Member access

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

MARKET COMMENT : S&P/ASX 200 Up 1.4% As Buyers Resurface

02/21/2013 | 07:42pm US/Eastern

0026 GMT [Dow Jones] Australia's S&P/ASX 200 surges 1.4% to 5047.7, putting it on track for its biggest rise since July 27, after falling 2.3% yesterday, its biggest decline since May 18. "It was massively oversold yesterday," says a senior trader at a major broker. "There are still a lot of people looking to buy the dip," says another trader. Analysts say the market over-reacted to the Fed minutes. "I think people got the minutes very wrong," says Chris Weston, chief market strategist at IG. "There's obviously a healthy debate in the Fed, but anyone who sold on the minutes will be disappointed because voting Fed members remain dovish, and Fed Chairman Bernanke is likely to confirm that next week." Mr. Weston says Friday's "snap-back" rally confirms the strong demand for Australian equities. He sees tonight's German IFO business survey data and the extent of repayments on the ECB's long-term refinancing operation as the next catalysts, and adds that the Australian market isn't too concerned about Italian elections at the weekend. (

Contact us in Singapore. 65 64154 140; 

Subscribe to WSJ:

Latest news
Date Title
<1m ago AVIAAM LEASING : Airworthiness of your credits: choosing the right model for aircraft financing
<1m ago MOSMAN OIL AND GAS : Annual Accounts for the financial year ended 30 June 2014
<1m ago SYNERGY HEALTHCARE : Form 8.3 - Steris Corporation
<1m ago MIFA MITTELDEUTSCHE FAHRRADWERKE : Voting rights notifications_§ 21_§ 25a_20141024 pdf, 24.38 KB
<1m ago IDB INTER AMERICAN DEVELOPMENT BANK : moves to improve water and sanitation services in Belém, Brazil
<1m ago AVIAAM LEASING : Uneasy task to profit from shares of foreign companies
<1m ago ABG SUNDAL COLLIER ASA : defends leading positions in Prospera
<1m ago RESEARCH AND MARKETS : Global Left Ventricular Assist Device (LVAD) Market Report: 2014 Edition
<1m ago Dunkin’ Donuts Franchise Owners Gather in Las Vegas to Assess Threats, Opportunities in Beverage, Breakfast and Snack Business
1m ago PEARSON : Lets Talk Computers: Michael Miller from Que Publishing and Mike McCandless from Apricorn to be interviewed on Let's Talk Computers ®, airing on 10/24/2014
Latest news
Hot News 
4IMPRINT : Full Year Expectations Underpinned By Strong Third Quarter
INFINERA : Appoints James Laufman as General Counsel
CABELAS : Cabela's® Announces Plans for Two New Stores
YELP INC : Yelp Inc. Falls after Missing Estimates; Cocrystal Pharma, Inc. Develops Ebola Screening Technology
MATERION : Reports Third Quarter Financial Results; Reports Strong Sales Growth and Margin Expansion; Declares Fourth Quarter Dividend
Most Read News
1d ago AMAZON : took $170 million charge in Q3 on phone inventory, supplier costs
1d ago JUNIPER NETWORKS : AMC Networks buys 49.9 percent stake in BBC America
1d ago LOCKHEED MARTIN : Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets
8h ago PFIZER : authorises share repurchase
1d ago Microsoft sales beat Street hopes, cloud profits up
Most recommended articles
4m ago Angry British PM Cameron says won't pay 'unjustified' EU bill
9m agoDJU.S. HOT STOCKS : Hot Stocks to Watch
10m ago UPS CEO : firm is ready for peak season challenges
21m ago CHIQUITA BRANDS : says sweetened Cutrale-Safra offer not superior
21m agoDJLYONDELLBASELL NV : Files 8K - Regulation FD
Dynamic quotes