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.
The Australian share market rose for a fourth straight day, buoyed by Chinese stimulus measures in China, even as a booming domestic jobs report raised expectations for rate hikes, pushing the Australian dollar to its highest point since February. The benchmark S&P/ASX200 index gained 13.6 points, or 0.2 per cent, to 7,175.30, while the broader…
The Australian sharemarket closed in the green on Wednesday as gains among the miners were balanced by a slide for healthcare – and index – heavyweight CSL, after its profit guidance for financial-year 2024 disappointed the market. The benchmark S&P/ASX 200 index finished the day up 22.8 points, or 0.3 per cent, to 7161.7 points,…
The Australian share market struggled to a small gain on Tuesday, reflecting an upbeat session overnight on Wall Street. The benchmark S&P/ASX 200 closed 16.4 points, or 0.2 per cent, higher to 7138.9, while the broader All Ordinaries index also edged up 16.8 points, or 0.2 per cent, to 7329.1. Among the banking majors, Commonwealth…
The Australian sharemarket slid for a third straight day on Thursday after the Bank of Canada followed the Reserve Bank of Australia by lifting interest rates to beat high inflation, heightening concerns that the US Federal Reserve will lean hawkish, too. The benchmark S&P/ASX 200 softened 18.3 points, or 0.3 per cent, to 7099.7, while…
The local share market has finished slightly lower as investors mulled weak economic data and the implications of higher rates for longer, following a perceived shift in stance from Australia’s central bank. Before markets opened, Reserve Bank of Australia (RBA) governor Philip Lowe told a Morgan Stanley business summit that “some further tightening of monetary…
The Australian sharemarket fell after the Reserve Bank surprised markets with another interest rate hike, lifting the cash rate to 4.1 per cent. The S&P/ASX200 Index fell 86.7 points, or 1.2 per cent, to 7,129.6, while the broader All Ordinaries dropped 81.3 points, or 1.1 per cent, to 7,319.9. Ten of the ASX’s 11 official…
The meteoric rise of Nvidia (NVDA) parallels generative AI’s own stratospheric journey. Dataset provider Appen provides an interesting local proxy stock, alongside a new wave of AI-themed ETFs.
Like all markets, the Australian stock exchange is refusing to make any substantial move until clarity comes from the negotiations in Washington over the looming US debt ceiling breach. On Tuesday the benchmark S&P/ASX200 index finished down 3.4 points at 7,259.9, while the broader All Ordinaries index dropped 3.3 points to 7,447.4. A positive trading…
The Australian share market gave up a small amount of ground on Monday, amid ongoing negotiations on raising the US debt ceiling and avoiding a potentially catastrophic default. The benchmark S&P/ASX 200 index finished down 16.2 points, or 0.22 per cent, at 7,263.3, while the broader All Ordinaries index walked back 20.8 points, or 0.28…
