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| | | The Australian share market was over two per cent lower at noon, led by the banks, after US stocks dropped overnight on renewed concerns about the economy. At 1200 AEST, the benchmark S&P/ASX200 was down 102.9 points, or 2.07 per cent, to 4,876.6, while ... |
| | | | ... continues in Perth. Yesterday, the Australian share market closed weaker across the board as the big miners and most of the banks fell. All of the large sectors were hit, but the major laggards included utilities, metals and mining, energy, materials ... |
| | | | ... sound performance in the market," he said. "In general terms, there have been gains across the board, with the insurers and banks benefiting, and industrials generally are quite strong." QBE Insurance was leading the way, gaining 95 cents, or 4.08 per ... |
| | | | ... 4.3 per cent and jobs continue to grow at a 2.4 per cent pace per annum. But the markets have placed their bets and some banks have even pre-empted today's widely expected rate cut. Will the RBA deliver a rate cut today? We will all find out at 2:30. ... |
| | | | ... Sydney Futures Exchange, the September share price index contract lost 36 points to 5,108 on volume of 9,383 contracts. The banks were unpopular again with Commonwealth Bank of Australia down 19 cents to $42.21, while now second-ranked commercial bank ... |
| | | | This Week's Market Movers (1 - 5 Sep 2008) Four of the world's major central banks will hold monetary policy meetings this week. The Reserve Bank of Australia (RBA), The Bank of Canada (BoC), the Bank of England (BoE) and the European Central Bank (ECB) ... |
| | | | ... the September share price index contract was 70 points higher to 5,131 on volume of 12,276 contracts. At 1210 AEST, the banks were back in favour, with Commonwealth Bank of Australia up $1.41, or 3.43 per cent to $42.51, while now second-ranked commercial ... |
| | | | ... ABN Amro private client adviser Bill Bishop said there had been broad gains in local equities during morning trade. "The banks are up and the resources are leading the charge," he said. "We had quite a reasonable lead from the US overnight." "There is ... |
| | | | ... than financial." European Central Bank Governing Council member Yves Mersch hinted at new funding pressures for European banks, commenting that the ECB will announce changes to the rules pertaining to its money market operations that will tighten collateral ... |
| | | | ... said. "Ours is behaving in a similar way; we're actually looking okay," he said. "It's been led mainly by the resources. The banks were lagging and now the banks have picked up." Mr Bishop noted fund manager Babcock and Brown was down another 6.76 per ... |
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