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ASX hits four day high, gold shining again, growth bubble stalling The ASX200 hit a four-day high, finishing 0.6% to the positive on Tuesday; showing the short-term focus of the market at the moment. The energy and materials sectors were the biggest contributors, jumping by 1.6% each. For energy, it was the case of oil prices hitting…
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…
Focusing on three sectors of Australian shares for direct purchases, sectors favoured by SMSF trustees and other individual investors, Morningstar offered its top picks at the annual Morningstar Investment Conference last week (October 8-9). Cognisant of market volatility, valuations, dividend policies and the importance of fundamentals in uncertain times, three Morningstar researchers – Johannes Faul,…