Low(e) Rates to Persist, Says RBA Governor
RBA Governor Philip Lowe sees the current record low level of interest rates of 0.10% and other support remaining in place until 2024 at least and possibly 2025.
Read MoreRBA Governor Philip Lowe sees the current record low level of interest rates of 0.10% and other support remaining in place until 2024 at least and possibly 2025.
Read MoreAs 2020 ended, opposing forces were in play for insurance software provider Fineos Corp, while a quality global customer base is ultimately expected to underpin growth.
Read MoreThe ASX 200 has continued its strong form this week with the index adding another 62 points or 0.92% to 6,825. While the index faded late in the day, it still managed fresh 11-month highs during the session.
Read MoreAustralia’s website made for renters, Rent.com.au (ASX:RNT), has just raised $2.75m, with $2 million of the Placement taken up by a fund backed by successful technology entrepreneur Bevan Slattery.
In making the investment in Rent.com.au, Mr Slattery commented, “I love disruptive platforms that have the ability to scale and Rent.com.au has great potential to achieve that goal. I look forward to supporting the Board and management team and am excited to be backing another innovative Australian technology platform.”
The Company is readying to launch RentPay, with which it aims to give renters more control and flexibility over their payments and managing their housing expenses. This launch follows the achievement of a second successive positive EBITDA quarter from the Company’s initial venture, the Rent.com.au portal.
Read MoreTemple & Webster is leading the charge as online sales of homewares and furniture grow rapidly
Read MoreThe ASX 200 is extending its recent rally to a third day with the index now climbing back to the best levels since late Feb last year. The local market is broadly higher while only the mining sector falls.
Read MoreASX200 up 64 points (0.8%) to 6818. Afterpay (-0.1%); said it welcomes the Woolard Review, released in the UK, which discusses regulation to the Buy Now, Pay Later industry.
Read MoreThe Dow Jones index closed up by 476 points or 1.6% after being 630 points higher earlier in the session. The S&P 500 index rose by 1.4% and the Nasdaq index climbed by 209 points or 1.6%.
Read MoreAmazon’s founder and CEO Jeff Bezos has announced his intention to hand over the reins of the e-commerce giant in the northern summer and move to the role of executive chairman.
Read MoreBeneath all of the complexity and uncertainty that prevailed in markets throughout 2020, the narrative is actually fairly simple, suggests Sam Ruiz, Portfolio Specialist in the Equity Division at T. Rowe Price.
Read MoreShares in debt collection and lending company Credit Corp rose strongly yesterday after the company did better than expected in the December half and revised its guidance upwards for the second time in three months.
Read MoreA global oversupply of salmon might be good news for consumers, but it’s bad news for investors on farmed seafood companies, especially salmon producers like Huon Aquaculture.
Read MoreThe RBA kept official interest rates and the key bank lending support measure unchanged at its first meeting of the year, but surprised with news that it will boost its quantitative easing by another $100 billion in April.
Read MoreShares in Tabcorp jumped to an 11-month high of $4.58 yesterday as the company confirmed that multiple parties have shown interest in its underperforming wagering business.
Read MoreThe slant of the early reporting by the popular media on the crowd-driven squeeze on heavily shorted shares like GameStop is worthy of commentary. Platinum’s Kerr Neilson obliges with his thoughts on the matter.
Read MoreTemple and Webster reported a sixfold increase in profit for the December half thanks to the COVID-driven jump in online buying. But is this as good as it gets for the online furniture and homewares retailer?
Read MoreGrowth in masks and accessories has prevailed for ResMed despite pandemic-induced restrictions, although cycling the surge in ventilator sales from early 2020 will be a challenge.
Read MoreThe Australian sharemarket surged by 1.5% on Tuesday, with most sectors finishing higher. The RBA kept rates on hold as expected but flagged lower rates for longer in its first meeting of the year.
Read MoreThe Coronavirus crisis had a significant impact on the level of Australian interest in financial advice and superannuation in 2020 with an 18% increase in online search interest about financial advice and more than 140,000 mentions of superannuation on Twitter.
Read MoreThe Listed Investment Company (LIC) and Listed Investment Trust (LIT) sector closed out 2020 with a sector market capitalisation of $52.8 billion, a reduction of just 0.6% over the 12 months.
Read MoreThe nascent market rotation from growth to value signals an emerging trend which may see valuations adjust significantly in 2021, according to investment managers at Maple-Brown Abbott.
Read MoreThe ASX 200 has climbed back above 6,700 points following a solid start to Tuesday’s session. Big name miners, tech and bank stocks are among the major contributors to the market’s overall gains.
Read MoreASX200 up 54 points (0.8%) to 6717. Silver; ARD – Argent Minerals -13% BML- Boab Metals -8% EQE- Equus Mining -20% IVR – Investigator Resources -19% MTH – Mithril Resources -14% SVL – Silver Mines -19% TMZ – Thomson Resources -22%
Read MoreSales from the mills of BlueScope Steel are going gangbusters, auguring well for the outlook over FY21. Are there any clouds on the horizon?
Read MoreUS sharemarkets rebounded on Monday. Shares of big technology heavyweights Amazon (+4.3%) and Alphabet (+3.6%), which are set to report earnings Tuesday, both rose.
Read MoreSilver prices surged to an eight-year high on Monday, shares in listed silver-mining companies jumped and bullion dealers were left scrambling as the Reddit army of small-time investors piled in to the metal.
Read MoreAlmost a year to the day after first announcing it, Link Administration has called off the 165-million-euro ($A262 million) deal to acquire Pepper’s European financial services business.
Read MoreAustralia is in the midst of the biggest commodities price boom since 2011. And as was the case a decade ago, it is iron ore leading the charge, along with copper, wheat and, lately, LNG.
Read MoreAnton Tagliaferro and Phillip Gray from Investors Mutual follow up their earlier article with some further insights into whether or not fundamentals still matter.
Read MoreEnergy services group Worley has emerged as a major victim of COVID after a trading update Monday for the first six months of 2020-21 revealed a big slump in revenue and earnings.
Read MoreNews Monday that confirmed housing is booming with house prices starting 2021 on the up and housing finance ending 2020 very much on the up is unlikely to change thinking at the RBA for today’s first policy meeting of the year.
Read MoreBy factoring future good news into today’s prices, valuations in some segments are becoming stretched thereby reducing upside when events actually transpire, argues Schroders’ Mihkel Kase.
Read MoreThe proposed $9 billion / $12.75 a share takeover of Coca Cola Amatil (CCL) by stablemate, Coca Cola European Partners is dead in the water at current prices.
Read MoreThe ASX 200 was looking to extend its losing run from last week with the index opening well in the red but managed to turn things around to lift 55.6 points or 0.84%. Silver miners benefitted from interest from Reddit users in the metal.
Read MoreThe Aussie market is well off its session lows as the ASX 200 still trades nervously following last week’s declines. The major miners are helping to arrest the sharp drop in the opening hour of trade, when the main index was down 1.3%.
Read MoreASX200 down 73 points (1.1%) to 6533. Worley (-13%); said it expected underlying earnings for 1H21 to fall by as much as 45%, citing the hit to global demand for its resources and energy services from accelerated Covid-19 infection rates.
Read MoreThomas Rice, portfolio manager for the Perpetual Global Innovation Share Fund provides your weekly wrap of technology, innovation, and finance news.
Read MoreFocus remained on a retail trading frenzy, with steep gains recorded for heavily shorted stocks, including GameStop and AMC Entertainment. Shares in GameStop rose 67.9% and AMC rose by 53.7%.
Read MoreCatch up on the full webinar with presentations from Noxopharrm (ASX:NOX), Venture Minerals (ASX:VMS), EMU Resources (ASX:EMU) & Rox Resources (ASX:RXL)
Read MorePresenter – Dr. Graham Kelly Founder & CEO – Noxopharm Limited is a clinical-stage drug development company that focuses on the research and development of drugs to enhance the effectiveness and safety of both chemotherapy and radiotherapy.
Read More