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| | | The Australian stock market opened higher after gains from the financials following a positive lead from Wall Street overnight. At 1010 AEDT the benchmark S&P/ASX200 was 27.7 points higher at 3482.6, while the broader All Ordinaries gained 23.7 points ... |
| | | | ... its half year results. On Tuesday, bank stocks drove Australian shares to the highest close in a month after gains in financials overseas showed some confidence in the troubled sector was returning. The benchmark S&P/ASX200 index gained 103.5 points ... |
| | | | ... which managers to use as a core for the investment strategy is more difficult this time around, he said. "For instance financials are a big sector in Australia and usually lead the upturn-will it happen this time? Or are they going to lag longer since ... |
| | | | ... around 1.5 per cent lower at noon ahead of the Reserve Bank of Australia's interest rate decision, after diversified financials and transport stocks helped the market claw back some lost ground. At 1200 AEDT, the benchmark S&P/ASX200 index was down 49.4 ... |
| | | | ... first time since October 28, 1997, and then below 6,900 for the first time since May 1, 1997. Investors are fleeing financials after the government said it would give AIG another $US30 billion in loans, besides the $US150 billion it has already injected ... |
| | | | ... cash products that are now yielding around eight per cent, most of the securities are investment grade and most are financials," he said. "We're still in a uncertain environment so you still want to have a conservative approach to what you're doing but ... |
| | | | ... helped by weak earnings reports and record unemployment claims from the US overnight. "We saw big jumps in materials and financials stocks this week and we had to see profit-taking coming in sooner rather than later," Mr Potter said. "That's what we ... |
| | | | ... to $18.62, ANZ had advanced 12 cents to $13.33 and Westpac had jumped 19 cents, or 1.22 per cent, to $15.78. "Local financials are recovering from heavy losses last week, a continuation of the same theme out of the US," CMC Markets senior dealer Dominic ... |
| | | | ... materials sector was the worst performer on the local bourse followed by consumer discretionaries, industrials and financials. "It's pretty ugly," Mr Potter said. "We're in the depths of a bear market and no-one knows when it is going to stop. "The materials ... |
| | | | The Australian share market was slightly higher at noon, buoyed by a modest recovery in the financials sector and following gains on Wall Street. At 1215 AEDT, the benchmark S&P/ASX200 index was firmer by 16.7 points or 0.49 per cent at 3459.5, while ... |
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