News

As at: Thursday 29/07/2010 09:05 AM

• australian stock market report

  the blue-chip us dow jones index fell for the first time in five days in response to softer-than-expected economic data

• stocks to watch

  stocks to watch on the australian securities exchange on thursday.

• $a lower on us economic growth concerns

  the australian dollar opened lower on thursday as concerns about the recovery in the us economy weighed on financial markets.

• oil prices fall, gold rises

  oil prices fell on wednesday after a huge unexpected jump in crude stockpiles in the united states added to nerves caused by fading consumer confidence.

• australian stocks set to open lower

  the australian stock market is likely to open weaker on thursday after a fall on wall street overnight.

• us stocks fall slightly

  the us stock market edged lower on wednesday on news that orders for big-ticket items sank in june.

• international investing requires overcoming bias for home

  as growth goes global, investors need to follow suit.

• oil prices slide on us inventory data

  oil prices fell after a huge unexpected jump in crude stockpiles in the united states added to nerves caused by fading consumer confidence.

• dollar higher on fed report

  the dollar edged higher against most major currencies on wednesday as us government reports pointed to a slowing economic recovery.

• european shares close mixed

  european share prices closed mixed on wednesday, with london's ftse 100 index of leading shares down 0.86 per cent at 5,319.68 points.

• us stocks fall on weak economic data

  the us stock market edged lower on wednesday on news that orders for big-ticket items sank in june.

• yuan substantially undervalued: imf

  the chinese currency is "substantially" undervalued, a senior imf official says.

• govt too optimistic on iron, coal price

  federal government forecasts of continued strength in iron ore and coal prices are too optimistic, analysts say.

• $a lower on cpi data

  the australian dollar closed almost one us cent weaker, after lower than expected inflation data convinced investors an august rate rise in unlikely.

• market wrap

  across asia, most regional markets are following us leads to be convincingly higher in midday trade.

• aust stocks higher on cpi figures

  better than expected inflation figures have helped turn around australia's stock market, which finished firmer despite a slow start.

• downer shares recover on $2b coal win

  shares in downer edi rose to a two-month high on wednesday after the engineering firm said it secured contracts worth $2 billion.

• stocks to watch

  stocks to watch on the australian securities exchange at close.

• other suitors may trump newcrest: lihir

  takeover target lihir gold says it is still possible another suitor will come in to trump newcrest mining ltd's $9.5 billion bid.

• alesco records another annual loss

  construction, mining and home products provider alesco says it needs to perform better after recording another annual net loss.

• riversdale sales rise, production falls

  coal miner riversdale mining ltd says sales increased by 51 per cent in year 2010/11, even though june quarter production was lower.

• macarthur hails record sales result

  macarthur coal ltd says it had record sales in fiscal 2010, despite a dip in the june quarter.

• rates off agenda until christmas: acci

  relatively benign inflation readings has put an interest rate rise on the backburner until at least christmas, a leading business group predicts.

• stocks lower at noon

  australian shares were marginally lower at noon, as stronger financial stocks helped offset a weaker resources sector.

• rex talks up copper project potential

  rex minerals says its hillside project in south australia could be one of australia's largest copper mines.

• $a lower, bonds firmer at noon

  the australian dollar was one us cent lower at noon as a slower than expected inflation report quells expectations of a rate rise next week.

• stocks to watch

  stocks to watch on the australian securities exchange at noon.

• us confidence falls as stocks rise

  the disconnect between wall street and main street is growing.

• bonds weaker, following us treasuries

  the australian debt market opened weaker, following moves on us treasuries, ahead of a key inflation report for interest rate policy.

• strategies for making better returns at reduced risk

  geographic diversification is becoming an ineffective investing strategy, but there are others that pay off in the long term.