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General

Market Wrap

The Australian sharemarket is expected to open in positive territory this morning, following a bounce on US equity markets overnight.

Bank of Qld plunges on sell-out but takeover talk building

Shares of Bank of Queensland (BoQ) plunged today after it lost its biggest shareholder in Commonwealth Bank of Australia, but market participants believe the move leaves it open to takeover offers.

Superannuation changes will spark salary review: Mercer

Proposed changes to the Federal Government's superannuation regime and income tax threshold's will make current salary packaging less effective financially due the reduction in tax effectiveness for pre-tax contributions and the increase in attractiveness ...

AAP Market Wrap

The Australian sharemarket fell at the open today, with a weak banking sector dragging the bourse down as a strong News Corp provided some support.

Hedge Funds post negative returns in April

Investment advisory firm Hennessee Group released monthly results for April, highlighting hedge funds posted an average return of -0.78% for the month, contributing to a positive return of 2.54% for the four months to April in 2004.

WRAP: Overnight debt and forex

The US Treasury market ended mixed [overnight], after a major rout on Friday prompted by unexpectedly strong April employment data.

Market Wrap

AAP  |  FRIDAY, 7 MAY 2004
The Australian market is expected to open weaker following losses in the US as interest rate fears, sparked by lower than expected jobless figures and high oil prices, hit the markets.

A$ opens stronger on US$ weakness ahead of jobs data

AAP  |  THURSDAY, 6 MAY 2004
The Australian dollar opened stronger today, buoyed by a weaker United States currency which fell ahead of Friday night's jobs data.

Market Wrap

Market Wrap

AAP  |  WEDNESDAY, 5 MAY 2004
In Sydney today, the Australian market is expected to open slightly weaker as US markets only inched ahead over night after losing ground towards the close of trade.