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Market wrap

AAP  |  TUESDAY, 13 JUL 2004
The local market sentiment is generally upbeat but trading could drift in the early session with little direction from the US market which closed marginally higher amid relief at a pull back in oil prices and pessimism about the global semiconductor ...

US dollar tumbles on concerns over terrorist attacks on US soil

After a brief rebound overnight, the US dollar tumbled to fresh multi-month lows against the euro and Swiss franc today amid a new government warning about possible terrorist attacks on US soil. The news added to investor concerns about slowing US growth ...

ClearView appoints InTech as asset consultant

ClearView Retirement Solutions yesterday announced the appointment of InTech as its asset consultant with a brief to provide advise on asset allocation, product construction and manager selection. ClearView group executive John Cowan said the company's ...

Falling housing market puts baby boomers Super at risk-warning

AAP  |  TUESDAY, 6 JUL 2004
Falling house prices could dramatically impact on Australians who depend on equity in the family home or investment property to provide for their retirement, a building advisory service warned yesterday. Archicentre Queensland manager Ron Tanton said ...

Rainmaker launches into DIY super research

Rainmaker Information completed the purchase of Jenkins Superannuation Services yesterday, a specialist researcher in the Self Managed Funds and the DIY provider space. According to Rainmaker data, the DIY space is the fastest growing segment in the ...

Rush on for Immediate Annuities: Aviva

The $1 billion complying Immediate Annuity market will reduce by 50% post 20 September when the current 100% asset test exemption is reduced by half, Aviva said yesterday. Aviva raised its ranking to third from ninth in the annuities market during May ...

Opportunities under new super regime: BT

The new superannuation regime in effect as of yesterday will affect changes across the spectrum of defined benefit and accumulation plan members, self managed super investors, low and high income earners and anyone planning to retire in the new financial ...

Bank stocks plunge after US rate rise

AAP  |  FRIDAY, 2 JUL 2004
Bank stocks plunged yesterday after a rate rise in the United States stoked fears the same could follow here and curb the sector's growth. The previous night the US Federal Reserve lifted official interest rates by a quarter percent, the first increase ...

Mercantile Mutual Insurance gets lowered ratings from S&P

AAP  |  FRIDAY, 2 JUL 2004
Standard & Poor's has lowered its ratings on Mercantile Mutual Insurance (Australia). The ratings agency said it lowered its insurer financial strength and counterparty ratings on MMIA to A-plus from AA-minus and removed the ratings from CreditWatch ...

Bumper year for ASX

The Australian Stock Exchange released its financial year-end statistics yesterday, recording an annual 16.8% increase in the value of the benchmark S&P/ASX-200 and a 17.7% increase in the smaller All Ordinaries index. The sharemarket posted a new record ...