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Market Wrap - Morning

AAP  |  MONDAY, 25 AUG 2008
... price has fallen dramatically in the past year. The Dow Jones Industrial Average surged 197.85 points, or 1.73 per cent to a close of 11,628.06, while the tech-heavy Nasdaq composite gained 34.33 points, or 1.44 per cent to 2,414.71. The broad-market ...

Market Wrap - Midday

AAP  |  FRIDAY, 22 AUG 2008
The Australian share market was close to one per cent higher at noon after shaky financial stocks changed direction to add to strong gains in the resources sector. At 1200 AEST, the benchmark S&P/ASX200 had gained 42.9 points, or 0.88 per cent to 4,918.1 ...

Market Wrap - Morning

AAP  |  FRIDAY, 22 AUG 2008
The Australian stock market is expected to open flat today after a mixed lead from the US, although the futures index in Sydney was higher. At 0745 AEST, the Sydney Futures Exchange's September share price index futures contract was up 31 points at ...

Perpetual posts $133m profit

MICHAEL HOBBS  |  THURSDAY, 21 AUG 2008
... internal controls." Following its results announcement, Perpetual's share price fell almost one per cent yesterday at the close of trading to $45.

Market Wrap - Morning

AAP  |  THURSDAY, 21 AUG 2008
The Australian stock market is expected to open higher today after US stocks had a moderate gain overnight. At 0659 AEST, the Sydney Futures Exchange's September share price index futures contract was up 37 points at 4,919. In news today, the Reserve ...

The saga continues

BENJAMIN ONG  |  WEDNESDAY, 20 AUG 2008
Data released overnight shows a continued decline the US housing market, price pressures remain and its financial sector problems have not gone away. US housing starts fell by 11 percent to an annualised 965,000 units in July -- the lowest level since ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 20 AUG 2008
... to believe an economic recovery is far off. The Dow Jones industrial average dropped 130.84 points, or 1.14 per cent, to close at 11,348.55. The Standard & Poor's 500 index fell 11.91, or 0.93 per cent, to 1,266.69, and the Nasdaq composite index fell ...

CalPERS unveils infrastructure plan

RUTH LIEW  |  TUESDAY, 19 AUG 2008
America's largest pension fund California Public Employees' Retirement System (CalPERS) is rolling out a two-year specialised investment strategy for infrastructure - heralding its interest in increased portfolio diversity. According to a statement ...

More worries for US financials

BENJAMIN ONG  |  TUESDAY, 19 AUG 2008
It was another down day for Wall Street overnight as concerns about the financial sector resurfaced and another negative housing news overcame a drop in crude oil prices. Crude oil prices settled below US$113 a barrel last night following reports that ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 AUG 2008
... little higher yesterday as investors anticipated a good profit result from BHP Billiton, which released its results after the close of the market. The benchmark S&P/ASX200 index was up 3.3 points to 4,985, while the broader All Ordinaries index gained ...