Evening Report: ASX eases while RBA stays the course
The local sharemarket eased back from Monday,’s record highs work the ASX 200 slipping 17pts to 7,474.5. Afterpay enjoyed another strong gain following yesterday’s proposed takeover.
Read MoreThe local sharemarket eased back from Monday,’s record highs work the ASX 200 slipping 17pts to 7,474.5. Afterpay enjoyed another strong gain following yesterday’s proposed takeover.
Read MoreThe first six months of 2021 has seen a maturing of the equity market recovery. This note considers some potentially interesting investment themes for the remainder of the year.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. This week: Qualitas Real Estate Income Fund (QRI)
Read MoreQantas dropped the axe on around 2,500 frontline workers on Tuesday as the impact of the Sydney lockdown in particular hit the airline’s operations and those of its Jetstar subsidiary.
Read MoreAustralia’s big four banks face a sharp contraction in their home lending activities across the Tasman after the Reserve Bank of New Zealand signalled a new round of clamps on Tuesday morning.
Read MoreWorries about the Covid-19 delta variant and a slowing US economy overshadowed optimism around more fiscal stimulus.
Read MoreThe $39bn bid for Afterpay has caused a ripple effect on the stock market, as traders jumped-in to other BNPL stocks, looking for the rising Afterpay tide to lift all boats.
Read MoreNormally a surge in the price of a commodity tends to bring forth a rise in output over time; but sometimes a larger, more immediate factor intrudes and so it was in 2020.
Read MoreToday’s monetary policy meeting of the Reserve Bank would normally have been a low-key event, but the return of Covid and the associated lockdowns has changed all that.
Read MoreSantos and Oil Search have agreed to marry after a fortnight of horse trading over the terms of the $21 billion relationship that will see Santos acquire Oil Search in an all-paper transaction.
Read MoreA record setting day for Aussie stocks yesterday – in fact, the ASX saw two: one was the largest ever for the Australian sharemarket; the other, the largest ever for its sector.
Read MoreThe Aussie market has hit new record highs as technology led broad improvements. Afterpay was a standout as it received a $39b takeover offer. Banks, retailers and healthcare were also decent winners for the day.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides his regular wrap of technology, innovation, and finance news.
Read MoreIn his weekly Bites column, David Bassanese from BetaShares gives us a rundown of what’s happening in markets, both local and global.
Read MoreASX200 up 91 points (1.2%) to 7483.
Read MoreIt’s a bid-mad Monday, as US payments platform Square offered to buy the buy now pay later pioneer, Afterpay in a multi-billion dollar all paper transaction.
Read MoreStephen Grocott – Managing Director – Queensland Pacific Metals Limited owns the Townsville Energy Chemicals Hub (“TECH Project”). The TECH Project will be an advanced and sustainable producer of critical chemicals for the lithium ion battery and electric vehicle sector.
Read MoreThe Dow Jones index fell by 149 points or 0.4%. The S&P 500 index lost 0.5%. And the Nasdaq index fell by 106 points or 0.7%.
Read MoreMarco Romero – President & CEO, Director – Euro Manganese is a Canadian public company focused exclusively on the development of a new high purity manganese production facility.
Read MoreA keynote presentation, including an overview of the sector, from Cameron Perks, Senior Analyst with Benchmark Minerals.
Read MoreDespite the soft global lead, the ASX is looking at a strong rise today, the first trading session for August, as futures traders went out on a limb and boosted the index by 37 points on Friday.
Read MoreThe People’s Bank of China said in a surprise statement on Saturday that the country will maintain a prudent, flexible and “reasonable” monetary policy in the second half of the year, emphasising stability.
Read MoreOrigin Energy is the latest big electricity and gas group to feel the pain from falling prices and the rising efficiency of renewable energy, forced to make over $2bn in write downs.
Read MoreAny doubts that the boom in iron ore prices was over were buried on Friday when prices slumped to multi-month lows, triggering losses up to 25% since the all-time highs of mid-May.
Read MoreMajor events this week include the US jobs data for July on Friday, a continuation of the June 20 earnings season, and in Australia there’s the Reserve Bank’s August monetary policy meeting.
Read MoreRecent activity from Chinese regulators and the response from markets is testing the resolve of investors. Platinum’s Andrew Clifford sees this as an opportunity. Here’s why.
Read MoreWith Covid’s rampant delta variant seemingly taking hold across the globe, things seem pretty grim again. But, argues AMP Capital’s Shane Oliver, there are some reasons for optimism among the gloom.
Read MoreThe industry is now seeing an expansion in data-driven practices, with new ESG and climate datasets emerging and becoming mainstream. Russell Investments explore what climate risk metrics are and how they are used today.
Read MoreGold became a bit of an investment orphan in the June quarter, according to the latest global report from the World Gold Council (WGC), which stated demand for the yellow metal had dropped by 1%.
Read MoreWe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. So here it is in one handy location. You’re welcome.
Read MoreMelbourne’s two Big Four banks – ANZ and now NAB – have beaten the Sydney-based Commonwealth and Westpac to the buyback club, with NAB’s $2.5 bn action trumping ANZ’s by $1 bn.
Read MoreThey are a fickle lot on Wall Street, demanding companies outperform only to change the ground rules when they do, or punishing them for providing a realistic forecast for the rest of the financial year.
Read MoreManaging Director and CEO Mark Diamond discusses the key highlights of the quarterly results for Antisense Therapeutics and other recent company news of note.
Read MoreAustralian biotech company Immutep has announced it has completed the second tranche of its institutional placement at an issue price of A$0.52 per share to raise approximately A$46.3 million.
Read MoreASX200 down 10 points (0.1%) to 7406. AMP (-2%): acknowledges the commencement of civil proceedings by ASIC in relation to historic charging of Plan Service Fees.
Read MoreWhile the latest estimate of economic growth was below expectations, analysts believe it will quell talk of a taper in Federal Reserve bond purchases. Upbeat earnings reports also buoyed investor sentiment.
Read MoreChina’s securities regulator has met with major investment banks on Wednesday night in an attempt to ease fears about Beijing’s crackdown on private education – specifically after-school tutoring.
Read MoreContrasting fortunes this week for three of the country’s mid-range miners who released quarterly reports – IGO in nickel, as well as gold producers St Barbara and Gold Road.
Read MoreFortescue Metals Group, the 4th biggest iron ore miner in the world, is heading for a record for the year to June 30 after reporting a record 49.3 million output in the June quarter.
Read MoreAs we reflect on the end of another twelve months that leaves us wanting to see the word “unprecedented” banned from the dictionary, we allow ourselves to feel cautiously optimistic.
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