Retail & Merchant Banking

Australian Market Report of August 3: Five Months of Solid Gains

🕔8/3/2009 1:00:50 PM

Wall Street ended the last trading session of July with a positive note on Friday. The Dow increased 0.86% for the week and 8.58% for the month thanks for the better-than-expected earnings reports. The US government reported on Friday that gross domestic product declined by 1% in the second quarter, while economists had expected that number to be around 1.5%. The result gave investors stronger confidence that the worst recession since the Great Depression is likely coming to an end.

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Australian Market Report of July 31: To Extend Solid Gains

🕔7/31/2009 1:00:59 PM

US stocks broadly surged on Thursday fueled by the better-than-expected earnings reports. The market's rally pushed the major indexes to their highest closes of the year.

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Australian Market Report of July 30: Weak Overseas Markets

🕔7/30/2009 1:00:19 PM

Wall Street ended modestly lower overnight after the Shanghai stock market slumped 5 per cent, a biggest single day decline of the year in China. The US stocks were also hit by the Commerce Department data that new orders for US manufactured durable goods fell 2.5 per cent in June.

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Fosters Group Limited (ASX:FGL) Approves $US500 Million Asian Debt Syndication

🕔7/30/2009 12:30:44 PM

The Board of Foster's Group Limited (ASX:FGL) has approved a $US500 million 3-year syndicated debt facility, following a recent successful road-show and invitation to Asian bank debt markets.

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Australian Market Report of July 29: US Consumer Confidence Falls

🕔7/29/2009 1:00:26 PM

US stocks closed flat overnight after a weaker-than-expected survey on consumer confidence. The Conference Board reported its confidence index fell to 46.6 from 49.3 in June, primarily due to a worsening job market.

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Australian Market Report of July 24: To Resume Winning Ways

🕔7/24/2009 1:00:37 PM

Wall Street posted a strong gain overnight with Dow index jumped above 9000 points mark for the first time since January. The market was bolstered by upbeat housing data and favourable corporate earnings.

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Australian Market Report of July 23: Time to Lock in Profits

🕔7/23/2009 1:00:02 PM

Wall Street finished mixed overnight. Dow and S&P 500 indices ended their rising streak while Nasdaq posted its 11th straight rise led by Apple and Yahoo. Investors started to lock in their profits from a series of rallies driven by earnings reports.

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