Australia The Delta lockdowns in NSW and Victoria weren’t anywhere near as bad as expected for the economy, which fell by just 1.9 per cent in the September quarter, gaining 3.9 per cent over the year. Of greater concern was a significant fall in the iron ore price as China ramped-up pressure on its most-polluting…
A weekend filled with responding to client concerns about the threat of a bear market and significant selloff for equities in the months to come has me questioning the premise of the concerns. Sifting through the financial press, fund manager updates and economist forecasts, and there seems to be consensus that 2022 is the year…
A spate of headlines over the week naturally put pressure on the S&P/ASX200 today, with the index falling 1% at the open but finding support throughout the day to finish down just 0.5%. It was quite a negative day, with the technology, utilities and materials sectors taking the biggest hit, in many cases due to company-specific results. The winners…
The S&P/ASX 200 suffered its worst week since 2020, finishing Friday 2.3% lower and losing 2.9% over the last five days. On Friday, every single sector on the market was lower, in fact just 12 companies in the top 200 managed a positive return, Boral Ltd (ASX: BLD) being one of them, gaining 2.1%. Whilst the threat of higher interest rates…
To say the last quarter of 2021 was eventful would be an understatement. Quality continues to pay off for patient investors, as does traditional ‘value’ seeking behaviour. In this article, we provide a short update on some of the ASX’s most popular stocks. ANZ – Fourth largest bank, institutional banking focus 1.4% 30.8% ANZ underperformed…
The S&P/ASX200 (ASX: XJO) managed a small gain, finishing 0.1 per cent higher despite 7 out of the eleven sectors finishing underwater today. The highlight of the session was the materials sector, which gained 3.1 per cent behind a massive surge in gold miners. The biggest detractor was the communications sector with the likes of Seek (ASX: SEK) and TPG Telecom (ASX: TPG) falling by more than…
The S&P/ASX200 couldn’t overcome another negative lead from the US, with bond rates and reporting season driving the market again. Only two of the markets 11 sectors posted a positive result, with technology continuing its selloff falling 2.6% and the healthcare sector, down 1.6% also underperforming. Once again, energy remains the highlight as oil moved towards multi-year highs with the likes of Origin (ASX: ORG) benefitting…
Australia remains somewhat unique in offering every member of the population the ability to control the investment of their life savings. While not perfect, it clearly remains one of the preferred options, particularly for retirees. You would naturally expect, given the explosion in accessibility and falling costs, that global equities would be as prevalent in…
The S&P/ASX200 finished 0.1% lower as consumer confidence dropped over 7% to the lowest point since the vaccination announcement in November 2020. The market remains mixed with cyclical sectors including energy and materials, up 0.2 and 0.6% respectively, whilst the more defensive healthcare sector underperformed, falling 1.2%. All eyes were on the retail sector, however, with JB HiFi (ASX: JBH) jumping 6.9% and overcoming…
The S&P/ASX200 managed to start the week on a relatively strong footing with corporates awakening from their slumber to deliver some first half updates. The energy and retailing sectors were the highlights on Monday, gaining 1.4 and 2.2% respectively. The biggest influence on the market was Wesfarmers (ASX: WES) which gained 2.6% despite delivering a ‘difficult’ trading update. Management reiterated their…
