On Thursday, the S&P/ASX 200 index fell 0.7 per cent primarily driven by a sell-off in energy companies, with eight of the 11 sectors falling, overshadowing robust labour force statistics revealing the creation of 55,000 jobs within the Australian economy last month. Despite noteworthy data from the Australian Bureau of Statistics indicating job increases, including a revised…
From Hero to Xero for tech star Australian shares rose for the second straight day, with healthcare leading the way, and netting out a tech slump. The benchmark S&P/ASX 200 index advanced 19.5 points, or 0.3 per cent, to 7014.9, while the broader All Ordinaries index rose 16.7 points, or 0.2 per cent, to 7,215….
The Australian share market built on a solid lead-in from Wall Street, with the tech sector leading the way, up 1.9 per cent on the back of enthusiasm emanating from the so-called “Magnificent Seven” US tech stocks. The benchmark S&P/ASX 200 added 18.3 points, or 0.3 per cent, to 6995.4, while the broader All Ordinaries…
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…
