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Market Wrap AM

AAP  |  WEDNESDAY, 25 JUN 2014
The Australian market looks set to open higher after solid gains on Wall Street with the Dow Jones Industrial Average reaching a fresh high. At 0803 AEST on Monday, the September share price index futures contract was up 10 points at 5,390. The Dow ...

ISA to change Compare the Pair ads

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
Industry Super Australia (ISA) will change its 'Compare the Pair' advertising campaign to include disclaimers after the Australian Securities and Investments Commission (ASIC) expressed concern that the ads were misleading to consumers. In future advertisements ...

FUM closes in on $2trn

ALEX DUNNIN  |  TUESDAY, 24 JUN 2014
... Australian sourced market of $1.778 trillion and the estimated overseas sourced market of $218 billion takes the overall market close the $2 trillion threshold for the first time. Reinforcing this positive assessment, they said since the depths of the ...

SMSF members getting younger

MARK SMITH  |  TUESDAY, 24 JUN 2014
... income groups fell from 42.2% in July 2013 to 27.4% in December 2014, a decrease of roughly 275,911 SMSF members. Stocks form close to one-third (32.1%) of SMSF holdings, followed by 28.0% of holdings in cash, highlighting the desire for defensiveness ...

Good or bad, it's all good

BENJAMIN ONG  |  TUESDAY, 24 JUN 2014
I had pancakes for breakfast. So was everyone else tuned in to overnight trading activity on Wall Street. The S&P 500 index closed flat -- ok, ok... an itsy-bitsy-teenie-weenie minus 0.01% if one must be pedantic about it -- after declining by as much ...

Social media business use up 25pct

ALEX DUNNIN  |  MONDAY, 23 JUN 2014
... show that nearly a third of Australian businesses received orders via the internet during 2012-13. These orders were worth close to $250 billion, which is an increase of almost $10 billion from the year before", said Sue-Ellen Luke from the ABS. These ...

The scares that weren't

BENJAMIN ONG  |  FRIDAY, 20 JUN 2014
"...I'm gonna have myself a real good time I feel alive and the world it's turning inside out yeah! I'm floating around in ecstasy So don't stop me now don't stop me 'Cause I'm having a good time having a good time." - "Don't stop me now", Queen We've ...

Market Wrap AM

AAP  |  FRIDAY, 20 JUN 2014
... five-month high, closing up 245.36 points to 15,361.16 despite a stronger yen. Sydney rose by 1.59 per cent, or 85.48 points, to close at 5,468.2 and Seoul put on 0.13 per cent, or 2.54 points, to 1,992.03. Profit taking hit Hong Kong after spending ...

Market wrap

AAP  |  THURSDAY, 19 JUN 2014
... hitting a new record. "The US central bank has said the weaker than expected US economic growth could mean rates will remain close to zero for longer and that means cheap money for a longer period of time," Commsec market analyst Steven Daghlian said. ...

MetLife head of retirement products departs

JAMES FERNYHOUGH  |  THURSDAY, 19 JUN 2014
... also gave no reason for the product's discontinuation, other than it was dropped for "strategic reasons". The decision to close down the hybrid annuity product came just two months after its launch. A note on the website reads: "Please note that the ...