Stocks News

AUSTRALIAN shares were trading higher boosted by gains among big miners and energy stocks after oil reached new highs and metal prices rallied. via AdelaideNow...

"It is not fully over yet, but the signs from the United States are encouraging."

THE end of the credit crisis is getting closer and the US real estate market should recover in the second half of the year, Deutsche Bank Chief Executive Josef Ackermann said in a newspaper interview. via News.com.au

"We have yet to see the full economic fallout from the US credit crunch and housing slump and the rise in interest rates locally. Further profit downgrades are likely and the May-to-October period is often difficult for shares."

THE Australian sharemarket is expected to open higher this morning following gains in commodity prices, including gold, industrial metals and oil, on Friday. via The Sydney Morning Herald

"Things have changed. The numbers we've seen recently haven't been as bad as we were led to believe just a few months ago."

A funny thing happened to the economy on its way to recession: It has taken a detour. via STLtoday

For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. via Currency Trading News

"On the assumption that the budget papers are correct in asserting a savings of $231.6 million in PHI (private health insurance) rebate outlays, then there will be an additional 908,163 people who will rely only on the public hospital sector."

THERE could be a half-billion dollar hole in the Budget after independent accountants found that the Government had underestimated the cost of changes to the Medicare Levy Surcharge. via News.com.au

"If oil prices continue to move up, with Memorial Day coming up, I think traders and investors will be very cautious"

Crude oil future traders work on the floor of the New York Mercantile Exchange. Oil rose to a record $127.82 a barrel on Friday NEW YORK: US stocks will face major obstacles to extending their gains next week ... via Gulf Times

Citigroup Inc. , reeling from record losses, may sell its consumer-banking unit in Germany as part of Chief Executive Officer Vikram Pandit 's plan to replenish capital. via Bloomberg Business News

"The market will do a bit more work around these levels because resources will probably move back"

AUSTRALIA'S All Ordinaries index has smashed through the psychological 6000 level for the first time in more than four months to recover almost half of its losses from the market's peak in November. via NEWS.com.au

Investment bank Lehman Brothers Holdings Inc will begin cutting jobs starting next week, CNBC Television reported on Friday, without citing sources. via Messenger