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Market Wrap - Morning

AAP  |  MONDAY, 1 AUG 2011
... cent and the tech-heavy Nasdaq Composite fell 3.6 per cent. On Friday, the Dow Jones fell 96.87 points (0.79 per cent) to close at 12,143.24. It has now fallen for six consecutive trading days. The broader S&P 500 tumbled 8.39 points (0.65 per cent) ...

It's a deal

BENJAMIN ONG  |  MONDAY, 1 AUG 2011
... (Rep) also made known that he was "more optimistic" that congressional negotiators and President Barack Obama are "very close" to a deal. Moody's Investors Service -- that omnipotent arbiter of all things involving debt - already covered its behind even ...

Market Wrap - Midday

AAP  |  FRIDAY, 29 JUL 2011
... 88 cents at $80.32. The spot price of gold in Sydney was at $US1,615.00 per fine ounce, up 31 cents from Thursday's local close of $US1,614.69 per ounce. Newcrest Mining lost 51 cents to $39.66. Banks and financials were up, with ANZ gaining 10 cents ...

Market Wrap - Morning

AAP  |  FRIDAY, 29 JUL 2011
... globe and "despite a subdued performance for much of the day the FTSE 100 headed into positive territory just before the close," Hedden said. In London, Royal Dutch Shell said that net profits almost doubled to $US8.6 billion ($A7.83 billion) in April-June ...

Market Wrap - Midday

AAP  |  THURSDAY, 28 JUL 2011
The Australian share market remains lower as fears over a pending US sovereign debt default pulled Asia markets down, with all local sectors trading in the red. By 1200 AEST, the benchmark S&P/ASX200 index was down 49.9 points, or 1.1 per cent, at 4,487.5 ...

DC theatrics

BENJAMIN ONG  |  THURSDAY, 28 JUL 2011
Sorry folks, no matter how sick you and I already are of watching Washington's game of chicken, it remains the main game in town. If you believe the headlines, Wall Street dropped big time last night because the players are still waiting for the other ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 JUL 2011
The Australian share market is expected to decline after US stocks fell on a White House threat to veto legislation that would avert a US debt default. But Australian resource stocks may gain after the price of metals and oil rose. At 0826 AEST on the ...

Market Wrap - Midday

AAP  |  TUESDAY, 26 JUL 2011
... or 1.8 per cent, to $15.23. The spot price of gold in Sydney was $US1,613.20 per ounce, down $US4.37 from Monday's local close of $US1,617.57 per ounce. Newcrest Mining eased five cents to $40.30 at noon, although by 1230 AEST it had dropped 22 cents ...

ANZ restructure gathers pace with new planning head

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
ANZ Wealth has promoted Luke Symons to head of financial planning and brought in former Colonial First State head of strategy and planning Greg Hansen, as Paul Barrett's advice and distribution restructure continues to take shape. Barrett arrived from ...

No way USA can't repay

BENJAMIN ONG  |  TUESDAY, 26 JUL 2011
... continue to print the words "stalemate", "deadlock", "impasse" and "stand off" alongside the words "debt ceiling" oh so close to D-day. Frankly, I'm getting sick of watching this game of chicken that Washington's playing. And if you're watching the markets ...