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Month: March 2012

Evening Market Analysis: Afternoon Fade

Evening Market Analysis: Afternoon Fade

Evening Market Analysis: Afternoon Fade

The Australian market ended the week on a flat note, despite mostly weaker international markets overnight.

In the US, data showed that weekly jobless claims fell to 359,000 last week, with the level a bit higher than expected.

Also, the Commerce Department reported that US real gross domestic product for the fourth quarter rose at a 3.0% annualized rate, unrevised from an earlier estimate.

In Europe, jobless numbers in Germany fared much better than the US, with the total number of unemployed falling by 18,000 compared to a forecast of 10,000.

Turning back locally, the sectors finished with 7 out of 12 in negative territory. Consumer staples were one of best performing segments, whilst energy and a-reits were among the worst.

The big four banks were generally weaker; Westpac was the only exception up 0.1%.

NAB and ANZ closed down 1.6% and 0.9% respectively.

The mining majors were stronger despite falling commodity prices; BHP added 1.1%, whilst rival Rio Tinto jumped 1.6%

Energy stocks continued to tumble as oil prices declined: Santos dropped 1.2%, while Woodside let go of 1.4%.

Aquila Resources climbed 3.1% after announcing drilling at the newly discovered Haakdoorn and Gravenhage South Manganese prospects has a resource total of 28.2 million tonnes.

The ASX 200 slipped three points to close at 4335.

Overall the market had a strong week, up 1.5%.

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Evening Market Analysis: Afternoon Fade is a post from: Australian Stock Report Market Pulse Blog

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Midday Market Commentary: Aussie On Fire

Midday Market Commentary: Aussie On Fire

Midday Market Commentary: Aussie On Fire

Once again, the Aussie market is faring well so far today despite the soft leads provided by international markets overnight.

The XJO is currently 20 points (+0.5%) stronger, at 4360.

The gains are fairly widespread, with materials, consumer staples and consumer discretionary stocks the best performers.

Conversely the IT, energy and healthcare issues are the weakest performers.

In company news, Aquila Resources is up 4% after announcing drilling at the newly discovered Haakdoorn and Gravenhage South Manganese prospects has a resource total of 28.2 million tonnes.

Around the region, Asian markets are mixed; the Hang Seng is 0.5% weaker, whilst the Nikkei is off 0.3%. The Shanghai Composite is up 0.4%.

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Midday Market Commentary: Aussie On Fire is a post from: Australian Stock Report Market Pulse Blog

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Morning Market Commentary: Aussie Continues To Defy

It was another mixed night for international markets last evening with losses in Europe turned around late in the US session.

In London the UK’s FTSE 100 gave up 67 points (-1.2%) to settle at 5742, whilst the CAC (-1.4%) and DAX (-1.8%) also suffered heavy falls.

Stateside, the Dow Jones slumped as much as 80 points before rallying into the close to settle 20 points (+0.2%) higher, at 13146.

The S&P also bounced back from early session weakness to end just two points (-0.2%) lower, whilst the Nasdaq finished 0.3% underwater.

Data showed that weekly jobless claims fell to 359,000 last week, with the level a bit higher than expected.

Also, the Commerce Department reported that US real gross domestic product for the fourth quarter rose at a 3.0% annualized rate, unrevised from an earlier estimate.

The Aussie dollar reached down to a 10-week low against the greenback before bouncing back a touch to currently be holding under the US$1.04 handle.

Morning Market Analysis: Ausse Continues To Defy

Morning Market Analysis: Ausse Continues To Defy

Elsewhere, the yen rose against all of its 16 major counterparts as concern increased that Europe’s sovereign-debt crisis threatens global economic growth.

Oil fell to a six-week low as U.S. equities dropped and France said governments are moving closer to an agreement on a release from emergency stockpiles to curb price gains.

Crude shed 2.1% to settle at US$103.23 a barrel, whilst copper was flat and gold eked out a 0.1% gain.

Today’s session will bring us data in the form of HIA new home sales (tentative) and private sector credit (11:30am, AEDT).

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Morning Market Commentary: Aussie Continues To Defy is a post from: Australian Stock Report Market Pulse Blog

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Audited Financial Report 2011

NOVARISE RENEWABLE RESOURCES INTERNATIONAL LIMITED ASX:NOE announces a change in management. NOVARISE RENEWABLE RESOURCES INTERNATIONAL LIMITED has issued similar announcements three times before, most recently about 0 minutes ago on Thursday 21 April 2011. The announcement ‘Audited Financial Report 2011’ was issued to the ASX on Friday 30 March 2012. Notice Type: Appointments and Resignations

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Security Trading Policy

SECURITIES TRADING POLICY 1. Aziana Limited has issued similar announcements 12 times before, most recently about 0 minutes ago on Tuesday 28 February 2012. The announcement ‘Security Trading Policy’ was issued to the ASX on Friday 30 March 2012. Notice Type: Other not one of the above

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Amicable resolution of dispute with former consultant

Orion Metals Limited (ASX:ORM) 71 Lytton Road East Brisbane Qld 4169 GPO Box 122 Brisbane Qld 4001 Phone: 61 7 3249 3060 Fax: 61 7 3249 3061 ABN 89 096 142 737 www.orionmetals.com.au 30 March 2012 ASX Release AMICABLE RESOLUTION OF DISPUTE WITH FORMER CONSULTANT Rare earths and gold explorer Orion Metals Limited (OrionASX:ORM ) today announced the amicable resolution of the protracted dispute with a former nongeologist consultant and associated entity Slatey Creek Pty Ltd. ORION METALS LIMITED has issued similar announcements 37 times before, most recently about 0 minutes ago on Friday 23 March 2012. The announcement ‘Amicable Resolution of Dispute With Former Consultant’ was issued to the ASX on Friday 30 March 2012. Notice Type: Exploration Update

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HDF notes the ACCC announcement on APA`s bid …

Hastings Diversified Utilities Fund ASX:HDF has announced details of a Buy Back, Dividend or New Issue. The notice entitled ‘HDF notes the ACCC announcement on APAs bid for HDF’ was published on Friday 30 March 2012. Hastings Diversified Utilities Fund has issued similar announcements 62 times before, most recently about 0 minutes ago on Friday 24 February 2012. Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return

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