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Economics

Elusive 10K

BENJAMIN ONG  |  TUESDAY, 27 OCT 2009
The Dow's hold on that elusive 10K-point mark remains elusive. Perhaps it is the consensus' way of affirming that, indeed, the market has run ahead of itself.

Market Wrap - Morning

AAP  |  TUESDAY, 27 OCT 2009
The Australian sharemarket is expected to open lower on Tuesday after Wall Street fell due to the impact of a stronger US dollar on multinational and resource companies.

Market Wrap - Midday

AAP  |  MONDAY, 26 OCT 2009
The Australian share market declined half a per cent by noon, after a slump in US markets on Friday and as investors judge the recent run up to have gone far enough for now.

Pushing on a string

BENJAMIN ONG  |  MONDAY, 26 OCT 2009
After promises of about £1,000,000,000,000 in fiscal and monetary stimulus and banking support -- including a £175,000,000,000 (US$286 billion) bond purchase program implemented only seven months ago - the UK economy has gone nowhere fast.

Market Wrap - Morning

AAP  |  MONDAY, 26 OCT 2009
The Australian sharemarket is expected to open lower after US markets fell one per cent on Friday as investors booked profits following a busy week for company earnings reports.

Market Wrap - Midday

AAP  |  FRIDAY, 23 OCT 2009
The Australian sharemarket was one per cent higher at noon, boosted by news Wesfarmers-owned Coles had gained an upper-hand over rival Woolworths.

What China wants China gets

BENJAMIN ONG  |  FRIDAY, 23 OCT 2009
"I want 8.0 per cent or better economic growth this year!" When the Chinese central government issues this request, its subjects only ask, "do you want fries with that?"

Market Wrap - Morning

AAP  |  FRIDAY, 23 OCT 2009
The Australian share market is expected to open stronger on Friday after financial stocks propelled Wall Street higher overnight.

Market Wrap - Midday

AAP  |  THURSDAY, 22 OCT 2009
The Australian share market was flat at noon as strength in resources stocks helped the market claw back losses in early trading.

Sucked in

BENJAMIN ONG  |  THURSDAY, 22 OCT 2009
As the Dow Jones Industrials Index flips and flops on both side of the 10K divide, talk of a 'sucker's rally' have resurfaced. But it could also easily be a 'sucker's correction.'