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Markets Live: ASX through 5500
2015-01-23 07:40:49| Agriculture - Topix.net
Shares rallied hard in the wake of the bigger than expected monetary stimulus in Europe, with the ASX 200 closing above 5500, while the local dollar sunk below 80 US cents. The local bourse was a sea of green this week as investors cheered a larger than expected quantitative easing program from the European Central Bank, with the big miners and banks the prime beneficiaries.
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Markets Live: Modest rebound on ASX
2015-01-08 01:57:16| Grocery - Topix.net
Shares are trading higher, snapping two days of losses, but the gains are modest compared to overseas markets, while energy stocks are taking another hit. Hedge funds have applied a blowtorch to the retail and mining stocks , ensuring the two sectors are heavily represented on a list of the most-shorted stocks.
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Markets Live: Miners, banks sink ASX
2014-12-15 10:38:36| Telecom - Topix.net
Shares are still sharply lower, with resources and the banks causing most of the damage, ahead of a potentially confidence-sapping budget update from the Treasurer. Treasurer Joe Hockey has confirmed that the MYEFO mid-year budget update, scheduled for 12.30pm, has been postponed until further notice.
Markets Live: Mood sours on ASX
2014-12-05 03:10:52| Logistics - Topix.net
Selling is gaining pace on the local market, as the big banks and miners, along with energy stocks, all drop into the red, while Bradken soars on a takeover bid. Frustrated by the government's failure to charge GST on overseas goods bought online, retail veteran Solomon Lew will attempt to sidestep the charges placed on his company's products.
Markets Live: Oil slide hits ASX hard
2014-12-01 05:25:00| Grocery - Topix.net
There's no end to the savage slide in global oil prices, which is taking a huge toll on the local energy sector, while Metcash slumps on a poor earnings and the dollar plumbs new four-year lows. Oil prices are continuing to slide , with US crude falling more than $US2 to a five-year low today, while Brent futures have touched a fresh four-year low, extending a steep sell-off after OPEC decided not to cut production last week , keeping markets well supplied.
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