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Economics

Market Wrap

AAP  |  WEDNESDAY, 30 NOV 2011
The Australian share market had moved into positive territory by noon as bank shares recovered from a weak opening.

S&P downgrades US bank ratings

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
Standard & Poor's has downgraded the ratings of major US banks, including Goldman Sachs, Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley and Bank of America, by one notch.

Half-filled empty glass

BENJAMIN ONG  |  WEDNESDAY, 30 NOV 2011
Just as we've been witnesses to the destructive force of "negative thoughts" as it became self-perpetuating, "good thoughts" could set in train a virtuous cycle.

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 NOV 2011
The Australian market looks set to open lower, following mixed movements on Wall Street but a higher close on European markets despite Italy being forced to pay record rates at a bond auction and intense pressure on eurozone finance ministers to avert ...

Treasury predicts growth, $20b revenue loss

CLAIRE MCGREAL  |  TUESDAY, 29 NOV 2011
The 2011 12 Mid-Year Economic and Fiscal Outlook (MYEFO) released today forecasts solid economic growth, low debt and a return to surplus in 2012 13, despite a significant deterioration in global conditions in recent months, cutting $20 billion from ...

Market Wrap

AAP  |  TUESDAY, 29 NOV 2011
Australian shares have posted modest gains after strong rises overseas due to a positive retail performance in the United States and hopes of developments on Europe's debt crisis.

Worry me not

BENJAMIN ONG  |  TUESDAY, 29 NOV 2011
There's a laundry list of reports out last night that should have made financial markets wobble, yet... what we got was a strong performance out of Wall Street and a terrific showing in Europe.

Market Wrap - Morning

AAP  |  TUESDAY, 29 NOV 2011
The Australian share market is set to continue its rally as world markets rose overnight on hopes of progress on Europe's debt crisis.

Market Wrap - Midday

AAP  |  MONDAY, 28 NOV 2011
Australian shares gained more than 1.5 per cent, snapping six days of losses, with investor sentiment boosted by a stronger than expected start to the Christmas retail period in the United States.

Market Wrap - Morning

AAP  |  MONDAY, 28 NOV 2011
The Australian market looks set to open lower following negative movements on international bourses after a weak sale of German 'gold standard' bonds stoked concerns that no one can be safe from the deepening eurozone debtcrisis.