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STOCK markets in the United States
and Europe have been building up
steam for six months and now seem
oblivious to still fragile economic
growth, but analysts say this does not
yet amount to another financial bubble.
Markets tend to anticipate trends and
most of the signals emerging from the
main stock markets in the world are
pointing towards “go”.
Since the middle of July, the main Dow
Jones index on Wall Street has risen by
10.0 per cent.
Driven by prospects or hopes of
economic recovery, it has broken
through the 14,000 point level to reach
its highest level since November 2007.
In Europe, the main index in Germany, the Dax, has surged
by about 20 per cent since July and is at the highest level
since the beginning of 2008.
The French CAC 40 index has made similar gains but is
around levels reached in the middle of 2011.
“The market is in the process of making a long-term change
of direction,” said Bertrand Lamille, director of investment
management at B*Capital, a branch of BNP... READ MORE
Liquidity pushes markets back to good times CONFIDENCE in superannuation is at an all-time low, says
the Adelaide-based head of the Self Managed Superannuation
Fund Professionals Association (SPAA), Andrea Slattery.
The comments come after SPAA lodged its pre-budget
submission with the federal Treasury on Friday, calling
on the government to increase the current cap on pre-tax
contributions for people over 50 from $25,000 to $35,000 and
to ease the harsh penalties on excess contributions.
In a subsequent interview with The Australian, Slattery
said the continual erosion of super tax concessions to meet
short-term fiscal goals was undermining the effectiveness of
superannuation as the nation’s key retirement savings vehicle.
“The constant changes have meant that people are
choosing to leave super and look for alternative investment
opportunities,” she said. READ MORE
Super confidence at “all-time low”
NEWSPAPER circulation has continued
to decline, latest figures show.
The decline reflects fragile consumer
confidence and the tough retail
environment, claims the industry body
established to promote newspapers,
The figures follows research released
this week showing varying levels of
take-up of digital platforms.
Monday to Saturday sales of national,
metropolitan and regional printed
newspapers dipped by... READ MORE
Paper sales and revenue in decline
HOLDEN will import a station wagon version of its
Cruze model to Australia in the next year.
A Chevrolet-badged version of the Cruze wagon will
go on display at a motor show in Geneva next month,
the company announced last night.
Cruze sedan and hatch models are... READ MORE
LINKEDIN is reporting a strong fourth quarter as the
online professional networking service added 14 million
members. Its net income and revenue beat Wall Street’s
The results announced this morning provided further
evidence of online networking’s... READ MORE
Cruze wagon to be imported
Online networking pays dividends
Unwanted freebies: Sunday Mail giveaways at Bunnings late
on a Sunday afternoon.
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CREDITORS of collapsed engineering conglomerate Hastie
Group have unanimously voted for all 42 of the company’s
subsidiaries to be placed into liquidation.
The group includes local entities AFA Air Conditioning Pty
Limited at Thebarton and Direct Engineering Services Pty
Liquidator PPB Advisory said the creditors voted at a number
of meetings across the country at the end of last week.
A PPB Advisory spokesman said liquidators have greater
rights to investigate and examine the affairs of the company.
This includes, subject to funding, conducting examinations of
persons of interest, which may include directors, auditors and
advisers to Hastie Group.
In its second creditors’ report, PPB Advisory... READ MORE
Hastie collapse complete
stocks, which has
since 2007, is over.”
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