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| | | ... and been on a downward trajectory in recent days, led by a correction in major banking stocks. IG market strategist Stan Shamu said investors appeared to have been given a psychological boost from that correction, returning to the banks. "The market ... |
| | | | ... there is some sort of movement out of banks, which have been strong outperformers all year round," IG market strategist Stan Shamu told AAP. "Today they are mildly weaker so perhaps that is what we're seeing unfolding heading into the end of the year." ... |
| | | | Australian stocks have opened higher following a solid night on global equity markets. IG market strategist Stan Shamu said the local market was taking its lead from Wall Street, which received a boost from positive US consumer confidence and employment ... |
| | | | ... Australia's largest trading partner, had been expected to push the Australian sharemarket up. IG market strategist Stan Shamu said people were still trying to digest what the 60-point plan out of China's third plenum meant. Among the reforms were a relaxing ... |
| | | | ... so far and, overall, it looks destined for a little bit of pullback heading into the weekend," IG market strategist Stan Shamu said. Among the local banks, Westpac was down 90 cents, or 2.6 per cent, to $33.23 after it paid out its final dividend, which ... |
| | | | ... stock market has opened weaker ahead of the release of October's official employment figures. IG market strategist Stan Shamu said the local market had been weighed down by two of the big four banks, ANZ and National Australia Bank, going ex-dividend. ... |
| | | | ... stays in play for now, predictions for tapering have jumped forward several months to January. IG market strategist Stan Shamu said the fact that the Fed had not ruled out tapering by the end of the year had sent equity markets down. "That language certainly ... |
| | | | ... agreement, and has been trading at five and a half year highs with stocks approaching record levels. IG market strategist Stan Shamu said that without a proper catalyst to keep the momentum going it was hard to see the gains continue. "We are just seeing ... |
| | | | ... board, there is real optimism and positive sentiment with the (US) S&P 500 striking a new record," IG market strategist Stan Shamu told AAP. The broad-based S&P 500 increased 7.70 (0.44 per cent) to 1,759.77. Locally, the major banks, which represent ... |
| | | | ... Reserve would delay easing its $US85 billion-a-month bond buying program until early next year. IG market strategist Stan Shamu said the Australian market was responding to the jobs data. "We're really now at that stage where the market is very stimulus-dependent. ... |
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