After languishing underwater earlier the session, the Aussie market has roared to life in the last hour on the back of some positive announcements out of Europe.

The XJO traded as low as 4032 but has since jumped to as high as 4105.

The index is currently holding around 4090, approximately 45 points (+1.1%) to the good.

The gains are widespread, with the clear majority of sectors in the green; industrial and energy stocks lead the way, whilst IT and consumer staples stocks the weakest links.

In company news, St Barbara (-14.2%) and Allied Gold Mining (60.1%) has announced it has planned to merge the two companies to create a combined group with a market value of around $1 billion.

Elsewhere, David Jones has jumped 13.7% after announcing that it has received an unsolicited takeover approach from a non-incorporated U.K. entity.

Around the region, Asian markets are mainly stronger; the Hang Seng is up 2.3% whilst the Shanghai Composite is up just 0.1%.

The Nikkei remains underwater, down 0.1%.

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After a solid start, the Aussie market has fallen away sharply so far today.

 

The XJO traded at a high of 4074 but has since fallen away sharply to presently be trading at 4050.

 

The index is just above water, currently five points (+0.1%) ahead.

 

Despite the turnaround, most sectors are still in the green, with consumer discretionary and materials plays leading the way.

 

IT, Utilities and telcos are the worst performers.

 

In company news Santos has plummeted 6.1% after it announcing a 15.6% blowout in spending on developing the $2.5 billion GLNG project in Queensland.

Elsewhere, Caltex has climbed 1.2% after upgrading its earnings guidance for the 1H FY12. The company now expects a net profit between $185 million and 205 million, up from $113 million a year earlier.

 

Around the region, Asian markets are mixed; the Hang Seng (-0.1%) and Shanghai Composite (-0.3%) are weaker, whilst the Nikkei (+0.9%) is stronger.

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The Aussie market is underwater so far today, following on from the bearish leads provided by international markets last night.

The XJO is down approximately 20 points (-0.5%), holding around 4010.

Materials, energy and industrials are the weakest links, whilst healthcare, IT and utilities stocks are the strongest performers.

Seven West Media has plummeted 9.9% after confirming its FY12 guidance and announcing CEO David Leckie would step down from his role and will be replaced by former Woodside Petroleum CEO Don Voelte.

Elsewhere, Billabong shares have jumped 9.4% after founder and largest shareholder Gordon Merchant said he is open to another takeover bid for the company.

Around the region, Asian markets are mainly weaker; the Shanghai Composite (-0.6%) and Nikkei (-0.5%) are the stragglers.

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The Aussie market is underwater so far today, following soft leads from international markets last night.

The XJO is presently down 30 points (-0.7%), at 4105.

The losses are widespread, with most sectors in the red; IT and materials stocks are the weakest links.

In company news, Billabong has announced a $225 million capital raising as it attempts to strengthen its balance sheet by paying down debt.

The raising will be at $1.02 a share, a massive 44% discount to its previous closing price.

Around the region, Asian markets are mainly weaker; the Hang Seng is off 1.1% whilst the Shanghai Composite is down 0.8%.

The Nikkei is the exception, up 1%.

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The Aussie market is slightly weaker so far today, with the local bulls finding little direction from the leads provided by international markets last night.

The XJO is 15 points (-0.3%) underwater, presently trading around 4125.

The losses are fairly widespread, with most sectors underwater; energy, IT and consumer discretionary stocks are the weakest links.

Conversely, defensive healthcare and consumer staples stocks are the strongest performers.

In company news Unilife Corporation has jumped 4.6% after announcing it had signed a seven-year commercial supply contract with a pharmaceutical company for the ready-to-fill (prefilled) syringe.

Elsewhere Samson Oil and Gas has plummeted 32.9% after releasing an operational update which disappointed.

Around the region, Asian markets are mainly weaker; the Hang Seng is down 0.2% whilst the Nikkei is off 0.3%

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The Aussie market has surged higher this morning, on the back of the positive leads provided by international markets on Friday night and the growing likelihood that pro austerity parties will form government in Greece.

The XJO is presently 70 points (+1.7%) stronger, holding around 4125.

Nearly all sectors are in the green, with energy, financials and industrials the pick of the bunch, whilst telcos are the laggards.

In company news, Fairfax has climbed 7.4% after announcing job cuts and a paywall for some of its news websites.

Elsewhere, Lynas Corp has jumped 9.3% after a bid to block the company building a processing plant in Malaysia was dismissed.

Around the region, Asian markets are enjoying similar strong gains to the Aussie; the Hang Seng is up 1.7% and the Nikkei is up 1.8%.

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The Aussie market is really struggling so far today, with the XJO presently down 40 points (-1%) to settle at 4070.

The losses are widespread, with every sector underwater.

Utilities, consumer staples and industrials are the poorest performing sectors, whilst consumer discretionary, materials and telcos are the best of a bad bunch.

In company news, Fairfax is up 1.7% as rumours grow that a private equity firm may make an offer for the company which is currently trading at 0.3 times book value.

Elsewhere, Echo Entertainment has jumped 4% after major shareholder Perpetual Investments declined to back James Packer’s move to install Jeff Kennett on the board of the company.

In economic news, Australia’s trade deficit narrowed by much more than expected in April as iron ore shipments recovered fro

m supply disruptions, setting the seal on a week of strong data that has provided a big boost to confidence in the economy.

Government figures out today showed the deficit on goods and services shrank to $203 million in April, down from $1.28 billion the month before and well under forecasts of $900 million.

 

Around the region, Asian markets are mainly weaker; the Hang Seng is down 0.5% whilst the Nikkei is off 2%.

The Shanghai Composite is bucking the trend, up 0.1%.

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The Aussie market is struggling so far today, weighed down by the terrible leads provided by international markets on Friday night.

The XJO is presently 70 points (-1.7%) underwater, with the index holding around 3995.

The losses are widespread, with all but one sector firmly in the red.

Consumer discretionary and industrial stocks are the hardest hit, whilst a strong performance from Telstra is keeping the telcos in the green.

In company news, Seek is down 3.4% after reiterating its full year earnings guidance and saying it will raise $125 in a subordinated notes issue.

Elsewhere, Gloucester Coal is down 1.5% after the company’s shareholders approved the merger with Yancoal Australia.

In economic news, The TD Securities – Melbourne Institute monthly inflation index was unchanged in May, after a 0.3% rise in April, amid cheaper fuel prices and lower holiday travel costs.

The month-on-month reading was the lowest since November.

In the year to May, inflation grew at only 1.8%, the third consecutive annual reading below the 2% lower end of the RBA’s 2-3% target band.

In other news, the monthly ANZ job ads survey out today showed that hiring intentions fell again in May, particularly in the mining boom state of Western Australia.

The national job ads index dropped 2.4% in May, leaving the measure of future job strength 4.3% levels seen a year ago.

April’s month-on-month decline was revised to a 0.8% decline, from a previously reported 3.1%.

Around the region, Asian markets are suffering a similar fate to the local bourse; the Hang Seng is down 2.5%, whilst the Nikkei is 2% weaker.

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The Aussie market is firmly in the red today, with local traders ignoring the positive leads provided by international markets last night.

The XJO is presently 35 points (-0.9%) underwater, at 4078.

The losses are widespread, with all but one sector in the red; energy, materials and industrials are the hardest hit, whilst utilities are the lone rangers in the green.

In company news, Wesfarmers is down 1.1% despite announcing sales growth at its Bunnings and Officeworks stores.

Elsewhere, Programmed has jumped 4.4% after reporting a FY12 net profit of $31.2 million, a 41% increased on the FY11 result.

Around the region, Asian markets mainly weaker; the Hang Seng is down 2.1% whilst the Nikkei is 1% weaker.

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The Aussie market is struggling again today, weighed down by uncertainty in ahead of what might come out of Europe over the weekend.

The XJO is presently down 25 points (-0.6%), at 4033.

Materials are the hardest hit, following a soft night for commodities, followed by financials and healthcare.

Conversely, consumer discretionary and telcos are the strongest performers.

In company news, Sims Metal Management has plummeted 5.8% after downgrading its FY12 profit guidance.

Elsewhere, Acrux is up 2.4% after announcing that it has been given marketing approval by the Pharmaceutical Benefits Advisory Committee for its Axrion testosterone drug.

Around the region, Asian markets are mixed; the Hang Seng (-0.4%) is weaker, the Shanghai Composite is stronger (+0.1%) and the Nikkei is flat.

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