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Market Wrap

AAP | TUESDAY, 13 JAN 2004

... key European markets including Britain, Germany and France closed lower. The benchmark S&P/ASX 200 index was 1.1 point stronger at 3302.7 by the close of trade yesterday, while the all ordinaries index added 1.6 points to 3308.7. In overnight trading ...

SelectingSuper releases 2003-04 benchmark fee survey

... contribution, ongoing, member and investment fees. SelectingSuper, a division of Rainmaker Information, also confirmed that stronger relationship did exist between fees and the number of investment options offered by a super fund. "This means when employers ...

Midday Market Wrap: AMP dominates local trade in lethargic market

WITH AAP | THURSDAY, 18 DEC 2003

The Australian share market at noon remained in positive territory after a slightly stronger US market overnight, with local trading dominated by the newly demerged AMP Ltd. AMP was trading at $4.79 as it began its life free of its ailing British businesses. ...

Afternoon Market Wrap: All Ords end stronger amid Asian SARS concerns

AAP | WEDNESDAY, 17 DEC 2003

... demand for metals, lifted metals prices and resource stocks today. Shaw Stockbroking head dealer Jamie Spiteri said the stronger market came as no surprise to most traders, led by improved metal prices. "The better metal prices overnight, in particular ...

Morning Market Wrap: $A rises to fresh six-year high overnight

... that raised that deflation fear again and pushed back any source of a rate hike in the US." The US government reported stronger US industrial production in November and a slight improvement in the nation's trade deficit in the third quarter. Despite ...

Midday Market Wrap: Dollar remains strong

The Australian dollar remained stronger at noon after hitting a fresh six-year high overnight, after falls in US equity markets and the continuing prospect of conflict in Iraq weakened the US dollar. The local currency reached a new high of $US0.7443 ...

Farm income to lift 45 per cent in 2003-2004

AAP | MONDAY, 15 DEC 2003

Farmers should enjoy a 45 per cent lift in income this year but the drought and the stronger dollar will still make conditions tough. The Australian Bureau of Agricultural and Resource Economics (ABARE), in its last report of the year, said net cash ...

Morning Market Wrap: US dollar strong following Hussein capture

... dollar today. "(Today's fall is) essentially on the news of the capture of Saddam Hussein - we have seen the US dollar stronger across the board," Macquarie Bank currency strategist Jo Masters said. Officials said US forces seized Hussein as he huddled ...

Midday Market Wrap: Market up buoyed by strong gains on Wall Street

... May 28, 2002, while the technology-laden Nasdaq Composite Index climbed 37.67 points to 1942.32. Australian bonds were stronger at noon following an overnight rally as market attention turns to the roll-over of the futures contract on Monday. At 1200 ...

Suncorp welcomes credit ratings upgrade from S&P

AAP | FRIDAY, 12 DEC 2003

... rating to A1 from A2. S&P said the transition by Suncorp over recent years toward a more robust capital position and a stronger and more diversified general insurance franchise, together with a good performance in profitability, supported an A rating. ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI | 12:01PM

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI | 11:30AM

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI | 12:13PM

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI | 11:50AM

Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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