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Market Wrap - Morning

AAP  |  WEDNESDAY, 2 MAY 2012
... European markets that were closed for May Day. London's FTSE 100 index of blue-chip companies gained a solid 1.30 per cent to close at 5,812.23 points. On foreign exchange markets, the European single currency declined to $US1.3227 from $US1.3240 in ...

Market Wrap

AAP  |  TUESDAY, 1 MAY 2012
Australian shares have opened slightly higher as confidence grows in the local market following gains in resources stocks and on high expectations of an interest rate cut. At 1015 AEST on Tuesday, the benchmark S&P/ASX200 index was up 7.4 points, or ...

Market Wrap - Morning

AAP  |  TUESDAY, 1 MAY 2012
... fell Monday amid more bad news for indebted Spain and poor US economic data. London's FTSE 100 index slid 0.68 per cent to close at 5,737.78 points and the Frankfurt DAX 30 was 0.59 per cent lower at 6,761.19 points. In Paris the CAC 40 dropped by a ...

MySuper consultation draws focus on divisions

MELANIE TIMBRELL  |  MONDAY, 30 APR 2012
Tranche three of draft MySuper legislation has raised the stakes in super governance, but the industry is looking to the consultation process to remedy long-held concerns over inequalities between the not for profit and retail sectors. The draft legislation ...

Market wrap

AAP  |  MONDAY, 30 APR 2012
... while Murchison Metals Ltd is to post its quarterly report. In Australia, the market on Friday pared back early gains to close lower on worries about the Spanish economy and its implications for the wider euro zone. The benchmark S&P/ASX200 index was ...

Market Wrap

AAP  |  FRIDAY, 27 APR 2012
... series of uneven data and corporate earnings reports that included a big disappointment from oil giant ExxonMobil. At the close, the Dow was up 113.90 points, or 0.87 per cent, to 13,204.62. National turnover was 438 million shares worth $ 1.9 billion ...

Market Wrap - Morning

AAP  |  FRIDAY, 27 APR 2012
... earnings, spelt a choppy day of trade that ended with the Dow Jones Industrial Average posting triple-digit gains. At the close, the Dow was up 113.90 points, or 0.87 per cent, to 13,204.62. The broad-based S&P 500 rose 9.29 (0.67 per cent) to 1,399.98 ...

BT Ethical divests last News Corp share

MELANIE TIMBRELL  |  THURSDAY, 26 APR 2012
BT Ethical Fund today joined the ranks of other Australian-based ethical investment specialists in being free from holdings in News Corp. As News Corp chairman Rupert Murdoch testified before the Leveson Inquiry into press ethics, BT Ethical has confirmed ...

Wow on Wall Street

BENJAMIN ONG  |  THURSDAY, 26 APR 2012
... economic outlook... we remain prepared to do more as needed to make sure that this recovery continues and that inflation stays close to target." Hit it one more time, for Ben's a jolly good fella. The European Central Bank and Germany also looks like ...

Market Wrap - Morning

AAP  |  THURSDAY, 26 APR 2012
The Australian market looks set to open higher following gains on Wall Street overnight after blockbuster profits from Apple, a solid showing by Boeing, and the US Federal Reserve predicted the US economic growth would pick up. At 0800 AEST on Thursday ...