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| | ... odds acting against us overnight with the IMF report and a bit of a wishy-washy performance in the United States," Mr Heffernan said. "It is interesting to see the resources stocks are very strong," he said. He thought investors had focused on the potential ... |
| | | ... know you're going to be up, but the magnitude isn't the same and we've run out of a bit of steam at the moment." Mr Heffernan said the banks, led by Macquarie Group, had contributed most to market gains. Macquarie rose 84 per cent, or 2.8 per cent, to ... |
| | | ... US, close to three per cent, declining only 1.5-1.7 per cent is a pretty workman-like performance, I would think," Mr Heffernan said. Local resources stocks were trading mixed with BHP Billiton down 56 cents to $32.14 at 1205 AEST, a fall of 1.71 per ... |
| | | ... their capital raising - of course they went down about eight per cent, which is what the other banks did yesterday," Mr Heffernan said. Commonwealth Bank will place $750 million of shares with Merrill Lynch and use the proceeds to redeem its PERLS II ... |
| | | ... Federal Reserve's half-point interest rate cut. "It's been a really positive day today, which is really great to see," Mr Heffernan said. "Very strong commodity prices overnight have really set a fire under our resources stocks, and so they're the ones ... |
| | | ... shows it wasn't going to drop as much (as expected), so it's almost like a knee-jerk reaction to whatever they do," Mr Heffernan said. "(The banks) are the key driver. Other than that our resources stocks are doing alright, but the banks are getting ... |
| | | ... the local bourse today. "Given such a strong decline on Wall Street, you are going to get declines in our market," Mr Heffernan said. "That is precisely what has happened." "We will probably finish in the red today, maybe something over one to one-and-a-half ... |
| | | ... last night but the commodities market was very positive and I think that's why BHP and Rio are doing so well today," Mr Heffernan said. "The banks are a bit wishy-washy but they're not doing too bad." The financial sector was with Commonwealth Bank of ... |
| | | ... commodities were a bit mixed. "When you get that type of wishy-washy type lead, you're not going to get much action here." Mr Heffernan said the banks had retreated from their strong bounce of the last few days. "That's not unexpected given the very ... |
| | | ... what it also means is that the Reserve Bank will be encouraged to ease interest rates sooner rather than later," Mr Heffernan said. Mining giant BHP Billiton increased 94 cents, or 2.39 per cent, to $40.20, takeover target Rio Tinto added $2.75, or 2.26 ... |
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