Thursday, 18 August 2011 13:36
Posted by Syed Murtaza Gheblehzadeh
MELBOURNE: Australian stocks fell 1.2 percent on Thursday as miners and energy firms sank on softer copper and oil prices, and banks recoiled in a cautious session ahead of clues to economic strength in the United States.
US consumer prices, existing home sales and regional manufacturing data will be closely watched later on Thursday as investors around the globe gauge whether the world's largest economy is headed for recession.
"Investors are cautious about the outlook for ...
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MELBOURNE: Australian stocks rose 1 percent on Tuesday after a firmer finish on Wall Street encouraged investors to cherry pick some beaten-down stocks.
Foster's Group rose 0.4 percent to A$4.92 after reporting an 8.7 percent fall in underlying profit and flagged a A$500 million capital return as it battles a $10 billion hostile offer from global brewer SABMiller .
Origin Energy climbed 2.3 percent after reporting underlying profit in line with analysts' forecasts.
The underlying S&P/ASX 200 index rose 45.54 points to 4,127.8. The benchmark slipped 0.5 percent on Monday.
New Zealand's benchmark NZX 50 index inched up 0.1 percent to 3,277.78 points in early trade.
Copyright Reuters, 2011
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SYDNEY: Australian stocks closed 0.48 percent lower Monday after trading in positive territory for much of the session in what analysts said was a classic battle between bulls and bears.
At the close, the benchmark S&P/ASX 200 was 19.6 points down at 4,082.3, following falls in the United States and Europe to end last week.
The index had earlier been up more than one percent on strong earnings reports and takeover announcements.
"Today's skittish price action is evidence ...
MELBOURNE: Australian stocks were flat in early trade on Monday despite global concerns, shored up by better-than-expected results and a buyback from packaging group Amcor and talk of a potential bidding war for Macarthur Coal.
Amcor was the biggest gainer in the top 200 stocks, surging 7 percent.
The benchmark S&P/ASX 200 index lost just 1.5 points to 4,100.5 as of 0012 GMT.
New Zealand's benchmark NZX 50 index lost 2.7 points to 3,265.1.
BlueScope Steel , which is ...
SYDNEY: Australian stocks slumped 3.51 percent on Friday with broad-based losses on new fears that Europe and the United States are sinking into recession.
At the close, the benchmark S&P/ASX 200 was down 149.3 points at 4,101.9 on the back of the Dow Jones Industrial Average falling 3.7 percent overnight, with the carnage even worse in Europe.
"Given the bloodbath seen across global equity markets overnight it is not at all surprising to see our market experiencing ...
SYDNEY: Australian stocks fell 2.6 percent on Thursday morning, with the big banks and miners losing ground on renewed fears of a US recession and concerns about the health of Europe's banks.
Global stocks were hammered overnight with new worries about European banks and a poor report on regional US manufacturing sending the Dow down 3.7 percent.
"You wouldn't have to be a fortune teller to know that our market was going to be down today after ...
MELBOURNE: Australian stocks fell 1.2 percent on Thursday as miners and energy firms sank on softer copper and oil prices, and banks recoiled in a cautious session ahead of clues to economic strength in the United States.
US consumer prices, existing home sales and regional manufacturing data will be closely watched later on Thursday as investors around the globe gauge whether the world's largest economy is headed for recession.
"Investors are cautious about the outlook for ...
SYDNEY: Australian stocks opened 0.20 percent lower on Thursday following mixed performances on American and European markets overnight.
At 10:15 am (0015 GMT), the benchmark S&P/ASX 200 was down 7.7 points at 4,296.2.
The Australian dollar was firmer at 105.46 US cents, up from 104.78 US cents on Wednesday.
Copyright AFP (Agence France-Presse), 2011
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