Lacklustre Tuesday, positive China data triggers a global rally, RBA minutes offer little The banking sector was among the weakest on Tuesday, falling 1.4%, with the ASX 200 (ASX:XJO) finishing the day flat. The Australian house price index fell 1.8% on the previous quarter, sending the Commonwealth Bank of Australia Ltd (ASX:CBA) down 1.7% as…
Vaccine trial restart boosts markets, ASX strength to continue, COVID-19 impacting Macquarie Group A positive lead from Wall Street and news that AstraZeneca plc (NYSE:AZN) had resumed their vaccine trial sent the ASX 200 (ASX:XJO) 0.7% higher on Monday. Positive news on the vaccine front support the energy and industrial sectors amid hope of a…
Sell off extends to four weeks, tech takes a breather, a win for ESG The ASX 200 (ASX:XJO) fell to a nine-week loss before finishing down 0.8% for the day and 1.1%; making it the fourth straight week of losses. The selling pressure was centred around financials, falling 1.2%, as geopolitical confrontations with China have…
Rio Tinto Ltd (ASX:RIO) today announced that CEO Jean-Sebastian Jacques, Head of Iron Ore, Chris Salisbury and Head of Corporate Affairs Simone Niven, will be stepping down from their roles following the Juukan Gorge incident. Whilst someone losing their job should never been seen as a positive, is this the first high profile ‘win’ for…
ASX holds onto gains, retail pain on show at Myer (ASX:MYR), another sell off to end the week The ASX 200 (ASX:XJO) managed to stave off weakness in the afternoon, finishing 0.5%, despite a much stronger lead from the US markets. The telecommunications and materials sectors including the likes of Telstra (ASX:TLS) and BHP (ASX:BHP)…
9 in 10 stocks fall, energy under pressure, but ASX to open higher after US relief As the saying goes, sharemarkets take the stairs up and the elevator down. The ASX 200 (ASX:XJO) followed the global lead finishing 2.2% lower, with all but 13 stocks in the index finishing lower. Energy companies including Woodside Petroleum…
LICs have provided a useful investment tool for self-directed investors for many years, but recent events are once again bringing their structure into question.
US markets continue to fall, ASX to open lower, rent collections improve, payroll data
Victorian lockdowns extended, markets remain calm, Labor Day holiday in the US, ASX to open higher
Worst day since May 1, US stems losses, ANZ suggests the worst is yet to come The ASX 200 (ASX:XJO) delivered its worst day since May 1, falling 3.1% on Friday, following the lead of global markets. With the US markets heading lower on concerns of technology sector valuations, the local sector fell 5.6% on…
