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Market wrap

AAP  |  TUESDAY, 22 APR 2014
... 15 cents higher at $35.51. Telstra was two cents stronger at $5.15. On Wall Street, the Dow Jones Industrial Average advanced 40.71 points, 0.25 per cent, to 16,449.25 points as solid earnings reports from Halliburton and others kicked off the busiest ...

Knight Janet

BENJAMIN ONG  |  THURSDAY, 17 APR 2014
... require low real interest rates for some time is again not confined to the United States but is shared broadly across many advanced economies." Happy Easter to all and most especially to you Aunt Janet... errr, Knight Janet!

Market wrap

AAP  |  TUESDAY, 15 APR 2014
... had added 12 cents to $35.00 and Commonwealth Bank was up 36 cents at $76.87. In the resources sector, Rio Tinto had advanced 63 cents to $63.89 despite producing and shipping less iron ore during the first three months of 2014 due to bad weather. BHP ...

Australian budget to blow

BENJAMIN ONG  |  THURSDAY, 10 APR 2014
... discovered that "Australia has posted the fastest budget deterioration over the past six months of any of the 29 most advanced economies tracked by the International Monetary Fund". (AFR) Australia's budget deficit had widened by about 1% of our GDP ...

Market Wrap AM

AAP  |  WEDNESDAY, 9 APR 2014
... three straight losses. The Nasdaq added 33.23 points, or 0.81 per cent, to 4,112.99. The Dow Jones industrial Average advanced 10.27 points, or 0.06 per cent, to 16,256.14, while the broad-based S&P 500 rose 6.92 points, or 0.38 per cent, to 1,851.96. ...

Time to go away?

BENJAMIN ONG  |  TUESDAY, 8 APR 2014
... Bloomberg, "Technology shares were hit as traders dumped the biggest winners of the bull market amid concern valuations have advanced too far... The Nasdaq Composite Index... trades at 31.5 times reported earnings of the companies in the index." TMT ...

Advisers show overwhelming support for ETFs

MARK SMITH  |  MONDAY, 7 APR 2014
... sales strategy Kevin Quigg said. "Advisers are rethinking the products they use at the core of their portfolios with advanced beta or smart beta ETFs beginning to replace traditional passive index exposures. "ETFs free part of an expense and risk budget ...

Prescriptions galore

BENJAMIN ONG  |  THURSDAY, 3 APR 2014

Market Wrap AM

AAP  |  THURSDAY, 3 APR 2014
... Dow rose 40.39 (0.24 per cent) to 16,573.00, about four points shy of a record. The tech-rich Nasdaq Composite Index advanced 8.42 (0.20 per cent) to 4,276.46. Analysts said investors remain in a fairly hopeful mood following a run of economic data that ...

Market Wrap AM

AAP  |  WEDNESDAY, 2 APR 2014
... 500 jumped 13.18 (0.70 per cent) to 1,885.52, its first record close since March 7. The Dow Jones Industrial Average advanced 74.95 (0.46 per cent) to 16,532.61, while the tech-rich Nasdaq Composite Index surged 69.05 (1.64 per cent) to 4,268.04. Art ...