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Economics

Some Needed Good News

BENJAMIN ONG  |  WEDNESDAY, 30 JUL 2008
The Australian equity market could get a breather today supported by a strong lead from Wall Street overnight.

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 JUL 2008
The Australian stock market is expected to pull back yesterday's steep losses after Wall St was buoyed by a drop in the oil price and positive consumer confidence data.

Market Wrap - Midday

AAP  |  TUESDAY, 29 JUL 2008
The Australian stock market was down 1.6 per cent at noon, dragged down by the banks and after a disappointing lead from the US overnight.

Who's next to confess?

BENJAMIN ONG  |  TUESDAY, 29 JUL 2008
The global credit squeeze and housing woes in the US continue to bite. The NAB and the ANZ have confessed, who's next?

Market Wrap - Morning

AAP  |  TUESDAY, 29 JUL 2008
The Australian stock market is expected to open sharply lower after Wall St fell two per cent on predictions the worst of the housing crisis was yet to come. On the Sydney Futures exchange, the September share price index futures contract dropped 99 ...

Market Wrap - Midday

AAP  |  MONDAY, 28 JUL 2008
The Australian stock market was down over one per cent at noon after ANZ Banking Group Ltd flagged a $1.2 billion provision and forecast its annual earnings to fall by up to a quarter.

This Week's Market Movers (28 Jul - 1 Aug 2008)

BENJAMIN ONG  |  MONDAY, 28 JUL 2008
Domestic financial market activity will remain cautious this week with sentiment precariously balanced between the weekend's positive US economic news and further NAB-like announcements on the fallout of the US subprime mess on its balance sheet.

Market Wrap - Morning

AAP  |  MONDAY, 28 JUL 2008
The Australian stock market is expected to open higher after Wall St rose Friday on better-than-expected manufacturing and housing data.

Market Wrap - Midday

AAP  |  FRIDAY, 25 JUL 2008
The Australian stock market was down about three per cent at noon after National Australia Bank (NAB) reported further losses related to its exposure to complex US mortgage-backed debt securities.

More Weak Indicators

BENJAMIN ONG  |  FRIDAY, 25 JUL 2008
What else is new? Negative indicators on the US economy just keep on coming and business confidence in Europe is falling.