Election, what Election? A change of government was yawned-off by the Australian share market on Monday; after being up by 50 points in morning trading, the benchmark S&P/ASX 200 index closed just 3.3 points higher, at 7,148.9. The broader S&P/ASX All Ordinaries rose 7.9 points, or 0.1 per cent, to 7,398.9. All four big banks declined, with…
Given the flood of changes and regulatory oversight that has resulted from the Royal Commission, it likely comes as a surprise to many that the impending Quality of Advice Review, was actually a recommendation of Commissioner Hayne.
Cybersecurity has become the latest battle facing the under pressure, stressed financial advice industry following a landmark court ruling.
The Aussie market benefitted from the news that the Chinese Government had cut a key interest rate and a late rally in US markets to post a 1.2 per cent gain to finish the week. The result was driven by a jump in the technology and discretionary sectors, up 4.6 and 2.0 per cent after…
The local market couldn’t overcome growing concerns about stagflation, an instance when the economy slows as inflation increases, with the S&P/ASX200 falling 1.7 per cent on Thursday. The losses were broad-based, with every sector but healthcare falling, led by the consumer sectors. Healthcare gained 0.1 per cent with the discretionary and staples companies down 3.1…
The Morningstar-owned private markets publication Pitchbook this week highlighted the growing risks in the economy along with the potential impact of higher interest rates on the popular venture capital and private equity sectors.
There is growing pressure on the long-awaited Quality of Advice review to deliver real change to an industry that has been saddled with layer after layer of regulation, compliance and paperwork.
The domestic market was buoyed by a jump in the iron ore price as Chinese lockdowns continue to ease with the S&P/ASX200 gaining 1 per cent on the back of a 2.5 per cent jump in the materials sector. Only the staples sector finished lower, falling 1 per cent behind a 1.1 per cent fall…
The domestic market is slowly chipping away at recent losses, with the S&P/ASX200 gaining another 0.3 per cent on Tuesday behind a rally in the energy and utilities sectors. The energy sector was buoyed another 2 per cent by a rally in the oil price amid signs that Chinese demand may recover, with both Woodside…
The local market commenced the week on a more positive note, with the S&P/ASX200 gaining 0.3 per cent on the back of a strong performance from the industrials sector, which finished 2.4 per cent higher. Technology shares also rallied behind the likes of Xero (ASX: XRO) up 2.1 and 4.4 per cent as falling bond…
