The S&P/ASX 200 Index plummeted -1.5 percent on Wednesday, reaching its lowest point in a month as all 11 sectors fell off the back of stronger US retail spending, and weak Chinese data. Stronger-than-expected retail spending from the US heightened concerns that the Federal Reserve may need to sustain higher interest rates to control inflation. US retail…
Winners were few and far between on the share market (ASX:XJO on Friday, with the benchmark finishing 0.2 per cent lower, with only the retail and healthcare sectors posting positive returns, up 0.8 and 0.3 per cent. Casino owner Star Entertainment (ASX:SGR) was the standout, with shares finishing 18 per cent higher after the company…
Despite the emotional expenditure required to hold someone’s hand in the darkest hours of their life, whilst retaining a high degree of professional acumen, it is both a responsibility and an honour. But it can leave a scar, writes Drew Meredith.
Investing in quality takes patience, as does investing sustainably. The convergence plays well for those looking to build a portfolio with ESG parameters, something Australian Ethical believes will benefit from net-zero tailwinds in the future.
The local market (ASX:XJO) managed a 0.2 per cent gain on Friday, overcoming significant weakness in the healthcare sector, which fell 1.2 per cent. Broader strength in the energy and technology sectors, up 1.1 and 1.3 per cent, were enough to overcome the weakness, with Karoon (ASX:KAR) gaining 4.2 per cent on higher energy prices….
The S&P/ASX 200 fell by -1.3%, and the All Ordinaries declined by -1.2% as markets consolidated gains and absorbed news across borders of US treasury downgrades by Fitch. Interestingly all 11 sectors finished in the red (whilst the day earlier all sectors finished in the green) with the largest detractors being utilities, financials, and real estate. In line with…
The S&P/ASX 200 finished up +0.5%, and the All Ordinaries rose +0.5% as all sectors finished in the green following the RBA’s decision to keep rates on pause for the second consecutive month. Interest rate sensitive Information Technology finished highest up +1.14% for the day, driven by WiseTech shares up +0.9%, Xero up +1.4% and NEXTDC up +2.4%. Late in trading, the real estate sector…
The S&P/ASX 200 finished marginally higher up +0.1%, with 8 of the 11 sectors finishing in the green. The marginal rise was influenced by gains in healthcare stocks, whilst losses were noted in consumer staples, utilities, and technology companies. Consumer Staples (-.8%) was the worst performing sector in the Australian market, influenced by supermarket chains Woolworths -1.3%, Coles -0.9% and IGA…
Interest rates were never meant to be so low for so long. Wattle Partners principal Drew Meredith ponders whether the hangover has some investors lagging; are too many hanging onto risky assets, when low-risk returns are so easy to find?
The local share market posted another strong day, adding 0.7 per cent, as news of the Federal Reserve potentially pausing rate hikes boosted the property and technology sectors; up 3.3 and 2.2 per cent respectively. The likes of Goodman Group (ASX:GMG) and Scentre (ASX:CSG) gained 2.7 and 4.4 per cent each, on hopes that valuations…
