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Market Wrap PM

AAP  |  FRIDAY, 5 APR 2013
The Australian stock market has opened flat, with gains by the two big miners offset by weakness among healthcare companies and major retailers. Macquarie Private Wealth division director Lucinda Chan said investors were absorbing the latest announcements ...

Wealthtrac launches cloud-based SMSF platform

MARK SMITH  |  FRIDAY, 5 APR 2013
Wealthtrac, has launched a cloud-based SMSF platform that centralises administration and reporting to build efficiencies for advisers. The platform comes after two years of research that investigated where independent advisers could benefit from greater ...

Market Wrap

AAP  |  FRIDAY, 5 APR 2013
... news on Friday, the Australian Office of Financial Management will issue $600 million of April 2018 Treasury bonds. At the close on Thursday, the benchmark S&P/ASX200 index fell 44.2 points, to 4,913.5. The broader All Ordinaries index lost 47.1 points ...

Kim playing Duke Nukem is the bigger worry

BENJAMIN ONG  |  THURSDAY, 4 APR 2013
... down big time - the Dow's down by 0.8% and the S&P 500 slid by 1.1% -- along with Europe (Euro Stoxx 50 off 1.5% at the close) overnight. Asia beware when your markets open today. But short of the Bank of Japan (BOJ) and its virgin governor Haruhiko ...

Market Wrap

AAP  |  THURSDAY, 4 APR 2013
... trade and building approvals figures. In equities news, Macquarie Atlas Roads will hold its annual general meeting. At the close on Wednesday, the benchmark S&P/ASX200 index fell 27.8 points, to 4,957.7. The broader All Ordinaries index lost 29.1 points ...

Market Wrap PM

MARK SMITH  |  WEDNESDAY, 3 APR 2013
... point barrier after taking its cues from a positive finish on Wall Street. The Dow Jones climbed 0.61 per cent overnight to close at an all-time high and the S&P500 gained 0.52 per cent. Bell Potter senior adviser Stuart Smith said he expected investors ...

Market Wrap

AAP  |  WEDNESDAY, 3 APR 2013
... about two possible takeover bids. The local market closed firmer on Tuesday due to strength among financial stocks. At the close on Tuesday, the benchmark S&P/ASX200 index was 19 points, or 0.38 per cent, higher at 4,985.5. NEW YORK - US stocks have ...

Market Wrap PM

AAP  |  THURSDAY, 28 MAR 2013
Australian stocks have opened down about 0.4 per cent, with the big retail banks and energy sector leading the broader market lower. Despite the weak start on the local market, Lonsec senior client adviser Michael Heffernan said investors were taking ...

No end in sight for renminbi rally

MARK SMITH  |  THURSDAY, 28 MAR 2013
... rebalancing is factored in. Briscoe adds that the gap between the US and Chinese economies in purchasing power parity is likely to close in just a few years. Investors can benefit from an appreciation in the Chinese currency by holding renminbi-denominated ...

Market Wrap

AAP  |  THURSDAY, 28 MAR 2013
... Australia, the market on Friday closed slightly higher after solid gains for the major banks offset weak overseas leads. At the close on Friday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.16 per cent, at 4,967.3 points. The broader All Ordinaries ...