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Midday market wrap: Australian shares higher

AAP | MONDAY, 7 JUL 2003

... Corporation, which was up 10c (almost 1.0%) to $11.16. While the major banks were mixed, the resources sector was generally stronger. The Australian dollar was trading at $US0.6825, around a quarter of a US cent higher than Friday's local close. The ...

Morning market wrap: US stocks up on better earnings outlook

... recommendations on Microsoft and Wal-Mart. The Commerce Department also reported factory orders rose 0.4% in May, slightly stronger than expectations. Earlier in London, the FTSE 100 closed back above 4,000, a 43.0 point gain leaving the index at 4,006.9. ...

Morning market wrap: US stocks edge lower

... and the S&P 500 up 15%. Earlier in London the FTSE closed down 36.6 points (0.9%) at 4,031.2. Bonds finished modestly stronger on the disappointing manufacturing data, with the yield on the 10-year Treasury edging down to 3.52% from 3.55%. But the US ...

Midday market Wrap: Australian shares open lower

... Friday, major indexes all slumped on disappointing earnings news and as investors continued to await further evidence of stronger economic growth in the second half. At midday the All Ordinaries was 3,011.6, down 6.4 points. By contrast, major US indexes ...

RBA must cut interest rates: ABL

... Australian exports out of competition, Mr Schubert said. "With projections of slower economic growth by most commentators, stronger exports are necessary to keep the economy growing and prevent unemployment from rising," he said. Mr Schubert said many ...

Afternoon market wrap: Shares stronger in late trade

The Australian share market traded higher in afternoon trade, with the All Ordinaries ending the day 21 points higher at 3,018.0. Gains were broadly based, although the energy sector stood out with a 2.1% increase on the day. Oil Search and Santos were ...

MYOB releases 2003 earnings expectations

WITH AAP | WEDNESDAY, 25 JUN 2003

... has been achieved notwithstanding unfavourable factors including the impact of SARS in our Asian territories and the stronger Australian dollar in both our Asian and US (United States) operations." -

Afternoon market wrap: Shares stronger in late trade

Australian share prices strengthened in afternoon trade, the All Ordinaries closing 13.2 points higher at 3070.9. Among stocks to make strong advances were Computershare and IAG, both up by over 3%. But WMC slumped a further 8c to close at $3.48, as ...

Morning market wrap: US stocks extend gains

... US indexes ended higher, following on from the strong gains Monday. The Dow Jones industrial average closed 4.1 points stronger at 9,323.0, the highest close in 11 months. The S&P closed at 1,011.7, a gain of 1.0 point (0.1%) and a new one-year high. ...

Morning market wrap: Data spurs strong gains in US stocks

US share price indexes closed sharply higher overnight, spurred by a survey showing stronger manufacturing activity in the state of New York. The Empire State manufacturing survey jumped 16.0 points to 26.8 in June - the highest level in the two-year ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI

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

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

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

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI

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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