Federal Reserve

ASX retakes 7,000, iron ore falls, CBA hits new record, dispersion grows  The ASX200 (ASX:XJO) finished the week on a positive note, moving 0.5% higher and retaking the 7,000-point level. Every sector was higher barring materials, with Fortescue (ASX:FMG) and BHP Group (ASX:BHP) falling 2.8% and 1.5% respectively after the iron ore price dropped 9.5% during the day. On the positive side, the…

The Inside Network welcomed financial advisers, asset consultants, and family offices from around the globe for its first Equities and Growth Assets Symposium this year. At a packed-out event, some of the brightest minds collaborated and discussed the challenges and opportunities in equity markets at a time when the world is seen to be entering…

ASX hits 14-month high, ANZ dividend surprise, Nearmap upgrades revenue guidance  The ASX200 (ASX:XJO) reached a 14-month high, adding 0.4% and once again nearing a record. The primary driver was the healthcare sector, up 1.1%, with key constituent CSL (ASX:CSL) up 2.4% offering the majority of the support. Private hospital, imaging, and COVID-19 testing firm Healius (ASX:HLS) finished flat despite reporting…

ASX hits new high, value rotation continues, car sales spike The ASX200 finished another 0.6% higher on Wednesday, reaching the highest point since February last year but still some way off the all-time high of 7,199 points. Once again it was the energy and materials sectors boosting the market as a flood of more positive economic news…

ASX up 1.7% for the week, all action at the CEO-level of AMP and TPG, battery stocks on the charge  The ASX200 (ASX:XJO) finished the day 0.5% higher, with every sector but healthcare delivering a positive return. Telecommunications and IT were the highlights, finishing 1.3% and 1.2% higher, with a 2.4% jump in Telstra (ASX:TLS) offsetting a 6.7% fall…

ASX finished 0.7% higher, Crown (ASX:CWN) under offer, Fortescue (ASX:FMG) tanks The ASX200 (ASX:XJO) overcame a weak global lead to break a three day losing streak, adding 0.7% on Monday. Every sector was higher barring materials, with Fortescue Metals (ASX:FMG) dragging the sector lower, falling 4.3% on a further weakening of the iron ore price. Energy was by far the highlight,…

ASX sinks to first loss in a month, retailers powering ahead, materials weaker The ASX200 (ASX:XJO) finished the week on a negative note, falling 0.6%, delivering the first weekly loss in over a month, down 0.9%. It seems the number of divergent outcomes for 2021 is increasing by the day, with talk of an inflation spike, countered…

Market weakens, CBA enters BNPL space, Corporate Travel sell down The ASX200 (ASX:XJO) fell 0.5% on Wednesday, following a confluence of global factors. It was a mixed day with six of the eleven key industry sectors falling but energy and materials remaining under pressure. The iron ore price has remained strong, however, both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) fell as other commodity…

Gold miners surge, technology recovers, iron ore price down 6%, ASX lower The ASX200 couldn’t capitalise on the strong lead from US technology stocks overnight, falling 0.8% as the lack of growth opportunities came to the fore. Afterpay (ASX:APT) returned to strength jumping 7.5% after announcing the acquisition of Pagantis, a BNPL provider with a European presence.  All eyes, however,…

ASX struggles higher, rates on hold, giant gold merger, US stocks fall The ASX 200 (ASX:XJO) struggled to a 0.3% gain on Tuesday, the energy, +2.3%, and materials sector, +1.1%, the key contributors. The biggest news was the ‘merger of equals’ between Australian gold miners Saracen Minerals (ASX:SAR) and Northern Star Mining (ASX:NST). The merger…