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…
Both the key Australian indices fell on Monday, with the S&P/ASX200 falling 0.3 per cent and the All Ordinaries 0.4 per cent with the technology sector the biggest detractor, down 2.8 per cent. The primary culprits were Xero (ASX:XRO) and WiseTech (ASX:WST) which fell 3.4 and 2.3 per cent respectively as the Israel-Hamas crisis made…
CSL continues to weigh on the Australian stock market The S&P/ASX 200 saw a minimal increase of just 2.6 basis points, closing at $7091. Out of the 11 industry sectors, six managed to finish in positive territory. The healthcare sector was a major drag, declining 4.5 percent, impacted by CSL which continued its downward trend, falling an astonishing 6.3…
The S&P/ASX 200 bounced back above the $7000 on Tuesday finishing 1 percent higher, boosted by a more cautious stance taken by US Federal Reserve members, and signs of easing inflation in Australia. This positive performance came after remarks from Federal Reserve Vice Chairman Philip Jefferson and Bank of Dallas President Lorie Logan suggested that the recent…
The S&P/ASX 200 finished up 0.2 percent on Monday, driven by energy and gold. This surge in energy and gold stocks was catalysed by a 4 percent rise in oil prices across the Asian region following a series of violent incursions by Hamas into Israel over the weekend. In response to this geopolitical turmoil, investors sought refuge…
When a client posed the question to Wattle Partners adviser Drew Meredith it caught him off guard: “Am I good client?” they asked. “How could I be better?”
 The S&P/ASX 200 Index closed lower -0.6 percent on Wednesday, primarily driven by a sell-off in materials and energy stocks. The energy sector suffered the most on Wednesday, finishing lower at -1.8 percent, moderating from its recent gains. Woodside, a major oil and gas company, saw a -2.2 percent drop to $37, while Santos slid -1.9 percent to…
