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Market Wrap

AAP  |  TUESDAY, 8 JUL 2014
... watchers expressed nervousness at the latest surge in equity prices that last week lifted the Dow above 17,000 for the first time. Nobel prize-winning economist Joseph Stiglitz said in a television interview he was "very uncomfortable" with current stock ...

Market wrap

AAP  |  MONDAY, 7 JUL 2014
... another fall in the unemployment rate last week helped push the Dow Jones Industrial Average above 17,000 points for the first time, were the main drivers of the local market. "The market is wanting to be optimistic and I think overseas markets are mainly ...

Market Wrap AM

AAP  |  MONDAY, 7 JUL 2014
... cent) to 1,985.44. Both indices notched closing records three days in a row and the Dow closed above 17,000 for the first time. The gains were also strong on the tech-rich Nasdaq Composite Index, which tacked on 88.00 (2.00 per cent) to 4,485.93. The ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
Commonwealth Bank (CBA) boss Ian Narev will front the media for the first time since a damning report called for a royal commission to investigate its financial advisers. Narev will face a media conference in Sydney at 1045 AEST on Thursday, a week ...

Market wrap AM

AAP  |  TUESDAY, 1 JUL 2014
... The US' National Association of Realtors said the pending home sales index jumped 6.1 per cent in May to 103.9, the first time the index has topped 100 since November 2013. GM announced six additional recalls, totalling 8.4 million vehicles in North ...

Henderson set to acquire US fund manager Geneva

MARK SMITH AND AAP  |  MONDAY, 30 JUN 2014
... to grow rapidly, doubling its AUM since 2011. "In May 2014, the US mutual fund range reached $US10 billion for the first time, with net inflows of $US1.4 billion in the year to date," the firm said. Henderson chief executive Andrew Formica said the developing ...

FUM closes in on $2trn

ALEX DUNNIN  |  TUESDAY, 24 JUN 2014
... estimated overseas sourced market of $218 billion takes the overall market close the $2 trillion threshold for the first time. Reinforcing this positive assessment, they said since the depths of the GFC the FUM market has now increased 48% or by about ...

Market wrap AM

AAP  |  TUESDAY, 24 JUN 2014
... in six months. The HSBC's manufacturing activity index in June rose to its highest reading for 2014, at 50.8 - its first time above the 50-mark this year - which the bank said showed the world's second largest economy had turned the corner. The benchmark ...

Good or bad, it's all good

BENJAMIN ONG  |  TUESDAY, 24 JUN 2014
... Keqiang wants. HSBC/Markit's preliminary estimate of China's manufacturing PMI rose to a 50.8 reading in June, the first time in six months that factory activity in the country has bounced into expansion territory and... as HSBC chief China economist ...

Market wrap

AAP  |  TUESDAY, 17 JUN 2014
... have also been hit by further declines in the iron ore price. The iron ore price dropped below $US90 a tonne for the first time in over two years. Rio Tinto dropped 42 cents to $57.57, BHP Billiton had shed 25 cents to $35.37 and iron ore miner Fortescue ...