Stock Market & Financial News - Trading Room

Aust stocks to open 1% lower on Greek vote

Australian stocks will probably open as much as one per cent lower as investors digest the outcome of Greece's vote on a $A160bn bailout deal.

Spain's govt approves labour reforms

Spain's government has passed labour market reforms deemed crucial to creating jobs to chip away at Europe's worst unemployment figures.

BMW fined $US3m for US recalls

Carmaker BMW has agreed to pay $US3 million ($A2.79 million) for delays in reporting safety defects and recalls to the US government.

ANZ hikes interest rates, breaks with OCR

ANZ Bank raised interest rates on home and business loans by 6bps, becoming the first bank to break the link between banks' rates and the OCR.

Westpac raises mortgage rates

Westpac has become the second of the big banks to raise its variable mortgage rate in defiance of the central bank.

AFL files notice of appeal in Optus case

The AFL has filed a notice of appeal in the Federal Court after losing a court battle to prevent Optus offering its TV Now service.

Newcrest CEO tips $US2,500/oz gold price

Newcrest chief executive Greg Robinson says gold could reach prices of up to $US2,500 an ounce, from about $US1,732.

Australian reports

• Aust markets: Aust Stocks close lower
• Aust dollar report: $A lower on Greek worries
• Aust credit close: Aust bonds firm after Greek austerity deal

World reports

• World commodities: Commodities markets summary
• World markets: International markets roundup

Stocks to watch

ANZ, AAI, JHX, LEI, NCK, NCM,

Aust stocks to open 1% lower on Greek vote

MELBOURNE, Feb 12 AAP 12:32AM The Australian share market is tipped to open as much as one per cent lower on Monday as jittery investors await the outcome of the Greek parliament's crucial vote on a 130 billion...