markets

The bullish market reaction to the latest US inflation read, should come with a pinch of salt.

Headline inflation in Australia has soared to a historic high of 6.1 per cent driven by new dwelling purchases and rising fuel prices.

Following two years of heightened volatility, brokers are already out making grand declarations and stock predictions of what will transpire in the new financial year. Macquarie, one of the first to put together its dream portfolio built to survive a recession, believes the bear market we are currently experiencing is split into two parts.

What exactly is the Metaverse? It’s one of the buzziest words right now. Will the Metaverse change the way we live, work, and socialize – or is it all hype? The Origin of ‘Metaverse’ The term “Metaverse” can be traced back to Neal Stephenson in his novel Snow Crash. In the novel, characters enter the…

The Australian Ethical Investment Limited (ASX: AEF) share price is rising after announcing it has bought a stake in Sentient Impact. Australian Ethical acquisition The Australian Ethical share price is up more than 2% after revealing it has bought a minority stake in impact investment business Sentient Impact Group. This investment is for $5.2 million and will…

ASX higher as dividends rain, three new highs, AMA in trading halt The ASX200 (ASX: XJO) finished the week on a positive note, adding 0.5% with the market finish up the same amount of the five days. On Friday it was all about resources and utilities, with Alumina (ASX: AWC) jumping 6.7% on a booming aluminium price and lithium miner Orocobre (ASX: ORE)…

Reporting season sends ASX lower, Appen, A2M tank, Woolworth’s surprise buyback The ASX200 (ASX: XJO) pushed lower on Thursday as the reporting season losers outweighed the winners. All eyes were on the consumer sectors with staples falling 0.8% and discretionary adding 0.3% as Woolworth’s (ASX: WOW) delivered a strong result. Two midcaps popular with brokers and DIY investors alike…

ASX claws back, energy hit, IT takeover rally spreads The ASX 200 (ASX: XJO) spent most of the day clawing back from early losses, ultimately finishing down just 0.2% despite a weak lead from the US market. The story was similar to yesterday with 8 of the 11 sectors down but technology continuing to drive performance, up…

Market rallies, trifecta of iron ore records, property hit by Victorian Government The ASX 200 (ASX: XJO) delivered another positive day, adding 0.5% as the trifecta of iron ore miners including Fortescue Metals Group Limited (ASX: FMG), Rio Tinto Limited (ASX: RIO), and BHP Group Ltd (ASX: BHP) all hit record highs. This sent the materials sector 1.5% higher, beaten only by the…

Markets drift lower, Rio’s dividend bonanza, inflation spikes The ASX 200 (ASX: XJO) weakened throughout the session, ultimately finishing 0.7% lower on Wednesday. Every sector fell apart from property, which added 0.9%, with the local tech sector once again the hardest hit, down 2.1% as Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) continue to face global competition. Both Vicinity…