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ASX delivers a gain, AMP CEO to resign, wealth platforms take a major hit The ASX200 (ASX:XJO) managed to register a slight gain, finishing 0.2% higher behind strength in the banking and healthcare sectors, with National Australia Bank (ASX:NAB) up 0.5% and CSL (ASX:CSL) 1.4% amid a search for quality. The news of the day was the rumoured departure of ‘saviour’…
ASX falls 0.8%, retail in the spotlight, China’s economic miracle, QBE gets slammed The ASX200 (ASX:XJO) started the week on a negative footing, falling 0.8%. The discretionary retail (0.2%) and IT (0.5%) sectors were the only highlights but weren’t sufficient to offset a fall in the materials sector (-1.9%). It was the normal culprits pushing the market…
A rare losing week for markets, Tyro (ASX:TYR) takes a hit, Afterpay (ASX:APT) overtakes Telstra (ASX:TLS) The ASX200 (ASX:XJO) finished flat on Friday, sending the index to its first negative week in over a month, down 0.6%. Afterpay Ltd (ASX:APT) was once again the standout, moving 10.0% higher and overtaking Telstra Corporation (ASX:TLS) as it moved to a market capitalisation…
The beginning of 2021 couldn’t have gone more smoothly for investment markets, delivering strong returns despite the events in Washington, DC. The first week of trading saw a continuation of the end of 2020, with Australian commodity companies, BHP Group (ASX:BHP) and OilSearch (ASX: OSH) pushing the market higher, adding 15% and 10% in the…
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…
Hamish Douglass, the CIO of Magellan Financial Group, who oversees the largest Australian-owned global funds manager and is the current darling of the wholesale and retail investor sectors, is relatively sanguine about the possible market impact of the US election, but a bit more worried about COVID-19. Douglass, also Magellan’s co-founder, with Chris Mackay, chairman…
What ASX stocks to buy if Trump or Biden wins the Presidency? In last week’s article we explored the possibility of a Trump second-term presidency and a Biden Presidency. When it comes to politics, we keep opinions and views separate from investment decisions as they rarely add any great significance to the share market. In…