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Reserve Bank keeps interest rates on hold

The Reserve Bank of Australia (RBA) today decided to leave interest rates unchanged at 4.75 per cent, in line with expectations. Data released yesterday by the Australian Bureau of Statisitics showing a slowdown in the housing construction market and ...

Afternoon market wrap: All Ordinaries runs out of steam

The All Ordinaries index was pegged back in afternoon trade as the market gave up most of the morning session's gains. The index finished at 2847.40 points, virtually unchanged from yesterday's close. News Corp was again a strong performer, climbing ...

Morning market wrap: Bears back in control

Yesterday's heavy sell-off in Asia continued firstly in the UK and then in the US as the economic impact of war continued to unsettle the markets. US investors were also shaken by the release of economic data indicating a decline in business confidence ...

Morning market wrap: Uncertainty plays on investor minds

As the prospect of a quick win in Iraq fades, investors react with uncertainty and have been non-committal as trading volume was down significantly in Wall Street. US President George W. Bush and his UK counterpart Tony Blair have said that the war ...

Morning market wrap: UK up, US down as uncertainty reigns

The confusion created by conflict was perfectly illustrated in New York and London yesterday as headline-driven, choppy trading saw one index finish higher while the other moved in the opposite direction. As the US raised its terrorist alert rating ...

Afternoon market wrap: All Ordinaries fights back

The All Ordinaries index staged something of an afternoon rally to finish just 3.40 points lower following a weaker morning session. The big banks, seen as relatively safe havens by equity investors in uncertain times, again led the way. Commonwealth ...

AMP gets $100,000 slap on the wrist from ASIC

AMP has agreed to fund a $100,000 corporate disclosure program in the wake of an Australian Securities and Investments Commission (ASIC) investigation into announcements the insurance and financial services giant made to the market between July 29 and ...

Morning market wrap: Uncertainty the only certainty

Shares in the UK and US clawed back some of Monday's sharp losses, although the volatility of the market over the past three trading days is an indication of divided market sentiment and sensitivity to reports coming out of Iraq. The Dow Jones rose ...

Midday market wrap: All Ordinaries rises, banks lead the charge

The All Ordinaries index continued where it left off yesterday afternoon, rising by 25 points in the morning session, mirroring gains across global share indices. The big banks were again the driving force as investors sought the refuge of stability ...

Midday Market Wrap: All Ordinaries gains ground

The All Ordinaries gained some positive territory today as the markets followed the events in Iraq closely. The major international markets were slightly stronger yesterday, while at home winemaker BRL Hardy's share price rose $0.02 to $10.45 following ...