Defensive assets

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

9 in 10 stocks fall, energy under pressure, but ASX to open higher after US relief As the saying goes, sharemarkets take the stairs up and the elevator down. The ASX 200 (ASX:XJO) followed the global lead finishing 2.2% lower, with all but 13 stocks in the index finishing lower. Energy companies including Woodside Petroleum…

US markets continue to fall, ASX to open lower, rent collections improve, payroll data The ASX 200 (ASX:XJO) continued its recovery, adding 1.1%, with every sector but Consumer Staples finishing higher. Healthcare was the highlight once again, CSL Ltd (ASX:CSL) continuing to see support following yesterday’s announcement of production agreements for COVID-19 vaccines, finishing 2.1%…

Worst day since May 1, US stems losses, ANZ suggests the worst is yet to come The ASX 200 (ASX:XJO) delivered its worst day since May 1, falling 3.1% on Friday, following the lead of global markets. With the US markets heading lower on concerns of technology sector valuations, the local sector fell 5.6% on…

Turnaround: markets look past recession to the future, AMP in hot demand, another positive lead ahead The ASX 200 (ASX:XJO) staged a remarkable recovery, adding 1.8% even as we received confirmation that the economy had contracted by 7% in the June quarter. The rally was broad-based with industrials and materials improving on the back of…

Weak open ahead, Fifth straight month for the ASX, IOOF loads up

ASX 200 down 0.9%, Federal Reserve boosts US markets, AUD hits a 12 month high The ASX 200 (ASX:XJO) finished 0.9% lower on Friday and down 0.6% for the week; the second straight week of losses. Selling was broad-based but particularly coming from materials, down 1.8%, as Australia upped the trade war ante following PM…

The ASX 200 (ASX:XJO) finished 0.5% higher behind a strong rally in financials, up 2.5%, following positive comments on a potential COVID-19 treatment.

The ASX 200 (ASX:XJO) overcame a weak lead from overseas markets to finish 0.3% higher, behind another rally in Wesfarmers Ltd (ASX:WES), up 1.5%.