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Australians worried about their retirement savings during the pandemic-induced market volatility can now rest easy as it is revealed that superannuation has weathered the economic storm. Last week the Australian Prudential Regulation Authority (APRA) revealed that just 0.3 per cent of the value of Australian superannuation has been lost in the 12 months to 30…
The ASX 200 finished a sixth straight week in positive territory, adding 4.2%, but gaining just 0.1% on Friday.
The ASX 200 finished a sixth straight week in positive territory, adding 4.2%, but gaining just 0.1% on Friday.
The S&P 500 broke three straight days of gains, falling 0.2% as investors seemingly became exhausted from an extended rally. This despite unemployment benefits slowing and announced recoveries in domestic flights.
The end is near The Australian economy is now experiencing its first recession in close to 30 years. The initial impact of the COVID-19 outbreak sent domestic GDP down -0.3% in the March quarter, with experts predicting a contraction of as much as -8.4% in June. But what does it mean? Clearly nothing as markets…
The Australian economy is now experiencing its first recession in close to 30 years. The initial impact of the COVID-19 outbreak sent domestic GDP down -0.3% in the March quarter, with experts predicting a contraction of as much as -8.4% in June.
Global sharemarkets continued their incredible rally even as protests and riots continued in the US, following President Trump’s call to bring in the military.
Global sharemarkets continued their incredible rally even as protests and riots continued in the US, following President Trump’s call to bring in the military.
Despite widespread geopolitical and societal tension, be it from US protests or the threat of a renewed trade war with China, the market seem to keep powering through exhibiting the disconnect between Wall Street and Main Street.
