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The local sharemarket finished 0.3 per cent lower to begin the new quarter, with strength in the utilities, energy and property sectors not enough to offset broader weakness in the market. The energy sector gained 1 per cent after OPEC+ announced its intention to cut oil production in response to falling prices, just as investors…
The energy sector powered the Australian sharemarket on Thursday, with a 2.8 per cent gain on the back of the apparent sabotage of the Nord Stream sub-sea pipelines linking Europe and Russia. This helped the benchmark S&P/ASX200 index to gain 93 points, or 1.4 per cent to 6,555, while the broader All Ordinaries advanced 100.8 points, or…
After three consecutive losing days, the Australian sharemarket turned northward again on Tuesday, led by the resources stocks. After being scorched on Monday, the ASX’s coal and lithium stocks rallied on Tuesday as global markets stabilised, as did energy prices, despite rising recession risks. The S&P/ASX 200 Index added 26.8 points, or 0.4 per cent,…
With the worst losses in two years for the ASX’s mining and energy sectors, there was no way that the Australian share market’s major indices were gaining ground yesterday, and so it unfolded. The mining sub-index slid 5.3 per cent, its worst day since a 6.8 per cent fall on May 1, 2020, while the…
As romantic as it may be to proclaim the emergence of an advice profession and to suggest that a ‘good advice’ duty is a panacea for systemic failures, the retreat of institutional licensees from advice is not necessarily evidence of our capacity for self-regulation.
Findings from the 2022 Adviser Technology Needs Report highlight the need for a better investment platform system
The new regime will help firms identify and act on breaches a lot quicker than before.
How a star quant analyst used his poker skills to take on calculated risks and deliver outstanding returns
Bill Prendergast discusses the role of fixed income and its role in portfolios today.
Inflation may be peaking but no recession in sight says Joseph Kalish.