News that the Russian invasion of Ukraine had resulted in a fire at one of the country’s many nuclear reactors sent shockwaves through global markets, with Fukushima returning to front of mind. Shares in Paladin (ASX: PDN) bore the brunt, falling 14 per cent but trading as much as 25 per cent lower, as investors once again…
The Government bond market is now experiencing more volatility than the equity market, with the Australian 10-year yield increasing 10 basis points today, whilst the S&P/ASX200 gained 0.5 per cent once again. Just four of the 11 key sectors were lower, led by Consumer Staples, which fell 2.3 per cent, primarily due to Coles (ASX: COL) moving to ex-dividend and…
President Biden delivered his annual State of the Union address during the session, with strong commentary around Ukraine and targeted investment into domestic manufacturing capacity supporting US futures and ultimately pushing the S&P/ASX200 up another 0.3 per cent. Despite the positive day, seven of the 11 major sectors were down with cyclical companies in the property and the…
The Australian share market continued the post-invasion recovery, with the S&P/ASX200 gaining 0.7 per cent to begin the month of March; this comes after finishing February just 1.1 per cent higher. The technology sector was the biggest contributor with Block (ASX: SQ2) gaining 12.7 per cent, sending the sector 5.7 per cent higher despite a 6 per cent fall in…
Rumours that Russia and Ukraine were being encouraged to come to the table for peace discussions supported the market on Monday, with the S&P/ASX200 gaining 0.7 per cent. Mining, materials and energy remain the biggest contributors as the conflict raises questions around supply chains, with the former adding 3.0 per cent and the latter 1.4 per cent….
Insignia Financial (ASX:IFL), previously known as IOOF, delivered a solid profit result last week, reporting a 79 per cent increase, hitting $117.9 million for the half. The company remains a rare, outside of the industry fund sector, vertically integrated financial services business, with operations spanning platforms, asset management and most importantly financial advice. It has…
The Australian sharemarket followed a strong global lead, finishing 0.1 per cent higher taking the weekly loss to just 4.3 per cent despite the war in Ukraine. On Friday, it was the technology sector that outperformed, gaining over 8 per cent, almost entirely due to a 32 per cent surge in Afterpay’s new owner Block (ASX: SQ2) which was a…
Global sharemarkets were shaken by the inevitable news that Russia had finally attacked various targets in Ukraine, all but declaring war on the nation. Whilst the implications are likely to be localised, the impact on the oil price and its role within the global economy will be felt far and wide. In a positive for…
Speak with any financial adviser today, and it’s likely that their biggest investment concern isn’t related to the equity component of their portfolio. After two years of strong markets, most are sitting on strong returns despite the recent uptick in volatility. With the near-consensus view that interest rates are set to move higher sooner rather…
Inflation has remained in the headlines through February and will likely continue to do so throughout the remainder of the year. Yet whilst the headlines suggest both inflation and interest rates are heading higher in a straight line, the real world impact is far more nuanced and uncertain. This was the central focus of a…
