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Market Wrap - Morning

AAP  |  THURSDAY, 23 JUN 2011
The Australian stock market has received a mostly negative lead from offshore trading, after Wall Street closed lower and copper prices settled weaker. But oil, gold and silver prices ended firmer. At 0743 AEST, the September share price index futures ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 22 JUN 2011
Australian stocks were performing strongly at noon, following positive moves in Greece overnight towards accessing more bailout money. At 1225 AEST, the benchmark S&P/ASX200 index was up 37.3 points, or 0.83 per cent, at 4,545.5 points, while the broader ...

All clear for a bail

BENJAMIN ONG  |  WEDNESDAY, 22 JUN 2011
All seems to be clear on the western front today. The sun is shining, the sky is blue (even here in Melbourne) and everything looks hunky-dory, thanks very much. There was a kind of hush all over the world last night - hush over the tragedy that is ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 22 JUN 2011
... debt crisis and stabilizing Europe's finances. The Dow Jones Industrial Average gained 109.63 points, or 0.91 per cent, to close at 12,190.01 points. The broader S&P 500 climbed 17.16 points, or 1.34 per cent, to 1,295.52 points, while the tech-heavy ...

Deposits may shield Aussie banks from Greek debt crisis fallout

ALISON BEVEGE  |  TUESDAY, 21 JUN 2011
The Greek debt crisis is increasing the cost of funding for Australia's Big Four banks, but credit market experts say rising deposit rates are counteracting the threat. As the sovereign debt crisis in Europe continues to drag on with a 12 billion Euro ...

European authorities will blink

BENJAMIN ONG  |  TUESDAY, 21 JUN 2011
It's got the euro in its hands. It's got the whole world in its hands. There's some semblance of relative calm on financial markets overnight. Wall Street reversed early losses and closed higher. European stocks still ended in the red but on lower negatives ...

Market Wrap - Morning

AAP  |  TUESDAY, 21 JUN 2011
... releases international merchandise imports data for May. On Monday, the Australian stock market reversed early gains to close lower, as skittish sentiment triggered a broad-based sell-off. The benchmark S&P/ASX200 index ended 33.2 points, or 0.74 per ...

The road to ruin

BENJAMIN ONG  |  MONDAY, 20 JUN 2011
... 2001. GDP growth: 3.3 per cent Unemployment rate: 10.7 per cent Budget deficit as a percentage of GDP: minus3.7 per cent (close to the mandated Maastricht criteria of 3.0 per cent) Debt as a percentage of GDP: 103.4 per cent (Maastricht criteria set ...

Market Wrap - Morning

AAP  |  MONDAY, 20 JUN 2011
... containing the damage from Greece's debt crisis. The Dow Jones Industrial Average climbed 42.84 points, or 0.36 per cent, to close at 12,004.36 points, while the broader S&P 500 index rose 3.86 points, or 0.30 per cent, to 1,271.50 points. Markets rallied ...

MLC deals first blow in planning recruitment drive

MATT WOODINGTON  |  FRIDAY, 17 JUN 2011
MLC said that it hopes to add "many more" financial advisers to its ranks after Haywood Financial Management & Partners agreed to join one of its dealer groups after quitting AXA. Melbourne-based Haywood Financial, which is run by director Scott Hayward ...