Tag: Stockmarket
Miners continue to drag market down
Australian stocks have closed lower with weakness in the mining sector dragging down the market. [MORE]
Market follows oil, metals down
A fall in oil and base metal prices overnight has pushed the Australian share market lower.[MORE]
Oil prices drag US market down
Wall Street's Dow Jones Index fell 2.5 per cent overnight after another drop in the price of oil. [MORE]
Market falls back after early gains
Early gains on the Australian sharemarket have eased, with strength among the banks outweighed by declines in other sectors.[MORE]
Cazaly V Rio court case delayed
A legal battle between junior miner Cazaly Resources and mining giant Rio Tinto over the ownership of tenements at Rio's Rhodes Ridge deposit in the Pilbara has been put on hold at the last minute.[MORE]
Market closes flat despite early gains
The Australian share market has closed flat after it slipped back earlier gains.[MORE]
RBA rates cut fails to stimulate markets
The RBA's decision to cut interest rates by 100 basis points has failed to buoy local markets already trading lower.[MORE]
Stocks slip ahead of interest rate decision
Australian stocks lose around 2pc ahead of interest rate decision.[MORE]
US officially in recession, Dow Jones dives 7pc
Wall Street's Dow Jones index dived more than 7 per cent overnight after the US was officially declared to be in recession.[MORE]
Babcock and Brown extends trading halt
Struggling investment bank Babcock and Brown has extended its suspension from trade on the Australian share market. [MORE]
Market dives in early trade
Australian shares have fallen by more than 2 per cent in the first hour of trade, with big miners BHP Billiton and Rio Tinto have both lost ground.[MORE]
Market expected to open up
The Australian share market is expected to open higher today after Wall Street posted its best weekly rise in about 30 years last week. [MORE]
Late rally drives market 4pc higher
Australian stocks have rallied with a late surge driving the market to close more than 4 per cent higher.[MORE]
Dropped Rio bid ends four-day market surge
Weakness across most sectors has dragged the sharemarket lower for the first time in four trading sessions.[MORE]
Rio drags local stocks down
Australian stocks are losing ground, with shares in miner Rio Tinto almost one-third lower after BHP Billiton withdrew its takeover bid.[MORE]
Gunns shares up after debt plan
Tasmanian timber company Gunns' share price has increased by 10 per cent today after it announced moves to reduce its debt.[MORE]
US stocks volatile amid bailout plans
US stocks have been volatile following its Government's plan to pump more money into its ailing economy.[MORE]
ASX surges to close 5pc higher
The Australian share market has soared by more than 5 per cent after the Citigroup bailout boosted commodity prices.[MORE]
Gunns shares recover
Shares in the Tasmanian timber company Gunns have bounced strongly in early trade, along with the rest of the market.[MORE]
Aust stocks close higher after gains in materials, energy
The Australian share market ended today in positive territory, with weakness in the financials offset by gains in the materials and energy sectors.[MORE]
Further slide in Gunns' shares
Shares in the Tasmanian timber company Gunns have dropped sharply in trading today.[MORE]
Local shares struggling
The local share market has fallen about 1 per cent on worries about the health of the global financial system. [MORE]
Shares begin week on the rise
Australian shares are higher in early trade after the market lost 9 per cent of its value last week. [MORE]
Citigroup shares dive on merger reports
Shares in banking giant Citigroup have fallen for the fifth straight day in US trade overnight.[MORE]
Local market rebounds before close
The Australian share market has staged a late recovery to finish the week higher, after dropping to a five-year low today.[MORE]
