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| | | ... IG market strategist Evan Lucas said the market had been due for a bounce after being weighed down by recent falls by the banks, which investors see as fully priced. Investors seemed to be waiting for the latest unemployment data on on Thursday, as the ... |
| | | | ... superannuation system could use its huge and ever-growing pool of capital to become a mortgage lender in partnership with the banks, according to Financial Services Council chief executive John Brogden. Speaking at the Actuaries Institute's Financial ... |
| | | | ... night (AEST). "I expect to see pretty flat trade today. There aren't any major drivers in the market," he said. The big four banks were slightly higher, with ANZ up six cents at $34.14, the Commonwealth Bank three cents higher at $78.67, National Australia ... |
| | | | ... (Australia) has its annual general meeting. In Australia, the market on Thursday fell as weaker commodity prices and concerns that banks may be over-priced caused falls in the heavyweight sectors. The benchmark S&P/ASX200 index dropped 40.3 points, or ... |
| | | | ... so there will be light volumes. "All of that could spell a little bit of red towards the back end of the day because the banks, as much of a positive day as they are going to have, it's probably not going to offset the pressure on the materials." Despite ... |
| | | | ... sell their super products and avoid any independent merit based assessment of superannuation products." She went on: "The banks' preference for a 'free for all' where bank employed financial planners and business bankers sell compulsory super at workplaces ... |
| | | | ... following falls in the last week, Rio Tinto gained 35 cents to $61.65 and Fortescue Metals was seven cents higher at $5.07. The banks are lower, following Westpac's receiving a share price downgrade from Bank of America. Westpac lost 32 cents to $35.07 ... |
| | | | The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of a Parramatta insurance broker and of Banksia Mortgages. The Parramatta-based WD Gelle Insurance & Finance Brokers' licence ... |
| | | | ... five cents lower at $5.29. Gold miner Newcrest had gained 33 cents, or more than three per cent, to $10.58. The big four banks were relatively flat, with the Commonwealth Bank up two cents at $78.91, ANZ up two cents at $34.69, Westpac steady at $35.78 ... |
| | | | ... fundamentals. But I don't buy that. People are caught up in the momentum of all the liquidity that is provided by the central banks. This is a liquidity driven thing, not based on fundamentals." My oh my oh my, might not be a bad move to stay away in ... |
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