Financials, miners hit as the second wave hits Europe, RBA guidance, strong open ahead The ASX 200 (ASX:XJO) fell to a three month low on Tuesday, down 0.7%. The sustained sell off has been driven by signs of a second wave engulfing Europe and the potential for another round of economic restrictions. Materials (-0.2%) was…
ASX nears three month low, Magellan (ASX:MFG) takes a swing, US markets head lower The selling pressure continued on Monday, the ASX 200 (ASX:XJO) falling another 0.7%, now nearing the low points of June. The selling was widespread, National Australia Bank Ltd (ASX:NAB) and BHP Group Ltd (ASX:BHP) down 1.4% and 1.2% respectively. The biggest…
Video games have traditionally been associated with laziness, requiring someone to stay at home in a dark room when they could be doing more ‘productive’ things with their lives. How things have changed! The 2019 Fortnite World Championships attracted 40 million entrants chasing a US$30 million ($41 million) prize pool, with the finals televised in…
ASX 200 ekes out a gain, tech profit taking continues, Trump bans WeChat Global markets continued their negative trend on Friday, the ASX 200 (ASX:XJO) falling 0.3%, but managing to finish the week up a solitary 5 points; outperforming most global markets. It was a similar story in the US, with both the Nasdaq and…
The stellar run in the Nasdaq 100 index, which has seen it reach new all-time highs some 40 times already in 2020, shows no signs of slowing. With such strength and a willingness of investors to look beyond short-term losses, a single-file, socially distanced line of “unicorns” is awaiting their piece of the action. The…
The bull fights back, Alibaba on the prowl, Fed not enough to slow tech sell off, ASX to fall The ASX 200 (ASX:XJO) followed the strong overseas lead to finish 1.1% higher for the day. Every sector delivered a solid return, with IT, +2.4%, and Communications, +2.1%, leading the way. Employment advertising monopoly, Seek Ltd…
Lacklustre Tuesday, positive China data triggers a global rally, RBA minutes offer little The banking sector was among the weakest on Tuesday, falling 1.4%, with the ASX 200 (ASX:XJO) finishing the day flat. The Australian house price index fell 1.8% on the previous quarter, sending the Commonwealth Bank of Australia Ltd (ASX:CBA) down 1.7% as…
Vaccine trial restart boosts markets, ASX strength to continue, COVID-19 impacting Macquarie Group A positive lead from Wall Street and news that AstraZeneca plc (NYSE:AZN) had resumed their vaccine trial sent the ASX 200 (ASX:XJO) 0.7% higher on Monday. Positive news on the vaccine front support the energy and industrial sectors amid hope of a…
The SMSF Association have launched a comprehensive series of online modules as they seek to evolve the delivery of the SMSF Specialist Advisery (SSA) designation. The highly coveted designation requires an extensive amount of knowledge across taxation and superannuation law, which has traditionally been delivered through short study guides culminating in a detailed examination. The…
Sell off extends to four weeks, tech takes a breather, a win for ESG The ASX 200 (ASX:XJO) fell to a nine-week loss before finishing down 0.8% for the day and 1.1%; making it the fourth straight week of losses. The selling pressure was centred around financials, falling 1.2%, as geopolitical confrontations with China have…
