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| Change | % Chg | ||
| S&P/ASX 200 | 5166.5 | 35.1 | + 0.68% |
| Dow Jones | 15794.08 | 165.55 | + 1.06% |
| FTSE 100 | 6571.68 | 13.40 | + 0.20% |
| SPI 200 MAR4 | 5159.000 | 37.000 | + 0.70% |
| AUD/USD | 0.8957 | 0.0002 | + 0.02% |
After a decade of building up cash savings, yield-hungry investors are finally falling out of love with the asset class. Term deposits at the nation’s banks fell 0.6 per cent last year to $538 billion, the first annual decline since March 2003. The problem, though, is the timing.
Unions are gearing up for a brawl in defence of workers rights not a rerun of the Accord, says ACTU president Ged Kearney.
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