth in the New Zealand economy soared over Australia, helped by the biggest dairy boom in history, as well as a building surge based on the rebuilding of an earthquake-shattered Christchurch, and a high level of activity in Auckland.
Read MoreStronger than expected business investment figures for the 2014-15 financial year have confounded many forecasters who were looking for another doom and gloom set of numbers from the Australian Bureau of Statistics.
Read MoreThe $70 billion reshuffle of the Lowy family controlled Westfield shopping centre group will be delayed a fortnight, or possibly longer while the two companies, their boards, advisers and perhaps the regulators try make sense of an extraordinary day in Sydney yesterday.
Read MoreNew highs for Wall Street this morning, so it’s no wonder the MSCI World Index is also at new all time highs.
Read MoreLocal stocks fell for the second day but only for the second time in a fortnight. A strong lead from Wall Street was overshadowed by a weaker iron ore price.
Read MoreS&P/ASX200 lost 27 points or -0.49% on volume of $5.9 billion, closing at 5492.5.
Read MoreFurther declines in the price of iron ore have continued to cast a long shadow over mining stocks on Friday which is where the losses for the market are concentrated.
Read MoreProperty developer Stockland (SGP) has increased its takeover offer for rival Australand (ALZ) to $2.5 billion.
Read MorePoker machine maker Aristocrat Leisure (ALL) sees continued strong annual profit growth after lifting its first half earnings 9% and revealing a 14% rise in interim dividend to 8c a share.
Read MoreMelbourne-based services company, Programmed (PRG), has managed to ride out a sharp slide in revenue and earnings from its resources business to post a basically steady result for the 12 months to March 31.
Read MoreAnother rough trading update from small Sydney women’s fashionwear retailer Noni B (NBL). It revealed write downs and a prospective loss for the year, news that sent the shares down 9.1% to 35c at one stage.
Read MoreSellers returned to the ASX on Thursday having been absent in any meaningful fashion for 7 sessions.
Read MoreSellers returned to the ASX on Thursday having been absent in any meaningful fashion for 7 sessions. By the close the S&P/ASX200 lost 7.7 points or -0.14% on volume of $2.8 billion, closing at 5519.5.
Read MoreCommSec’s Juliette Saly delivers a mid-session market update. Stocks have given back yesterday’s gains.
Read MoreAussie market higher in low trade. Retailers WOW and WES in focus. Gold at 3½ mth low..
Read MoreGreat day for equities in New York, a lousy day for gold bugs which the metal copping a whack from complacent investors.
Read MoreShares in Brisbane-based software company, TechnologyOne (TNE) rose strongly to a record close in yesterday’s mixed market after it reported a solid rise in interim profit and forecast a solid second half to meet market forecasts for the full year.
Read MoreFor all the hype about its float last year and subsequent strong market performance, market confidence in OzForex (OFX) looks pretty fragile.
Read MoreSuncorp (SUN), the Brisbane based financial services group, has become yet another company to separate bad news from a formal investor day presentation or annual meeting.
Read MoreThe ASX 200 ended well off the best levels of the day although on the positive note the index continues to consolidate above the 5500 mark.
Read MoreThe S&P/ASX200 gained 15.5 points or + 0.28% on volume of $3 billion, closing at 5527.2.
Read MoreThe country’s banking regulators have responded to the home price (and lending) boom of the last year or so by tightening criteria for borrowers and lenders, and forcing lenders to be tougher in assessing their customers.
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