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Market wrap

AAP | WEDNESDAY, 15 APR 2015

The Australian share market is trading lower, weighed down by weakness in the big banks. HC Securities senior client adviser Mark Lennox said the banks were lower because investors had already factored in the probability of another interest rate cut ...

Market wrap

AAP | TUESDAY, 14 APR 2015

The Australian share market has opened lower in the wake of negative offshore leads and lingering disappointment over trade figures out of China. "Offshore leads weren't great. In combination with that, there's a little bit of negativity from the China ...

Market Wrap AM

AAP | TUESDAY, 14 APR 2015

The Australian market looks set to open lower after losses on Wall Street. At 0644 AEST on Tuesday, the June share price index futures contract was down eight points at 5,942. On Wall Street, stocks sagged ahead of the start of first-quarter-earnings ...

Market wrap

AAP | MONDAY, 13 APR 2015

... index up are the yield stocks but we're being held back by the resource with iron ore prices down a bit on Friday," he told AAP. Commonwealth Bank rose 42 cents to $94.55, National Australia Bank lifted 12 cents to $39.64, Westpac improved three cents ...

China slowdown will hit Australia

AAP | MONDAY, 13 APR 2015

A Chinese economic slowdown will hit Australia as iron ore prices tumble, the World Bank says. The bank noted that Australia's growth pace had deteriorated sharply since the first quarter of 2014 as declining prices for key export commodities depressed ...

Market wrap

AAP | FRIDAY, 10 APR 2015

The share market is slightly higher on a quiet day, with the main indices trading within a narrow range around 5,900 points since interest rates were kept on hold. Offshore markets provided positive leads but CMC Markets chief market analyst Ric Spooner ...

Market wrap

AAP | THURSDAY, 9 APR 2015

The Australian stock market is flat with energy stocks weaker on heavy oil price falls. In early trade on Thursday, mining and energy stocks had given up most of Wednesday's strong gains, IG market strategist Evan Lucas said. And, he said, there was ...

Market wrap

AAP | WEDNESDAY, 8 APR 2015

The share market has been boosted by a lift in iron ore and crude oil prices and continued expectation of lower interest rates. The market had put aside a weak lead from Wall Street and investors were focusing on the outlook for Australian interest ...

Market wrap

AAP | TUESDAY, 7 APR 2015

... firmer, with financial markets widely expecting a cut in the cash rate to a new record low of 2%. All 20 economists surveyed by AAP expect there'll be a rate cut in May if the RBA doesn't move on Tuesday. Among the major banks, Commonwealth Bank climbed ...

Market wrap

AAP | THURSDAY, 2 APR 2015

The sharemarket has opened higher on expectations of an interest rate cut after the price of Australia's largest export, iron ore, fell to fresh lows. The iron ore price dropped below $US50 a tonne overnight, extending a run of losses that began a week ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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