Sydney 11.11.2011 - For weeks ending the Australian Stock Exchange was very conciliatory. Was still not entirely clear at the beginning where the journey goes so neat to put the indexes in the second half of trading. The Stock Exchange was recorded at the end of a small plus weeks.
The values gained on a broad front and were able to up some of yesterday's losses to reverse.
The All Ordinaries index 50 left the trade at a premium of 1.2 percent to 4358.60 points and the S & P / ASX 200 also up 1.2 percent to 4295.50 points. Were yesterday each index in the red zone, so they could leave today with a plus sign from the market.
The Aussie dollar is trading at 1.059 to one U.S. dollar.
On 28 November will start the ASX, a new platform for high-frequency trading in order to defend its market leadership.
Many headlines from Europe, it had in them. Thus, the creditworthiness of France by the U.S. rating agency Standard & Poor's was once accidentally stepped down. Of course, France retains its premium rating of "AAA" with stable prospect tried shortly after the leaders of the high impact of the waves flatten. In the face of very fragile anyway markets, such Fehläuserungen are more than just venom and obviously enhanced by the question of the usefulness of the rating agencies.
The second headline was the drastic reduction of the European economic growth to 0.5 percent.
A positive effect against this shock news of new transitional President of Greece. They had to agree on the former Vice-President of the European Central Bank (ECB), Lucas Papademos.
In Italy, the changing of the guard seems to be getting closer. For the successor of Prime Minister Berlusconi, Former European Commissioner Monti is traded.
Support for the markets came from the USA. The latest data on U.S. labor market showed that in the last week, so few Americans for the first time presented a request for unemployment not seen since early April. The number dropped, according to the Ministry of Labour, by 10,000 to 390,000. In the end, deliver the Dow with a gain of one percentage point a good target for today.
For the Australian market was the Finance Minister, Wayne Swan, on the Asia-Pacific Economic Forum, and calmed the region.
He expressed the view that Asia can decouple itself, not from the U.S. and Europe, but the region is in a much stronger position than those named. Although a weak global growth means slower growth in our region, but the stronger position now affects positively, Swan said.
It is not surprising that urged the participating U.S. Treasury Secretary, Tim Geithner, the region and particularly Asia, to do more to global growth to keep going.
The Australian Financial Index XFJ could leave today with a gain of 1.2 percent. After yesterday had lost the relatively strong financial stocks gaining ground, they rose 0.2 percent today to between 1.7 percent and were somewhat equalized by the losses.
The next week the Commonwealth Bank will release its quarterly results.
Talk about oneself made today at the local stock exchange, the chemical company Orica, the Group had its Kooragang Iceland system out of service after it had a leak in the line and reached the suburbs of the exit of its investment. After the message is known, rushed down the stock, but then recovered and finished at the end of the session, even with a gain of 0.8 percent to 25.70 AUD.
Also makes the headlines again and again, the airline Qantas Airways today joined once to a positive message.
It has received approval for a joint business agreement with American Airlines, which will coordinate the services in the future between the U.S., Australia and New Zealand.
Qantas was a strong increase of 2.2 percent to 1.62 AUD from trading and sets his course for recovery is continuing.
In the gold sector in Australia remained relatively comfortable, even if the price had yielded. The gold went XGD index with a rise of 0.9 percent from the market.
With him also passed the heavy weight of this sector, the Newcrest Mining, with an increase of 1.4 percent and ended up with 36.90 AUD to its highest level in four weeks.
Silver Lake yesterday had reached with 6.6 percent gain a new record high of 3.56 AUD. Of these, the stock was at 0.56 percent today from 3.54 AUD.
The metals & mining index also gained 1.1 percent XMM.
Among the winners can be found including the Atlas Iron. Their boss, David Flangan, said that the company will build the planned railway line to the Pilbara iron ore project under circumstances alone should have no holdings found. The project will reduce in the coming year and 6 million tonnes of ore per year to be in perspective, a performance increase of 15 million tons. The Atlas share could increase by 1.6 percent to 3.23 AUD.
The heavyweight rival Fortescue Metals wondering after yesterday's crash of over 8 percent, up 2.8 percent today to 4.82 AUD.
Gindalbie Metals rose by 1.85 per cent to 55 cents. The new flagship that is ore project Karara in Western Australia, later to be launched as planned, the chairman George Jones. Delivery are fundamental difficulties for the accessories. The plan costs from $ 2.57 billion but is met, said Jones.
As was announced yesterday, the Western Australia region will be increased sharply in the coming years, its tax revenue to 1.9 billion dollars. Reason is the increase in license fees, especially from the heavyweights Rio Tinto and BHP Billiton today This could gain by 0.74 percent and 0.85 percent.
Among the winners of today's trading was strong the metal recycler Sims Metal. The stock recorded a premium of 3.1 percent to 13.26 AUD.
Yesterday came the unpleasant news for Lynas Corp. from Malawi. The investor was indifferent and the stock closed today by another 3 percent to 1.2 AUD upwards.
A veritable explosion of course lay down the Mining Group. The stock shot up 31.6 percent to 50 cents upwards.
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