Before last week’s positive COVID-19 test, there was little doubt President Trump was on the comeback trail. Amid signs of an economic recovery, positivity around hopes for a vaccine and progress on another fiscal stimulus package, all was looking up for a second term. Then came the first Presidential Debate, in which Trump brought Democratic…
The pandemic has been devastating to everyone around the world, but among those hardest-hit have been self-funded retirees. The combination of dividend cuts and near-zero interest rates is forcing more Australians to eat into their capital, as they deal with higher prices for everything from food and water to basic services. The 50 per cent…
ASX struggles higher, rates on hold, giant gold merger, US stocks fall The ASX 200 (ASX:XJO) struggled to a 0.3% gain on Tuesday, the energy, +2.3%, and materials sector, +1.1%, the key contributors. The biggest news was the ‘merger of equals’ between Australian gold miners Saracen Minerals (ASX:SAR) and Northern Star Mining (ASX:NST). The merger…
Rollercoaster continues, ASX finishes 2.6% higher, Budget night ahead, US rallies 1.6% The ASX 200 (ASX:XJO) delivered its strongest day in four months, adding 2.6% despite the public holiday in NSW and much lower volume as a result. The positive news was threefold; the Government announced that tax cuts would be brought forward and back dated…
Trump’s positive COVID-19 test sparks volatility, ASX falls 1.4% Volatility is on the rise, the ASX 200 (ASX:XJO) falling 1.2% at the open before gradually recovering. The index then capitulated on the news of President Trump’s positive COVID-19 test as investors quickly shifted to a risk off mood. The ASX 200 finished the day 1.4% lower…
October starts on the front foot, fiscal stimulus in focus, property improving October started better than September finished, the ASX 200 (ASX:XJO) finishing 1.0% higher as Prime Minister Scott Morrison began announcing his fiscal stimulus package and US Congress appeared to be nearing a deal on one of their own. The Federal Government is turning to…
ASX 200 falls 2.3%, oil price tanking on second wave concerns, utilities profits hit, US posts a positive finish The ASX 200 (ASX:XJO) finished Wednesday 2.3% lower taking the loss to 4.0% for the month; the first negative result since March and down -1.4% for the quarter. The energy sector led the losses, down 4.2%, as a combination…
ASX finishes flat, BOQ loan impairments increase, weak overseas lead market to open lower The ASX 200 (ASX:XJO) ultimately finished flat, after trading as much as 0.8% higher during the session. Industrials and tech companies offered support, adding 0.7% and 2.4% behind Sydney Airport (ASX:SYD) and Afterpay Ltd (ASX:APT). SYD reacted positively to news that the…
Video games have traditionally been associated with laziness, requiring someone to stay at home in a dark room when they could be doing more ‘productive’ things with their lives. How things have changed! The 2019 Fortnite World Championships attracted 40 million entrants chasing a US$30 million ($41 million) prize pool, with the finals televised in front…
ASX opens weaker, travel rallies on Tasman bubble, strong open ahead The ASX 200 (ASX:XJO) finished 0.2% lower to open the week, increasing the likelihood of the first negative month since March. The real estate of A-REIT sector was among the few positives, with Scentre Group (ASX:SCG) and GPT Group (ASX:GPT) finished over 2% higher as…
