Commodity Brokers News

Resources Lead Surge In Shares

Wednesday September 25, 1996
A market rejuvenated by stronger commodity prices and America's decision not to raise interest rates yesterday prodded a resource rebound and sent banks surging to near-record highs. The Dow Jones Industrial Average fell 20.71 points to 5874.03 despite the interest rate news, but the US Federal R

Investors Slug Mining Stocks

Monday September 23, 1996
Australia's big miners yesterday continued to take the brunt of a sell-off on the stockmarket following a further deterioration in commodity prices and nervousness about US interest rates. In what traders described as an anxious day ahead of tonight's US Federal Reserve meeting, battered resourc

What Brokers Say On The Us Factor

Monday September 16, 1996
Question: To what extent will the local market reflect Wall Street's record performance? Michael Heffernan, from Shaw Stockbroking: "Our market will take a bounce when international fund managers realise the US, Canada, UK and Germany are too expensive. Then they will look at Australia wi

Commodities A Drag On Shares

Thursday September 12, 1996
Sinking commodity prices took the sharemarket with them yesterday despite Wall Street's strong movement in the opposite direction. There were further local concerns over resource stocks, particularly market leader BHP, and the All Ordinaries traced a steady downward path for most of the day, wit

Shares Hit By Fears Over Us Jobs Data

Friday September 6, 1996
Australian stocks plummeted yesterday as fears of higher than expected US employment figures were coupled with plunging commodity prices. A nervous market dropped 20.4 points to 2237.00 after the All Ordinaries Index tagged a bearish Wall Street, which closed at its lowest level since 31 Jul

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