Western Australian based stocks rose 18.9 per cent in the twelve months to Hune 30, but most of the gains were in the first six months of that period, according to the Deloitte WA Index released today.
US stocks finished sharply lower after a news-packed week that bolstered confidence in the economy even as speculation grew that the Federal Reserve will more quickly raise interest rates.
The Australian dollar has fallen to its lowest level in almost two months as big falls in overseas equities markets and the prospect of interest rate hikes weigh on the local currency.
US stocks have plummeted about two per cent in a broad sell-off attributed to a range of factors, including weak eurozone data, the Argentine debt default and disappointing US corporate earnings.
Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement, effectively pushing the country into default.
Wall Street stocks have finished mixed after the US Federal Reserve kept interest rates near zero and government data showed surprisingly strong second-quarter US economic growth.
US stocks have finished lower after the United States and European Union broadened sanctions on Russia, overshadowing US economic data and earnings reports.
Austbrokers Holdings has expanded into the Western Australian broking sector with the purchase of a 50 per cent interest in Bunbury-based insurance broker NEXUS Risk Services.
US stocks have finished mixed following prominent corporate deals and a drop in pending home sales as investors look ahead to fresh earnings and labour market data.
Mixed corporate earnings produced varied results on Wall Street this week, resulting in gains for the Nasdaq, losses for the Dow and a nearly flat S&P 500.
