Growth data pumps shares to highest close since June 2008
Australian shares have closed at their highest in more than five-and-a-half years.
Stock Ticker
- AGK AGL ENERGY LIMITED 0.33%
- AIO ASCIANO LIMITED -0.18%
- AMC AMCOR LIMITED 1.18%
- AMP AMP LIMITED 1.69%
- ANZ ANZ BANKING GRP LTD 1.06%
- APA APA GROUP 0.46%
- ASX ASX LIMITED 0.38%
- AZJ AURIZON HOLDINGS LTD 0.19%
- BHP BHP BILLITON LIMITED 1.18%
- BXB BRAMBLES LIMITED 1.80%
- CBA COMMONWEALTH BANK. 0.79%
- CCL COCA-COLA AMATIL -0.96%
- CFX CFS RETAIL TRUST GRP 1.02%
- CPU COMPUTERSHARE LTD 3.09%
- CSL CSL LIMITED 0.25%
- CWN CROWN RESORTS LTD 0.62%
- DXS DEXUS PROPERTY GROUP 1.40%
- FMG FORTESCUE METALS GRP -0.75%
- FOX TWENTY-FIRST FOX INC 1.14%
- GMG GOODMAN GROUP -0.21%
- GPT GPT GROUP -0.27%
- IAG INSURANCE AUSTRALIA 0.37%
- ILU ILUKA RESOURCES 2.53%
- IPL INCITEC PIVOT 0.95%
- LLC LEND LEASE GROUP 1.64%
- MGR MIRVAC GROUP 0.29%
- MQG MACQUARIE GROUP LTD 1.69%
- NAB NATIONAL AUST. BANK 0.89%
- NCM NEWCREST MINING 0.26%
- ORG ORIGIN ENERGY 1.72%
- ORI ORICA LIMITED 0.46%
- OSH OIL SEARCH LTD 0.68%
- QAN QANTAS AIRWAYS 0.44%
- QBE QBE INSURANCE GROUP 0.32%
- RIO RIO TINTO LIMITED -1.55%
- SGP STOCKLAND -0.51%
- SHL SONIC HEALTHCARE 1.16%
- STO SANTOS LTD 0.72%
- SUN SUNCORP GROUP LTD 1.15%
- SYD SYD AIRPORT 1.94%
- TCL TRANSURBAN GROUP 0.14%
- TLS TELSTRA CORPORATION. -0.20%
- TOL TOLL HOLDINGS LTD 0.76%
- WBC WESTPAC BANKING CORP 1.72%
- WDC WESTFIELD GROUP -0.48%
- WES WESFARMERS LIMITED 1.01%
- WOR WORLEYPARSONS LTD -1.21%
- WOW WOOLWORTHS LIMITED -0.06%
- WPL WOODSIDE PETROLEUM 0.55%
- WRT WESTFIELD RETAIL TST -1.59%
Key Stories
Chinese property splurge: who wins?
A raft of local businesses could benefit from the big surge in Chinese property investment in Australia.
Coles unveils massive $1.1b expansion
Coles has unveiled plans to invest $1.1 billion over the next three years building 70 new supermarkets and creating more than 16,000 jobs.
Economy picks up steam
Consumers spending more and saving less has helped the Australian economy grow by a stronger than expected rate in the last three months of the year.
Tripp buys Betezy to take on Sportsbet
After selling Sportsbet to Irish wagering giant Paddy Power in 2011, Matthew Tripp has quietly brought together the original Sportsbet investors to take on their old employer.
Glencore's Glasenberg eyes BHP, Rio deals
Glencore ready to “kick the tyres” as big miners look for deals that cut costs.
Good news and a game of two halves
What are the odds that the final six months of this financial year will be better than the first six months?
- China Trade China to accelerate Australia FTA
- Aviation Aviation Qantas respects decision, says Joyce
- Property Property Chinese in $24b property splurge
- Banking and Finance Banking Money talks: Borrowers lured by banks
Market Indices
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March 5, 2014 - 9:16AM
March 5, 2014 - 9:16AM
Last updated:
March 5, 2014 - 4:00AM
March 5, 2014 - 4:00AM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8963 | 0.10% |
| Euro | |
| 0.6526 | 0.18% |
| British Pound | |
| 0.5378 | 0.06% |
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Markets Live: ASX back to 2008 highs
Live
Shares close at their highest since June 2008 on upbeat fourth quarter GDP figures and on signs a military confrontation between Russia and Ukraine might be averted.
In Depth
Watching the watchdog
Serious questions have been raised about insider trading by employees at the US Securities and Exchange Commission
Ukraine: Pressure, but no need to panic
How much should investors worry about Ukraine after Russia's military intervention?
Boost for Australian online retailers
Shoppers have embraced the concept of buying online and collecting their purchases from a store.
Trading Room
Cult of dividends a 'dangerous obsession'
Australian companies are directing their cash towards dividend-hungry investors.
Listen up: all that glisters might just be a golden rule
One of the golden rules of investing: 'If you're counting your money it's time to sell.'
Business News Wire
Markets
US stocks rally as Russia-Ukraine tensions ease
US stocks rallied overnight, with the S&P 500 at a record high, as fears eased of a confrontation between Russia and Ukraine.
Stocks bounce back as Putin tones down rhetoric
Global investors breathed a sigh of relief after Russian President Vladimir Putin declared there was "no need" yet to send troops into Ukraine.
$A readies for another crack at US90c after GDP surprise
The Australian dollar rose higher on the back of better-than-expected fourth-quarter growth figures, shrugging off the Reserve Bank of Australia's latest attempt to talk it down.
- ASX Banks lead market higher
- Wall Street US stocks sink on Ukraine worries
- Commodities Gold surges higher on Ukraine tensions
- ASX Bargain hunting stems Ukraine fear losses
- Markets China response to Ukraine is key
- Currencies Dollar dips under US89c as Ukraine tensions mount
- Resources Gold production hits a 10-year high
- Wall Street Ukraine worries temper US market highs
- What's on this week Business calendar for March 3 - 7
$A will be big in Japan
Search Quotes & Charts
The Economy
Australia's GDP figures beat expectations
Consumers spending more and saving less has helped the Australian economy grow by a stronger than expected rate in the last three months of the year.
Housing recovery gains steam
Building approvals have jumped to their highest monthly growth in more than a decade, as Australians continue to take advantage of record low interest rates.
Fruit and veg will keep RBA on the sidelines
Amid another round of very mixed economic data, it's a the rise in consumer prices, including fruits and vegetables, that is set to keep the Reserve Bank sitting on the sidelines.
- Jobs Job ads show strong growth in February
- Property House price growth takes a breather
- Economy 'Worrying signs': inflation lifts again
- Economy Manufacturing takes backward step
- Markets RBA not likely to be rushed into rate shift
- Opinion We're now a nation of rent-seekers
- Agribusiness Fonterra calls for penalty rate review
- Economy New headache for RBA
Retail
Coles unveils massive $1.1b expansion plan
Coles has unveiled plans to invest $1.1 billion over the next three years building 70 new supermarkets and creating more than 16,000 jobs.
'Click and collect' boost Australian online retailers
Shoppers have embraced the concept of buying online and collecting their purchases from a store.
Banking & Finance
Money talks: Banks look to entice customers
Banks are increasingly offering borrowers cold hard cash in an attempt to sign them up as mortgage customers.
NAB cuts fixed rates as competition heats up
National Australia Bank has cut a range of fixed home loan interest rates, as competition in the mortgage market heats up.
Mining & Resources
Glencore chief Ivan Glasenberg eyes deals with BHP, Rio
Glencore ready to “kick the tyres” as big miners look for deals that cut costs.
Hopes high for zinc but Glencore profits down
Swiss commodities company Glencore Xstrata suffered declining profits in each of its Australian mining sectors, according to the company's full-year results.
World Business
US budget released, steady growth predicted
The White House projected a steady fall in the US deficit over the next decade while the economy grows moderately, as it released its budget for the 2015 fiscal year.
Adviser urges shun of 21st Century Fox delisting
Shareholders should reject a push by Rupert Murdoch's entertainment business to delist from Australia, a prominent proxy adviser says.
- Global Ukraine crisis puts pressure on Russia's economy
- Resources Wealth fund may ditch Australian resource firms
- G8 G7 condemns Russia over Ukraine
- Currency Lost faith in Mt. Gox exchange triggered collapse
- Investment Warren Buffett hints at more Heinz-style deals
- Gaming Adelson bets $10b to win Japan's casino race
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China
'Whatever it takes': China sets 7.5% growth target
China retained a target for 7.5 per cent economic growth in 2014, signaling limits on the leadership's efforts to curb pollution and credit expansion in the world's second-largest economy.
Chinese auction house raises $US331m in HK
Poly Culture Group Corporation, a state-backed company that operates one of China's biggest auction houses, raised $US331 million in an initial public offering in Hong Kong on Friday.
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Property Focus
Flagship St Kilda Road office block on market
Frank Wolf's Abacus Property Group is set to list a prime St Kilda Road office block, with price expectations around $90 million.
Westfield close to Derby sale, focus on London
Westfield Group has moved a step closer to selling its interest in the Derby shopping mall in the UK to Intu Properties.
Zumbo patisserie: Designers find fresh angle
Graduates provide a fresh angle to a new patisserie.
The heights of fashion
- Residential Developer Neometro builds up social contribution in Fitzroy project
- Property House price growth takes a breather
- Commercial Property H&M signs leases for major foray into Oz fashion
- Property North Fitzroy terrace sale sets surburb record
There's no other site like DJs
Chinese buyers fuelling hotspots
Chinese buyers are pushing demand in some Sydney suburbs to levels not seen in a decade.
Executive Style
Australia's best suit shops
There are many places for men to get well suited. Here are 15 of the best.
Money
Oil support hints at crude awakening
The oil market seems set for some action, with the charts showing growing professional support with price rises likely.
Pay balance in full - or face penalty
It's all there in the small print - but customers who pay off most of their debt face geting hit with all of the interest.
Small Business
Australia's coolest offices
Indoor basketball courts, 'yarn bombing' features and graffiti are sexing-up the Aussie workplace.
Do you use apostrophes properly?
Sadly, too many of us don't.
Business Video
Facebook in talks to buy drone maker
Facebook is in talks to buy drone company Titan Aerospace as part of its goal of making the internet available to everyone on the planet, according to reports.
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Comment & Analysis
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Rich list gives Clive a big leg-up
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