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Market Wrap - Midday

AAP  |  WEDNESDAY, 23 MAY 2012
... enormous potential there." The spot price of gold in Sydney was $US1,559.90 per fine ounce, down $US27.875 from Tuesday's local close of $US1,587.78 per ounce. Making news, Myer said like-for-like sales in its department stores for the 13 weeks to April ...

UBS expands wholesale team

BEN COLLINS  |  WEDNESDAY, 23 MAY 2012
UBS Global Asset Management has expanded its wholesale sales team with the appointments of James Tomkins and Alistair Dunne as national sales managers. Working closely with wholesale clients and advisers, Dunne will be responsible for clients in Victoria ...

Market Wrap

AAP  |  WEDNESDAY, 23 MAY 2012
... Tuesday enjoyed its second consecutive day of recovery from last week's big drops, driven by overnight offshore leads. At the close on Tuesday, the benchmark S&P/ASX200 index was up 47.4 points, or 1.2 per cent, at 4,121. The broader All Ordinaries index ...

IMCA: Asset allocation future uncertain

LINDA HAUSKEN  |  TUESDAY, 22 MAY 2012
... retirement and their proximity toward retirement. I think that's the bigger question," said White. "The needs of members who are close to, or already in, retirement are completely different from those in the accumulation phase in areas such as income ...

Market Wrap

AAP  |  TUESDAY, 22 MAY 2012
... potentially finding a zone." The spot price of gold in Sydney was $US1,592.40 per fine ounce, down $US2.13 from Monday's local close of $US1,594.53 per ounce. Making news, Leighton Holdings told shareholders at its annual general meeting the global construction ...

Missed the bottom?

BENJAMIN ONG  |  TUESDAY, 22 MAY 2012
Say what? Now I'm not complaining - I'll take every little bit that restores market confidence - but I believe this chapter of the Greek tragedy isn't over yet. At least, until closer to, on the day, or right after the 17 June elections when the Greeks ...

Market Wrap

AAP  |  TUESDAY, 22 MAY 2012
The Australian market looks set to open higher after European markets rose overnight and Wall Street closed up more than one per cent. At 0810 AEST on Tuesday, the June share price index futures contract was up 33 points at 4,105. In economic news on ...

Investors set to remain cautious: Franklin Templeton

BEN COLLINS  |  MONDAY, 21 MAY 2012
... concluded that in the near term respondents will remain cautious, fairly conservative and likely to keep their investment money close to home. Uncertainty about the global economy has continued to heavily influence respondents' attitudes toward investing. ...

VIX says nearly shopping time

BENJAMIN ONG  |  MONDAY, 21 MAY 2012
Armageddon. Catastrophe. Lehman Bros moment. GFC mark II. Game over. Funny but... haven't I heard all this before? Let me think. Yeah right. That's it. "Twas about four years ago when Lehman bit the dust. Remember how you - and your neighbours -- felt ...

Market Wrap

AAP  |  MONDAY, 21 MAY 2012
... results while Elders is scheduled to release its first half results. In Australia, the market on Friday fell sharply to close as its lowest level for six months as investors took fright over developments in the troubled euro zone. About $35 billion was ...