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Market Wrap AM

AAP  |  WEDNESDAY, 25 JUN 2014
... oil prices. The Dow Jones Industrial Average rose 25.62 (0.15 per cent) on Friday to 16,947.08, a new high. The S&P 500 advanced 3.39 (0.17 per cent) to 1,962.87, while the tech-rich Nasdaq Composite Index gained 8.71 (0.20 per cent) to 4,368.04. General ...

Market wrap

AAP  |  MONDAY, 23 JUN 2014
The Australian share market is higher following a strong lead from Wall Street. The Dow and S&P 500 advanced to fresh records on Friday amid a lift in oil prices and the French government having favoured General Electric's proposal to take over Alstom's ...

Market wrap

AAP  |  MONDAY, 16 JUN 2014
... escalating sectarian violence in Iraq that has lifted oil prices to nine-month highs. The Dow Jones Industrial Average advanced 41.55 points (0.25 per cent) to 16,775.74. The broad-based S&P 500 gained 6.05 (0.31 per cent) at 1,936.16, while the tech-rich ...

Wall Street slips on oil slick

BENJAMIN ONG  |  FRIDAY, 13 JUN 2014
... northern and central Iraq, increasing the prospect of a return to civil war in OPEC's second-biggest oil producer... WTI advanced 2 percent while Brent gained 2.8 percent." (Bloomberg again). Yikes! Be afraid. Bloomberg quotes John Kilduff - "a partner ...

Market Wrap AM

AAP  |  FRIDAY, 13 JUN 2014
... the Reserve Bank lifted the official cash rate and offered no respite to further interest rate hikes. The NZX 50 Index advanced 15.96 points, or 0.3 per cent, to 5195.11.

Market wrap

AAP  |  WEDNESDAY, 11 JUN 2014
... $4.55. The banks were higher, with National Australia Bank up four cents at $33.68, Westpac up 14 cents at $34.77, ANZ had advanced eight cents to $33.84 and Commonwealth Bank was eight cents higher at $82.50.

EQT receives approval for ANZ Trustees acquisition

STAFF WRITER  |  FRIDAY, 6 JUN 2014
... employees at ANZ Trustees have already signed new employment agreements with EQT. "The client contact program is well advanced and project teams have been formed to manage the transition and integration of the two businesses," EQT said. The acquisition ...

Market Wrap AM

AAP  |  MONDAY, 2 JUN 2014
... gained 18.43 points, or 0.11 per cent, to 16,717.17, edging above the previous record by less than two points. The S&P 500 advanced 3.54 points, or 0.18 per cent, to 1,923.57, notching a record for the second straight day. But the tech-rich Nasdaq fell ...

So bad it's good

BENJAMIN ONG  |  FRIDAY, 30 MAY 2014
... house price index came in more than expected in March (so did the FHFA measure of house prices); consumer confidence advanced to 83 in May from 81.7 in the previous month." Add to this last night's positive indication on the US labour market. Jobless ...

In with the old, out with the new

BENJAMIN ONG  |  THURSDAY, 29 MAY 2014
... house price index came in more than expected in March (so did the FHFA measure of house prices); consumer confidence advanced to 83 in May from 81.7 in the previous month." Surely, these good stats are good for at least another month more, shouldn't ...