BREAKING NEWS: The New Zealand dollar surged through the US78c level early today to yet another post-float record on strong local and Asian demand, as the greenback continued to weaken. via Stuff

Original post by Stuff

The Australian share market was lower at noon, in a quiet day of trading on the first day of the new financial year, after a weak Wall Street lead and mixed metal prices. via The Age

Original post by The Age

“If you look around the world, you get a better feeling for what’s going on.”

Fundamental indexing has been one of the hottest investment ideas in the mutual fund world. But early returns from one of the most prominent fundamental indexing shops, New York-based WisdomTree Investments Inc., are less than groundbreaking.

Conventional index funds aim to match market results, betting that, with the help of razor-thin costs, they will be able to beat most stock-picking mutual funds over time. Recently, however, a number of high-profile index-fund critics have surfaced, arguing that these funds are flawed because traditional indexes weight companies by their market capitalization, or the total value of their outstanding shares _ a factor that reflects a big dose of market sentiment _ rather than more ‘fundamental’ criteria such as company’s earnings or dividends. Read more

Original post by The Associated Press

MUMBAI: The stock markets rallied on Friday with the BSE benchmark Sensex gaining 146 points to close at its second highest level and the NSE Nifty touching an all-time high on a surge in stocks of cement, … via The Hindu

Original post by The Hindu