ASX hit as US rattled, Boral takeover offer, Rex clarifies misstatement The ASX200 (ASX:XJO) followed a global lead lower, falling 1.1% at the open and remaining in negative territory throughout the day. The IT sector was the hardest hit, falling 4.2%, and acting very much like a leveraged proxy for the US Nasdaq index. The key detractors were Afterpay (ASX:APT) and Zip…
ASX joins the record breaking party, A2 Milk drained, Crowning the Star The ASX200 (ASX:XJO) finally joined the global party hitting an all-time high of 7,172 points on Monday. The list of constituents trading at similar records also continues to grow, with both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) up +3.1% and 4.6% respectively, hitting their own all-time highs today as…
David Simons from Potentum Partners speaks to Giselle Roux from The Inside Network for our IN60 series.
Another positive week, tech continues disappearing act, Macquarie delivers record profit The ASX200 (ASX:XJO) managed to deliver another positive week, adding 0.3% on Friday and 0.8% for the week. The news of the week was the Chinese Government ceasing high level discussions with Australian officials, but at the same time, their demand sends the iron ore price to a record above…
Market weakens on China tensions, local tech dumped, hot IPO market cooling The ASX200 (ASX:XJO) fell 0.5%, weakening throughout the day as news continued to worsen. Initially, it was US payment giant PayPal (NYSE:PYPL) delivering a strong earnings result but announcing they would soon be bringing their BNPL offering to Australia in direct competition with Afterpay (ASX:APT). Shares in APT fell 7.0% and the IT…
ASX hits 14-month high, ANZ dividend surprise, Nearmap upgrades revenue guidance The ASX200 (ASX:XJO) reached a 14-month high, adding 0.4% and once again nearing a record. The primary driver was the healthcare sector, up 1.1%, with key constituent CSL (ASX:CSL) up 2.4% offering the majority of the support. Private hospital, imaging, and COVID-19 testing firm Healius (ASX:HLS) finished flat despite reporting…
Hank Bronts from Castlerock Property goes in-depth with James Dunn from The Inside Network on government tenants delivering in tough times.
Nick Langley from ClearBridge Investments goes in-depth with Peter White from The Inside Network on the role of infrastructure in reaching net-zero emissions.
RBA holds rates, property lending boom, Seek upgrades guidance, retail recovery on track It was another green day on the market with the ASX200 (ASX:XJO) adding 0.5% on the back of the materials sector, with the gold price jumping significantly. Silverlake Resources (ASX:SLR) and Northern Star (ASX:NST) were among the biggest beneficiaries adding 7.9% and 4.0% respectively. The…
Bank rally not enough, Westpac hike dividend, job ads continue to surprise The ASX200 (ASX:XJO) rose just three points to begin the week, with a powerful day from the financials sector (+1.4%) which represents some 30% of the index not enough to overcome broader weakness. Energy and materials continue to detract amid signs that inflation is being…
