iron ore

Losing week, iron ore and the economy, Cochlear tanks The ASX200 (ASX: XJO) fell another four points on Friday, capping a full week of lower closes and a loss of 2.2% for the five days. On Friday, it was all about Cochlear (ASX: COH) with the hearing aid manufacturer falling 7.4% despite recording record sales of $1.49 billion and a 54%…

Tech powers record week, iron ore price tumbles, records everywhere The ASX 200 (ASX: XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday, ultimately taking the weekly increase to 2%. Afterpay Ltd (ASX: APT) capped off an incredible week with another 5.5% gain, but it was all about News Corporation (ASX: NWS) which jumped…

Miners send ASX to record, lithium boom 2.0, Zip tanks The ASX 200 (ASX: XJO) powered to a record close despite a bumpy start to the week, with the materials sector sending the market 1.1% higher. Materials jumped 2.2% and energy 2.5% with healthcare being the only detractor as the cyclical story returned. The highlight was lithium…

ASX falls on grocery retailers, Chinese business inflation hits record, Brickworks jumps on property   The ASX 200 (ASX: XJO) fell 0.3% on Wednesday, driven lower by the consumer staples sector, which was down 1.4%. The majority of the weakness came from Coles Group (ASX: COL) and Woolworths Group Ltd (ASX: WOW), with the latter down 1.9% as the rotation away from…

Last year APRA ordered the big four banks to slash their dividends to conserve capital due to the COVID-19 pandemic; not that it was required, as boards had already decided to hoard as much capital as they could. Shareholders were dealt a rather large blow, especially self-retirees and super fund members. Banks have always been…

Australia in rare air, ASX hits another record, Keypath IPO falls flat  The ASX 200 (ASX: XJO) has taken the mantle of overseas markets, hitting another record on Wednesday after moving 1% higher. The energy sector was the biggest contributor with the oil price hitting a two-year high in overnight trading, sending the entire sector up 4%…

ASX overcomes iron ore fall, exports smash records, Victoria on tenterhooks  The ASX200 (ASX: XJO) managed to deliver another 1.0% gain on Tuesday despite the backdrop of what appears to be nine COVID-19 cases in the northern suburbs. Whilst borders are not yet closed, Qantas (ASX: QAN) and Flight Centre (ASX: FLT) weakened in a broadly stronger market. Utilities were the…

Markets turn red, EML Payments dumped, China flags iron ore pressure The ASX200 (ASX:XJO) dropped the most in three months, finishing down 1.9% as a multitude of pressures hit the market. The materials and energy sectors both fell by around 3.0%, the former sold off after Chinese representatives flagged their intention to reduce the country’s reliance on…

Rough day but positive finish, tech leads the way, iron ore’s new high, AMP’s new low The ASX200 (ASX:XJO) managed a small gain despite a volatile day on markets, finishing 0.1% higher on Friday taking the weekly gain to 1%. Once again, the tech sector is leading the way, jumping 4.4% over the week as it appears inflation…

ASX200 breaches 7,000 points, Zip Co raising $400m, Woodside gets new CEO The ASX200 (ASX:XJO) finally breached the 7,000 point mark, adding 0.7% in today’s session with IT, healthcare, and materials once again the leaders adding 2.1%, 1.3%, and 1.2% respectively. The iron ore sector gained despite an apparent slowdown in Chinese demand, with gold miners taking off following news…