Australian shares have risen to a month high as an upbeat start to the US earnings season and hopes of further monetary easing in China sparked a rally in global stocks.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
Australian shares added 1.1 per cent after positive Chinese trade data boosted markets already buoyed by positive US earnings and hopes for a pick up in local buyout deals.
A takeover push for clothing and footwear maker Pacific Brands could mark the start of a buying spree among private equity firms in search of bargains, analysts say.
IAG confirmed today that its Direct and CGU businesses had received approximately 24,000 claims following the hailstorms and related severe weather which occurred in Victoria around Christmas Day.
Australian shares extended early gains after a positive start to the United States earnings season and news of more interest from private equity firms in local companies.
US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season and talks between France and Germany on Europe's debt crisis.
European shares fell on Monday in thin trade, dragged down by banking stocks after Unicredit's rocky start to its key rights issue and worries about prospects for the U.S. earnings season.
Australian shares open slightly higher after strong US non-farm payroll data released on Friday buoyed hopes that the world's largest economy is on the mend.
Weak equity values and a slowdown in deal flow have resulted in Perth-based stockbroker and funds manager Euroz reporting a sharply lower profit for the half-year to December 2011.
Weaker-than-expected revenue combined with faster-than-planned spending growth have resulted in the state government’s projected budget surplus being revised down to $209 million.
Australian stocks ended 1.2 per cent lower as another slump in retail stocks and sagging investor sentiment over the eurozone debt crisis weighed on the market.
Australian stocks declined one per cent in thin trade after a muted reaction to the latest move to solve Europe's debt crisis took the shine off hopes for a Christmas rally.
Australian shares broke their two-day losing streak to end sharply higher after strong gains on offshore markets sparked hopes for a long-awaited Christmas rally.
Australia is expected to remain a hot spot of merger and acquisition activity because of its cashed-up companies, in defiance of a worldwide slump in corporate deals, new research finds.
Australian stocks ended slightly weaker after a day of choppy trade as positive minutes from the central bank's meeting helped investors shrug off the ongoing economic gloom.
The Reserve Bank of Australia (RBA) says it expects global economic growth to stall in the coming year, keeping the door open for more cash rate cuts in 2012.
