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Economics

Going nowhere fast

BENJAMIN ONG  |  THURSDAY, 17 JUN 2010
The problem is that the deluge of information had been the same as they always were for several months now. There's the good, the bad and the rumours. In essence, all confirm a bull market, all confirm a bear market and all confirm a consolidation.

Market Wrap - Morning

AAP  |  THURSDAY, 17 JUN 2010
The Australian share market is set to open slightly higher on Thursday as BP's agreement on a $US20 billion fund for victims of the United States oil spill lifted Wall Street to a modest gain.

Market Wrap - Midday

AAP  |  WEDNESDAY, 16 JUN 2010
Australian stocks rose to the highest level in a month by noon, as the banks and large miners gained, after US stocks and commodity prices rose overnight.

Toot those Vuvuzelas

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2010
It's all in the spin and underscores the financial press' predilection to conjure rationales based on the market's performance and not the other way around.

Market Wrap - Morning

AAP  |  WEDNESDAY, 16 JUN 2010
The Australian share market is set for a strong opening after Wall Street posted its highest close in nearly a month on stronger industrial and technology stocks.

Market Wrap - Midday

AAP  |  TUESDAY, 15 JUN 2010
The Australian share market was lower at noon, with losses in the resources and energy stocks dominating share movements.

Market Wrap - Morning

AAP  |  TUESDAY, 15 JUN 2010
The Australian share market appears set for a flat start following its long weekend as a late fall on Wall Street overnight offset gains in Europe and Asia.

Moody's cries boo

BENJAMIN ONG  |  TUESDAY, 15 JUN 2010
Even if we take for granted that credit rating agencies still have a speck of credibility in them, was there anything new with Moody's announcement?

Market Wrap - Midday

AAP  |  FRIDAY, 11 JUN 2010
The Australian share market remained higher at noon as investors followed positive offshore leads rather than focus on ongoing concerns about the resources tax and European debt.

Mood change

BENJAMIN ONG  |  FRIDAY, 11 JUN 2010
The point is there was really nothing new in all the stats and stories that came out last night. They could have easily been spun negatively. It's just that the markets may have had a mood change last night.