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Market Wrap AM

AAP  |  WEDNESDAY, 30 JUL 2014
... 15,618.07, Sydney ended 0.20 per cent higher, adding 11.01 points to 5,588.4 and Seoul added 0.64 per cent, or 13.16 points, to close at 2,061.97. Shanghai gained 0.24 per cent, or 5.24 points, to 2,183.19 and Hong Kong was up 0.87 per cent, or 211.90 ...

Boost from Chinese stimulus to be short-lived

MARK SMITH  |  TUESDAY, 29 JUL 2014
Goldman Sachs' investment management division has lowered its suggested allocation to emerging markets as the Chinese economy struggles to transition from a focus on exports to a focus on domestic consumption. Dr Jiming Ha, vice chairman and chief investment ...

AIA hybrid commission strategy pays off

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
... confident that this program can help advisers increase the value of their business over time," he added. The program will close on September 30.

Dip-buying pays

BENJAMIN ONG  |  TUESDAY, 29 JUL 2014
... hours (NY time) and then... the dip shoppers went a-shopping, turning that 0.6% loss into a small plus 0.03% gain by the close. Bloomberg says this is because of "merger activity and optimism over corporate earnings". As if! As if, companies only started ...

Market Wrap AM

AAP  |  TUESDAY, 29 JUL 2014
... Paris, the CAC 40 gained 0.33 per cent to 4,344.77 points while Frankfurt's DAX 30 index fell 0.48 per cent from Friday's close to 9,598.17 points. The euro firmed to $US1.3440 from $US1.3430. HONG KONG - Asian markets have mostly risen as investors ...

BT makes key distribution role appointment

LAURA MILLAN  |  MONDAY, 28 JUL 2014
BT Financial group has appointed a former Financial Services Council (FSC) executive to the role of key account manager in its adviser distribution team. Former Financial Services Council (FSC) senior manager of policy and advice Cecilia Storniolo has ...

Market Wrap AM

AAP  |  MONDAY, 28 JUL 2014
The Australian market looks set to open lower after Wall Street tumbled following some disappointing earnings reports in a move that some analysts attributed to profit taking. At 0802 AEST on Monday, the September share price index futures contract ...

Wall Street snubs the IMF

BENJAMIN ONG  |  FRIDAY, 25 JUL 2014
"The global growth projection for 2014 has been marked down by 0.3 percent to 3.4 percent, reflecting both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets. With somewhat ...

Market Wrap AM

AAP  |  FRIDAY, 25 JUL 2014
... 6,821.46 points, while in Paris the CAC 40 finished the day up 0.78 per cent at 4,410.65. Madrid's IBEX 35 index also surged to close up 1.89 per cent after official data showed unemployment in Spain fell sharply in the second quarter - slipping beneath ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
... statement: "Expressions of interest for the Expert Panel member position must be submitted to [email protected] by close of business on Friday, 25 July 2014. Applications will then be assessed by a selection panel consisting of two senior ...