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| | | ... suggest that we may have seen a bottom in financials, and that's the particular driver of the market at the moment." The big banks were the order of the day with Commonwealth Bank of Australia revealing it had entered exclusive talks to acquire the local ... |
| | | | ... following modest losses on Wall Street overnight, and as investors digested differing broker earnings outlooks for the big banks. At 1200 AEST the benchmark S&P/ASX200 index was down 54.9 points, or 1.1 per cent, to 4956 while the broader All Ordinaries ... |
| | | | ... market zoomed 3.5 per cent higher to post its biggest single-day rise in almost four months as bargain hunters snapped up banks, property trusts and miners. The benchmark S&P/ASX200 index jumped 171.4 points, or 3.54 per cent, to 5,011.8 and the broader ... |
| | | | ... Michael Heffernan said. "Everyone's a lot happier today. The US had a run of three days of pretty good performances and the banks are just galloping. "So too the property trusts, but Wesfarmers is up around five per cent and even Virgin Blue and Asciano ... |
| | | | ... Australian share market closed in positive territory yesterday for the second consecutive day after strong gains from the banks. At the close, the benchmark S&P/ASX200 index was 30.4 points, or 0.62 per cent, higher at 4901, while the broader All Ordinaries ... |
| | | | ... financial stocks had fully worked its way through. "All that's on the back of what's happening in the US," Mr Sekely said. "The banks improved yesterday and have gone on with the job. "The mining sector is weak - BHP, Rio and even Woodside are all lower ... |
| | | | ... financial jitters to close solidly yesterday as retailer Woolworths reported good sales and bargain hunters snapped up the big banks and other beaten-down stocks. The benchmark S&P/ASX200 index added 54.9 points, or 1.14 per cent, at 4870.6, and the ... |
| | | | ... consumer purchase processes for new products and services." Gartner said, instead of developing a social banking platform, banks should partner with financial social networks and assist the networks in transaction processing and risk management. |
| | | | ... last 13 June 2008. However, it is unlikely that the RBA will raise rates in the near term, especially given that Australian banks have raised lending rates by more than the rise in official cash rates, effectively reducing the pressure on the RBA. |
| | | | ... cent on Tuesday as the Dow Jones blue-chip index hit a two-year low with sentiment weighed down by the financial woes of US banks and finance firms. Trading remained volatile as financial sector as investors lost confidence in a government rescue package ... |
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