Defensive assets

ASX falls, Coca-Cola Amatil (ASX:CCL) under offer, IPOs now falling flat The ASX 200 (ASX:XJO) weakened 0.2% to start the week, with the announcement of a release of Victorian Stage Four restrictions not enough to trigger a rally.  The IT and Banking sectors lead the market lower, with Westpac Banking Corporation (ASX:WBC) falling 0.4% after…

ASX broadly flat, retail sales decline again, TPW smashed, flat lead The ASX battled to a flat finish on Wednesday, adding 0.1%, with gains in energy and financials offsetting weakness in the consumer sectors.  Retail sales results were released with every state apart from the NT falling in September, national sales were down 1.5%.  This was the second…

RBA planning more QE, ASX rallies, Virgin CEO out, US markets pare falls The ASX 200 (ASX:XJO) rallied 0.5% on a mixed day.  The key result today was a slightly better than expected unemployment result, the rate increasing to 6.9% despite Victoria shedding another 1.1% of jobs.  Queensland stands out with the highest level of unemployment at 7.7%…

Australian equities fund manager, DNR Capital, which is managed and led by chief investment officer Jamie Nicol and Portfolio Manager Scott Kelly, says the local market “continues to enjoy a strong run despite lockdowns in Melbourne, uncertainty regarding the outcome of the US elections and ongoing trade disputes with China,” which are just some of…

ASX 200 falls 2.3%, oil price tanking on second wave concerns, utilities profits hit, US posts a positive finish The ASX 200 (ASX:XJO) finished Wednesday 2.3% lower taking the loss to 4.0% for the month; the first negative result since March and down -1.4% for the quarter. The energy sector led the losses, down 4.2%, as a combination…

Volatility settles in, ASX falls, Westpac (ASX:WBC) whacked, positive start ahead The market looks to be ending the week on a negative note, the ASX 200 (ASX:XJO) falling 0.8% on Thursday, following a weak global lead. This was well above the lows of the session, at one point hitting -1.7%, with no sector spared. Westpac Banking…

Strongest day in three months, Service Stream (ASX:SSM) leads on NBN expansion, US sell of continues, ASX to open lower The ASX 200 (ASX:XJO) recovered strongly on Wednesday, bouncing 2.4% higher with just seventeen stocks finishing lower. The industrial sector lead the market higher, 4%, boosted by 4% behind a strong recovery in Transurban Group (ASX:TCL)…

Financials, miners hit as the second wave hits Europe, RBA guidance, strong open ahead The ASX 200 (ASX:XJO) fell to a three month low on Tuesday, down 0.7%. The sustained sell off has been driven by signs of a second wave engulfing Europe and the potential for another round of economic restrictions. Materials (-0.2%) was…

ASX 200 ekes out a gain, tech profit taking continues, Trump bans WeChat Global markets continued their negative trend on Friday, the ASX 200 (ASX:XJO) falling 0.3%, but managing to finish the week up a solitary 5 points; outperforming most global markets. It was a similar story in the US, with both the Nasdaq and…

ASX 200 ekes out a gain, tech profit taking continues, Trump bans WeChat Global markets continued their negative trend on Friday, the ASX 200 (ASX:XJO) falling 0.3%, but managing to finish the week up a solitary 5 points; outperforming most global markets. It was a similar story in the US, with both the Nasdaq and…

The bull fights back, Alibaba on the prowl, Fed not enough to slow tech sell off, ASX to fall The ASX 200 (ASX:XJO) followed the strong overseas lead to finish 1.1% higher for the day. Every sector delivered a solid return, with IT, +2.4%, and Communications, +2.1%, leading the way. Employment advertising monopoly, Seek Ltd…

Lacklustre Tuesday, positive China data triggers a global rally, RBA minutes offer little