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Daily Economic Update

Declining affordability -- due to soaring home prices and higher mortgage rates - is negatively impacting US home sales. The National Association of Realtors reported that existing home sales fell by a bigger-than-expected 2.7 per cent in October to ...

Market Wrap

AAP  |  TUESDAY, 29 NOV 2005
The Australian share market is expected to open slightly weaker as a poor lead from the US is expected to spark some profit taking, although precious metal stocks are likely to be firmer after a strong performance overnight. On the Sydney Futures Exchange ...

Weekly Economic Roundup

Australian financial markets produced a lacklustre performance last week as the US celebrated a Thanksgiving holiday-shortened week. Domestic trading activity was uneventful throughout the week with only the Australian Bureau of Statistics' (ABS) new ...

Market Wrap

AAP  |  FRIDAY, 25 NOV 2005
The Australian share market is expected to open slightly firmer as strong base metal prices set the tone for the local bourse. However, with US markets closed for a public holiday, trade is expected to be reasonably thin as investors are content to ...

Market wrap

AAP  |  THURSDAY, 24 NOV 2005
The Australian share market is expected to open sharply firmer as a strong lead from the US and solid performances from commodities overnight set the tone for another tilt at record levels on the domestic bourse. On the Sydney Futures Exchange, the ...

Perpetual appoints former Credit Suisse platform manager

Perpetual Investments have appointed a former Credit Suisse AM platform manager as the new head of their retail platform WealthFocus. Before joining Perpetual, Barry Porter was responsible for CSAM's MasterWrap. He also worked as the manager of Investment ...

CommBank customers tough to please and getting tougher

CommBank customer research has reportedly revealed that their customers are tough to please and getting tougher. Commonwealth Bank managing director Ralph Norris said the bank recently commissioned two reviews, one of sales and service and the other ...

Van Eyk says stick to your Principals

Principal Global Investors (Principal) is cementing their reputation as a specialist fixed income provider by receiving an 'AA' rating for their Global Strategic Income Fund from research group van Eyk. The Principal Global Strategic Income Fund, which ...

Daily Economic Update

The US National Association for Business Economics (NABE) expects the Fed to interest raise rates to 4.25 per cent by the end of this year and 4.75 per cent by the end of 2006. The federal funds rate is currently at 4.0 per cent. NABE expects consumer ...

Daily Economic Update

Australian car buyers continue to feel the pinch of higher petrol prices. The Australian Bureau of Statistics (ABS) today reported that sales of new motor vehicles dropped by 6.7 per cent in October. Sales across all vehicle types posted declines during ...