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| Australia Market Update Archive: |
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Australian Miners Down on Euro Zone Worries
May 15, 10:08 AM ET |
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| Australian stocks eased on the growing confirmation that the euro zone is sliding into a recession and Greece is likely to face another parliamentary election as early as next month. Resources linked stocks declined and gold and energy stocks led the losers. |
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Australian Dollar Falls Below Greenback Parity
May 14, 10:02 AM ET |
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| Australian stocks gained as miners edged lower and the dollar fell to a new low in five-months and declined below parity with the greenback. The declined after comments from the central bank official indicating weak long term growths in Australian economy outside the mining sector. |
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Australian Indexes Suffer Largest Weekly Loss in Seven Months
May 11, 9:57 AM ET |
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| Australian stocks closed lower and suffered the largest weekly loss in seven months. China reported slowing but still healthy industrial production, retail sales and a steady inflation. Australian importers curb the purchase of online apparel by Australians on overseas websites. |
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Australian Unemployment Falls to 4.9%, Stocks Rebound
May 10, 9:39 AM ET |
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| Australian indexes rebounded from the one-month low after April unemployment rate unexpectedly declined to 4.9% as employers add more part time positions. News Corp third quarter net increased 47% and Murdoch family face more resignation calls. Leighton won $800 million infrastructure project in Queensland. |
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Australian Indexes Erase 3-Weeks of Gains
May 09, 9:01 AM ET |
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| Australian indexes erased three weeks of gains in the last four sessions as Greece and the euro zone regained investors focus. David Jones announced a restructuring charge and Billabong appointed new chief executive. BlueScope completed the repurchase of $300 million private placement notes. |
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Australia Estimates Budget Surplus
May 08, 8:55 AM ET |
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| Australian budget estimated cash surplus of 0.2% of GDP in the fiscal 2013 as the government attempts to spread the benefits of mining boom to low and middle income families. The budget is expected to return to small surplus of $1.5 billion after four years of deficit. |
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Australian Markets Plunge to 2-month Low, Dollar Slumps
May 16, 8:25 AM ET |
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| Australian stocks plunged as the index dropped the most in one day in six months and extended losses in the last two months. The dollar fell to the low of the year. BHP Chairman Jacque Nasser estimated commodities prices are expected fall further and the company may revise its 5-year investment plan of $80 billion. |
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Australian Indexes Dive 2% on Global Worries
May 07, 9:32 AM ET |
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| Australian indexes declined more than 2% on the global slowdown worries after the election results in Europe. Australian retail sales were ahead of expectations in March but new jobs ads declined in April according to a private survey. |
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Australian Lowers Growth Outlook Ahead of Budget on Monday
May 04, 8:41 AM ET |
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| Reserve Bank of Australia trimmed growth and inflation expectations for the year and said growth in the mining sector were offset by the weakness in hospitality, retail and manufacturing. Australian government is set to target budget surplus in its latest budget on May 8. |
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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