Latest Finance News



Australian stock market bounces back

The Australian stock market has bounced back after five consecutive days of falls, helped by gains in banking and mining shares. CMC Markets chief market strategist Michael McCarthy said the market..

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Investors buoy home loan approvals

Investors have led a pick up in Australian home loan approvals as they continue to take advantage of low interest rates and solid house price growth. The number of home loan approvals rose 1.6 per ..

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Stocks to watch on Tuesday

Stocks of interest on the Australian Securities Exchange on Tuesday: ARG - ARGO INVESTMENTS - up 11 cents, or 1.44 per cent, at $7.77 Argo Investments hopes to raise up to $500 million as it pre..

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Aussie shares cap week without gains

The Australian share market gave up its early gains to close lower, and has not had a positive day in a week. Australian stocks were down for the fourth day in a row and were flat last Tuesday, mea..

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Aussie shares close lower

The Australian share market has closed lower, with the big four banks losing ground ahead of the federal Budget on Tuesday. At the close on Monday, the benchmark S&P/ASX200 index was 9.4 points..

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Business confidence flat in April

Business confidence was unchanged in April, as large falls in the wholesale and construction sectors were offset by improved, but still weak, confidence in mining. NAB's business confidence baromet..

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China rate cut lifts stock market

The Australian stock market has bounced back from last week's losses as news of further economic stimulus in China helps lift commodity prices. CMC Markets chief market strategist Michael McCarthy ..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - Wall Street have stocks surged after the Labor Department reported the US economy added a solid 223,000 jobs in April and unemployment fell t..

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Aussie shares close lower

The Australian share market has closed slightly lower, with bargain hunters moving in after two days of sharp falls. At the close on Friday, the benchmark S&P/ASX200 index was 0.01 points, or 0..

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Share market recovery led by the banks

The share market is up by almost one third of a per cent, with the banks leading the recovery after two days of heavy losses. The big miners and energy stocks are the only sectors to be slipping, f..

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Stocks to watch on Friday

Stocks of interest on the Australian Securities Exchange on Friday: AMM - AMCOM - up nine cents, or 3.78 per cent, at $2.47 TPM - TPG TELECOM - down 17 cents, or 1.86 per cent, at $8.99 VOC -..

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Big banks weigh on share market

The major banks have driven the share market lower, extending its losses from Wednesday when it recorded its biggest one-day fall in two years. The market plunged 2.3 per cent on Wednesday after ma..

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Aussie shares close lower

The Australian share market has closed lower, extending its losses from Wednesday when it recorded its biggest fall in two years. At the close on Thursday, the benchmark S&P/ASX200 index was 46..

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Banks drive share market down

The major banks have clawed back some losses, but continue to weigh on the broader share market. Investors are now absorbing news that the official jobless rate has risen to 6.2 per cent in April f..

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Stocks to watch on Thursday

Stocks of interest on the Australian Securities Exchange on Thursday: AMP - AMP LTD - down 16 cents, or 2.4 per cent, at $6.39 Financial services giant AMP holds its annual general meeting. C..

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Aussie shares close lower

The Australian share market has closed more than two per cent lower, in a horror session weighed down by large losses by the banks. At the close on Wednesday, the benchmark S&P/ASX200 index was..

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New home sales hit 5-year high

The number of new home sales rose to a five-year high in March, with record low interest rates helping to fuel the housing boom. New homes sales rose 4.4 per cent in March, seasonally adjusted, the..

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Market down heavily

Australian shares have had their largest sell off in a week after the Reserve Bank indicated Tuesday's interest rate cut would be the last for now. Investors are also punishing market heavyweights ..

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Stocks to watch on Wednesday

Stocks of interest on the Australian Securities Exchange on Wednesday: AAD - ARDENT LEISURE - up 22.5 cents, or 11.34 per cent, at $2.21 Ardent Leisure has lifted third quarter revenues by 17 pe..

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Aust shares close flat

The Australian share market has closed flat after the Reserve Bank dropped the official interest rate amid indications the cut might be its last for a while. At the close on Tuesday, the benchmark ..

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ANZ lifts share market higher

The share market is higher after bank stocks rallied on the back of ANZ's solid profit result.ANZ delivered a better-than-expect first half cash profit on Tuesday, a day after Westpac disappointed the..

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