Market wrap - morningBY AAP | THURSDAY, 12 APR 2007 8:49AMThe Australian share market is expected to open lower after a weak performance by overseas markets. On the Sydney Futures Exchange at 0734 AEST, the June share price index contract was trading down 26 points to 6,165. |
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RBA on hold but keeps door open for more hikes
The Reserve Bank of Australia has kept the door open for further tightening despite keeping the cash rate steady at 4.35%.
DASH appoints new chief executive
DASH Technology Group appointed a new chief executive, replacing the incumbent who left the company in May.
GQG sees $6.4bn outflows in July
GQG Partners recorded another significant month of client redemptions in July, with net outflows of US$4.5 billion ($6.4b), as the global fund manager continued to face pressure on funds under management.
A tough year for high-duration bond investors: Morningstar
New analysis depicted duration as the biggest headwind for bond investors, with both Australian and global bonds labelled as the "laggards" against their peers over the 12 months to June end.
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Featured Profile
Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
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