Commercial Banking

Australian Market Report of February 13: Concerning US and Australia's Stimulus Plans

🕔2/13/2009 1:00:29 PM

Yesterday the Aussie market ended higher amid expectations debt-laden Rio Tinto would announce the A$30 billion deal with Chinese steelmaker Chinalco. The benchmark S&P/ASX200 was up 39.9 points, or 1.15 per cent, at 3,514.3, while the broader All Ordinaries rose 40.4 points, or 1.18 per cent, to 3,458.5. Today investors will also be looking to the proceeding of government's A42$ billion economic stimulus package as Parliament will debate a new version after the Senate rejected the government's first proposed plan.

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Australian Market Report of February 11: Disappointed by Plan for Bad Bank

🕔2/11/2009 1:00:31 PM

Yesterday the Australian market closed slightly lower. The benchmark S&P/ASX200 index was down 0.6%, or 19.9 points, at 3488.7, while the broader All Ordinaries index dropped 0.5%, or 17.2 points, to 3428.6.

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Asian Markets Overview of February 9

🕔2/9/2009 3:00:24 PM

Asian shares are set to gain on Monday after a rally on Wall Street last Friday. Japan's Nikkei average is also expected to be buoyed by exporters on a weaker yen. Asian shares rallied across the region Friday with shipping stocks leading for another day and miners rising on hopes that demand for commodities might be picking up. The Shanghai Composite Index rallied 4%, delivering its best performance of the week while China-related shares also lifted the market in Hong Kong.

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Australian Market Report of February 9: US Stimulus Package to Be Approved

🕔2/9/2009 1:00:53 PM

The Australian share market ended last week with 1% higher led by the overseas markets. The benchmark S&P/ASX200 index surged 41.3 points, or 1.2%, to 3469.9 while the broader All Ordinaries index closed with 34.9 points higher, or 1%, settled at 3407.5.

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Asian Markets Overview of February 4

🕔2/4/2009 4:00:48 PM

Asian markets ended mixed Tuesday as and financial stocks gained but property developers lost ground on a weak outlook for prices.

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Australian Market Report of February 4: Bleak Jobless Rate Forecast

🕔2/4/2009 1:00:17 PM

The Australian share market closed higher on Tuesday, as the central bank's interest rate cut bolstered the financial stocks. The benchmark S&P/ASX200 index ended up 11.3 points, or 0.32 per cent, at 3,508.7 while the broader All Ordinaries index was 5.6 points stronger, up 0.16 per cent, at 3,449.1. Today investors may focus their attention on the earnings report of BHP Billiton and the decision by the four major banks after RBA's rate cut.

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Asian Markets Overview of February 3

🕔2/3/2009 3:30:00 PM

Most Asian markets were hammered Monday over the concerns that the global recession is deepening. Hong Kong shares plunged sharply, even as mainland-Chinese shares gained after the Chinese New Year holidays. In Tokyo, some of Japan's biggest industrial companies fell to multiyear lows. China's Shanghai Composite contrasted other major indexes with 1 per cent surge as agricultural sector was strengthened after the Chinese government announced measures to prevent grain production from falling.

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