Tuesday, August 5, 2008

New market service for Managed Funds, ETFs and Structured Products

The new service for Managed Funds, ETFs and Structured Products is aimed at domestic and international product issuers that provide investment products for both retail and institutional investors but who have not, traditionally, been provided with a dedicated operating framework within the exchange-traded environment.

A new rules framework, called the AQUA Rules, will support the listing of these products on ASX. The AQUA Rules expand the range of ASX services beyond equities, A-REITS (listed property trusts), listed investment companies and warrants, all of which are listed under either the ASX Equity Listing Rules or the ASX Warrant Listing Rules.

The proposed AQUA Rules are subject to the non-disallowance process under the Corporations Act.

More information on the new market service released today can be found on the following links:

Monday, August 4, 2008

Latest Stock Market News

London shares outlook - Easier after NY falls; bank earnings, interest rates key


LONDON (Thomson Financial) - UK blue chips are expected to open lower Monday following pre-weekend falls on Wall Street, with further earnings reports from UK banks, kicking off today with HSBC, and global interest rate decisions to be the main focus of attention this week.

Spread bettors IG Index expect the FTSE 100 index to open around 8 points lower at 5,346, after closing 57.2 points lower Friday at 5,354.7.

Pre-weekend on Wall Street, the DJIA closed 51.70 points weaker at 11,326.32, while the broader S&P 500 index fell 7.07 points to 1,260.31, and the Nasdaq Composite lost 14.59 points at 2,310.96.

Wall Street retreated after readings on U.S. jobs and manufacturing -- the first reports for the third quarter -- indicated that businesses and workers still face a tough economy.

Asian markets were lower today, with Japan's Nikkei 225 index down 133.53 points at 12,961.063 at midday, while Hong Kong's Hang Seng ended the morning 202.97 points weaker at 22,659.63.

World Stock Markets Rally

LONDON — Asian stocks surged, Europe extended its gains and Wall Street was poised to rally once more Wednesday amid a growing belief that the worst of the credit crisis is over.

In Europe, share prices rose for banks such as UBS, which announced it was issuing new shares to help bolster its balance sheet after another massive write-down linked to bad U.S. mortgages. But automakers lagged on weak U.S. sales data for March, as well as a broker downgrade for Daimler.

In the U.K., the FTSE 100 rose 0.22 percent at 5,865.30, while Germany's DAX gained 0.65 percent at 6,763.77. France's CAC 40 climbed 0.68 percent to 4899.16.

Shares of UBS rose 3.27 percent, while Barclays PLC jumped 3.39 percent and Royal Bank of Scotland added 2.84 percent.

In Tokyo the Nikkei 225 index rose 4.2 percent to 13,189.4. Hong Kong's Hang Seng Index climbed 3.2 percent to 23,872.4.

Sunday, August 3, 2008

FTSE falls on US data, miners; British Energy dips


* FTSE 100 1.1 pct lower after U.S. data

* Miners fall as metal prices slip; crude rises

* Kingfisher rises after sale of Castorama Italy business

* British Energy down as EDF walks away from bid

By Michael Taylor

LONDON, Aug 1 (Reuters) - Britain's benchmark share index extended losses to fall by more than 1 percent on Friday as U.S. jobs data weighed, while mining stocks tracked metal prices lower and British Energy (BGY.L: Quote, Profile, Research) slipped after a takeover blow.

The FTSE 100 .FTSE ended down 57.2 points, or 1.1 percent, at 5,354.7 and is 17 percent lower for the year to date.

Across the Atlantic, U.S. shares fell to weigh on UK sentiment following GM's (GM.N: Quote, Profile, Research) big loss, which added to worries about consumer spending, and U.S. employment data.

Friday, August 1, 2008

US STOCKS-Wall Street dips on GM loss, oil, jobs data


* Oil rises on tension about Iran's nuclear work

* Hefty loss at GM adds to U.S. auto sector woes

* Biogen sinks biotechs, pulls down Nasdaq

* Dow down 0.5 percent; Nasdaq, S&P off about 0.6 pct (Updates to close, changes byline)

By Steven C. Johnson

NEW YORK, Aug 1 (Reuters) - U.S. stocks fell on Friday as a $15.5 billion quarterly loss from General Motors (GM.N: Quote, Profile, Research) and a rise in oil prices added to fears the economy could slip into recession and concerns about corporate earnings.

A government report showing U.S. employers cut jobs for the seventh straight month in July added to market worries, though the decline in payrolls was not as severe as had been feared. The report also showed the jobless rate jumped to its highest level in four years. For more see [ID:nN01429062].

General Motors' (GM.N: Quote, Profile, Research) second-quarter loss was the latest example of how rising oil prices are hurting consumer spending. Its shares slumped 7.6 percent to $10.23 and weighed on the Dow and S&P.[ID:nN01288721].

Sliding global metal prices and weak manufacturing data around the world knocked the shares of aluminum maker Alcoa (AA.N: Quote, Profile, Research) nearly 5 percent lower. Shares of Caterpillar (CAT.N: Quote, Profile, Research), the mining and heavy equipment maker, fell 2 percent. The two were the top drags on the Dow.