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Market Wrap

AAP  |  FRIDAY, 18 MAY 2012
... open was gold stocks. The spot price of gold in Sydney was $US1,574.77 per fine ounce, up $US26.64 from Thursday's local close of $US1,548.13 per ounce. Australia's biggest company BHP was 2.1 per cent lower at $32.10, while Rio was down 3.5 per cent ...

Market Wrap

AAP  |  FRIDAY, 18 MAY 2012
... markets enjoyed a slight rebound as investors went bargain-hunting, analysts said. Japan's Nikkei 225 climbed 0.9 per cent to close at 8876.59 after the country posted better-than-expected growth figures for the first quarter. South Korea's Kospi added ...

Market Wrap

AAP  |  THURSDAY, 17 MAY 2012
... hunting coming in." The spot price of gold in Sydney was $US1,546.30 per fine ounce, up $US13.605 from Wednesday's local close of $US1,532.695 per ounce. US stocks closed lower for a fourth straight session - the Dow fell 0.26 per cent, the S&P500 backpedalled ...

Research: Australian private banks fall behind

MELANIE TIMBRELL  |  THURSDAY, 17 MAY 2012
Australian private banks have fallen behind the UK in satisfaction levels, according to research from CoreData. A quarterly survey of 1,722 Australians with more than $1 million excluding residence and superannuation found that only 33.1% currently ...

That anxious wait

BENJAMIN ONG  |  THURSDAY, 17 MAY 2012
... who were in it. Sure it had come down since then but - yes, another but -- the index is still up 5.3% as at last night's close. That's not a performance anyone would expect faced with the prospect of "a downturn so severe it would eclipse the chaos that ...

Market Wrap

AAP  |  THURSDAY, 17 MAY 2012
The Australian market looks set to open lower following falls on US markets overnight and continued political uncertainty in Europe. At 0645 AEST on Thursday, the June share price index futures contract was down six points at 4,155. In economic news ...

Market Wrap

AAP  |  WEDNESDAY, 16 MAY 2012
Australian stocks were down close to two per cent at noon with the resources-linked sectors doing it toughest on a day of broad-based declines. At 1203 AEST on Wednesday, the benchmark S&P/ASX200 index was down 79.6 points, or 1.87 per cent, at 4,186.7 ...

ASIC moves on insider trading

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
Insider trading and market manipulation charges are on the rise, according to ASIC, which gets 200 trade surveillance alerts indicating unusual trading activity each day. Deputy chairman of the Australian Securities and Investments Commission, Belinda ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 16 MAY 2012
... Greece faces new elections after last-ditch talks failed, just as Francois Hollande became France's new president. At the close, London's benchmark FTSE 100 index of top companies lost 0.51 per cent to 5437.62 points while in Frankfurt, the DAX 30 dropped ...

Market Wrap

AAP  |  TUESDAY, 15 MAY 2012
... anything more than that." The spot price of gold in Sydney was $US1,557.90 per fine ounce, down $US19.45 from Monday's local close of $US1,577.35 per ounce. Wall Street closed lower - the Dow Jones Industrial Average fell 0.98 per cent, the S&P500 index ...