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Market Wrap - Morning

AAP  |  WEDNESDAY, 8 AUG 2007
Australian stocks are expected to consolidate yesterday's gains, as investors await the Reserve Bank of Australia's (RBA) decision on whether interest rates will rise. At 0724 AEST on the Sydney Futures Exchange, the September share price index was ...

Market Wrap - Morning

AAP  |  TUESDAY, 7 AUG 2007
A recovery on Wall St overnight should push local stocks into positive territory today, helping the market claw back some of the heavy losses suffered in trading yesterday. At 0718 AEST on the Sydney Futures Exchange, the September share price index ...

Market Wrap - Midday

AAP  |  FRIDAY, 3 AUG 2007
The Australian share market continued its recovery this morning, after US equities rallied overnight, but experts say more volatility is to come. At 1200 AEST, the benchmark S&P/ASX200 index had shot up 35.2 points to 6047 while the All Ordinaries increased ...

Market Wrap - Morning

AAP  |  FRIDAY, 3 AUG 2007
Another rally on Wall St is expected to push Australian stocks higher today, helping the market recover more of Wednesday's losses. At 0723 AEST on the Sydney Futures Exchange, the September share price index was up 66 points to 6,038 on a volume of ...

Market wrap - midday

AAP  |  THURSDAY, 2 AUG 2007
The Australian share market is a sea of green this morning, despite wiping off nearly $60 billion in value yesterday, after US equities shot up shortly before close overnight. US investors picked up shares beaten down by worries over deteriorating credit ...

Sub-prime contamination causes market carnage

SUZY MAC  |  THURSDAY, 2 AUG 2007
Australian sharemarkets suffered a $48 billion bloodbath yesterday after the 'millionaire's factory' warned of $300 million losses wiping out a quarter of the value of two of its investment funds. Bear Stearns, already embarrassed by the implosion of ...

Market wrap - morning

AAP  |  WEDNESDAY, 1 AUG 2007
After staging a slight recovery yesterday, the Australian share market is expected to open lower today with New York struggling again as investors remained sensitive to news about worsening lending conditions. At 0651 AEST on the Sydney Futures Exchange ...

Market Wrap - Morning

AAP  |  MONDAY, 30 JUL 2007
The Australian share market is expected to open lower today following a second dismal day on Wall Street on Friday, amid concern that tightening credit conditions may lead to a slowdown in housing activity. At 0735 AEST on the Sydney Futures Exchange ...

Four pillars policy no longer relevant

Westpac chief executive David Morgan has lambasted the government's 'four pillars policy', suggesting it would only make the country's four largest banks, Commonwealth Bank, ANZ, NAB and Westpac more vulnerable to foreign ownership. Speaking at the ...

Absolute Capital suspends redemptions

WWW.THESHEET.COM  |  THURSDAY, 26 JUL 2007
Hedge fund manager Absolute Capital posted a notice on its website yesterday saying that it had "closed" its flagship fund, the $200 million Absolute Capital Yield Strategies Fund. The Yield Strategies Fund is an investor in the structured credit market ...