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Market Wrap PM

AAP  |  MONDAY, 2 SEP 2013
The Australian stock market has started the week on a positive note thanks to stronger than expected Chinese manufacturing data. Commonwealth Bank market analyst Steven Daghlian said the market received a boost from the release of official Chinese manufacturing ...

Market Wrap AM

AAP  |  MONDAY, 2 SEP 2013
... market's worst month in more than a year. On Friday, the Dow Jones industrial average fell 30.64 points, or 0.2 per cent, to close at 14,810.31. The S&P dropped 5.20 points, or 0.3 per cent, to close at 1,632.97 and the Nasdaq composite dropped 30.43 ...

Market Wrap AM

AAP  |  FRIDAY, 30 AUG 2013
... Tokyo on Thursday rose 0.91 per cent, or 121.25 points, to 13,459.71, while Sydney added 0.10 per cent, or 5.2 points, to close at 5,092.4 and Seoul advanced 1.22 per cent, or 23.02 points, to 1,907.54. Hong Kong climbed 0.84 per cent, or 180.13 points ...

Delay of execution

BENJAMIN ONG  |  THURSDAY, 29 AUG 2013
I thought this would happen, but not to happen so soon. Yes Virginia, Wall Street's reaction to the looming war with Syria is playing out according to the script of the 1991 Iraq War and its 2003 sequel. There's the sell orders that comes with the anxiety ...

Market Wrap AM

AAP  |  THURSDAY, 29 AUG 2013
... or 203.91 points, to 13,338.46 as the US dollar eased against the yen and Sydney shed 1.05 per cent, or 54.0 points, to close at 5,087.2. Seoul clawed back some early losses to end flat, edging down 1.32 points to 1,884.52. Shanghai was off 0.11 per ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
The Coalition has confirmed that it will make $1.6 billion budget saving A by delaying the increase of the compulsory superannuation guarantee from 9% to 12%. After pressure from Labor shadow treasurer Joe Hockey released a seven-page document that ...

QE tapering fears spark $1 billion flight from bonds

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
... the US Federal Reserve which has indicated for the first time since the onset of the global financial crisis that it is close to being in a position to begin tapering its $85 billion a month quantitative easing program with most analysts expected a slowdown ...

Prepare for take-off

BENJAMIN ONG  |  WEDNESDAY, 28 AUG 2013
... broke on 19 March). Those who bought stocks when US scuds started flying again increased their fortune - by 27.2% at the close of 2003 -- the same return they got 12 years earlier.A Coincidence?A Perhaps. But still...the same profitable ending.

Market Wrap AM

AAP  |  WEDNESDAY, 28 AUG 2013
The Australian market looks set to open lower following a plunge on Wall Street as the US investors eye possible military intervention in Syria. At 0800 AEST on Wednesday, the September share price index futures contract was down 55 points at 5,068. ...

Market Wrap

AAP  |  TUESDAY, 27 AUG 2013
... cent, at 5,102.3. This came after the Dow Jones Industrial Average dropped 64.05 points overnight, or 0.43 per cent, to close at 14,946.46. The sell-off followed US Secretary of State John Kerry's comments that the use of chemical weapons in Syria was ...