The Australian stock market began the week on a sour note as financial shares faltered. However, gains from resource shares sent the All Ordinaries Index to a higher close Tuesday. With no substance to drive stocks in either direction; Australian equities closed modestly higher mid-week. Negative leads from the United States sent Australian shares to [...]
The All Ordinaries Index began the week in positive territory as investors cheered the Chinese Central Bank's decision to lower interest rates. However, news that the Reserve Bank of Australia left interest rates unchanged caused shareholders to dump stocks Tuesday. Australian equities continued to fall mid-week after the release of disappointing GDP figures. The Australian [...]
The Australian stock market started last week in positive territory, after a strong performance from the banking sector. However, Australian stocks ended Tuesday's session lower after the release of discouraging earnings data. The upside drive returned mid-week on hopes that the European Central bank would introduce a new stimulus package for Greece. Another round of [...]
