The Australian dollar and bond yields slid after the Reserve Bank of Australia lifted the cash rate by 0.25 per cent on Melbourne Cup Day, to 4.35 per cent. It was the first change to the official rate in five months – and the first under new governor Michele Bullock – coming after a run…
“I wouldn’t employ someone from a growth house and try to turn them into a value investor,” says Rich Pzena. “It doesn’t work, they’re different people.”
Surprisingly high inflation data stopped the Australian market from consolidating early gains on Wednesday, turning the day into a stalemate in terms of the indices. The benchmark S&P/ASX 200 closed 2.6 points lower, at 6,854, losing early gains. The broader All Ordinaries index, however, managed a 0.7-point gain, to 7,046. Australia’s headline consumer price index…
It was a bounce-back session from the miners on the ASX on Tuesday, which helped the market gauges elevate slightly. The benchmark S&P/ASX 200 index added 12.8 points, or 0.2 per cent, to 6,856, while the broader All Ordinaries index gained 15.6 points, or 0.2 per cent, to 7,045. The heavyweight mining sector was the…
The Australian stock market has given up all of the gains that it had made in 2023, with the benchmark S&P/ASX 200 losing 56.6 points, or 0.8 per cent, on Monday to 6,844.1, with resources weakness the major culprit. That puts the index in the red by 2.8 per cent for the year. The broader…
The emerging markets pioneer turned a $100 million fund into a $60 billion behemoth over 30 years. And even now, well past 80, Mark Mobius still spends 250 days of the year on the road researching companies.
The Australian share market finished higher on Friday ahead of the United States jobs report, with the benchmark S&P/ASX200 index gaining 28.7 points, or 0.4 per cent, to 6,954.2, while the broader All Ordinaries added 25.5 points, also 0.4 per cent, to 7,143.0. For the week, the S&P/ASX 200 fell 1.3 per cent, in its…
The Australian sharemarket rebounded from 11-month lows on Thursday, notching a small gain as markets braced for the official US jobs data on Friday night Australian time. The benchmark S&P/ASX 200 index gained 35.3 points, or 0.5 per cent, to 6,925, while the broader All Ordinaries index managed an identical 35.3-point, 0.5-per-cent rise, in its…
Handling emotionally charged phone calls as a Lifeline counsellor taught Jon Moses the patience required to conduct forensic searches for lost shares and dividends belonging to deceased estates.
The Australian sharemarket closed at its lowest point in 11 months on Wednesday, hampered by a weak lead-in from Wall Street, and its interest-rate worries. The benchmark S&P/ASX 200 ended the session down 53.2 points, or 0.8 per cent, to 6890, its lowest close since November 3. Banks had a bad day, with the financials…