The Sydney Morning Herald - Business News, World News & Breaking News in Australia

Business, Finance and Market News

S&P/ASX 200 at 06:30 PM

6533.1 88.6 1.37%

Market Report

Financial strains dim US outlook

Bernard Bernanke US Fed Reserve Governor  2:51pm | Federal Reserve chairman Ben Bernanke said today a resurgence in financial strains in recent weeks had dimmed the outlook for the US economy, signalling an openness to lowering interest rates again.

Around the market

Nasdaq 2089.1 -13.32 -0.63%
CAC - - -%
Hang Seng 28643.61 161.07 0.57%
AUD/USD 0.8847 0.0022 0.2500

Market News

Wall Street mixed as investors eye rate cuts

US stock markets ended mixed although the leading Dow Jones Industrial Average finished higher for the fourth straight trading day as investors set their sights on lower interest rates.

Bourse rebounds on US hopes of rate cut

ASX Australian stocks turned around a poor start to rise 1.4 per cent after the US Federal Reserve chairman, Ben Bernanke, reignited hopes for another US rate cut by Christmas.

Latest market videos

Market Wrap - Updated 05:43pm 30/11/07

Video | Audio

Midday Market - Updated 12:36pm 30/11/07

Video | Audio

Aust Market - Updated 09:35am 30/11/07

Video | Audio

US Market Wrap - Updated 09:24am 30/11/07

Video | Audio

Stock Watch - Updated Wed 11:29am 28/11/07

Video | Audio

PM Market Report

November 30

with Michael Pascoe

A strong finish to the week and month thanks to banks and resources stocks, the all ords up 86 points.

Insider Tips

Seven stocks hold the key to boom or bust

Wall St bull MARCUS PADLEY You have heard of the Magnificent Seven, the stocks that dominate the Australian stockmarket.

Director's & Substantial shareholders Dealings

06:30 PM ABS Change in substantial holding
06:30 PM ARW Final Director`s Interest Notice
06:30 PM ARW Final Director`s Interest Notice
malcolm maiden

Risk of contamination grows

Disconnect between sharemarkets and credit squeeze continues.

Forex

Dollar eases after quiet trade

 12:04am | The Australian dollar opened slightly weaker today after what was largely a lacklustre night of trade during the New York session.

AUD/USD Buys: 0.8847 Sells: 0.8844 0.0022 0.2500
AUD/EUR Buys: 0.6045 Sells: 0.6042 0.0060 1.0000
dollar

Finance watch

VIDEO What's the outlook on the Aussie market.