Business

S&P/ASX 200 at 08:38 AM

4165.528 0.0 0.00%

Market Reports

Stocks poised for sluggish start

A man uses binoculars as he monitors stock movements at a stock exchange in Shenyang, the capital of northeast China's Liaoning province May 23, 2007. China's main stock index surged 1.54 percent in heavy trade on Wednesday, hitting a new all-time high, as yuan strength boosted the property sector and positive local media reports about the share market buoyed sentiment.  REUTERS/Stringer (CHINA) 8:24am | Australian shares set for a weak opening following a late retreat on US markets overnight and continued political uncertainty in Europe.

Around the market

Dow Jones 12598.55 -33.4 -0.26%
Nasdaq 2874.04 -19.7 -0.68%
Hang Seng 19259.83 0.0 0.00%
AUD/USD 0.9917 0.0000 0.00%

Dow Jones - end of day pricing.

Market News

Storm in parting of the red sea

Stockmarkets reeled as dismay swept their halls on the winds blowing from increasingly uncertain Europe and China.

US Fed officials eye further action to boost growth

Several Federal Reserve policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery going, minutes of their last meeting showed.

Facebook CEO Mark Zuckerberg

Zuckerberg eyes $12.1b birthday present

Facebook has raised the price range on its IPO to $US34 to $US38 a share in response to strong demand, sources say, giving the social network a valuation exceeding $US100b.

Insider Tips

Is it time to sell BHP?

... NATHAN BELL 14 May | Investors in commodity businesses have long worried about lower prices and China. Now there are two more reasons to fret: pigs and shale gas.

Director's & Substantial shareholders Dealings

08:35 AM NST Change in substantial holding
08:35 AM CGM Change in substantial holding
08:35 AM AMX Final Director`s Interest Notice
Range River Gold.

Tide recedes in river of gold for Calvert-Jones

Poor John Calvert-Jones, brother-in-law to Rupert Murdoch, has turned $7 million into $120,000 from a seven-year attachment to soon-to-be-rebirthed Range River Gold.

Currencies

Dollar edges higher on positive US housing data

8:03am | The Australian dollar has moved back above 99 US cents following the release of positive American housing data.

AUD/USD Buys: 0.9917 Sells: 0.9912 0.0000 0.00%
AUD/EUR Buys: 0.7798 Sells: 0.7796 0.0002 0.03%

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