Optimism abound, ASX up 4.4% for the week, Macquarie (ASX:MQG) profit falls 32% The week finished where it began, the ASX 200 (ASX:XJO) adding 0.8% taking the gain to 4.4% with every sector finishing the week higher.  The key driver was real estate (+8.3%) and consumer discretionary (+6.8%) businesses the key drivers as a combination of loosening border restrictions…
Markets to open higher, ASX up 1.3% on the back of CSL (ASX: CSL), National Australia Bank (ASX: NAB) profit crushed, ‘Nirvana’ for sharemarkets. The ASX 200 (ASX: XJO) delivered another strong day as it became more clear that Joe Biden would be the next President of the United States. Despite the election still being…
ASX finishes flat, Biden now likely to win Presidency, Woolworths (ASX:WOW) continues to pivot The ASX 200 (ASX:XJO) finished broadly flat for the day, oscillating between a loss of 1.5% to a slight gain as initial election results filtered through. The day, though, was a story of two sectors, financials and banks and banks taking…
Delivering value in spades It has been a difficult few years for financial advisers following the Royal Commission. The Commission uncovered some long-standing issues that were predominantly associated with the vertical integration of advice and investment management, resulting in a much needed professionalisation and cleanout of the industry. This has continued into 2020 with thousands…
ASX stumbles to worst week since April, AMP (ASX:AMP) under offer, Resmed (ASX:RMD) upgrades earnings The ASX 200 (ASX:XJO) delivered its worst week since April, falling 3.9% after Friday’s 0.5% weaker close.  That said, it was a strong month given the background of uncertainty with the index 1.9% higher.  By far the news of the day was under…
Sentiment shifts US market rallies, JB Hi-Fi (ASX:JBH) sold off, Seek (ASX:SEK) under short attack It’s looking like a tough end to October after what has been a very strong month. The ASX 200 (ASX:XJO) fell 1.6% on Thursday due to a weak global lead. As highlighted, new economic restrictions are combining with a market…
Inflation returns, Coles (ASX:COL) sales boom, US staggers down 3%, ASX to open over 1% lower The ASX 200 (ASX:XJO) staged a solid comeback after a weak opening, finishing 0.1% higher.  The strength came from the consumer staples and IT sector, up 1.8% and 3.0%, with some new and old names contributing.  On the newer side, was grocery retailer Coles Group (ASX:COL)…
RBA: Recession is over, ASX200 slumps 1.7%, stronger open ahead The ASX 200 (ASX:XJO) finished off the day’s lows falling 1.7% on Tuesday after a weak global lead. The good news in Victoria is being offset by a raft of new lockdown measures across Europe and signs the pandemic is unlikely to slow soon. On…
ASX falls, Coca-Cola Amatil (ASX:CCL) under offer, IPOs now falling flat The ASX 200 (ASX:XJO) weakened 0.2% to start the week, with the announcement of a release of Victorian Stage Four restrictions not enough to trigger a rally. The IT and Banking sectors lead the market lower, with Westpac Banking Corporation (ASX:WBC) falling 0.4% after…
Superannuation research house Chant West released their latest update on the performance for the September quarter. Industry groups quickly jumped on the news highlighting the fact that “nearly eight months after the COVID-19 crisis, superannuation funds have clawed back nearly all of the losses”, according to Research Director Mano Mohankumar. Looking closely at the data,…
