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Markets weaker on tech, healthcare, BHP sells coal, Sydney Airport deal done The S&P/ASX200 (ASX: XJO) experienced a rare loss on Monday, falling around five points or less than 0.1 per cent as a selloff in the technology and healthcare sector offset gains in energy and mining. Healthcare fell by over 1 per cent with CSL (ASX: CSL) a major detractor, pulled lower by surging…

ASX overcomes bond yields, Link’s new bid, News Corp delivers record The S&P/ASX200 (ASX: XJO) closed the way it opened, with another strong day of trading, gaining 0.5 per cent which took the weekly gain to an unexpected 1.8 per cent. The rally came despite an unexpected increase in bond rates that many suggested would see an…

ASX gains despite energy, Domino’s correction, higher costs bite There were multiple forces at play on Thursday after an unexpected increase in US oil stockpiles sent the price tumbling. The result was the energy sector falling 2 per cent driven lower by the likes of Beach (ASX: BPT) and Woodside (ASX: WPL) which fell 5.2 and 3.1 per cent respectively. On…

ASX jumps despite RBA move, lithium, AMP spike higher The S&P/ASX200 (ASX: XJO) continued its strong recent run gaining 0.9 per cent on Wednesday behind strength in the materials (1.4 per cent) and financial sectors (1.2 per cent). The likes of BHP (ASX: BHP) and Rio Tinto (ASX: RIO) both rallied by more than 1 per cent despite further falls in the iron…

ASX weakens on RBA announcement, Netwealth lobs Praemium offer, Goodman upgrades Outside of the Melbourne Cup, the Reserve Bank of Australia garnered all the attention today with a range of ‘experts’ predicting rate hikes may be brought forward and yield curve control would be abandoned. As usual, they were only partially right, with the Board keeping rates on hold…

ASX starts November with a bang, Westpac tanks but delivers buy back The S&P/ASX200 (ASX: XJO) started the month of November on a positive note, gaining 0.6% as a bout of confidence swept global markets. Every sector finished higher barring financials, which fell 0.5% after Westpac (ASX: WBC) delivered a weaker than expected result. The highlights were in the communications sector, which…

ASX finishes lower, but another positive month, Macquarie profit doubles The S&P/ASX200 (ASX: XJO) finished the week and the month of a negative note, falling 1.4% after an unexpected spike in bond yields hit sentiment on Friday afternoon. The biggest pain naturally came from the real estate and financial sectors, both down 2% or more, after a number of ‘experts’…

ASX weakens on energy sell off, Boral jumps as Pointsbet tanks The S&P/ASX200 (ASX: XJO) finished 0.2% lower on Thursday dragged down by the energy sector, which fell by 2% after the coal price continued to fall significantly. A nuclear accord between the EU and Iran was also cited as a reasoning for the weaker oil price. Boral (ASX: BLD) overcame weakness in…

ASX creeps to gain, Woolies warns of Inflation, CPI data sends bonds lower The S&P/ASX200 (ASX: XJO) managed to eke out another small gain on Wednesday, keeping the run of positive days going. Most weakness came from the staples sector, down 1.9%, after Woolworths (ASX: WOW) delivered a difficult third quarter update. The mining and utilities sectors were also down over 1% with…

ASX on gold, Crown ‘unfit’ for license, GQG falls flat The S&P/ASX200 (ASX: XJO) finished just 2 points higher on Tuesday, barely continuing the run of positive days. The tech and consumer sectors were the only real positive contributors, the former gaining over 1%, with the utilities sector the biggest detractor falling by a similar amount. Shares in Crown Resorts (ASX: CWN) nearly topped…