- The Australian market is trading lower as investors are booking profits in banking shares. In morning, the benchmark S&P/ASX 200 index opened flat; as more talk of a December taper to the US Federal Reserve's stimulus keeps investors on edge; at 5272.5, while the All Ordinaries was trading at 5267.8, both virtually unchanged.
- Sectors, however, are mixed, with materials jumping 1.1 per cent, while financials are down 0.4 per cent. Mining shares are propping the market up, offsetting losses in the banks:
- BHP: +1%
- Rio: +1.2%
- ANZ: -0.4%
- CBA: -0.6%
- NAB: -0.6%
- Westpac: -0.5%
- Qantas Airlines have reported a loss of up to $300 million for first half of financial year and it will cut 1000 jobs in near future. Qantas shares plunged after this news and it fell 16 per cent to $1.02 which is an all-time low level for them.
- Australian dollar also took a hit after the news that Australia's trade deficit has widened to a seasonally adjusted $529 million for October, after hitting $271 million last month. Presently, AUD is trading at 90.37 US cents.
http://www.capitalvia.com/au/
- The Australian market took bad economic news as good news and ended positive after disappointing GDP numbers for third quarter as mining shares and NAB shares lead the gains during afternoon trading session. The benchmark S&P/ASX 200 index closed on a positive note at 5,273.80 (+17.70 points or +0.34%). The All Ords closed up 18 points at 5267.5.
- By sector, oil and gas companies recorded the biggest gains for the day, up 1.2 per cent, with materials (mining) up 0.9 per cent. Dragging the market down were health care (-0.4 per cent) and consumer goods and services (-0.3 and -0.2 per cent, respectively).
- Dick Smith Holdings debuted today at ASX, initially gaining almost 3% before sinking back to the $2.20 issue price.
- Australian dollar took a plunge today after GDP numbers and presently, it is trading at 90.62 US cents.
http://www.capitalvia.com/au/
- The Australian markets are trading in green after a weak morning session. The benchmark S&P/ASX 200 opened down by 24.4 points at 5,231, while the broader All Ordinaries index opened down by 22.5 points to 5227.
- Third quarter GDP figures have been released today morning and these numbers are set to show that the economy is continuing to grow below-trend. GDP figure for third quarter is 2.3 per cent with consensus estimates at 0.7 per cent growth for the quarter and 2.6 per cent year-on-year.
- Australian dollar took a plunge after release of GDP numbers, AUD was trading at 91.36 US cents before the release and slipped below 91 US cents after the GDP figure was out. Presently, it is trading at 90.65 US cents.
http://www.capitalvia.com/au/
- The Australia market has continued its losing run this week with the benchmark S&P/ASX 200 slipped 23.4 points, or 0.4 per cent, to 5256.1. The broader All Ordinaries also fell 23.9 points, or 0.5 per cent, to 5249.6.
- Mining share took a great fall today and here's how all sectors performed today:
- Materials: -1.4%
- Gold miners: -7.1%
- Consumer staples: -0.6%
- Financials: -0.3%
- Telecommunications: -0.5%
- IT: -0.6%
- The local currency (AUD) appreciated against its US counterpart after RBA's statement of keeping the interest rates unchanged. Presently, it is trading at 90.70 US cents.
- The RBA's stand of not changing the interest rates will affect certain sectors noticeably the housing and equity markets and as per market experts, these markets will strengthened further.
http://www.capitalvia.com/au/
- The Australian market opened lower today as everyone was looking forward to the Reserve Bank of Australia's (RBA) meeting on whether to keep or change the interest rates and RBA decided to keep the interest rates unchanged at 2.5 per cent.
- In morning session, the benchmark S&P/ASX 200 index was down 10.4 points, or 0.20 per cent, at 5,269.1, while the broader All Ordinaries index was down 9.9 points, or 0.19 per cent, at 5,263.6.
- The Australian dollar was fetching 90.94 US cents in morning trades and after RBA's statement, the local currency slipped to 90.68 US cents just after 2:30 PM. Presently, it is trading at 90.83 US cents.
- A quick look at how regional markets are performing:
- The Australian markets closed with big fall as investors booked profits during after noon trading session. The benchmark S&P/ASX 200 fell 40.5 points, or 0.8 per cent, to 5279.5. The broader All Ordinaries also lost 40.8 points, or 0.8 per cent, to 5273.5.
- This is how all the sectors performed today:
- Property trusts: -2%
- Consumer discretionary: -1.1%
- Financials: -1%
- Industrials: -0.9%
- Materials: -0.8%
- IT: -1.4%
- Utilities: -0.8%
- Australian dollar started the week positively on the back of positive data from China and it jumped till 91.63 US cents after this news and presently, it is trading at 91.58 US cents as compared to previous close of 91.02 US cents on Friday.
http://www.capitalvia.com/au/
- The Australian markets are touching six-weeks low level as investors are booking profits in banking and mining shares. Today, the benchmark S&P/ASX 200 index opened down by 0.6 points, or 0.01 per cent, at 5,319.4, while the broader All Ordinaries index was down one point, or 0.02 per cent, at 5,313.3.
- Australian dollar touched the day's high as there was a positive news from China in form of HSBC/PMI data. After this news, the local currency (AUD) jumped as high as 91.63 US cents from under 91.20 US cents before the news. Presently, AUD is trading at 91.44 US cents.
http://www.captialvia.com/au/
