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General

Intersuisse says biotechs performing best since 2000

AAP  |  TUESDAY, 6 JUL 2004
Australian biotechnology stocks were performing at their best since the technology boom of 2000, brokerage Intersuisse said today.

Market wrap

AAP  |  TUESDAY, 6 JUL 2004
Trade on the Australian share market should remain fairly light today without a lead from Wall Street which was shut for the Independence Day holiday.

SFE to launch new range of international bond spread futures

The Sydney Futures Exchange (SFE) will launch a range of international bond spread futures, making it possible for the first time to trade cross-border bond spreads as one price, in one market at one time.

Market wrap

The Australian sharemarket will be under pressure from the open this morning, after all major US share price indices closed softer on Friday.

Bank stocks plunge after US rate rise

AAP  |  FRIDAY, 2 JUL 2004
Bank stocks plunged yesterday after a rate rise in the United States stoked fears the same could follow here and curb the sector's growth

Market wrap

AAP  |  FRIDAY, 2 JUL 2004
The Australian market is expected to head backwards at the end week as US markets all surrendered about 1% overnight and other offshore markets were also weak

Bumper year for ASX

The Australian Stock Exchange released its financial year-end statistics yesterday, recording an annual 16.8% increase in the value of the benchmark S&P/ASX-200 and a 17.7% increase in the smaller All Ordinaries index.

Market wrap

AAP  |  THURSDAY, 1 JUL 2004
The Australian stockmarket is expected to open firmer to begin the new trading year, with US stocks finishing higher overnight following the US Federal Reserve's decision to lift interest rates by 25 basis points to 1.25%.

Challenger rallies as Lowy investment emerges

AAP  |  WEDNESDAY, 30 JUN 2004
Shares in Challenger Financial Services Group surged yesterday after another high profile business figure emerged as a major stakeholder

Market wrap

AAP  |  WEDNESDAY, 30 JUN 2004
The Australian stockmarket is expected to open higher on the last trading day of the financial year as a bid tone from the US market flows through to the local bourse.