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Economics

Market wrap

AAP  |  TUESDAY, 17 MAY 2005
The Australian share market is expected to open firmer as a solid lead from the US is expected to provide enough of a positive tone to offset weakness in base and precious metals overnight.

Market wrap

AAP  |  MONDAY, 16 MAY 2005
The Australian share market is expected to open weaker as a poor lead from non-tech US stocks and continued weakness in base and precious metal prices likely to ensure further weakness on the local bourse.

Market wrap

AAP  |  FRIDAY, 13 MAY 2005
The Australian share market is expected to open weaker as a combination of weak offshore leads and poor base and precious metals sets a distinctly bearish tone for the local bourse.

Market wrap

AAP  |  THURSDAY, 12 MAY 2005
The Australian share market is expected to open firmer as solid gains from Wall St are expected to help underpin the local bourse.

Super budget for funds management

The budget delivered for the superannuation and funds management industry last night, abolishing the superannuation surcharge and assigning $16 billion to its 'Future Fund' for unfunded public service superannuation liabilities.

Market wrap

AAP  |  WEDNESDAY, 11 MAY 2005
Australian shares are likely to head lower in morning trade after hefty falls on Wall St overnight.

Super industry upbeat on budget

Superannuation associations are optimistic that tonight's budget will include positive measures for superannuation including further reductions in the superannuation surcharge and a possible extension of the co-contribution scheme.

Market wrap

AAP  |  TUESDAY, 10 MAY 2005
The Australian stock market is expected to open stronger today with a healthy overnight lead from Wall St.U.S. stocks ended higher on Monday as optimism generated by some big merger news and the April sales of McDonald's Corp. helped Wall Street's mood.

Market wrap

AAP  |  MONDAY, 9 MAY 2005
The Australian share market is expected to open slightly weaker after mild gains in the US on Friday, driven by stronger than expected employment figures in the United States - although interest rate concerns limited gains.

Market wrap

AAP  |  FRIDAY, 6 MAY 2005
The Australian share market is expected to open slightly weaker, although the market could receive a boost from firmer base and precious metals overnight.