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Market Wrap - Midday

AAP  |  MONDAY, 12 SEP 2011
... 6.5 per cent to $2.05. The spot price of gold in Sydney was $US1,850.1 per fine ounce, down $US22.90 from Friday's local close at $US1,873.00. National turnover was one billion securities changing hands for $1.72 billion, with only two out of 100 stocks ...

Market Wrap - Morning

AAP  |  MONDAY, 12 SEP 2011
... markets were stung by fresh anxiety in the eurozone over Greece's bailout. The Dow fell 303.68 points (2.69 per cent) to close at 10,992.13. The broader S&P 500 fell 31.67 points (2.67 per cent) to 1,154.23, while the tech-heavy Nasdaq Composite shed ...

Market Wrap - Midday

AAP  |  FRIDAY, 9 SEP 2011
... said. Mr Leppinus expects an afternoon of quiet trading and predicts the share market will hold onto some of its gains and close about 30 points higher. Gold stocks were the biggest movers, with Australia's biggest gold miner Newcrest Mining up 79 cents ...

Market Wrap - Morning

AAP  |  FRIDAY, 9 SEP 2011
The Australian market looks set to open flat, continuing Thursday's late trend and after falls on overseas markets. At 0704 AEST on Friday, the September share price index futures contract was down 17 points at 4,170. There is no economic or equities ...

Market Wrap - Midday

AAP  |  THURSDAY, 8 SEP 2011
... following the ABS data. The spot price of gold in Sydney was $US1,837.70 per fine ounce, down $1.05 from Wednesday's local close of $US1,838.75. Newcrest Mining had fallen six cents to $39.47, while Kingsgate Consolidated was down 13 cents at $8.82. ...

Market wrap

AAP  |  THURSDAY, 8 SEP 2011
... Reserve said the US economy was still growing slowly. The Dow Jones Industrial Average rose 275.56 points (2.47 per cent) to close at 11,414.86, in a healthy rebound after three consecutive trading days of triple-digit losses. The broader S&P 500 surged ...

AXA winds up billion dollar funds

ELISE BURGESS  |  WEDNESDAY, 7 SEP 2011
AXA Australia is in the process of winding up seven funds, including a $1.06 billion mortgage fund, with a withdrawal offer available on two others. An AXA spokesperson confirmed to Financial Standard yesterday that AXA had completed a review of its ...

J.P Morgan strengthens Treasury Services

RACHEL DAVIS  |  WEDNESDAY, 7 SEP 2011
J.P. Morgan Treasury Services has appointed a new head of treasury services, Australia & New Zealand and has made two senior appointments to its Southeast Asia teams. Nadia Schiavon has been appointed head of treasury services, Australia & New Zealand. ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 7 SEP 2011
... gaining 15 cents to $3.35. The spot price of gold in Sydney was $US1,873.9 per fine ounce, down $32.73 from Tuesday's local close at $US1,906.63. National turnover was 919.01 million shares changing hands for $2.13 billion, with about eight out of 10 ...

Inflation not currency worrying the RBA

ALEX DUNNIN  |  WEDNESDAY, 7 SEP 2011
Anyone who thinks the Reserve Bank was about to cave into pressure for lower interest rates to take pressure of the AUD should read their rates decision statement from yesterday because it seems they were closer to lifting them than they were to lowering ...