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Market Wrap - Midday

AAP  |  FRIDAY, 7 OCT 2011
... that fell. The materials sector was the strongest on the market, rising 2.5 per cent. Among the miners, BHP Billiton advanced 2.3 per cent, or 82 cents, to $37.12, while fellow miner Rio Tinto gained $2.01, or 3.2 per cent, to $65.29. Fortescue Metals ...

Market Wrap - Morning

AAP  |  THURSDAY, 6 OCT 2011
... 5,102.17 points on Wednesday while in Frankfurt, the DAX soared 4.91 per cent to 5,473.03 points and in Paris the CAC-40 advanced 4.33 per cent to 2,973.90 points. Other European markets posted similar gains, with Milan gaining nearly 4.0 per cent despite ...

Second generation platform consolidation push

ELISE BURGESS  |  FRIDAY, 30 SEP 2011
... chip players such as Citi, JP Morgan and BNY to provide a managed service proposition. The Australian market is quite advanced for financial products but in terms of the underlying infrastructure it is still quite fragmented," said Klim. Regulatory changes ...

Market Wrap - Morning

AAP  |  TUESDAY, 27 SEP 2011
... crisis. The Dow Jones Industrial Average rose 272.38 points (2.53 per cent) to finish at 11,043.86. The broader S&P 500 advanced 26.52 point (2.33 per cent) to 1,162.95, while the tech-heavy Nasdaq Composite added 33.46 points (1.35 per cent) to 2,516.69. ...

Global forecast downgraded, Australia strong

RACHEL DAVIS  |  WEDNESDAY, 21 SEP 2011
... growth forecasts but has predicted that the Australian economy will grow by 3.3% in 2012, with its forecast for global advanced economies at only 1.9%. The IMF's September World Economic Outlook (WEO) has downgraded its global growth forecasts, projecting ...

IMF says prepare to buy

BENJAMIN ONG  |  WEDNESDAY, 21 SEP 2011
... now predicts global growth to "moderate to about 4 percent through 2012, from over 5 percent in 2010. Real GDP in the advanced economies is projected to expand at an anemic pace of about 1.5 percent in 2011 and 2 percent..." and "would lower growth rate ...

Market Wrap - Morning

AAP  |  MONDAY, 12 SEP 2011
... index, 21 stocks rose, 14 fell and 15 were unchanged. Turnover was a lower-than-average $77.6 million. Asian markets advanced after US President Barack Obama proposed a $US447 billion plan to spur economic growth, and after China's inflation rate eased ...

Planning industry unified on commissions: AMP

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
... "Australia has the FPA Australia, the Financial Services Council and Future of Financial Advice reforms, we are more advanced and moving towards a marketplace without commissions." "In the US there is still more work to be done to move the entire marketplace ...

Sustainability already impacting investments

ELISE BURGESS  |  THURSDAY, 8 SEP 2011
... sustainability will be relevant in the future but not of concern now," she said. The Australian market is surprisingly well advanced in some ways with a large amount of the UN Principles of Responsible Investing 900 signatories being Australian. "Over ...

Market Wrap - Midday

AAP  |  THURSDAY, 8 SEP 2011
... climbed 2.82 per cent, or 17 cents, to $6.19. Meanwhile, Woodside Petroleum was up three cents at $33.95 and Santos had advanced seven cents to $11.57. The industrial sector was 0.32 per cent firmer, while financials had advanced 0.03 per cent. Both ...