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Markets Live: Back from the brink

2014-10-13 07:19:29| Agriculture - Topix.net

Shares retreat from the brink of correction, as banks pare losses and miners record gains, but Wesfarmers and Aurizon slump on coal tariff fears, while the dollar jumps back above 87 US cents on strong Chinese trade data. The federal government has picked a timely moment to offer its longest-ever bond, with risk-averse investors flocking to sovereign debt and pushing the benchmark yield to the lowest level in 16 months.

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Markets Live: Banks power rally

2014-10-03 11:12:36| Agriculture - Topix.net

After a shaky start shares close higher led by a rally in the big banks and Telstra, while miners fall following more weak Chinese economic data. The sharemarket has broken a run of five straight weekly losses , with the ASX 200 inching 0.1 per cent higher over the five trading days after adding 21 points, or 0.4 per cent, in today's session to close at 5318.2. A recovery among the big banks drove the market, with ANZ advancing 1.4 per cent, CBA 1.1 per cent and Westpac and NAB up 0.9 per cent.

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Markets Live: Bad day for banks

2014-09-04 09:07:15| Agriculture - Topix.net

Shares fell as investors sold down banks ahead of a European Central Bank press conference tonight, while a plunging iron ore price hurt miners. It was a bad day for the banks as investors nervously await word on whether the European Central Bank has any new tricks up its sleeve to help resuscitate the regions economy.

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Markets Live: Adieu, earnings season

2014-08-29 09:22:52| Grocery - Topix.net

Shares slip in volatile trade on the last major earnings day of the season, led up by Transfield and Harvey Norman, with Woolies sold off despite strong profit growth, while NAB jumps on a US asset spin-off.

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Markets Live: BHP dumped

2014-08-20 06:09:06| Agriculture - Topix.net

BHP loses about $8 billion in value, dragging the market lower, while Wesfarmers is boosted after announcing a cash splash amid a flood of profit results.

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