Australia Stocks


Australia Stocks

The ASX Limited (ASX) is Australia’s primary exchange and ranks in the top 10 largest in the world. Australia’s economy is one of the largest capitalist economies in the world and greatly depends on its service and mining industries. Australia also heavily depends on its trade with China.

As Australia continues its recession-free streak of over 20 years, CommSec chief economist Craig James said, “Australia has a Goldilocks economy – not too hot, not too cold, in fact just about right.”

Trade of the Day: Guggenheim CurrencyShares Australian Dollar ETF (FXA)

By Ken Trester
I think the U.S. dollar is going to fall from here, so I’m more interested in foreign currencies.

Australia Looks Ugly After Latest Data Dump

By Jeff Reeves
Australia may be one of the world's strongest economies, but it's looking sluggish right about now and investors should be cautious.

Why They Should Learn Mandarin in Australia

By Ivan Martchev, InvestorPlace Contributor
The intensifying Aussie-Sino trade relationship offers numerous investment opportunities to bank on Chinese growth.

9 Top Australia Investment Options

By InvestorPlace Staff
When investors were looking for emerging markets that were still enjoying growth during the massive financial crisis and recession of the west, many overlooked the gem down under that is Australia. The Pacific nation enjoyed growth in every quarter except for one in the past few years, avoiding the technical definition of a recession.

Peabody Bid for Australia Coal Gets Boost (BTU, BHP, RTP)

By Paul Ausick
US coal giant Peabody Energy Corp. (NYSE: BTU) got some help today with its bid for Australia coal miner Macarthur Coal. Macarthur has dropped its previously agreed merger with another Aussie coal company, Gloucester Coal. Peabody's offer would have been withdrawn if the Macarthur-Gloucester tie-up had gone through.

China and U.S. Race for Australia’s Coal (BTU, YZC, CEO)

By Paul Ausick
Australia leads the world in coal exports, with some 261 million metric tons shipped in fiscal year 2009. The country produces two main types of coal: black coal, much of which is exported; and brown coal, most of which is burned in Australia to generate electricity. Stocks involved include Peabody Energy (BTU), Yanzhou Coal (YZC) and CNOOC Ltd. (CEO).