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| | | ... black at noon following better-than-expected employment data and as the Australian dollar soared to 14 month highs, with banks a stand-out performer. At 1209 AEDT, the benchmark S&P/ASX200 index was up 74.4 points, or 1.58 per cent, at 4770.1 points ... |
| | | | ... There's a bit of profit-taking. "There's no specific domestic news that's affected the market." The major miners and four big banks were struggling. BHP Billiton declined 98 cents, or 2.63 per cent, to $36.22 and Rio Tinto fell $1.65, or 2.8 per cent ... |
| | | | ... half-yearly report that the world economy is recovering from steep recession but the crisis is not over as unemployment rises and banks remain weak, London's FTSE 100 index of leading shares closed 86.09 points, or 1.68 per cent lower, at 5047.81 on ... |
| | | | ... August. Mixed signals such as these would continue for a few months more. What is encouraging is that governments and central banks would not let up until the negatives in the mix all turn positive. The bears were the ones cursed in September. |
| | | | ... 5.06 per cent, to $1.66, while Goodman Group increased three cents, or 4.92 per cent, to 64 cents. Major miners and the banks were lower. ANZ Banking Group declined 29 cents, or 1.17 per cent, to $24.44, National Australia Bank lost 11 cents to $31.11 ... |
| | | | ... strong US lead with the Dow and commodity prices trading higher," Macquarie Private Wealth adviser Helen Spencer said. "The banks are doing exceptionally well and the materials are doing very well. "It's a tick of confidence today as we get the ongoing ... |
| | | | ... season coming up but the market might have run a bit ahead of itself." Mr Leppinus said both the big miners and most of the banks had dragged the market lower. The two mining giants of BHP Billiton and Rio Tinto, together with Australia's big four banks ... |
| | | | ... current indications show that credit markets have returned to normality. The US dollar 3-month LIBOR/OIS spread - a measure of banks' willingness to lend to each other - is back to its historical norm of around 10 basis points. It blew up at a high of ... |
| | | | ... markets. Debt has not been able to go back to sustainable levels because each time a recession or a market crash ensue, central banks and governments intervene. The same is happening now. The bull market will continue while the stimulus packages are ... |
| | | | ... its annual general meeting. On Wednesday, the Australian share market advanced 1.5 per cent to an 11-month high, driven by banks and resources stocks, and the expiry of derivatives contracts. The benchmark S&P/ASX200 index was up 70.4 points, or 1.51 ... |
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