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Markets to open higher, ASX up 1.3% on the back of CSL (ASX: CSL), National Australia Bank (ASX: NAB) profit crushed, ‘Nirvana’ for sharemarkets. The ASX 200 (ASX: XJO) delivered another strong day as it became more clear that Joe Biden would be the next President of the United States. Despite the election still being…

ASX finishes flat, Biden now likely to win Presidency, Woolworths (ASX:WOW) continues to pivot The ASX 200 (ASX:XJO) finished broadly flat for the day, oscillating between a loss of 1.5% to a slight gain as initial election results filtered through.  The day, though, was a story of two sectors, financials and banks and banks taking…

The forgotten precious metal – silver – is quietly having a blinder of a year. With a 34.7% gain so far, silver is outperforming gold, the S&P 500, the Dow Jones Industrial Average, the DAX Index in Germany, and the Nikkei index in Tokyo. At US$24.27 an ounce, silver is up 63.3% since March, but…

Delivering value in spades It has been a difficult few years for financial advisers following the Royal Commission. The Commission uncovered some long-standing issues that were predominantly associated with the vertical integration of advice and investment management, resulting in a much needed professionalisation and cleanout of the industry. This has continued into 2020 with thousands…

Trucost Sustainable Development Goals (SDG) Analytics Sustainable development considerations In 2015, the United Nations launched the 17 Sustainable Development Goals (SDGs) that were adopted by 193 countries. The SDGs outline a set of objectives to be achieved by 2030 that aims to end poverty, hunger and inequality, while tackling climate change, improving health and education,…

A new date has entered share market history – 9 March, 2020. This day gave us the worst one-day drop on US markets since the GFC-inspired crash of 2008, with a global pandemic and an oil price war between Saudi Arabia and Russia the dual triggers. Since then, share markets globally have clawed back some…

ASX stumbles to worst week since April, AMP (ASX:AMP) under offer, Resmed (ASX:RMD) upgrades earnings The ASX 200 (ASX:XJO) delivered its worst week since April, falling 3.9% after Friday’s 0.5% weaker close.  That said, it was a strong month given the background of uncertainty with the index 1.9% higher.  By far the news of the day was under…

Sentiment shifts US market rallies, JB Hi-Fi (ASX:JBH) sold off, Seek (ASX:SEK) under short attack It’s looking like a tough end to October after what has been a very strong month.  The ASX 200 (ASX:XJO) fell 1.6% on Thursday due to a weak global lead.  As highlighted, new economic restrictions are combining with a market…

Inflation returns, Coles (ASX:COL) sales boom, US staggers down 3%, ASX to open over 1% lower The ASX 200 (ASX:XJO) staged a solid comeback after a weak opening, finishing 0.1% higher.  The strength came from the consumer staples and IT sector, up 1.8% and 3.0%, with some new and old names contributing.  On the newer side, was grocery retailer Coles Group (ASX:COL)…

A recent discussion on the likely local impact of the US election between three leading investment experts from ETF Securities (Kanish Chugh, Head of Distribution), Pitcher Partners (David Lane, Director and Senior Adviser) and Evans and Partners (Timothy Rocks, CIO) concluded with consensus advice for Australian investors to maintain their long-term strategy, have an allocation…

Investors ready themselves for Covid-normal And just like that, this crazy year is almost over. As we head into Christmas, Melburnians will breathe a sigh of relief after a marathon lockdown is lifted and the state readies for a “COVID-normal Christmas” – whatever that is. While markets largely shrugged off the COVID effect, it’s been…

Vanguard Group Inc. has drawn many headlines in recent weeks following its decision to “give back” billions of dollars in investment mandates to Australian industry funds. According to Bloomberg reports, the group has been implementing similar strategies in China and throughout the world. The return of (or what some see as a refusal to continue…