Australian Economy

Australian Market Report of March 13: Better-Than-Expected News

🕔3/13/2009 1:00:36 PM

Yesterday, the Australian market ended marginally lower as investors were encouraged by the Wall Street rallies. The benchmark S&P/ASX200 index ended the day down 0.3%, or 8.9 points, at 3235.5. The broader All Ordinaries index was also down 0.3%, or 8.7 points, at 3190.4. "Many investors have feared worst, and many are probably predicting companies such as GM would eventually be gone, and are already prepared for it," says Thomas Su, Research Director of Money Cat Consulting. It may be too early to predict, but it seems the financial stocks may start leading the gain in the second half of the year, Thomas Su added.

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Australian Market Report of March 11: Remarkable Rally on Wall Street

🕔3/11/2009 1:00:16 PM

Yesterday the Australian market struggled for direction early on but then found its feet later in the session to close higher, according to CMC Markets. The benchmark S&P/ASX200 index gained 30 points, or 0.95 per cent, at 3,184.5, while the broader All Ordinaries rose 21.5 points, or 0.69 per cent, to 3,143.2.

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Australian Market Report of March 10: No Exciting News to Lift the Market

🕔3/10/2009 1:00:55 PM

Yesterday the Australian market ended slightly higher. The big miners such as BHP Billiton and Rio Tinto pushed the market up despite falls in the banking and finance sector, according to CMC Markets. The benchmark S&P/ASX200 index was up 9 points, or 0.29 per cent, at 3154.5, while the broader All Ordinaries index rose 10 points to 3121.7. Today the big miners are not likely to help the market up after the falls of commodities prices and lacking positive news from the US.

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Australian Market Report of March 9: Following Small Gains on Wall Street

🕔3/9/2009 1:00:16 PM

Australian shares closed lower on Friday. The Australian market sunk further into the red and languished in negative territory amidst gloomy economic news from here and overseas, according to CMC Markets.

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Australian Market Report of March 6: China's Stimulus Not Delivered

🕔3/6/2009 1:00:33 PM

Yesterday the Australian market closed higher led by resources sector as Chinese Premier Wen Jiabao said the Chinese government will increase spending to boost the economy and achieve an 8% growth target this year. It raised the expectations that China's stimulus measures will prompt the demand for resources. The benchmark S&P/ASX200 index was up 22.1 points, or 0.7 per cent, to 3,188.5, while the broader All Ordinaries index rose 22.9 points, or 0.73 per cent, to 3,148.8.

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Australian Market Report of March 5: Good Leads from China and the US

🕔3/5/2009 1:00:21 PM

Yesterday the Australia market stayed on the red for the third consecutive day. Both the Aussie dollar and the S&P 200 Index fell lower on the news of the latest GDP figures. The benchmark S&P/ASX200 index ended down 1.6%, or 52.8 points, at 3166.4, while the All Ordinaries index loses 1.4%, or 45.5 points, at 3125.9.

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Australian Market Report of March 4: Immunity to Unfavorable News

🕔3/4/2009 1:00:55 PM

Yesterday the Australian market proved defiant and held its ground despite massive falls in the US, according to CMC Markets. Interestingly, the share market didn't react too much to the interest rate decision.

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