The ASX 200 (ASX:XJO) overcame a weak lead from overseas markets to finish 0.3% higher, behind another rally in Wesfarmers Ltd (ASX:WES), up 1.5%.
Finally, some positive action at AMP AMP Ltd (ASX:AMP): Management at AMP finally bowed to public pressure with Chairman David Murray, Director John Fraser and recently appointed CEO of AMP Capital Boe Pahari all stepping down over the weekend. Importantly, Debra Hazelton who is also a board member of the Treasury Corporation of Victoria will…
Market flat for the week, positive lead from the US, manufacturing recovering The ASX 200 finished 0.2% lower for the week, down just 0.1% on Friday, despite a strong US lead. Suncorp Group Ltd (ASX:SUN) was the highlight, beating expectations despite reporting a 33% fall in profit and finishing up 11% for the day. Over…
Retailers at all-time highs, market to open strongly as tech rally continues The ASX 200 (ASX:XJO) fell another 0.8% today, as weaker than expected earnings result and more pessimistic view from the US Federal Reserve impacted sentiment. Most weakness came from the healthcare and financial sectors, representing a substantial portion of the market, however, the…
The market (ASX:XJO) finished at a six month high, adding 0.7%, as the reporting season went up another gear.
Clearly, we should have seen it coming. A launch party full of B-grade celebrities on a pristine beach in a cyclone ravaged region, it had all the hallmarks of a disaster. This week saw the regulator taking action against the Mayfair Platinum Group, including its subsidiaries IPO Wealth, Mayfair 101, and M-Notes among others. The…
The ASX 200 (ASX:200) finished an important week 2.0% higher after adding 0.6% on Friday.
The ASX 200 (ASX:XJO) started the day strongly, but finished on its lows (-0.7%) as investors digested a flurry of earnings reports from AMP Ltd
The ASX 200 (ASX:XJO) jumped out of the blocks this morning after the Commonwealth Bank of Australia Ltd.
It was another busy day as reporting season ramped up, the ASX 200 (ASX:XJO) finishing 0.5% higher as signs of slowing Victorian COVID-19 cases boosted National Australia Bank Ltd (ASX:NAB), rising 2.4%.
