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Budget will set the tone for upcoming economic debates: ICAP

Tonight's Budget is unlikely to have a sizeable immediate impact on financial markets, but it will set the tone for some of the economic debate in coming months, ICAP chief economist Dr Ric Simes has predicted. The two most watched numbers will be the ...

Housing finance rises 2.6% to 53,373 in March 2003: ABS

Housing finance for owner occupation across Australia showed a 2.6 per cent increase in the number of dwellings financed for March 2003 compared to the figure for February, the Australian Bureau of Statistics said today. In March, a total of 53,373 ...

Australian business confidence remains resilient: National

Growth style fightback continues in April: Mercer

Growth-style funds enjoyed another positive month in April as the median manager returned 2.9 per cent, according to Mercer's latest Pooled Fund Survey. The Russell PST Growth fund led the way with a return of 4.6%, ahead of the Sagitta Rothschild Balanced ...

Unemployment drops 0.1% to 6.1% in April 2003: ABS

The national unemployment figure dropped from 6.2 per cent in March 2003 to 6.1% in April 2003, according to the employment statistics released by the Australian Bureau of Statistics (ABS). The labour force participation rate dipped from 64.1% to 64%. ...

Victorian unfunded super liabilities blow out to $13.6 billion

Unfunded superannuation liabilities in Victoria are expected to rise to $13.6 billion at June 30 2003, an increase of $256 million over the June 30 2002 figure, Victorian State Treasurer John Brumby said today. The increase in the liability is largely ...

Retail trade increases by 0.7% to $14.64 billion in March 2003

Retail trade increased by 0.7 per cent in March to $14.64 billion, while the value of retail trade for the March quarter as a whole was $41.63 billion, a 0.2% dip from the value of retail trade in the December 2002 quarter, according to figures released ...

Trade deficit down 22.24% in March: ABS

The Australian economy experienced a $1.48 billion trade deficit for the month of March 2003, a decrease of 22.24 per cent from the deficit experienced in February 2003 of $1.90 billion. In the latest economic figures released by the Australian Bureau ...

Morning market wrap: Mixed signals for US market

The Dow Jones finished slightly lower as investors were subjected to a barrage of mixed signals regarding US economic health. Disappointing earnings figures and manufacturing data indicating a second month of contraction dampened market sentiment. But ...

Investors Mutual tops one-year performance table

Melbourne-based specialist Investors Mutual has been the best performing Australian equities fund manager over the past year, according to performance data compiled by the Financial Standard Intelligence Unit. The Value-style manager's Australian Shares ...