Equities

Rotation rally continues, ASX 1.7% higher, Commonwealth Bank (ASX:CBA) reports, US markets mixed, ASX to open positive The rotation rally continued on Wednesday as investors adjusted portfolios to what appears to be a sooner than expected return to normal. Every sector finished higher, with COVID beneficiaries including Consumer Discretionary (+0.7%) and healthcare (0.2%) among the ‘weakest’….

ASX rallies on vaccine news, cyclical rotation in full flight, Westfield (ASX:URW) jumps 43.5% The ASX 200 (ASX:XJO) finished just 0.7% above open despite trading as much as 2.5% higher during the day on news of Pfizer’s (NYSE:PFE) successful vaccine trials.  For those interested, reports suggest that the treatment has 90% efficacy in protecting from…

Optimism abound, ASX up 4.4% for the week, Macquarie (ASX:MQG) profit falls 32% The week finished where it began, the ASX 200 (ASX:XJO) adding 0.8% taking the gain to 4.4% with every sector finishing the week higher.  The key driver was real estate (+8.3%) and consumer discretionary (+6.8%) businesses the key drivers as a combination of loosening border restrictions…

Markets to open higher, ASX up 1.3% on the back of CSL (ASX: CSL), National Australia Bank (ASX: NAB) profit crushed, ‘Nirvana’ for sharemarkets. The ASX 200 (ASX: XJO) delivered another strong day as it became more clear that Joe Biden would be the next President of the United States. Despite the election still being…

And still they keep coming – here’s the fourth instalment of our series on the fascinating ASX cohort of medical device developers. As always, don’t let the impressive sexiness of the technology persuade you on its own that these stocks are headed for the stars. In each of the three cases presented here, previous investors…

ASX finishes flat, Biden now likely to win Presidency, Woolworths (ASX:WOW) continues to pivot The ASX 200 (ASX:XJO) finished broadly flat for the day, oscillating between a loss of 1.5% to a slight gain as initial election results filtered through.  The day, though, was a story of two sectors, financials and banks and banks taking…

ASX stumbles to worst week since April, AMP (ASX:AMP) under offer, Resmed (ASX:RMD) upgrades earnings The ASX 200 (ASX:XJO) delivered its worst week since April, falling 3.9% after Friday’s 0.5% weaker close.  That said, it was a strong month given the background of uncertainty with the index 1.9% higher.  By far the news of the day was under…

Sentiment shifts US market rallies, JB Hi-Fi (ASX:JBH) sold off, Seek (ASX:SEK) under short attack It’s looking like a tough end to October after what has been a very strong month.  The ASX 200 (ASX:XJO) fell 1.6% on Thursday due to a weak global lead.  As highlighted, new economic restrictions are combining with a market…

RBA: Recession is over, ASX200 slumps 1.7%, stronger open ahead The ASX 200 (ASX:XJO) finished off the day’s lows falling 1.7% on Tuesday after a weak global lead.  The good news in Victoria is being offset by a raft of new lockdown measures across Europe and signs the pandemic is unlikely to slow soon.  On…

Managed Accounts, or Managed Discretionary Accounts (MDAs), are a relatively new investment solution available to consumers and financial advisers following recent advances in platform technology. MDAs have evolved to a point where advisers can offer clients a broad range of investment assets and clients have complete visibility of the investments held in their portfolio. What…

ASX 200 hits seven month high, CSL (ASX:CSL) bounces, Cimic (ASX:CIM) sells Thiess, weaker open ahead The ASX 200 (ASX:XJO) rallied 0.9% to start the week, buoyed by the hope of Victorian economic restrictions being lifted at the end of the month.  The index has reached a seven month high as a confluence of domestic…

There was a time, not so long ago, when AMP and the Australian banks dominated the New Zealand wealth management and advice sector. With Westpac confirming sale talks last week (October 16) and AMP’s ongoing sale saga, the locals have largely bought back the farm. Forsyth Barr is set to leapfrog Craigs Investment Partners –…