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Stocks to watch at close on Wednesday

Stocks to watch on the Australian stock exchange at close on Wednesday: ABC - ADELAIDE BRIGHTON - down 22 cents, or 5.87 per cent, at $3.53 Construction materials firm Adelaide Brighton expects ..

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Iron ore price drop weighs on shares

The share market has opened lower as further falls in the price of Australia's largest export, iron ore, hit the mining sector. Fortescue Metals was one of the worst early performers, after the spo..

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Budget a blow to consumer confidence

There is more evidence that last week's federal budget has dealt a blow to consumer confidence.The Westpac Melbourne Institute Index of Consumer Sentiment fell by 6.8 per cent in May to 92.9, its lowe..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, May 21: ABC - ADELAIDE BRIGHTON - up three cents, or 0.8 per cent, at $3.75 Adelaide Brighton holds its annual general meeting on W..

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US stocks fall on weak retail earnings

Wall Street stocks have slumped on a batch of mostly-disappointing retail earnings and after a US Federal Reserve official endorsed a speedier rise in benchmark interest rates than some expect. The..

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Aussie shares higher in bargain search

The Australian share market has closed higher as bargain hunters moved in following falls in morning trade. The fortunes of the local market reversed in the second half of the day as traders looked..

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Soft jobs market keeps rates on hold

Ongoing weakness in the labour market is giving the RBA no reason to raise interest rates, and plenty of reason not to. In the minutes of its board's May monetary policy meeting, the central bank s..

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Spending to grow despite tough budget

Australians are likely to continue spending in the months ahead, despite a possible dent to confidence from the federal budget. Economy-wide spending rose 1.6 per cent in April, despite talk of a t..

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Aust bonds weaker in quiet trade

The Australian bond market is slightly weaker after US stocks gained ground during the overnight session. St George economist Janu Chan said there was very little to drive bond futures prices. "..

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Miners lead Aust share market lower

The Australian share market has closed lower as mining stocks were weakened by a fall in iron ore prices, and the market generally worried about falling prices on the Chinese property market.OptionsXp..

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Tabcorp tumbles amid race fee changes

An email from Racing Victoria and market analysts speculating about the future of race fields fees may have contributed to a sharp fall in Tabcorp shares in recent days. Racing Victoria is adopting..

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Caltex refining takes another hit

Caltex Australia continues to generate less money out of fuel refining, with margins in 2014 well below a year ago.Caltex's refining margin - the difference between the price of crude oil and its refi..

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Stocks to watch at lunch

Stocks to watch on the Australian stock exchange at noon on Monday: BKN - BRADKEN LTD - down 19 cents, or 4.85 per cent, at $3.73 Troubled heavy engineering group Bradken will shed 10 per cent o..

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Elders narrows half year loss to $10m

Agribusiness Elders has narrowed its half year loss to $10.2 million and expects continued improvement over the full year.Elders is starting to reap the benefits of extensive "non-core" asset sales, r..

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Aust bonds weaker after strong US data

Australian bond futures prices are lower after strong US housing data encouraged traders to move out of safe haven assets. The number of new home building permits issued in the US increased eight p..

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