Both Australian benchmarks fell 0.7 per cent on Wednesday, as weakness in the consumer staples sector, which fell 4.3 per cent, offset gains in technology, which added 2.2 per cent. Woolworths (ASX:WOW) fell 6.6 per cent after the company announced the departure of long time CEO Brad Banducci after a TV outburst, with the company…
The ASX extended its decline today, succumbing to a second consecutive session of losses. Investor sentiment was dampened by a weaker-than-anticipated outlook from biotech heavyweight CSL Limited and heightened anticipation surrounding key US inflation data. The benchmark S&P/ASX 200 closed down -0.2 per cent, with only four of the eleven industry sectors registering gains. The…
Both Australian benchmarks fell on Tuesday for the second straight day, with the S&P/ASX200 (ASX:XJO) down 0.6 per cent with the energy sector, up 0.4 per cent, the only highlight. The selloff was led by the technology and materials sectors, which fell 1.8 and 1.3 per cent, with Fortescue (ASX:FMG) down 2.9 per cent as…
Most advisers know the value of changing their language when switching from industry speak to client discourse, but many still fall into the trap of distancing themselves from clients by using jargon and buzzwords.
To make advice work, advisers need to home in on the centre of their business proposition, sometimes at the expense of their better intentions.
The S&P/ASX 200 index dropped by 0.4 per cent with ten out of eleven sectors falling. The energy sector mirrored the softer oil prices, experiencing a 0.9 per cent decline. Brent crude approached $US81 per barrel, having lost approximately 12 per cent in the last three weeks due to escalating concerns about global demand and the de-escalation of risk…
A sea of red was noted on Friday as with the ASX200 closing down -0.55 per cent, dragged by financials falling -0.9 per cent, impacted by the banking sector with Commonwealth Bank down 0.9 per cent, ANZ down 1.3 per cent, Westpac down 1.3 per cent, and NAB down 1.7 per cent. Energy also weighed on markets falling 1.5 per cent on Friday, and 4…
The local share market was buoyed by the Federal Reserve’s decision to keep rates on hold and hope that the RBA may do the same on Tuesday. The All Ordinaries gained 1 per cent and the S&P/ASX200 0.9 per cent on a strong day for the market, with the interest rate sensitive sectors in technology…
The local share market posted a negative end to the week, with both the S&P/ASX200 and All Ordinaries falling 1.2 per cent on Friday, dragging the benchmarks 2.1 per cent lower for the week. The only sector posting a gain on Friday was energy, buoyed by expectations of an oil price above US$100 per barrel…
The local share market snapped its losing streak, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) gaining 0.4 per cent on a settling of bond yields and the latest Reserve Bank meeting minutes. According to the new governor, the board had considered raising and now sees November as a ‘live’ meeting with the potential…
