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| | | ... for a seventh consecutive day but unlike the rest of the week was led by cyclical mining stocks instead of high yielding banks. At the close of trade, the benchmark S&P/ASX200 index was up 42 points, or 0.94 per cent, at 4,494.4, while the broader All ... |
| | | | ... commodity prices were were up as well which has resulted in strong moves in the resources space," Mr Walker said. "The major banks are holding their own today too." BHP Billiton was up 27.5 cents to $33.26, Rio Tinto gained 34.5 cents to $54.29 and Fortescue ... |
| | | | ... overweight energy. "We are also overweight transport where we see opportunities for increased productivity and efficiency, and banks which we think remain stable and resilient and which offer strong total returns." After showing strong conviction for ... |
| | | | ... underperformed the MSCI Emerging Markets Index. But not India. Its stock market has outperformed since the first of the major central banks' QE announcement - big time. The Sensex 30 index is up a full 9% to date. This is despite the Asian Development ... |
| | | | ... points, with 6,432 contracts traded. Financial companies were among the best performers at the start of the trading day. "The banks have led the way," Lonsec client adviser Michael Heffernan said. "We are seeing the banks up very strongly indeed." ANZ ... |
| | | | ... and adjustments in Europe and the US since the GFC, currency adjustment would have little effect on a slowdown. While the banks have been facing criticism for not passing on this week's cut, Murray says that the transmission effect is well understood. ... |
| | | | ... Brambles the best-performing stock on the index having risen 1.14 per cent, or eight cents, to $7.08. The four big retail banks, who were yet to announce their response to the RBA move, were all higher. ANZ was up 16 cents at $25.15, CBA had gained nine ... |
| | | | ... December 2010 to raise the quality and level of capital in the global banking system. The new tough rules that will apply to banks in Australia include a stricter approach to regulatory adjustments under which most deductions from capital are to be from ... |
| | | | ... of a merger bid by commodities sector giants Xstrata and Glencore. "It was a nice run for the Europeans after the Spanish banks passed the stress tests," he said. US stocks posted a solid jump, propelled by an unexpected positive reading on manufacturing ... |
| | | | ... per cent from 5.092 per cent. An audit by US financial consultancy Oliver Wyman released ahead of the weekend said Spanish banks needed 59.3 billion euros ($A74 billion) to fix their balance sheets, which have been severely weakened by a property market ... |
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