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Market Wrap - Morning

AAP  |  TUESDAY, 21 APR 2009
The Australian share market is expected to open lower after US stocks slumped on concerns about the level of bad loans held by banks following Bank of America's earnings report. Gold miners may gain after the precious metal advanced on Monday while ...

Market Wrap - Morning

AAP  |  MONDAY, 20 APR 2009
... Friday, The Australian share market closed flat, amid gains by the big miners and retailers but a weaker energy sector. At the close of trade the benchmark S&P/ASX200 index was one point stronger at 3776.7 points, while the broader All Ordinaries gained ...

Risk of indigestion

BENJAMIN ONG  |  MONDAY, 20 APR 2009
... weeks since their lows in early March this year, both the MSCI developed and emerging market indices have already rallied close to 26 per cent. During this period, the S&P 500 index surged by 28.5 per cent followed closely by the 28.2 jump in the Eurozone's ...

Market Wrap - Morning

AAP  |  FRIDAY, 17 APR 2009
... results failed to inspire Wall Street. The London FTSE 100 index of leading shares jumped 84.58 points, or 2.13 per cent, to close at 4,052.98. FRANKFURT - Germany's DAX added 59.67 points, or 1.31 per cent, to 4,609.46. PARIS - France's CAC 40 gained ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 APR 2009
... dampened by disappointing economic data. The London FTSE 100 index of leading shares fell 20.59 points, or 0.52 per cent, to close at 3,968.4 points. FRANKFURT - Germany's DAX fell 7.22 points, or 0.16 per cent, to 4,549.79. PARIS - France's CAC 40 lost ...

Macquarie buys remaining Olicc shares

MICHAEL HOBBS  |  WEDNESDAY, 15 APR 2009
Coin Software, the Macquarie subsidiary, has bought the remaining amount of Olicc Technologies shares after first buying a 50 per cent stake in the technology firm in June 2007. The deal means Coin can roll-out the Olicc Technologies practice management ...

Sellers beware

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2009
... February's positive monthly gains and we have an indication that the downward adjustment in retail spending might be getting close to running its course. That is, the US consumer has cut back down their spending to the bone. The monthly retail sales ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 15 APR 2009
The Australian share market is expected to open lower on Wednesday following falls on Wall Street after a weak retail sales report punctured the market's optimism about the economy. At 0702 AEST on the Sydney Futures Exchange, the March SPI futures ...

J.P. Morgan backs Chinese stocks

COMPANY RELEASE  |  TUESDAY, 14 APR 2009
... Asset Management. According to the firm's statement, J.P. Morgan Asset Management believes MSCI China valuations are "very close" to their lowest levels either on a price to earnings (P/E) or price to book (P/B) ratio. The firm said the stocks represent ...

Market Wrap - Morning

AAP  |  TUESDAY, 14 APR 2009
The Australian share market has received mixed leads from overseas after crude oil prices slid overnight and US stocks ended mostly higher. At 0722 AEST on the Sydney Futures Exchange, the March SPI futures index was steady at 3,722. In economic news ...