The major Australian induces were becalmed on Thursday as stronger-than-expected retail sales and jobs data suggested the Reserve Bank might need to lift interest rates again next week, in an attempt to slow a still-strong economy. Data from the Australian Bureau of Statistics showed that Australia’s jobs market remains resilient despite the Reserve Bank’s historic…
A softer than expected headline inflation figure sparked a rally in the Australian sharemarket on Wednesday, as the Australian Bureau of Statistics (ABS) reported that consumer prices rose 5.6 per cent for the year to end of May, down from 6.8 per cent in April, meaning the consumer price index (CPI) actually fell 0.4 per…
The Australian share market bounced back from four straight days of losses on Tuesday, as investors prepare for a crucial inflation figure. The benchmark S&P/ASX200 index finished up 39.5 points, or 0.6 per cent, to 7,084.2, while the broader All Ordinaries rose 35.9 points, or 0.5per cent, to 7,300. The market is awaiting today’s consumer…
Shares posted their fourth straight days of losses on Monday, as investors were unnerved by a failed military uprising in Russia over the weekend, which had all sorts of worrying geo-political, macro-economic and energy-market implications. The S&P/ASX 200 lost 20.5 points, or 0.3 per cent, to 7078.7 points, for its lowest close in nearly three…
With ETF providers offering a slew of products aimed at shipping exposures, the ‘esoteric legend’ of the Baltic Dry Index still has a place in the hearts and minds of investors.
The Australian sharemarket had a poor day on Thursday, in fact its worst loss in more than three months, spooked by Federal Reserve Chairman Jerome Powell telling the US Congress that higher rates might be needed, albeit at a slower pace of rising. The benchmark S&P/ASX 200 index sank 119.4 points, or 1.6 per cent,…
The local share market ended its seven-day winning streak on Wednesday, with investors and traders wary ahead of Federal Reserve chairman Jerome Powell’s testimony to the US Congress later that night. The benchmark S&P/ASX 200 index eased 42.9 points, or 0.6 per cent, to 7,314.9, while the broader All Ordinaries walked back 42.9 points, also…
The Australian sharemarket sailed to a two-month high on Tuesday, after the minutes from the Reserve Bank of Australia’s June meeting showed that the bank’s policymakers were less hawkish than the market had expected. Only healthcare of the 11 sectoral sub-indices went backwards, and that by only 0.02 per cent. The gains ranged as high…
The Australian sharemarket lifted to its highest level in seven weeks on Monday, boosted by decent gains in nine out of the 11 sectors. The benchmark ASX/S&P 200 rose 43.7 points, or 0.6 per cent, or to 7294.9, while the broader All Ordinaries index advanced 38 points, or 0.5 per cent, to 7,489.2. Healthcare was…
With almost $600 million worth of SMSF assets held in art – up 54 per cent since 2016 – the original alternative investment is seeing a significant resurgence in popularity.
