Market Wrap

  • Stocks close up as investors snap up bargains

    The sharemarket lifted on Wednesday as investors snapped up stocks that looked cheap after being beaten down on the back of higher oil prices, the global credit crunch and fears of economic slowdown

  • European stocks rebound at opening

    European stockmarkets rebounded at opening on Wednesday from sharp falls the previous day.

  • Global Markets - Asian stocks cut gains

    The greenback fell and Asian stocks surrendered some gains on Wednesday, after a report that Iran tested a missile that could reach Israel, raising concerns this week's $US9 dip in oil prices is only fleeting.

  • $A falls to three-week low on weak data

    The Australian dollar fell to its lowest in three weeks against the greenback on Wednesday, hurt by a fresh batch of weak economic data which led investors to further roll back chances of an interest rate rise.

  • Greenback dips after Iran test fires missiles

    The dollar fell against the Swiss franc on Wednesday after Iran test-fired long- and medium-range missiles, stoking worries about geopolitical tensions and sending investors towards a traditional safe haven.

  • Bernanke gives US dollar some relief

    The US dollar held steady on Wednesday after rebounding the previous day on a slide in oil prices and after Federal Reserve Chairman Ben Bernanke assured investors the central bank will keep assisting financial markets as long as they remain frail.

  • Gold rebounds on Iran missile test

    Gold regained ground on Wednesday as speculators resurfaced on news that Iran has test fired nine long- and medium-range missiles, lifting the metal's safe-haven appeal in times of uncertainty.

  • Broker Watch: Latest upgrades and downgrades

    Following is a summary of broker changes to their company recommendations and upgrades and downgrades to earnings estimates.

  • US Treasuries slip in Asia trade

    US Treasuries dipped in Asian trading on Wednesday as regional stock markets rose, triggering some selling of safe-haven government debt.

  • Oil drops for a second day

    Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained.

  • Street Talk

    Top changes seen at IAG, Energy Dev power play, Numbers add up at Boral PLUS Asciano, Just Group and Sage poised for action.

  • Wall St soars on oil, banks

    Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he might keep open a lifeline for banks.

  • Long bonds gain as inflation fear eases

    Longer maturity US Treasuries prices rose on Tuesday as a two-day slide in oil prices eased inflation fears.

  • FTSE falls 1.3pc on miners, bankers

    Britain's top share index closed 1.3 per cent lower on Tuesday, driven down by sharp falls in heavyweight commodity stocks that tracked crude and metal prices lower, while banks continued to struggle.

  • Aluminium falls on weak oil, off record

    Aluminium fell by 5.7 per cent on Tuesday, retreating from the previous session's record high as large stocks offset worries about power problems in China and softer oil prices dampened sentiment.

  • US bank 3-month funding rates at 2.8054pc

    Three-month borrowing rates for US banks slipped to 2.8054 per cent on Tuesday from 2.8110 per cent on Monday, according to ICAP's New York Funding Rate.

  • US coal stocks drop 2pc from last week

    US power plants had 2 per cent less coal on hand this week than last week due partly to a holiday dip in shipments, Genscape said Tuesday.

  • Investors hammer property and banks

    Australian investors have been plunged deeper into the red after continuing weakness in the listed property and banking sectors pushed the sharemarket below the 5000 point mark to its lowest close in almost two years.

  • Shares may have further to fall

    Stockmarket valuations have slumped to their lowest in almost a quarter of a century, as investors abandon shares amid growing uncertainty about earnings expectations.

  • Forget cavalry, only prices are galloping

    The price of oil may have pulled back from record highs but that doesn't detract from the fact that the world is desperately short of energy and there are no signs the cavalry is coming to the rescue.

  • Supports remain firm despite oil's retreat

    Strong demand from emerging markets and a dearth of new supply are expected to keep oil prices high for the foreseeable future, despite a pull-back that provided some relief from soaring energy costs.

  • Jobs data next test for weakening $A

    The Australian dollar lost its grasp on the US96¢ level as investors ditched holdings of high-yielding currencies after a slump in local equities.

  • Optimistic call despite figures

    Equity strategists are maintaining a level of optimism that seems wildly at odds with investors who have sent the major US sharemarket indices into bear-market territory in recent days.

  • Chinese banks at the mercy of burned investors

    China's 146 million investors, burned by slumping prices, are moving money from equities to high-yield deposits

  • Bargain buys in downturn

    Company directors are buying up big in their own stock, using the downturn on markets to bump up holdings at reduced prices.

  • Briefs

    Evans seeks Mayo seat

  • Taking Stock

    Close $ 13.55

  • Overseas Markets

    FTSE

  • Rear Window

    Swiss bank drops its guard

Investment Banking League Tables

Dealogic logo

Updated daily and exclusive to  Australian Financial Review online subscribers.


How does your firm rate?