Australian stocks gained following a rally in resource and banking sectors. The benchmark index added more than 1% after European leaders pledged to meet tighter fiscal and financial guidelines.
Australian stocks closed sharply lower after European leaders haggled to implement fiscal compact and treaty changes. The decline in inflation in China also dragged market indexes to a low for the month. For the week the benchmark ASX 200 index dropped 2%.
Australian stocks edged lower in a broad market weakness. The unemployment rate increased to 5.3% in November as employers cut more than expected full-time positions and added fewer than expected part-time jobs. IAG gains on takeover speculation.
Australian stocks resumed the advance after the release of the third quarter economic growth data. The economy expanded 1% in the quarter and surged 2.5% from a year ago quarter on the continued boom in construction and mining sectors.
Australian stocks declined after Reserve Bank lowered its benchmark rate 25 basis points to 4.25%. The second rate cut in as many months also raised worries that the growing debt contagion in the euro zone may affect Australia. Santos Limited began its gas processing plant in Western Australia.
Australian indexes rallied for the sixth day and lifted gain in the period to 8%. Market sentiment was positive ahead of the RBA meeting tomorrow. Aston Resources confirmed merger talks with Whitehaven Coal. Aquila Resources won approval to build a rail line to transport iron ore in Pilbara region.
Australian stocks gained for the fifth day in a row as commodities markets trade higher. Investors ignore the latest downgrade of the four largest banks in Australia. Rio Tinto plans to spend $3.3 billion to modernize its aluminum plant in British Columbia.
Australian stocks soared following a surge in international markets after U.S. Fed coordinated dollar swap lines with five central banks and offered more dollar liquidity. Retail sales increased 0.2% in October, fourth monthly rise in a row but home building approval declined for the second month.
Australian stocks edged higher and business investments surged at a record pace in sixteen years and mining companies race to complete $232 billion of projects. Home prices declined at a faster pace in Melbourne and Brisbane in October.
Australian stocks gained for the second day in a row and investors focused on the mid-year budget. The government hopes that the estimated deficit of $37 billion will turn to a surplus in the next year.
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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