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The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
Despite all the jaw dropping falls that investors have endured during the COVID-19 crisis, the US oil price crash overnight may just be the worst. The price of West Texas Intermediate crude oil for May plunged more than 190% during trade on Monday ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
New polling by Industry Super Australia shows close to one million people planning to access their super early don't even qualify to do so, sparking concern that those in genuine need will experience significant delays in getting their hands on ...

Millions jobless within weeks: Grattan

HARRISON WORLEY  |  MONDAY, 20 APR 2020
New Grattan Institute analysis estimates up to 3.4 million Australians could soon be out of work. The think-tank's latest analysis of the impact of the COVID-19 pandemic predicts that between 14 and 26% of Australian workers could be out of a job within ...

Law firm cuts pay

ALLY SELBY  |  MONDAY, 20 APR 2020
... the changes would assist the law firm to respond to the spreading pandemic. "While not specifically related, these actions show we continue to take sensible steps to strengthen the company's balance sheet for the long-term, while building in flexibility ...

ETF demand boosts gold

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
A strong demand for ETFs coupled with the world's original safe haven has driven gold ETFs to record highs. Rainmaker research shows that assets under management in gold ETFs has increased around 45.8% in the period from December 2019 to March 2020. ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... senior investment adviser Adam Dawes told Financial Standard reality is starting to set in. "Economic data is starting to show how lockdown is starting to bite," he said. "US earning season will come under pressure as the bleeding from the COVID-19 shut ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
The peak body for industry superannuation funds has launched an advertising campaign to warn Australians against crystallising their losses amid the market turmoil caused by COVID-19. Re-using a line from the backing track present in its television ...

COVID-19 damage to stretch several quarters: Natixis IM

ALLY SELBY  |  TUESDAY, 14 APR 2020
Despite global market rebounds, Natixis Investment Managers believes the economic damage of the COVID-19 pandemic will stretch several quarters beyond the containment of the virus. There are now nearly two million confirmed cases of the coronavirus ...

Asset values could drop to 2017 levels: MSCI

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... really wanted to do was just look at how that 10% compares to what we've seen in the Australian market in the past and show how investors and managers can use scenario analysis to get a better appreciation of what's they may be facing as new ...

Consumers looking for reassurance: MetLife

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
New research from MetLife shows Australian consumers are looking to financial institutions to alleviate anxiety during the current COVID-19 crisis, but more than half claim they haven't heard from their super fund. MetLife's COVID-19 Insights revealed ...