Market News – July 10
10/07/2015Australian shares end week 0.8% lower. A firmer tone on Friday helped claw back some of the losses racked up by Australian shares earlier in the week, following Wednesday and Thursday’s dives off the back of China’s market rout and Greek debt concerns. “The local share market has had a reasonable recovery today on hopes […]
Market News – July 03
3/07/2015Australian shares slid 2% during the course of the week as uncertainty over Greece and China proved more powerful than cheery midweek sentiment. Greece’s effective default on its repayment to the International Monetary Fund weighed on the market early in the week, but Greece’s softer stance towards the IMF rekindled buying on Wall Street and, […]
Market News – June 26
26/06/2015The ASX 200 finished the week down 0.91% following a steep fall on Friday, meaning the index has lost 4% so far in June. Industrial companies, miners and energy producers led the losses, while financials reported a small gain and telcos also ended the week in the green. Volatility in global markets – as investors […]
Market News – June 19
19/06/2015Australian shares advanced on Friday, ending a volatile week on an upbeat note after the Federal Reserve signalled US interest rates may stay lower for longer. Australia’s benchmark S&P/ASX 200 index added 1.3% on Friday to close at 5,597. However, gains over the week stood at 1% in nervous trading. “Today the market is up […]
Market News – June 12
12/06/2015Australia’s benchmark share index gained 1% over the week as better than expected economic data helped the market end a rollercoaster four days in positive territory. The S&P/ASX 200 index firmed 51.20 points, with the week shortened by the Queen’s Birthday public holiday, to close at 5,545.30 on Friday. Confidence, jobs and housing “Strong economic […]
Market News – May 29
29/05/2015Banks helped boost the Australian share market 2.1% this week as resources, telecoms and other major sectors also posted solid gains. The benchmark S&P/ASX 200 index ended on Friday at 5777.20. Investors overcame jitters mid-week, when they sold the market as much as 3% lower on the back of the government’s capital expenditure data […]
Market News – May 22
22/05/2015Banks and miners both weighed on the Australian market this week, resulting in the benchmark ASX 200 index falling 1.25% over the five days to finish Friday at 5,663 points. Financial companies shed 2.1% over the week, while materials companies failed to fully recover from a mid-week dip in iron ore price that saw […]
Market News – May 15
15/05/2015The benchmark ASX 200 share market index fell 1.6% this week to end on 5,878 points, with a positive week for energy stocks not enough to offset declines in other sectors. During the week an unexpected drop in Australia’s unemployment rate, which fell to 6.1%, cast doubt over whether the Reserve Bank will cut the […]
Market News – May 8
10/05/2015Top 5 share price gains Evolution Mining Weekly rise: 14.7% to $1.13 per share Share price movement past 12 months: Up 37.8% In an investor presentation last week, gold and silver miner Evolution Mining (ASX: EVN) outlined how a falling Australian dollar and lower fuel prices were helping to drive sustained annual cost savings. The […]
Market News – May 1
1/05/2015The benchmark ASX 200 index fell 2% this week to end at 5814 points on Friday, weighed down by losses in the healthcare and information technology sectors. During the week Reserve Bank governor Glenn Stevens warned that life was not going to get easier for self-funded retirees as record low interest rates force them to […]