Marc Bineham’s professionalism earns national award

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Marc Bineham, a Sydney-based financial adviser and NSW/ACT state director of the Association of Financial Advisers (AFA), has been awarded Risk Adviser of the Year by Professional Investment Services (PIS), Australia’s leading independently-owned network of financial advisers and accountants. Mr Bineham was chosen from more than 1257 financial advisers in PIS’ Australian network at the […]

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What’s next for Asian Equities?

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Having bounced back strongly since the lows of 2008, Asian equity markets have recently been through a soft patch, underperforming developed markets such as the US and broader global indices. What’s next for Asia share markets? The recent softness in Asian equity markets stemmed mainly from worries about the impact of rising inflation and the […]

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CommSec: Job ads slump; Inflation eases to 5-year low

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TD Securities monthly inflation gauge; Job Ads; Weekly petrol price Job market slows. The ANZ job advertisement index slumped by 6.5 per cent in May with internet jobs down 6.6 per cent and newspaper job ads down 2.7 per cent. It was the second monthly drop in job ads –the first back-to-back declines in almost […]

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CommSec: Aussies go on a health kick; exports reliant on China

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Retail trade; International trade Retail spending grew by 1.1 per cent in April after falling by 0.3 per cent in March. The lift in sales was driven by increased spending at sporting good outlets, footwear and department stores. Spending fell most at newsagents, book stores and take-away food outlets. Spending at takeaway food stores has […]

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CommSec: Patchwork economy in reverse; manufacturing shrinks

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National accounts The Australian economy fell by 1.2 per cent in the March quarter. And while the downturn can be largely explained by the disruption to coal exports caused by Cyclone Yasi, it only takes a small fall in output in the June quarter to produce a “technical recession.” In short, there are no grounds […]

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Market correction provides opportunities in Asian markets

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The current correction in Asian equity markets will lead to an extended period of consolidation that gives investors the opportunity to take advantage of price weaknesses in strong companies, says Mr Evan Erlanson, Chief Investment Officer at Asian equities manager Seres Asset Management. “Despite the general market correction, we remain optimistic on the broad trend […]

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AMP: Weekly market & economic update

Headline developments of the past week The European debt crisis is continuing to rumble along with increasing talk of a “soft debt restructuring” for Greece which would involve extending the maturities on Greek debt but without changing the principle or interest rates. Greece announced that it would double the size of its austerity measures from […]

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RBA minutes: rates on hold for now,foreign central bank investment on the rise

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Lending finance; RBA Board minutes Lending rebounds, albeit from a low base. Total lending finance rose by 7.7 per cent in March after sliding by 5.7 per cent in February. Encouragingly commercial finance rose by 13.3 per cent in March while personal finance rose by 0.5 per cent in March – marking just the third gain […]

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Hillross announces strategic appointments

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Hillross has completed a series of senior appointments, boosting the level of regionalised support to its network of advisers.  Hillross Managing Director Hugh Humphrey said the appointments were an important step for Hillross as it pushed forward with its growth strategy. “As affluent clients can have more complex needs, our practices value localised, accessible support […]

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Strategy Monthly: Euro confusion

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Equities appear to have recovered their poise after the four-week correction from mid February to the lows around the time of the terrible events in Japan mid March. Markets have taken the ECB raising interest rates in their stride, perhaps because expectations for rate hikes in the UK and US have been pushed further out […]

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