Results: WAN, SUN
Poor results, anticipated, but poor nevertheless from two companies on either side of the continent on Friday.
Read MoreCommodities: Sugar Up, Gold, Copper, Oil,
Gold futures fell below $US960 an ounce in New York on Friday after the July US jobs report and stronger dollar curbed the metal’s attractiveness as an alternative investment.
Read MoreHouse Prices Rebounding
After falling 6% from their peak, average capital city house prices have started to rise again in Australia. With the economic downturn turning out to be milder than expected (at least so far), the slump in mortgage rates has drowned out the impact of rising unemployment.
Read MoreANZ’s Asian Dash
ANZ shares rose 3% yesterday, or 57 cents to $19.57 after the bank confirmed it had paid around $A690 million to the Royal bank of Scotland for assets in six Asian countries.
Read MoreMore “Good News”
The last week of each month brings updates in the health of the Japanese economy: for all of this year the news has been bad, some times terrible.
Read MoreBears Into Bulls
The market shook off worries about China and the US yesterday and recovered from an early fall to finish up more than 1%.
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