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Afternoon market wrap: Stronger dollar hurts stocks, lifts bonds

The strengthening Australian dollar left the Australian share market weaker today, with major resource stocks leading the way down. The benchmark S&P/ASX 200 index closed 33.2 points weaker at 3266.3. The dip in the Australian market followed strong ...

Midday Market Wrap: Dollar and bonds stronger

The Australian dollar was stronger at noon, above 70 US cents as a host of international and domestic factors support its strength. At 1200 AEST the Australian dollar was trading at $US0.7053/59 compared with yesterday's close of 0.7005/10. It had traded ...

Morning Market Wrap: Dollar still up; Wall Street slow

The Australian dollar opened stronger today after reaching a high of $US0.7075 overnight on the back of a weaker United States dollar. At 0700 AEST the Australian dollar was trading at $US0.7047/52 compared with yesterday's close of 0.7005/10. It reached ...

Afternoon Market Wrap: Market low on anticipated Wall Street losses

The Australian sharemarket closed lower today, weighed down by the anticipation of losses on Wall Street tonight. After holding firm across the morning session, the local bourse eased off in the afternoon, succumbing to pressure from a weaker News Corp ...

Midday Market Wrap: No market effect from low CPI data

The Australian dollar was stronger at noon, remaining close to the $US0.7000 level it reached in overnight trade but not moving higher. At 1200 AEST the Australian dollar was trading at $US0.6988/93 compared with yesterday's close of 0.6939/44. Commonwealth ...

Morning Market Wrap: Dollar breaks $US0.7000

The Australian dollar opened stronger today, bursting through the $US0.7000 for the first time since November 1997, driven by a weaker US dollar and talk of a free trade agreement between Australia and China. At 0700 AEST the Australian dollar was trading ...

Afternoon market wrap: Australian shares close at new highs

The Australian stock market bounced back into positive territory to hit a fresh 16-month high today amid a mixed performance by blue chip stocks. Market heavyweights News Corp and National Australia Bank pushed higher while Telstra and Cochlear suffered ...

Strong business investment to peak by mid-2004: Westpac economist

Strong business investment is expected to continue and peak towards the middle of next year, driven primarily by strong domestic demand for housing and consumer goods. In an exclusive interview with the Financial Standard, Justin Smirk, senior economist ...

Midday Market Wrap: Dollar weak; bonds strong

The Australian dollar was fractionally weaker at noon but had travelled in an upwards trajectory in local trade after being knocked lower by a broadly stronger United States currency overnight. At 1200 AEST the Australian dollar was trading at $US0.6932/36 ...

NAB confirms discussions with ACCC over AMP takeover

AAP  |  TUESDAY, 21 OCT 2003
National Australia Bank Ltd has reportedly held preliminary discussions with the national competition watchdog regarding a takeover of AMP Ltd and believes it could be allowed to proceed. NAB chief executive Frank Cicutto told the Australian Financial ...