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Santa rally continues, all eyes on financials, Rex Airlines (ASX:REX) gets approved The ASX200 (ASX:XJO) finished 0.7% higher after a positive overseas lead, with every sector finishing higher. Attention once again turned to the technology sector, with BNPL players Afterpay (ASX:APT) and Zip (ASX:Z1P) finishing 4.2% and 6.7% higher. While these companies have been flagged as Australia’s technology leaders, the true nature of…

Since COVID-19, the relationship between Australia and China has become more frosty with the Chinese cutting back on trade with Australia. Australian companies with business operations in or exporting to China have been impacted by the increasing opaqueness in the relationship between the countries. However, the trade relationship with China continues to remain significant for…

I’ll do my best to avoid cliches, but to say 2020 was difficult would be an understatement. There is little doubt that we are all sick of hearing terms like ‘pivot’, ‘WFH’, or ‘iso’. Yet as we emerge, hopefully, from the darkest period for worldwide health and worldwide economic uncertainty in living memory [remember there…

ASX 200 falls 0.4%, China flags iron ore concerns, Vicinity (ASX:VCX) confirms dividend A weak global lead pushed the ASX200 (ASX:XJO) down 0.4% today, with the China Iron and Steel Association flagging concerns about the ballooning iron ore price at the same time that maintenance hit export volumes in November. BHP (ASX:BHP) and Fortescue (ASX:FMG) bore the brunt down 2.3% and 3.1% respectively.  Yet…

Airbnb, one of the largest online home rental companies, made a spectacular debut on the Nasdaq last Thursday, with shares more than doubling to give a US$100 billion valuation on its first day of trade. Shares in Airbnb began trading on Thursday at US$146 per share (A$194), rising 115% above its IPO price of US$68,…

Australian managed funds are the worst in the world for disclosing to investors what stocks they buy and other portfolio information crucial to making informed decisions. They are also poor at disclosing their ESG and stewardship policies and practices, compared with most other major countries. But the good news is that they are among the…

ASX 200 lifts as Wesfarmers (ASX:WES) and Afterpay (ASX:APT) hit records, IOOF acquisition waved through The ASX200 (ASX:XJO) continued its winning streak, adding another 0.3% on Monday as US futures ticked higher with the Pfizer (NYSE:PFE) set to be in use this week.  It was a day of records that powered the market though, with…

Six consecutive weeks of gains, CSL (ASX:CSL) lower as vaccine pulled, Fortescue (ASX:FMG) overtakes ANZ Bank (ASX:ANZ) The ASX 200 (ASX:XJO) finished the week on a negative note, falling 0.6%, but managed to deliver its sixth straight week of gains, adding 0.1% over the five days. The majority of the weakness was driven by the 3.2% fall in CSL (ASX:CSL)…

ASX breaks seven day winning streak, AUD starting to bite, tech under pressure The ASX200 (ASX:XJO) couldn’t take it’s winning run beyond seven days once again, falling 0.7% on the back of weakness in the technology sector, down 2.1%.  The weakness was twofold, with Facebook (NASDAQ:FB) facing US legal action seeking to have the company’s Instagram and…

The latest buzzword in the renewable energy space is “hydrogen,” with element H – the world’s most abundant – forecast by many to play a major role in the world’s transition to a more sustainable energy future, as an energy carrier that can be produced from a wide range of sources and used in many…

Will trade tensions with China effect Elders? Trade tensions between Australia and China have taken another turn for the worse, following China’s refusal to apologise for posting a controversial image. It is just another jab at Australia in a relentless long list of intimidation tactics China is using to kneecap Australia as political punishment. In…

With less than a month left in 2020, broking firms, analysts and market economists start releasing their crystal-ball predictions for 2021. Most of these predictions are fairly stock-standard, such as “Goldman Sachs expects the S&P 500 to surge 19% from Monday’s close to 4,300 by the end of 2021, with gains tacking on an additional…