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Midday Market Wrap: Investors return to banking after RBA interest rate hold

... to maintain interest rates saw investors return to the banking sector. Macquarie Equities analyst Lucinda Chan said the banks were up slightly with good volumes. Meanwhile strength among resource stocks offset falls by larger companies impacted by the ...

Homeowners wait on Reserve Bank decision this morning

AAP  |  WEDNESDAY, 8 OCT 2003
... due to the strengthening Australian dollar. An interest rate rise would put even further pressure on the dollar, with most banks and forecasters tipping the dollar to break the US70 cents mark by year's end. Jobs figures out later this week are expected ...

RBA expected to hold rates, but hikes will come

... John Edwards said a surprise rate hike would act as a cold shower for the overheated Australian housing market. "Central banks more and more are recognising that a lot of the value (of an interest rate hike) is in the announcement effect rather than ...

Morning Market Wrap: Busy day expected; Dollar bounces overnight

... down 3.9 points at 4270.1. In TOKYO, Japan's TOPIX share index rose for a fifth straight session, helped by buying of big banks after Morgan Stanley upgraded the sector, while some auto and tech shares rose following a rally on Wall Street. The Nikkei ...

Afternoon Market Wrap: Quiet end to ASX week

... competitor Bayer AG said it planned to sell most of its blood products operations. "When the growth bias is in this market, the banks are the sector that people use for liquidity," Mr Gardner said. "Stock comes out of the banks when people are buying ...

Morning market wrap: US stocks make further gains

... (0.2%) to 1,836.2. Following a 39.9 point gain overnight, London's FTSE 100 has added almost 120 points in two days. Led by banks, drug and technology bellwethers, the index closed last night at 4,209.1. US Treasuries were a little weaker after initial ...

Midday Market Wrap: Wall Street encourages Australian shares; dollar strong

The Australian share market, led by the banks, media and miners, continued to move higher to noon, encouraged by the solid rise on Wall Street overnight. The benchmark S&P/ASX 200 index improved 27.8 points to 3187.0 while the all ordinaries added 27.6 ...

ANZ Bank gets thumbs down from NZ customers again

... or very good compared with 88 per cent of people who used the National Bank, which was the best of the country's top five banks. But the big banks were all outclassed again by the provincial-based Taranaki Savings Bank (TSB), which won 95 per cent approval ...

Afternoon market wrap: All Ordinaries close higher, Tower shares rise

... United States market pulled out of a temporary slump but analysts said the local bourse lacked real zip and direction. Major banks and resources stocks were mixed, News Corp was down and Telstra was up. "It's been fairly unexciting - there's been no ...

ABN Amro $1 billion MTN issue may be first of many

... $500 million, he said. Mr Coleman said the issue had been in such high demand because of a dearth of other major global banks offering AA rated fixed interest products in the domestic marketplace. He said 55 per cent of take-up came from offshore and ...