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Market Report Podcasts

PodcastDirectory / Business / Business - Finance
PodcastDirectory / Regions / UN / Australia

Keep up to date with the Australian market report from leading finance commentator Michael Pascoe. Get the information you need with a morning report and an afternoon wrap covering all the major news and market movers.

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Business - Finance

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Market Report Thursday June 19 - PM

Lots of red ink around today thanks mainly to banks and infrastructure stocks.

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Market Report Thursday June 19 - AM

The Dow dropped 131 points to a three-month low, meaning our market is unlikely to escape a dip today, but key resources prices were higher.

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Market Report Wednesday June 18 - PM

The all ords recovered from earlier falls to finish 24 points higher with resources outweighing financials.

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Market Report Wednesday June 18 - AM

A softer start is predicted for our market today after the Dow dropped 109 points, but the Fed is back-pedalling on its interest rate rhetoric.

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Market Report Tuesday June 17 - PM

Australian stocks close higher on a benign statement from the Reserve Bank while housing starts stall and Allco Finance group rises from the ashes.

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Market Report Tuesday June 17 - AM

The US Federal Reserve hints at future rate rises, high oil prices continue to hinder equity markets.

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Market Report Monday June 16 - PM

Rio Tinto chief executive forced to defend growth prospects, oil prices ease as Saudi Arabia ramps up production and the new name for the merged Oxiana/Zinifex entity is finally revealed.

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Market Report Monday June 16 - AM

The Dow's weekend rally should lift our market this morning, but keep a weather eye out for hot air blowing around Babcock and Brown Wind.

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Market Report Friday June 13 - PM

Anyone remember when financial engineers were considered hot? Babcock and Brown continued to unravel but the all ords finished with a 46 point gain, thanks to resources.

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Market Report Friday June 13 - AM

The Dow finished up 58 points, but well off its highs, while our market prepares for another day of Babcock and Brown speculation.

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Market Report Thursday June 12 - PM

Babcock and Brown was smashed, down nearly 28 per cent, while the overall market was hit by Wall Street's fall and weaker employment numbers.

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Market Report Thursday June 12 - AM

Wall Street dives again, but the makers of Stella are offing US$46 billion for Bud.

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Market Report Wednesday June 11 - PM

The ASX scrambled to a positive close, the all ords up 18 points, thanks to bank stocks bouncing.

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Market Report Wednesday June 11 - AM

Gold was bashed, dropping US$26.90 while oil softened, the greenback firmed and Wall Street did little overall.

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Market Report Tuesday June 10 - PM

Plenty of blood on the floor today - including in the Fosters' executive suite - as the ASX followed Wall Street down.

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Market Report Tuesday June 10 - AM

The Dow recovers some of Friday night's dive as oil retreats 3 per cent, cushioning the fall expected here this morning.

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Market Report Friday June 06 - PM

The ASX was happy to follow Wall Street's lead upwards, despite weak local economic indicators.

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Market Report Friday June 6 - AM

The greenback tumbles, oil jumps, Wall Street bounces - and that should all add up to a nice rally here this morning.

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Market Report Thursday June 05 - PM

Investors bailed from oil and resources stocks, taking the all ords down 1.1 per cent.

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Market Report Thursday June 5 - AM

Wall Street finished mixed despite better economic news but weaker commodity prices will weigh on our market this morning.

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Market Report Wednesday June 4 - PM

First quarter GDP grows by 0.6%, local stocks close higher buoyed by a recovery in financial shares and the Federal Finance Minister Lindsay Tanner says inflation is still a concern.

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Market Report Wednesday June 4 - AM

Wall Street turns down again, mainly thanks to financial stocks, while we await this morning's GDP numbers.

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Market Report Tuesday June 3 - PM

The Reserve Bank was calm, but bank stocks tanked and financial engineers did worse as the credit crunch raised its head via Wall Street.

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Market Report Tuesday June 3 - AM

Our market is set for a fall thanks to weak US financial stocks, but there was good news on US manufacturing.

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Market Report Monday June 02 - PM

Lots of economics and business news today as the all ords finished steady, pushed down by banks, pushed up by resources. And why has Centro been given more time?

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Market Report, Monday June 2 - AM

The Reserve Bank board meets tomorrow to decide if they're geniuses for slowing the Australian economy just enough or mugs for slowing it too quicky.

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Market Report Friday May 30 - PM

The miners took us down, the all ords off 43 points, but the main news was more evidence of the RBA's big stick working.

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Market Report Thursday May 29 - PM

Oil stocks jumped, lifting the all ords 63 points. Even Santos had good news.

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Market Report Thursday May 29 - AM

A better day ahead for our market after a better night on Wall Street on the back of better-than-expected durable goods numbers.

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Market Report Wednesday May 28 - PM

A rather miserable day as the all ords lost 1.1 per cent, led down by resources stocks. Qantas jumped though as it announced a 5 per cent capacity reduction.

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Market Report Wednesday May 28 - AM

Wall Street starts the week with a slight rise, helped by oil coming off the boil as speculators take profits.

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Market Report Tuesday May 27 - PM

The all ords managed a rise, but only by 11 points. Fortescue and ABB were the stars, Perpetual one of the villains.

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Market Report Tuesday May 27 - AM

No US or UK markets to give us a lead today, but the credit crunch is raising its ugly head again.

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Market Report Monday May 26 - PM

Our market lost 1 per cent and IAG lost its CEO, but immediately found another.

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Market Report Monday May 26 - AM

Wall Street's having a long weekend, leaving us to worry about oil prices by ourselves for an extra session.

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Market Report Friday May 23 - PM.wav

The Local market slips as resources firms get pulled down by commodity prices.

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Market Report Friday May 23 - AM

Wall Street manages some small gains, but more importantly, investment-grade corporates are able to sell record numbers of bonds.

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Market Report Thursday May 22 - PM

Oil rises above 135 US dollars a barrel, the local sharemarket is slightly higher on resources stocks and ANZ is in negotiations with creditors of collapsed stockbroker Opes Prime.

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Market Report Thursday May 22 - AM

Deja vu all over again...oil soars, Wall Street slumps, gold and the $A jump.

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Market Report Wednesday May 21 - PM

Another slavish following of Wall Street as the all ords dropped 78 points.

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Market Report Wednesday May 21 - AM

Our market's in for a fall today after Wall Street turned south, the Dow down 199 points, and oil continued to surge.

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Market Report Tuesday May 20 - PM

The Aussie dollar has just cracked the 96 US cent level, but the stock market gave up 40 points thanks to the RBA and Macquarie Bank.

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Market Report Tuesday May 20 - AM

Wall Street finished mixed as oil continued to rise, but the more important news could be an encouraging economic leading indicator.

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Market Report Monday May 19 - PM

The energy sector soared 5.3 % to lift the all ords despite the financial sector weakening.

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Market Report Monday May 19 - AM

Which one has the correct answer, the consumer confidence survey or the investor confidence survey that is out market?

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Market Report Friday May 16 - AM

Look out - the BHP rumour has grown another leg with a report that a Chinese entity is asking an Australian funds manager to team up to buy a 9 per cent stake.

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Market Report Thursday May 15 - PM

A solid sort of day for the market, the all ords up 25 points, but a rather volatile session for our dollar.

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Market Report Thursday May 15 - AM

The BHP rumour helps lift London while surprisingly benign inflation numbers do the job on Wall Street.

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Market Report Wednesday May 14 - PM

Rumours of Chinese interest in BHP and speculation about an improved offer by BHP for Rio worked wonders for the market, the all ords finishing 1 per cent higher.

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Market Report Wednesday May 14 - AM

Nothing in the budget to scare our market, but there's not much of a lead from Wall Street as gold fell and oil rose again.

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Market Report Tuesday May 13 - PM

St George stars as Westpac sets its course to be even more reliant on the NSW economy - does anyone think that's a good idea?

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Market Report Tuesday May 13 - AM

The Federal Treasurer is tipped to give a budget surplus of between $17 and $22 billion, US stocks rise on technology firms like Hewlett-Packard, and oil eases after hitting 126 US dollars a barrel.

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Market Report Monday May 12 - PM

St George in merger talks, home loan applications plunge 13 per cent in two months and Optus joins Vodaphone as a reseller of Apple's iPhone in Australia.

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Market Report Monday May 12 - AM

As Australia awaits tomorrow's federal budget local stocks are seen down following a weak lead from Wall Street on Friday and record oil prices, which hit $US126 a barrel.

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Market Report Friday May 9 - PM

National Australia Banks's first half results shine, Tesltra reaffirms profit guidance for fiscal 2008 while the RBA remains cautious on its economic outlook. The All Ordinaries closes up 1%.

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Market Report Friday May 9 - AM

Oil prices hit a fresh record high, shares in Wal Mart are buoyed by rising food prices and while rates remained unchanged in Europe and the UK.

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Market Report Thursday May 8 - AM

Oil reaches a new high, new regulations for US investment banks and News Corp triples its quarterly profit to $2.7 billion.

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Market Report Wednesday May 7 - PM

The Australian dollar nears a two week high, the number of Australians seeking work rises and rumours that Xstrata will make a bid for Oxiana sees the group rally more than 7%.

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Market Report Wednesday May 7 - AM

Fannie Mae executives spin a positive news story out of a $2.1 billion loss, oil hits a fresh record high of $122.73 and tech stocks rally.

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Market Report Tuesday May 6 - PM

The RBA keeps rates on hold at 7.25 percent and the sharemarket is dragged down half a percent by financial stocks.

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Market Report Tuesday May 6 - AM

Australian shares are expected to fall this morning as sharemarkets around the globe weaken in response to oil hitting fresh record highs of more than $120 a barrel.

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Market Report Monday May 5 - PM

House prices continue to grow, inflation on the rise and a white night for Tricom Equities.

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Market Report Monday May 5 - AM

The Australian market is expected to open stronger this morning after a mild rally in New York on Friday, inspired by middling economic data.

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Market Report Friday May 2 - PM

A federal court ruling scuttles the hopes of Opes Prime clients, NAB is reportedly in talks to purchase Citigroup's local broking arm and stronger than expected retail sales lead to a broad rally pushing the ASX up 2%

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Market Report Friday May 5 - AM

US stocks rise to the highest level since January, commodities fall the most in six weeks as a stronger greenback erodes demand.

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Market Report Thursday May 1 - PM

Building approvals slump, Westpac reports a 10% rise in first half profit and Gloucester Coal makes a significant discovery of coking coal.

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Market Report Thursday May 1 - AM

The Federal Reserve drops US rates to 2%, the lowest level since 2004, figures show US GDP growth was at an annual pace 0.6% for the first quarter and stocks close lower.

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Market Report Wednesday April 30 - PM

British Gas launches a $13 billion dollar bid for Origin, Centro secures yet another extension on its debt facility and new home sales hit a seven month low.

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Market Report Wednesday April 30 - AM

A stronger greenback, weaker oil and metals prices, but the main game is waiting around for the Federal Reserve move tonight.

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Market Report Tuesday April 29 - PM

The all ords started higher, went lower - and finished doing nothing despite gold stocks diving and property trusts jumping.

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Market Report Tuesday April 29 - AM

A flat Wall Street session as the market awaits the Federal Reserve's move on Wednesday.

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Market Report Monday April 28 - PM

Bank stocks jumped but resources stocks went the other way, leaving the all ords up just 12 points.

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Market Report Monday April 28 - AM

Wall Street fought off a poor consumer expectations survey, the financial stocks leading, while our dollar made like a yo-yo.

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Market Report Thursday April 24 - PM

A dull finish to the short trading week, the all ords down 53 points. Maybe it will all look better after a long weekend.

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Market Report Thursday April 24 - AM

Boeing led Wall Street a little higher overnight, while Apple promises to do the same this evening.

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Market Report Wednesday April 23 - PM

Despite Wall Street falling, the CPI jumping and ANZ's profit declining, the Australian market jumped 1.5 per cent.

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Market Report Wednesday April 23 - AM

The Dow dropped 105 points, hurt by yet another record oil price and weak corporate outlooks.

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Market Report Tuesday April 22 - AM

Wall Street was a little lower after Friday night's big rally - a touch more realistic about the on-going credit crunch.

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Market Report Monday April 21 - PM

The local market bought the Wall Street optimism that the worst might be over for the banks - and up went the all ords by 2.8 per cent.

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Market Report Friday April 18 - PM

We started the week with a loss and finished with a loss, down 83 points, but there was lots of fun in between.

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Market Report Friday April 18 - AM

A flat finish on Wall Street with Nokia a big loser but Merrill Lynch shares up 4%.

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Market Report Thursday April 17 - PM

A one per cent rise today, but that's only about half of where the market was early on.

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Market Report Thursday April 9 - PM

Consumer sentiment takes a battering, investors get excited about the latest Chinese share raid rumour but weaker bank stocks keep the bourse in the red.

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Market Report Wednesday April 9 - AM

The IMF forecasts the sub prime crisis to cost one trillion dollars.

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Market Report Monday April 8 - PM

Opes Prime clients to get 30c to the dollar, Babcock and Brown stump up another $5 million for Tricom and business confidence slumps to the worst levels since September 2001.

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Market Report Monday April 7 - PM

The banks tanked thanks to ANZ ballooning bad debts provisions, but the resources sector saved the day, all ords up 20.

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Market Report Friday April 4 - PM

Another 18 points for the all ords thanks to mining stocks and a dovish RBA, but the market finished the day off its highs.

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Market Report Friday April 4 - AM

Wall Street manages slight gains ahead of employment numbers tonight, but that should be enough to give the ASX a positive start.

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Market Report Thursday April 3 - AM

Wall Street basically flat after yesterday's big surge, but nothing from the Fed that the market didn't already know.

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Market Report Wednesday April 2 - AM

Wall Street roars into the June quarter seeing the glass half full and rising, the Dow up 391 points.

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Market Report Tuesday April 1 - PM

A mixed effort but we'll take any slight gains we can get - the miners keeping the all ords positive, if only just.

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Market Report Monday March 31 - PM

Could that have been window dressing among the property trusts that gave our market an 8 point rise today? Meanwhile the Opes scandal spreads...

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Market Report Friday March 28 - PM

Oops! Opes stockbroking broken - overshadowing the market's partial comeback this afternoon.

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Market Report Friday March 28 - AM

Disappointing tech stocks took Wall Street lower but commodities held up against a firmer greenback - looks like deja vu for our market.

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Market Report Thursday March 27 - AM

The Wall Street rally came to an end, the Dow down 110 points on renewed recession concern.

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Market Report Wednesday March 26 - AM

Wall Street finished more or less flat after a very sharp fall in consumer expectations, but commodity prices improved.

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Market Report Tuesday March 25 - PM

The ASX played catch up with the Wall Street rally as our troubled financial engineers jumped.

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Market Report Thursday March 20 - AM

Four steps forward, three steps backward for Wall Street as the Dow drops 293 points and commodity prices slide.

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Market Report Wednesday March 19 - AM

The Fed threw a party and Wall Street came, the Dow soaring 420 points on the 75 point cut in the cash and discount rates.

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Market Report Tuesday March 18 - PM

Wall Street didn't panic overnight, so ASX players didn't panic today either, but weaker metals prices took the miners down.

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Market Report Monday March 17 - PM

Property trusts and financial stocks bore the brunt of the Bear Sterns fallout, taking the all ords to another 18-month low.

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Market Report Friday March 14 - PM

The Australian stockmarket rallied today, buoyed by takeover news and stronger commodity stocks. The unbridled optimism was in stark contrast to the mood in New York overnight where the index recovered from 136 points down to close just up on the session.

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Market Report Friday March 14 - AM

Stocks in the US were stronger overnight on gold prices and on a report from Standard & Poor's suggesting that the worst may be over.

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Market Report Thursday March 13 - AM

The US stockmarket rally was short lived with traders not convinced that the US Federal Reserve's bail out package will save the day.

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Market Report Wednesday March 12 - AM

The Australian share market is expected to open much stronger after news of a $200 billion liquidity injection.

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Market Report Tuesday March 11 - PM

A new 18-month low for the market as resources stock dived, but financials found some bargain hunters for a bounce.

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Market Report Monday March 10 - PM

New lows for the year on the back of Wall Street, but the banks partially bounced on bargain hunting.

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Market Report Friday March 7 - AM

Stocks are expected to open lower today after mortgage foreclosures in the US.

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Market Report Thursday March 6 - PM

The run of losses comes to an end, but don't trust the ASX to tell you.

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Market Report Thursday March 6 - AM

The Australian stockmarket is expected to open flat today after an erratic session of trade in New York.

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Market Report Wednesday March 5 - AM

Stocks are expected to open weaker today as Ben Bernanke urges banks to forgive defaulting mortgage holders.

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Market Report Monday March 3 - PM

The Wall Street lead saw our banks lead the carnage as the all ords lost 2.9 per cent.

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Market Report Friday February 29 - AM

Record gold, oil and copper prices as the greenback drops, Wall Street eases and our dollar flies.

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Market Report Thursday February 28 - PM

Private capital investment and our dollar soar, but the bears were back among the stocks, tearing down the financials in particular.

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Merket Report Thursday February 28 - PM

A mixed performance on Wall Street overnight despite promises of more interest rate cuts. And that slammed the US dollar, boosting ours to 94.2 US cents.

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Market Report Wednesday February 27 - AM

A US$15 billion share buyback by IBM gave Wall Street a rally despite poor inflation, housing and Google news.

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Market Report Tuesday February 26 - PM

A dramatic day's trading, especially for Eddie Groves' ABC Learning. Meanwhile Woolworths has been doing its bit for inflation.

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Market Report Monday February 25 - AM

At last - a positive lead from Wall Street to start the week as the banks bail out a major bond insurer.

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Market Report Friday February 22 - PM

TGIF - and another day's volatile trading is over with the market down just 0.3 per cent and Caltex the biggest loser.

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Market Report Friday February 22 - AM

Yet another whipsaw performance on Wall Street, the Dow finishing down 143 but precious metals hit new record highs.