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Midday market wrap: All Ordinaries marks time

Paul Cully It was a case of softly-softly for the All Ordinaries index during the morning trading session as investors took their cue from the toned-down enthusiasm evident on Wall Street and in London yesterday. The domestic index rose by 4.2 points ...

Coonan resilient on super surcharges, co-contribution

Paul Cully The Minister For Revenue and the Assistant Treasurer Helen Coonan has restated the government's position on superannuation surcharges and co-contribution in the wake of stinging criticism last from the Association of Superannuation Funds ...

Afternoon market wrap: Commonwealth, AMP continue to climb

Paul Cully Commonwealth and AMP continued their recent resurgence, outperforming the All Ordinaries index as a whole as investors continued to regard current prices favourably after recent heavy sell-offs. AMP put on a further $0.19 today to finish ...

Midday market wrap: Banks fight back

All Ordinaries 2727.3 +54 NASDAQ 1340.78 +61.64 Dow Jones 7821.75 +269.68 FTSE-100 3486.90 +199.90 Hang Seng 8787.45 +0.00 Nikkei 225 8020.37 +151.81 Paul Cully Banking and finance shares moved sharply higher during the morning on the back of strong ...

Morning market wrap: All Ordinaries up slightly

John Fernando The All Ordinaries followed the trend in Wall Street as stocks recovered marginally after yesterday's losses. Strong profit results from Packer's Publishing and Broadcasting Limited (PBL) and Australia's largest supplier of gas and electricity ...

RBA keeps interest rate steady at 4.75%

John Fernando The Reserve Bank of Australia (RBA) has decided to hold the interest rates steady at 4.75% following its monthly board meeting yesterday, causing the dollar to hit three-year highs against the US dollar. The currency move is related to ...

Afternoon market wrap: All Ordinaries return negative figures

John Fernando The All Ordinaries shed 1.36% in trading today as Hong Kong's Hang Seng index also decreased by 1.22% following the trend set in Wall Street where stocks took a dive yesterday. Meanwhile the dollar is trading at a three-year high at US$0.62 ...

Australia wins OECD praise for fiscal, immigration policy

John Fernando Australia has been ranked as one of the top economic performers among the 30-member countries that make up the Organization for Economic Cooperation and Development (OECD), according to a report released yesterday by the Paris-based organisation. ...

Afternoon market wrap: AMP dumped yet again

John Fernando/Paul Cully The All Ordinaries gained slightly in trading today, following the positive trend set in Wall Street yesterday with US stocks gaining over 1%. AMP stocks continued to be dogged by a lack investor confidence as the financial ...

Midday market wrap: Banks lead All Ordinaries higher

Paul Cully Australian shares tracked their US counterparts higher in the morning session, with investors particularly keen to offer support to leading banks. Commonwealth, ANZ, National, and Westpac all recorded gains in excess of 1%, although buyers ...