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The S&P/ASX 200 fell 79 points (1.69%) to 4,618.20. With little direction from the U.S. market on Monday, the Aussie index tumbled. The Dow Jones Industrial Average managed to add 10 points to close at 11,020.40, after spending most of the session in the red. The market turned around not long after the Fed’s meeting [...]

The S&P/ASX 200 added 16 points, ending at 4,697.50. Yesterday’s housing data showed that first home buyer’s loans dropped to the lowest level in six months, making up only 15.5% of the loan market for August. Overnight was a flat trading session for the Dow Jones Industrial Average, closing only 3 point higher to 11,010.34. [...]

On Friday, the S&P/ASX 200 was higher by 13 points to 4,681.00. Coming out today from the Australian Bureau of Statistics is the housing finance data for August. The Dow Jones Industrial Average gained 57 points to close at 11,006.48. The nonfarm-payroll data was as worse than expected, showing that a net 95,000 people lost [...]

Yesterday, the S&P/ASX 200 gained 79 points (1.73%), closing to 4,686.80. The Australian Bureau of Statistics releases the labour data for September, and it’s expected the unemployment rate will remain at 5.1% The Dow Jones Industrial Average managed to hold onto Tuesday’s gains, closing 22 points higher to 10,967.65. But, trading volume was lower than [...]

The S&P/ASX 200 closed down 18 points to 4,606.90. The Reserve Bank shocked the most people yesterday by leaving rates unchanged. In the minutes following this announcement from the RBA, the Aussie dollar lost USD1.5 cents. The Dow Jones Industrial Average closed higher by 193 points (1.8%) to 10,944.72. Data released from the Institute for [...]

The S&P/ASX 200 closed higher by 46 points to 4,625.30. The Reserve Bank of Australia (RBA) meets again today to finally put an end to the ‘Will they, Won’t they’ questions about a potential rate rise. One article has suggested that inflation isn’t as threatening as it was first thought, and then on the other [...]

The S&P/ASX 200 was lower by 3 points on Friday, closing to 4,579.20. The market has opened higher this morning, however lighter volume is expected, as New South Wales has a public holiday today. The Dow Jones Industrial Average closed at 10,829.68, higher by 41 points. The market rallied on personal incomes and spending rising [...]

On Wednesday, the S&P/ASX 200 finished at 4,645.00, lower by 24 points.
The big four banks all ended in the red yesterday, which could be due to ratings agency Fitch announcing it will conduct its own ’stress test’ on Australian banks. Fitch will review what would happen to the banking system if mortgage defaults increase to [...]

Yesterday, the S&P/ASX 200 ended the day at 4,669.80, down by 5 points.
The Dow Jones Industrial Average shrugged off the ordinary consumer confidence data, closing 46 points higher to 10,858.14. However, it appears that most traders took the weak data as a sign the Fed will intervene with more stimulus.

‘That’s the conventional wisdom of [...]

The S&P/ASX 200 closed higher by 73 points, or 1.60%, ending the day at 4,675.40.
Overnight, the Dow Jones Industrial Average backed off a little, closing down 48 points to 10,812.04.
Twenty four out of the thirty stocks that make up the Dow ended the day in the red. Most financial stocks were down, with [...]