IBTimes Australia : Westpac Topic

Australian Stock Market Report – Midday 5/23/13

Thu, 23 May 2013 13:12:01 +1000

The Australian share market is being heavily sold off in early trade, following a volatile night on Wall Street.

In Australia, It’s Rinehart Who is The Most Powerful Woman, Not Gillard, Forbes World’s 100 Most Powerful Women

Thu, 23 May 2013 12:59:18 +1000

Being a country's topmost political leader does not necessarily equate to being most powerful. In Australia, Julia Gillard may be the Prime Minister, but is it Gina Rinehart who is the most powerful woman of Australia, according to Forbes magazine's annual list of 100 most powerful women around the world.

Australian Stock Market Report – Afternoon 5/22/13

Wed, 22 May 2013 17:48:17 +1000

With the exception of the first half hour of trade, sellers dominated the session on Wednesday. The news pulse in corporate and economic terms provided further encouragement.

Asian stocks supported by Fed reassurance; BOJ stands pat

Wed, 22 May 2013 16:35:03 +1000

Some Asian stock markets rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month.

Asian stocks cheered by Fed reassurance; BOJ stands pat

Wed, 22 May 2013 15:28:02 +1000

Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month.

Asian Markets Rally after Fed Reassurance on Bond-Buying

Wed, 22 May 2013 14:48:35 +1000

US Fed chief Ben Bernanke testifies before Congress later in the day.

Australian Stock Market Report – Midday 5/22/13

Wed, 22 May 2013 12:08:58 +1000

The Australian share market is trading slightly lower in the early session, despite record highs being reached on Wall Street overnight. The US Dow Jones Index made it 19 consecutive Tuesday wins, while the broader share market and NASDAQ Indices were higher for the 9th consecutive Tuesday.

Australian Dollar Outlook - 22 May 2013

Wed, 22 May 2013 10:14:01 +1000

Bell FX Currency Outlook: The Australian Dollar is unchanged from yesterday's levels, trading at USD 0.9800, as currency markets debate the likelihood and even timing of the US Federal Reserve's winding down of its economic stimulus program.

Asian Markets on Edge Ahead of Fed Chairman Bernanke's Speech

Tue, 21 May 2013 15:10:13 +1000

Markets awaiting Ben Bernanke's hints on Fed's bond-buying programme.

Australian Banks Cut Fixed Mortgages Loan Rates in Latest Home-Loan War

Mon, 20 May 2013 12:42:13 +1000

In a boon to Australian consumers, a mortgage rate war is underway following the recent 25 basis points overnight cash rate cut made by the Reserve Bank of Australia (RBA).

Australian Dollar Outlook - 20 May 2013

Mon, 20 May 2013 09:52:03 +1000

Bell FX Currency Outlook The Australian Dollar's recent fall has stabilised with the local currency opening trade this morning in the mid 0.9700's.

Australian Stock Market Report – Midday 5/17/13

Fri, 17 May 2013 13:37:11 +1000

Finally, after two straight days of losses the Aussie market is creeping higher. The All Ordinaries Index (XAO) is up 0.2 per cent or 8.8pts to 5,153.3. The gains are being recorded despite weakness in US markets, which slipped by 0.3 per cent however are still around all-time highs.

Australian Stock Market Report – Afternoon 5-13-13

Mon, 13 May 2013 18:47:20 +1000

The Australian share market closed only slightly higher on Monday, despite strong gains offshore on Friday night which saw European markets reach five year highs and US markets close at record highs.

Australian Stock Market Report – Midday 5-13-13

Mon, 13 May 2013 13:34:55 +1000

The Australian sharemarket is flat after a slightly weaker start this morning. The All Ordinaries Index (XAO) is down by just 0.3pts to 5,190.8. A fall in the business conditions survey reading has been keeping stocks subdued. Last week however, the local market rose by around 1.68 per cent, making it three straight weeks of improvements.

Search Ends for Australian Cruise Couple Paul Rossington and Kristen Schroder [VIDEO]

Sat, 11 May 2013 00:03:20 +1000

Authorities trying to determine if Rossington jumped into water to save Schroder after falling from cruise ship.

Analysis: Policy patience seen wearing thin as yen drops

Fri, 10 May 2013 22:21:02 +1000

The yen's fall past 100 per dollar highlights growing concerns about ultra-loose monetary policy around the globe and raises the prospect that policymakers elsewhere may take action to protect their economies from a tide of hot money.

Analysis - Policy patience seen wearing thin as yen drops

Fri, 10 May 2013 22:21:02 +1000

4 Aussie Banks Pass in Full 25 Basis Points RBA Rate Cut

Wed, 08 May 2013 08:25:52 +1000

In a big turnaround from their previous decision, four of the biggest Australian banks said on Tuesday that they will pass in full the 25 basis points overnight cash rate made by the Reserve Bank of Australia (RBA) on the same day.

Nikkei Tops 14,000 Mark While Rest of Asia Tumble on Global Growth Concerns

Tue, 07 May 2013 14:34:08 +1000

The Nikkei rises above 14,000 for the first time since June 2008.

Asian shares capped but Nikkei soars on US growth hopes

Tue, 07 May 2013 12:49:02 +1000

Asian shares were capped on Tuesday by caution over weak global growth data, but Japanese equities scaled a near five-year peak after the Standard & Poor's 500 Index <.SPX> closed at a record high overnight on renewed hopes for a steady U.S. recovery.

Asian shares steady on higher Wall Street

Tue, 07 May 2013 10:35:03 +1000

Asian shares inched higher on Tuesday after the Standard & Poor's 500 Index <.SPX> closed at a record high overnight on renewed hopes for a steady U.S. recovery, but weak global growth data kept investors wary of pushing prices sharply higher.

Australian Stock Market Report – Afternoon 5-6-13

Mon, 06 May 2013 17:27:30 +1000

The Australian share market has started the week's trade on a positive note, following a positive lead from Wall Street at the end of last week on the back of better than expected US Jobs numbers.

Australian Stock Market Report – Midday 5-6-13

Mon, 06 May 2013 17:07:20 +1000

The Australian sharemarket is higher thanks to a better than expected US jobs on Friday, however a portion of the gains were wiped out due to a weaker than forecast retail spending report. The All Ordinaries Index (XAO) is up 1.1 per cent or 54.4 pts to 5159.8. The mining sector is the standout at lunch thanks to a strong rise in commodity prices, in particular copper which jumped by 6.2 per cent.

Australian Stock Market Report – Midday 5-3-13

Fri, 03 May 2013 15:56:30 +1000

The European Central Bank's (ECB) first rate cut in 10 months overnight is encouraging buyers on the local market for the third time this week. The All Ordinaries Index (XAO) is up 0.3 per cent, taking the gains this week to 0.76 per cent. Monthly non-farm payrolls tonight in the US will keep investors on edge for the next 10 hours.

Asian Markets Rise on Upbeat US Jobs Data and ECB Rate Cut

Fri, 03 May 2013 14:33:37 +1000

The ECB's rate cut and an unexpected decline in US jobless claims revive investors' hopes for global recovery.

ECB rate cut cheers stocks, euro subdued

Fri, 03 May 2013 13:35:02 +1000

Sharemarkets across Asia mostly rose on Friday after an interest rate cut from the European Central Bank and prospects for more easing lifted hopes that fresh stimulus from yet another major central bank will help foster a stronger global recovery.

Australian Stock Market Report – Afternoon 5-2-13

Thu, 02 May 2013 17:55:34 +1000

The Australian share market closed lower for a second session today, as weakness from US markets and a fall in commodity prices impacted sentiment. Investors were also unwilling to take on too much risk ahead of the European Central Bank meeting later tonight.

Australian Stock Market Report – Midday 5-1-13

Wed, 01 May 2013 13:17:02 +1000

Local shares are slipping for the first time this week despite firmer global markets overnight. A lower than expected reading for China's official manufacturing PMI has kept investors in a selling mood. The All Ordinaries Index (XAO) is down 0.3 per cent or 18 pts to 5,150.6.

Dollar pressured before Fed policy outcome

Wed, 01 May 2013 11:42:02 +1000

The dollar was pressured on Wednesday ahead of the outcome of the U.S. Federal Reserve's two-day policy meeting later, while the euro drifted on expectations for a rate cut when the European Central Bank meets later in the week.

Australian Stock Market Report – Afternoon 4-30-13

Tue, 30 Apr 2013 21:56:22 +1000

The Australian sharemarket made it two straight days of gains, with the All Ordinaries Index (XAO) rising by 1.2 per cent. US markets hit fresh record highs thanks in part to improved corporate earnings, while the financials led local stocks higher in Australia today.