Australians have around $10 billion invested in dud superannuation products from funds such as Colonial First State and BT Retirement Wrap, APRA has found.A slowdown in deal-making and an increase in volatility is helping to bring equities sales to the fore, with a string of moves at the local branches of Wall Street giants.AUD -0.5% to 65.93 US centsIn New York: BHP +1.7% Rio +1.3% Atlassian +5%JPMorgan -2.4% Citigroup -2.9% First Republic -33%Spot gold -0.6% to $US1986.17/oz at 2.
Most economists expect a small decline in business spending on equipment when the government publishes its advance estimate of GDP for the first quarter on Thursday. Business investment in equipment fell by the most in 2-1/2 years in the fourth quarter.
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