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Market Wrap - Morning

AAP  |  MONDAY, 3 AUG 2009
... December 1993. The benchmark S&P/ASX200 index closed up 53.6 points, or 1.28 per cent, on Friday to 4244 points, its highest close since November 5. The broader All Ordinaries index also added 53.6 points, or 1.28 per cent, to 4249.5. NEW YORK - The ...

Mercer's self employed advice strategy falls short

MICHAEL HOBBS  |  FRIDAY, 31 JUL 2009
Mercer Wealth Solutions' strategy to sign self-employed financial planning practices has netted only two practices in a year, well short of the expected 12 practices flagged last year. Mercer Wealth Solutions launched its self-employed financial planning ...

The perfect hedge

BENJAMIN ONG  |  FRIDAY, 31 JUL 2009
Don't know about you but to me, this week is one of the most boring one for equity markets. Wall Street rebounded overnight. Big deal! The numerous companies that have reported second quarter earnings much - some even much, much - better than consensus ...

Market Wrap - Morning

AAP  |  FRIDAY, 31 JUL 2009
The Australian sharemarket is expected to open higher on Friday after gains in equities in the US, Europe and Asia overnight, and in commodities. At 0719 AEST on the Sydney Futures Exchange, the September share price index contract was 33 points higher ...

Market Wrap - Morning

AAP  |  THURSDAY, 30 JUL 2009
... points, 0.39 per cent, to 1967.76 and the broad-market Standard & Poor's 500 drifted down 4.47 points, or 0.46 per cent, to a close of 975.15. LONDON - European stock markets, resisting a slide on Wall Street, advanced, drawing strength from corporate ...

Fed brawn, RBA brains

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2009
... for three coffee cups this morning. The S&P slipped 0.3 per cent, the Dow a tad lower - 0.1 per cent - than yesterday's close and the Nasdaq ended 0.4 per cent higher. Another random walk on Wall Street, ya? But market commentators have to earn their ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 29 JUL 2009
... Macquarie Group Ltd will hold its annual general meeting. On Tuesday, the Australian sharemarket posted its eighth consecutive close above 4000 points, spurred on by financial stocks and the continuing run of stronger investor sentiment. The benchmark ...

CalPERS portfolio drops 23pc

COMPANY RELEASE  |  TUESDAY, 28 JUL 2009
The value of the California Public Employees' Retirement System (CalPERS) assets dropped more than 23 per cent to $220 billion in a year to June, the fund's most radical drop in valuations in a single year. While the pension fund's asset values dropped ...

Greener than green shoots

BENJAMIN ONG  |  TUESDAY, 28 JUL 2009
Phew! That was a close call. Just when you thought Wall Street has run out of puff, a tail wind comes to lift its sails. The Dow and the S&P 500 spent most of last night's trading activity in the red. For most of the session, investors were cashing ...

Market Wrap - Morning

AAP  |  TUESDAY, 28 JUL 2009
... June 12. HONG KONG - The benchmark Hang Seng Index closed up 268.83 points, or 1.35 per cent, at 20,251.62, its highest close since September 9. WELLINGTON - The NZSX-50 index closed up 36.84 points, or 1.24 per cent, at 2,998.01.