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Market Wrap AM

AAP  |  MONDAY, 17 JUN 2013
... NEW YORK - US stocks gave up an early rally and ended lower amid some slightly downbeat economic data and caution ahead of next week's Federal Reserve policy board meeting. The Dow Jones Industrial Average closed down 105.90 points (0.70 per cent) at ...

Dissenting Coalition TASA report could impact independents

LAURA MILLAN  |  FRIDAY, 14 JUN 2013
... Corporations and Financial Services is looking at industry submissions and working on a report that will be tabled in the Parliament next Monday. But the Association of Financial Advisers (AFA) chief operation officer Phil Anderson told Financial Standard ...

Aust shares open more than 1pc higher

AAP  |  FRIDAY, 14 JUN 2013
... gains stayed strong all day along with an improving Australian dollar it might point to a short term reversal in the market next week. "Offshore investors might be buoyed by that and see an opportunity to re-enter and re-establish positions in a lot ...

CIO confidence slumps to nine-month low

MARK SMITH  |  FRIDAY, 14 JUN 2013
... global equity markets, chief investment officers still expect equities to perform better than any other asset class over the next 12 months. "What we are seeing this quarter is that the strong, positive view of equities from CIOs that has underpinned ...

BDMs facing major changes without industry support

LAURA MILLAN  |  THURSDAY, 13 JUN 2013
... only 5% increased their salary. Also, 78% said that they want to move to a different company or into a different role in the next three years and 46% of them want the new role to be a senior management position. Business Health surveyed 115 managers ...

EQT appoints Australian equities head

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
... officer George Boubouras. "Paul is a highly respected and experienced wealth management professional and his appointment is the next step in the further development and growth of EQT's funds management capability," Boubouras said. Bouboras added that ...

The sky is falling downunder

BENJAMIN ONG  |  WEDNESDAY, 12 JUN 2013
... by sea. There's Goldman Sachs reducing its 2013 growth forecasts for the country to 2% (from 2.4%) and to 1.9% (from 2.7%) next year while at the same time warning of a 20% probability of a recession. There's former Reserve Bank of Australia (RBA) governor ...

Sinking emerging markets

BENJAMIN ONG  |  TUESDAY, 11 JUN 2013
... strengthened since markets interpreted Fed Chairman Bernanke's statement on 22 May as hinting of scaling back its stimulus "in the next few meetings". But emerging bond markets were hit harder with total returns slumping by 2.6% over the same period ...

Next government to reconsider super taxes: Grattan Inst

ALEX DUNNIN  |  WEDNESDAY, 5 JUN 2013
Bringing the commonwealth budget into structural surplus will require the next government to be very different to the Rudd-Gillard and Howard governments, and this will inevitably force a review of superannuation taxes, argued the Grattan Institute ...

It'll be on 18 September

BENJAMIN ONG  |  WEDNESDAY, 5 JUN 2013
... replied, "If we see continued improvement in the labour market and we are confident it is going to be sustained, then in the next few meetings we could look to do that." For the life of me, I still couldn't understand why Ben's "yes, if..." retort had ...