Overnight, US markets fell marginally after an unexpected rise in weekly jobless claims and sluggish retail sales data.
New claims for unemployment insurance in the US rose by 19,000 last week to 479,000, ahead of expectations for a result near 455,000.
U.S. stocks fell slightly Thursday as investors traded cautiously ahead of the government's nonfarm payrolls report due Friday morning.
The AUD traded quietly overnight, within its recent range as investors remained sidelined ahead of US payrolls data tonight.
Demand for higher yielding assets dampened on concern China's bank stress tests will reveal losses, softening the Australian Dollar during Asia.
Wall Street hung slightly lower all session on little volume. Dow down 5. (Locked for subscribers until 10:00 AEST)
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The Australian stock market is set for a flat start after an unexpected rise in jobless claims and weak retail sales data in the US resulted in a moderately lower Wall Street.
A glance through the latest expert views and predictions about commodities, with Goldman Sachs lifting its zircon estimates, analysts updating on the natural gas and iron ore markets and arbitrage activity in copper.
The Australian market posted a solid gain finishing o.5% higher with cyclical/growth stock leading the way
The Australian share market closed stronger thanks to higher mining stocks.
Australia’s coal producers are facing stiff competition from Mongolia and Canadian mining magnate Robert Friedland is predicting that the country could eventually lose a sizeable share of its global market from Mongolia’s lower tax measures for its resource industry.
Profit takers were active today as the local market opened strongly on the back of positive leads from the US overnight.
Global media group News Corporation (ASX: NWS) revealed on Thursday that it has regained profitability in financial year 2009/10 with its net profit of $US2.54 billion or $A2.77 billion after bleeding huge losses on the year before as the company attributed growths on its business segments, stronger advertising markets and strings of blockbuster films for the impressive recovery.
Hutchison Telecommunications delivered a surprise result, suggesting the company is winning market share from its competitors.
Renewed strength in the gold price has been partly attributed to Beijing's easing of internal gold trading restrictions.
The AUD has pushed higher again overnight as investor risk appetite continues to grow.
The US ISM services index rose from 53.8 to 54.3 in July - above expectations for a result near 53.0.
U.S. stocks rose Wednesday as better than expected signs for the employment environment calmed investors' jitters ahead of the government's Friday payrolls report.
The Australian goods and services balance printed a trade surplus of 3.54 billion in June annihilating expectations of 1.81 billion.
Tuesday night saw weak economic data and earnings, and last night saw the opposite. Reverse everything, Dow up 44.
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Kerry Stokes' Seven Group Holdings will be happy; the partly-owned associate West Australian Newspapers is more than dou...
Wealth manager AXA Asia Pacific Holdings yesterday met its updated July guidance for its profit and investment returns f...
