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Market Wrap

AAP  |  WEDNESDAY, 6 JUN 2012
The Australian share market made modest gains in opening trade thanks to a positive lead from Wall Street and as investors await more developments in Europe's debt crisis. At 1010 AEST on Wednesday, the benchmark S&P/ASX200 index was up 18.5 points ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 6 JUN 2012
... Tokyo finished up 1.04 per cent, or 86.37 points, at 8,382.00, and Hong Kong was up 0.40 per cent, gaining 73.44 points to close at 18,259.03. Seoul closed up 1.05 per cent, or 18.72 points, at 1,801.85, and Chinese shares edged up 0.15 per cent, or ...

Shareholder backlash hits Macquarie MGU

MELANIE TIMBRELL  |  TUESDAY, 5 JUN 2012
Western Investment LLC, a large shareholder in Macquarie Global Infrastructure Total Return Fund, has publicly criticised the fund's board of directors, claiming they are failing to act in shareholders' best interests. Western Investment (Western) is ...

Market Wrap

AAP  |  TUESDAY, 5 JUN 2012
The Australian share market opened slightly higher, with most sectors posting gains as investors await the Reserve Bank of Australia's (RBA) latest interest rate decision. At 1010 AEST on Tuesday, the benchmark S&P/ASX200 index was up 49.3 points, or ...

Still a guessing game

BENJAMIN ONG  |  TUESDAY, 5 JUN 2012
"Confusion raining down from up high And all the time you ask yourself 'why?' Why can't you make decisions Can't make up your mind." -- Confusion, The Zutons This, Virginia, sums up the current state of the markets. With so much uncertainty around ...

Market Wrap - Morning

AAP  |  TUESDAY, 5 JUN 2012
... finished calendar 2011. The broader All Ordinaries index fell 83.5 points, or 2.03 per cent, to 4,033.4 points, its lowest close since October 5, 2011. NEW YORK - US stocks closed mixed after a day of bumpy trade, as eurozone turmoil kept a shadow over ...

Market Wrap - Midday

AAP  |  MONDAY, 4 JUN 2012
... spot price of gold in Sydney traded at $US1,616.00 per fine ounce by 1207 AEST, catapulting $US58.11 from Friday's local close of $US1,557.89. Resources stocks were among the hardest hit, with market heavyweight BHP Billiton falling 67.5 cents, or 2.13 ...

"If it becomes necessary" time?

BENJAMIN ONG  |  MONDAY, 4 JUN 2012
Stop looking. There are no ifs, no ands, no ors, and no buts to find, it's getting ugly out there. Oh yes Virginia, the combed over look ugly as events and indicators of the past week suggest that we are coming into, if not already in, a perfect storm. ...

Market Wrap - Morning

AAP  |  MONDAY, 4 JUN 2012
... Tokyo. Tokyo fell 1.20 per cent, or 102.48 points, to 8,440.25 while Seoul eased 0.49 per cent, giving up 8.96 points to close at 1,834.51. Hong Kong slipped 0.38 per cent, or 71.18 points, to 18,558.34 and Shanghai was flat, edging 1.20 points up to ...

Market Wrap

AAP  |  FRIDAY, 1 JUN 2012
... $24.50. The spot price of gold in Sydney traded at $US1,556.20 per fine ounce by 1039 AEST, down $US3.85 from Thursday's local close of $US1,560.05 per fine ounce. The major banks were up to 1.07 per cent lower, except for Commonwealth Bank which gained ...