PROPERTY manager and developer Australand, coming off a huge headline loss due
to the economic crisis, is confident the worst is behind it. But it expects
real growth will not get under way until next year. The company reported a
formal loss of $298.2 million for the 2009 calendar year,
Tuesday February 9, 2010, 8:29 am SYDNEY, Feb 9 (Reuters) - Australian stocks
are seen lower on Tuesday, as investors continue to fret over the euro zone's
sovereign debt troubles, with sentiment also cautious ahead of the rush of
corporate earnings later this week. Macquarie
Home Depot, the largest home-improvement retailer, and Walt Disney, the biggest
media company, rose at least 0.7 percent. CIT Group Inc. jumped 4.1 percent
after naming former Merrill Lynch & Co. chief John Thain chairman as chief
executive officer. Standard & Poor’s 500 Index futures
Home Depot, the largest home-improvement retailer, and Walt Disney, the biggest
media company, rose at least 1 percent. CIT Group Inc. jumped 3.3 percent after
naming former Merrill Lynch & Co. chief John Thain chairman as chief
executive officer. Standard & Poor’s 500 Index futures
The Australian stock market has received a mixed set of leads from overseas
markets, with Wall Street's main indices closing slightly higher, and
commodities and metals prices weaker. When the Sydney Futures Exchange last
traded on Saturday morning, the March share price index contract was
The Australian sharemarket looks set to fall sharply this morning, with key
indicators pointing to a broad-based fall in the order of 2.5 per cent. The SPI
200 Futures - the measure of forward-looking sentiment - were down 115 points -
2.5 per cent - to 4477 after worries on Wall Street
The Australian dollar battled to hold its ground on Wednesday amid uncertainty
whether the latest recovery in risk appetite could last and talk local interest
rates are unlikely to rise as fast as earlier thought. An overnight rally in
growth-linked currencies ran out of fizz on renewed
* Kiwi a touch firmer as risk appetite picks up WELLINGTON, Feb 3 (Reuters) -
The New Zealand dollar was a touch firmer but off its highs on Wednesday as
renewed concerns about China's bank lending policies offset a boost from
increased risk appetite on an improved global economic
Asian stocks advanced for a second day, led by materials producers and energy
companies, as a gain in US pending home sales and Cnooc Ltd. production targets
boosted prospects for corporate earnings. James Hardie Industries , the biggest
seller of home siding in the US, climbed 3.7 per
The currency advanced from near a one-month low after reports showing gains in
U.S. home sales and corporate earnings caused stocks and commodities to rally.
A trade ministry report on Feb. 5 will show Malaysia’s exports rose 11.8
percent in December, marking the biggest gain since September
Tuesday February 9, 2010, 8:29 am SYDNEY, Feb 9 (Reuters) - Australian stocks
are seen lower on Tuesday, as investors continue to fret over the euro zone's
sovereign debt troubles, with sentiment also cautious ahead of the rush of
corporate earnings later this week. Macquarie
