Following a lead from Wall St, Australian shares rallied more than three per cent today. The S&P/ASX 200 advanced 129.6 points or 3.47 per cent to 3867.1. The All Ords gained 120.8 points or 3.23 per cent to 3858.8. Shane Oliver, head of investment strategy at AMP Capital Investors told Reuters that volumes are thin […]

A banking analyst in the US, Meredith Whitney, says she thinks banks will report better than expected, and that the shares in the banks she covers may make at least a short-term gain of 15 per cent. 

Australian stocks rallied more than two per cent this morning. The S&P/ASX 200 gained 93 points or 2.49 per cent to 3830.5. The All Ords rose 86.9 or 2.32 per cent to 3824.9. Update: Shane Oliver, head of investment strategy at AMP Capital Investors told Reuters that volumes are thin and gains are not as […]

US stocks rallied more than two per cent overnight following positive comments from an analyst on the performance of the financial sector. The Dow was up 185.16 points or 2.27 per cent to 8331.68. The Nasdaq gained 37.18 points or 2.12 per cent to 1793.21. The S&P 500 rose 21.92 points or 2.49 per cent […]

Australian shares closed the day lower, with US stocks finishing mixed on Friday and further company earnings reports this week. The S&P/ASX 200 fell 56.6 points or 1.49 per cent to 3737.5. The All Ords lost 52.6 points or 1.39 per cent to 3738. All industry sectors were lower, except utilities, which put on 1.8 […]

According to a US Department of Commerce report on Friday, the US trade deficit narrowed unexpectedly in May. The gap between exports and imports decreased to US$26 billion, which is the lowest it has been since November 1999. The April trade deficit was lowered from US$29.2 billion to US$28.8 billion.

Australian shares were down around midday as markets in the US finished mixed on Friday. The S&P/ASX 200 was 21.8 points or 0.57 per cent lower to 3772.3, and the All Ords fell 18 points or 0.47 per cent to 3772.6. By industry sector, materials were down 48.6 points or 0.51 per cent and financials […]

Stocks in the US closed mixed over the weekend, and a survey of consumer sentiment in the US came in lower than the previous month. The Dow lost 36.65 points or 0.45 per cent to 8416.52. The Nasdaq gained 3.48 points or 0.2 per cent to 1756.03. The S&P 500 lost 3.55 points or 0.4 […]

Australian stocks closed higher as Wall St headed up overnight. The ASX/S&P 200 was 30.8 points or 0.82 per cent higher to 3794.1. The All Ords rose 29.2 points or 0.78 per cent to 3790.6. All industry sectors were up at close. Energy rose 28 points or 0.21 per cent, industrials put on 25.9 points […]

GM has been given the go ahead to sell most of its assets to a new company, and leave bankruptcy protection. The US Government will loan the automaker up to $50 billion in order to save around 88,000 jobs. 

Australian stocks were higher around midday as US markets edged up overnight. The S&P/ASX 200 was 8.7 or 0.23 per cent higher at 3772.0. The All Ords rose 8.9 points or 0.24 per cent to 3770.3. By industry sector, energy, industrials and financials were all up. Information technology and utilities were lower. Mining company BHP […]

US stocks closed slightly higher overnight. The Dow was up 4.76 points or 0.06 per cent to 8183.17. The Nasdaq rose 5.38 points or 0.31 per cent to 1752.55. The S&P 500 was 3.12 points or 0.35 per cent higher to 882.68. Seasonally adjusted initial claims for unemployment insurance in the US for the week […]