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| | | ... where the powers that be will take [the ban] off but I don't think its really hindered us, if anything a lot of those financials are so beaten up that you wouldn't want to short them anyway," he said. |
| | | | ... resources and energy shares were down, he said. "It certainly appears there is a bit of a rotation from resources into the financials again today. Banks and insurers and fund managers are all up. "The weakness is really in the energy and resources." ... |
| | | | 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 ... |
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