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GDP smashes expectations, ASX rises, economic activity expands  The ASX200 (ASX:XJO) continued its winning ways gaining 0.8% on Wednesday following the release of Australian economic growth results this morning. GDP growth for the December quarter smashed all expectations hitting 3.1% and making Australia one of the fastest growing developed nations in the world. Economists and other experts…

The February earnings season produced some of the best results in nearly a decade. The tough operating environment brought on by the pandemic is largely over and we are now at the beginning of an earnings recovery. The number of coronavirus cases reported from US nursing homes has fallen by more than 80%. The turnaround…

RBA comments push market lower, energy, iron ore prices fall, A2 Milk jumps 8% The ASX200 (ASX:XJO) gave up a strong open, trading as much as 1% higher, to finish down 0.4% for the day. With reporting season having come to an end, investors are now watching economic and central bank data intensely for any signs of…

ASX to open higher, strong US lead, Commonwealth Bank (ASXLCBA) hit with ASIC investigation The ASX200 (ASX:XJO) finished 1.7% higher to start the week, rebounding quickly from Friday’s so-called ‘bloodbath’. Once again, market volatility was met with reassuring language from central banks and positive news around the vaccine rollout. The Reserve Bank of Australia confirmed that they would be…

Global markets drop, ASX200 down most in five months, Orica (ASX:ORI) and Afterpay (ASX:APT) smashed The ASX200 (ASX:XJO) fell 2.4% on Friday, the worst daily fall in five months, taking the weekly performance down 1.8% but still managed to deliver a 1% return for February. On Friday it was all about tech or anything that has benefitted…

Renewable energy is in the spotlight and the battery technology supply chain is key to the transition. Wind and solar energy are forecast to supply around 48% of world electricity needs by 2050, with battery technology, gas peakers (turbines or engines that burn natural gas) and dynamic demand anticipated to drive market penetration of solar…

Shares in Afterpay (ASX:APT) are down close to 10% after the release of their half year accounts and post a trading halt. The leading BNPL platform announced a complex deal through which their partners in the US have waived a portion of their investment in return for A$373 million, whilst issuing another convertible note to…

ASX bounces back, BNPL reports, Ramsay (ASX:RHC) reinstates dividend  The ASX200 (ASX:XJO) finished 0.8% higher following a strong US lead overnight, with healthcare and materials leading the way, up 1.7% and 1.4% respectively. Ramsay Healthcare (ASX:RHC) was the standout, jumping 7.7% after reinstating their dividend at 48.5 cents per share. The private hospital operator reported a ‘resilient’ result,…

ASX to open higher on US policy, mining sell off, Woolworths (ASX:WOW) drinks demerging, Platinum (ASX:PTM) delivers performance fee The ASX200 struggled to keep up with the positive US lead, falling 0.9% in the session with a number of companies going ex-dividend key to the weakness. Despite having no impact on the companies’ operations, the payment of…

The COVID-19 share market collapse of 2020, referred to as the Coronavirus Crash, was a sudden global stock market crash that began on 21 February 2020 and ended on 20 March 2020. It was one of the largest stock market crashes in history. In the space of just four days, the Dow Jones Industrial Average…

ASX on the cusp of five months of gains, Seek (ASX:SEK) sold off on split, energy sector boom The ASX200 (ASX:XJO) rallied 0.9% on Tuesday, overcoming a weak start with the energy and oil sector powering the market higher. Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG) added 5.7% and 3.6% respectively after the oil price gained 4% overnight on signs…

ASX200 lower on bond rates, Crown (ASX:CWN) to face commission, Costa Group (ASX:CGC) boosted by avocados  The ASX200 finished 0.2% lower on a mixed day for the market, with resources and materials leading the way adding 2.6% ahead of a bumper dividend season. Most of the weakness came from the healthcare and IT sectors as the 10-year…