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Nasdaq leads Wall Street lower; commodities higher


ASX climbs on GDP beat; resources higher
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Gold down 0.1pc to $US1731/oz
US 10-year yield -0.3pc to 1.41pc
Bitcoin -1.2pc to $US48,613
4.37PM – Mar 3, 2021
William McIness
The S&P/ASX 200 Index climbed 55.7 points, or 0.8 per cent, to 6818, its highest level in four sessions.
The tech-heavy Nasdaq Composite was hit hardest, falling 1.7 per cent while the S&P 500 declined 0.8 per cent. The Dow Jones Industrial Average lost 0.5 per cent.
Despite the poor lead from Wall Street, the local sharemarket shot up at the open and remained firmly higher through the session.
Lucas Baird
A top Qantas executive has conceded to a senate inquiry there could be more job cuts at the carrier, beyond the already declared 8500 redundancies. ....

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Fed-up AMP Capital clients put $7b office fund in play


Fed-up AMP Capital clients put $7b office fund in play
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Some of AMP Capital’s blue chip institutional investors have strong-armed the manager into considering options for its $7 billion flagship Australian office property fund.
As Street Talk revealed on Sunday, AMP Capital has called in Jarden Australia’s investment bankers to run their rule over the AMP Capital Wholesale Office Fund, after being hit with a wave of concerns by the fund’s underlying investors.
200 George Street, near Circular Quay, is one of the assets in AMP Captial Wholesale Office Fund.  
Sources said the underlying investors were worried that ongoing destabilisation at AMP Capital – most recently, the decision to sell a stake to Ares Investment Management – had impacted the performance of their fund and it may be time to consider other options. There’s also been some inbound interest in the fund from potential acquirers, sources said. ....

United States , Sydney Harbour , New South Wales , Charter Hall , Investa Property Group , Office Fund , Capital Wholesale Office Fund , Ares Investment Management , Wholesale Office Fund , Street Sydney , Collins Place , ஒன்றுபட்டது மாநிலங்களில் , சிட்னி துறைமுகம் , புதியது தெற்கு வேல்ஸ் , சாசனம் மண்டபம் , அலுவலகம் நிதி , மூலதனம் மொத்த அலுவலகம் நிதி , ஏரிஸ் முதலீடு மேலாண்மை , மொத்த அலுவலகம் நிதி , தெரு சிட்னி , கோலின்ஸ் இடம் ,