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Market Wrap - Midday

AAP  |  THURSDAY, 31 JUL 2008
The Australian stock market was higher at noon, up almost one per cent, driven by the mining sector and a rally in the US overnight. Wall Street extended its gains for a second day after an upbeat employment report from payroll company ADP made investors ...

Market Wrap - Morning

AAP  |  THURSDAY, 31 JUL 2008
The Australian stock market is expected to rise for a second straight day after Wall St rallied on positive private sector employment data. On the Sydney Futures exchange, the September share price index futures contract firmed 92 points, or 1.88 per ...

Australians lead FM pack

RUTH LIEW  |  WEDNESDAY, 30 JUL 2008
Australians have emerged the victors of the wealth management race despite a global economic slowdown, new research shows. According to the AFG Global Funds Management Index, Australians amassed an average $70,385 per person in managed funds - emerging ...

Who's next to confess?

BENJAMIN ONG  |  TUESDAY, 29 JUL 2008
The Australian equity market slumped yesterday, dragged down by a sell-off in the Financials sector after ANZ announced increased provisioning for bad debts would hit its earnings. In making the announcement, ANZ Chief Executive Mike Smith said that ...

APRA to review super fund stats

MICHELLE BALTAZAR  |  MONDAY, 28 JUL 2008
APRA will consult with industry players on proposals to change the format of its all-important statistics on super fund performance so the public can make more informed choices about who should manage their retirement savings. Every three months, the ...

This Week's Market Movers (28 Jul - 1 Aug 2008)

BENJAMIN ONG  |  MONDAY, 28 JUL 2008
Domestic financial market activity will remain cautious this week with sentiment precariously balanced between the weekend's positive US economic news and further NAB-like announcements on the fallout of the US subprime mess on its balance sheet. Top-tier ...

More Weak Indicators

BENJAMIN ONG  |  FRIDAY, 25 JUL 2008
What else is new? Negative indicators on the US economy just keep on coming and business confidence in Europe is falling. The US Department of Labor reported that initial claims for unemployment benefits spiked to 406k in the week ending July 19 -- ...

All Eyes on the CPI

BENJAMIN ONG  |  WEDNESDAY, 23 JUL 2008
It will be a big day for the Australian financial markets today with the release of the CPI Report for the June quarter. Headline CPI is expected to show consumer prices rose by 1.3 percent in the quarter, matching the March quarter's rise. This will ...

US houses continue to burn

BENJAMIN ONG  |  FRIDAY, 18 JUL 2008
Market Movers Overnight The US housing market remains in a freefall. The US Commerce Department reported that housing starts increased to 1066K in June, a month-on-month rise of 9.1 percent. This was better than market expectations for a 1.8 percent ...

BOQ writes off franchise loans

WWW.THESHEET.COM  |  MONDAY, 14 JUL 2008
Most of the loans from Bank of Queensland to owner-operators of its franchised branches in Sydney appear to be impaired, and the bank appears to be increasingly willing to write off some of those loans. Of 55 owner-managed branches in New South Wales ...