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Market Wrap

AAP  |  WEDNESDAY, 18 APR 2012
... news. The other main macro news coming out was the IMF upgrading the 2012/2013 growth expectations for the world." At the close, London's benchmark FTSE 100 index of top companies was up 1.78 per cent at 5,766.95 points. US shares surged, led by a huge ...

Alphinity backs growth in energy sector

ELISE BURGESS  |  WEDNESDAY, 18 APR 2012
... experience 4% steel growth in 2012 but picks the energy sector as where the real growth can be found. "We are coming to the close of the super growth cycle for steel although there is a short term tactical way of playing that sector as momentum improves ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 APR 2012
... Spanish bond auction eased concerns over the eurozone debt crisis and an upbeat IMF outlook on the world economy. At the close, London's benchmark FTSE 100 index of top companies was up 1.78 per cent at 5766.95 points. In Frankfurt, the DAX 30 rallied ...

Market Wrap

AAP  |  TUESDAY, 17 APR 2012
... NASDAQ slipped 0.76 per cent. The spot price of gold in Sydney was $US1,651.70 per fine ounce, up $US9.25 from Monday's local close of $US1,642.45 per ounce. Still to come on Tuesday, the Reserve Bank of Australia (RBA) is due to release the minutes ...

Dip buyers buy the dip

BENJAMIN ONG  |  TUESDAY, 17 APR 2012
The Gremlins are coming back to haunt. Or so it'll seem as you read reports reporting that, once again, we're doomed. Yes Virginia, you'll be scared off your pants to know that the S&P 500 index posted its biggest weekly loss in 2012. It fell an earth-shattering ...

Market Wrap - Morning

AAP  |  TUESDAY, 17 APR 2012
The Australian market looks set to open higher, despite a mixed lead from Wall Street as investors weigh better-than-expected US retail sales numbers, a sharp slowdown in New York manufacturing and renewed eurozone debt tensions. At 0750 AEST on Tuesday ...

Market Wrap - Morning

AAP  |  MONDAY, 16 APR 2012
... lifted hopes of fresh monetary easing by Beijing. The Hang Seng Index on Friday added 1.84 per cent, or 373.72 points, to close at 20,701.04 on turnover of HK$61.87 billion ($A7.67 billion). China said on Friday its economy grew by 8.1 per cent in the ...

Currencies dominate CFDs

MELANIE TIMBRELL  |  FRIDAY, 13 APR 2012
... metals. "We expect that there will be a steady grinding uptrend for the local Aussie index. It will be critical to keep a close eye on overhead resistance levels across all indices as they continue to show overbought levels following their incredibly ...

ACT super account takes $450m GFC hit

ALEX DUNNIN  |  FRIDAY, 13 APR 2012
Poor returns due to the GFC has resulted in the ACT government's superannuation provision fund suffering a $450 million investment income shortfall over the past five years. The fund, now estimated to hold $2.2 billion in FUM, was established in 1997 ...

Market Wrap - Midday

AAP  |  FRIDAY, 13 APR 2012
... Friday. The June 10-year bond futures contract was trading at 96.185 (implying a yield of 3.815 per cent), up from Thursday's close of 96.150 (3.850 per cent.) The June three-year bond futures contract was at 96.720 (3.280), up from 96.690 (3.310 per ...