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Morning market wrap: US stocks jump on improving outlook

... Chipmaker Taiwan Semiconductor Manufacturing Co. beat earnings forecasts for the June quarter, while two large brokerage houses also delivered positive assessments of technology spending for the second half of 2003. The Nasdaq composite index jumped ...

Retail trade rises by 0.2% in May: ABS

... approved during May rose by 1% as compared with April's figures but fell 7.1% for the year. The number of private sector houses approved in May was 9,125, an increase of 1.8% but a decrease of 6.7% for the year. The value for residential building approvals ...

Building activity slows down slightly in the March quarter: ABS

... number of new dwellings under construction reduced 9.6% from the December 2002 to the March quarter. New private sector houses under construction also reduced by 2.8% in the quarter. The ABS said that, with the exception of Western Australia, all states ...

New home sales drop in April: HIA

... dwelling sales was the result of a 3% fall in detached house sales and a 22% fall in the sale of multi units. The 9,654 new houses sold in April was less than the January and February results, but was still 17% higher than a year earlier, the HIA said. ...

Macquarie predicts stable outlook for property market

... will be the move toward communal living," Cornish said. "This has already begun with the move to second homes or holiday houses in coastal areas in particular. Community, community, community will be the next catch cry for more city dwellers, both upgraders ...

Analysis: April survey finds industry upbeat on equities

... latest market expectations survey. The survey, conducted on April 3, covered fund managers, asset consultants and research houses, super funds and master trusts, and dealer groups. It revealed that an industry average of 92 per cent believe that domestic ...

Analysis: Fund managers upbeat on Australian equities

Ninety-one per cent of fund managers, asset consultants and research houses are confident that Australian share prices will rise in the next six-to-12 months, according to the latest Financial Standard Intelligence Unit market expectations survey. None ...

Building approvals rise 4.7% in March 2003: ABS

... according to the latest Australian Bureau of Statistics (ABS) data released today. Building approvals for private sector houses was 8,196, a fall of 7.1% from February 2003 to March 2003, and a decrease of 15.1% for the year. The estimate for other dwellings ...

Building approvals fall by 4% in February: ABS

... number of building approvals from February 2002. The ABS also said that the number of building approvals for private sector houses fell 11.2% from February 2002 to 8,825 houses in February 2003. This is a also a 0.9% downfall from January 2003 to February ...

Top three dominate dealer group research market: Rainmaker

John Fernando Research houses van Eyk, Assirt, and Morningstar hold a combined 55 per cent share of the dealer group research market, according to a Rainmaker Information survey. The three have established a strong reputation and standing in the investment ...

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ASX launches first Australian bond and credit index futures

VINNY VUCAGO

ASX has launched Australia's first exchange traded bond and credit index futures, giving institutional investors a new way to manage exposure to the domestic fixed income market.

Second bidder emerges for Equity Trustees

MATTHEW WAI

Following TPG Global's initial bid for Equity Trustees' holding company last week, a local investor has joined with an improved offer.

HESTA reduces fees, minimum balance for income stream

MATTHEW WAI

HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30.

AMP North appoints head of strategic growth

RIDDHIMA TALWANI

AMP North has appointed Emma Kirk as head of strategic growth, marking her return to the financial services giant after two decades.

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