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  • Drew Meredith

ASX broadly flat, retail sales decline again

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…

Drew Meredith | 21st Oct 2020 | More
Afterpay Ltd (ASX:APT) hits $100

ASX lower as mining and financials hit, Afterpay Ltd (ASX:APT) hits $100, RBA Minutes released The ASX 200 (ASX:XJO) fell 0.7% on Tuesday, giving back yesterday’s gains on a weaker global lead. Mining, down 1.1% and financials, -1.2%, were the biggest detractors as valuations continue to bite. BHP Group Ltd (ASX:BHP) offered a quarterly production update…

Drew Meredith | 20th Oct 2020 | More
ASX 200 hits seven month high

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…

Drew Meredith | 19th Oct 2020 | More
  • Positive week for global markets

    Another positive week for global markets, property sinks, reality setting in for Atlas Arteria (ASX:ALX) It was another positive week for global markets, the ASX 200 (ASX:XJO) finishing 1.2% higher despite falling 0.5% on Friday. Similarly, US markets have overcome the ‘will they or wont they’ stimulus discussions, with the S&P 500 and Nasdaq up 0.2%…

    Drew Meredith | 17th Oct 2020 | More
    RBA planning more QE, ASX rallies

    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%…

    Drew Meredith | 15th Oct 2020 | More
    ASX falls 0.3%, US falls offering weaker lead

    It ends at seven, ASX falls 0.3%, Bank of Queensland surprises, US falls offering weaker lead The ASX 200 (ASX:XJO) couldn’t keep its unbeaten run going, falling 0.3% on Wednesday, overcome by a combination of factors.  The materials sector was among the biggest detractors, falling 0.9% after the unexpected announcement overnight that Chinese steel mills were ordered…

    Drew Meredith | 14th Oct 2020 | More
  • Telstra (ASX:TLS) dividend boost

    Seventh heaven, China bans coal, Telstra (ASX:TLS) dividend boost, US markets fall The ASX 200 (ASX:XJO) reached its highest point in seven months, passing 6,200 points after improving 1.0% on Tuesday. This takes the rally to seven straight days with all sectors except materials finishing higher. The financial sector continues to outperform as economic conditions…

    Drew Meredith | 13th Oct 2020 | More
    ASX up 5.4%, S&P 500 up 3.9%

    Markets have strongest week in months, ASX up 5.4%, S&P 500 up 3.9%, stimulus on again The ASX 200 (ASX:XJO) delivered its strong week since April, finishing 5.4% higher despite finishing flat on Friday. It was a similar story in the US, with the S&P 500 adding 0.9% on Friday and 3.9% for the week. The…

    Drew Meredith | 11th Oct 2020 | More
  • Zip (ASX:Z1P) up 9%, US markets creep higher

    Longest winning streak since July, go slow at Transurban (ASX:TCL), Zip (ASX:Z1P) up 9%, US markets continue to creep higher The ASX 200 (ASX:XJO) has delivered its longest winning streak since July, finishing 1.1% higher as the budget stimulus continues to reverberate through markets. The announcements have been well received by the corporate sector, despite several shortcomings….

    Drew Meredith | 8th Oct 2020 | More
    ASX budget bounce, IPOs closing in

    ASX budget bounce, a long list of winners, IPOs closing in, US markets hit one month high The ASX 200 (ASX:XJO) overcame a weak lead form the US to deliver its strongest budget bounce since 2002, jumping 1.3%. It will likely take several weeks to digest the true implications of this budget, particularly those sectors that…

    Drew Meredith | 7th Oct 2020 | More