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Market Wrap AM

AAP  |  MONDAY, 2 MAR 2015
... Ordinaries index was up 20.6 points, or 0.35 per cent, at 5,898.5. NEW YORK - Wall Street stocks have fallen modestly but remain close to record highs to close out the best single-month performance since 2011. Stocks got help from a new estimate of fourth-quarter ...

Market wrap

AAP  |  FRIDAY, 27 FEB 2015
... sector was also pulling back after world oil prices fell sharply overnight. West Texas Intermediate for April dived $2.82 to close Thursday at $48.17 a barrel. Woodside Petroleum was down 21 cents to $34.69, Oil Search fell six cents to $8.12 and Santos ...

Demography must drive reform

ANDREW BRAGG, FSC DIRECTOR OF POLICY AND GLOBAL MARKETS  |  FRIDAY, 27 FEB 2015
... preservation age is too low at age 60. The gap between when people retire and when they can access their superannuation must close -- $200 billion in savings would be achieved for each year the preservation age increases. The nation's superannuation ...

Market Wrap AM

AAP  |  FRIDAY, 27 FEB 2015
... morning losses, with the benchmark KOSPI gaining 2.61 points to 1,993.08. Hong Kong added 0.5 per cent, or 123.78 points to close on a one-month high of 24,902.06, led by gains in energy shares, while Shanghai jumped 2.15 per cent on expectations of ...

Market Wrap AM

AAP  |  THURSDAY, 26 FEB 2015
... to 11,210.27 points but the CAC 40 index in Paris lost 0.09 per cent, or 4.22 points, to 4,882.22 compared with Tuesday's close. The euro nudged higher to $US1.1360 from $US1.1342 late in New York on Tuesday. HONG KONG - Asian stocks were mixed after ...

Market Wrap AM

AAP  |  WEDNESDAY, 25 FEB 2015
The Australian market looks set to open higher following rises on Wall Street after the Federal Reserve chief indicated the US central bank was in no hurry to raise its interest rate. At 0833 AEDT on Wednesday, the March share price index futures contract ...

Privatisation backlash derails infra investing

ALEX BURKE  |  MONDAY, 23 FEB 2015
Voter backlash against infrastructure recycling plans in recent (and current) state election campaigns is raising alarm bells within the superannuation sector. It was such a point of contention in the recent Queensland state election that most observers ...

Managed accounts work for insto investors too

ALEX DUNNIN  |  FRIDAY, 20 FEB 2015
The term 'managed account' in Australia is usually associated with retail investment but one global technology and investment administration group has been using the structure to more efficiently manage institutional alternatives investments. Bruce ...

Market Wrap AM

AAP  |  FRIDAY, 20 FEB 2015
The Australian market looks set to open higher, following gains in metals prices overnight. At 0657 AEDT on Friday, the March share price index futures contract was up eight points at 5,876. In equities news, Medibank Private, Cabcharge, Transpacific ...

Market Wrap AM

AAP  |  THURSDAY, 19 FEB 2015
... in the day on news that Athens would seek an extension to its bailout. Athens' main shares index gained 1.05 per cent to close at 847.53 points, having earlier surged by more than 3.0 per cent. The euro fell to $US1.1352 from $US1.1413 late in New York. ...