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China flags iron ore concerns

ASX 200 falls 0.4%, China flags iron ore concerns, Vicinity (ASX:VCX) confirms dividend A weak global lead pushed the ASX200 (ASX:XJO) down 0.4% today, with the China Iron and Steel Association flagging concerns about the ballooning iron ore price at the same time that maintenance hit export volumes in November. BHP (ASX:BHP) and Fortescue (ASX:FMG) bore the brunt down 2.3% and 3.1% respectively.  Yet…
Drew Meredith | 15th Dec 2020 | More
Drummond Property Consultants: Caution amidst headwinds

Since our 2020 Strategic Asset Allocation (SAA) review in June, we have remained modestly underweight the SAA reflecting concern about prospects for the asset class in the current environment. Recently, we reduced this exposure further, as our conviction has built that real estate will underperform the broader equity market over the medium term. Below, we…
Tom Schubert | 27th Aug 2020 | More
Magellan launches its Core ETF series

The well-known fund manager has launched a series of low-cost ETFs which will help further its reach into the retail investor market.

Ishan Dan | 25th Aug 2020 | More
    • Financial Planner’s market update – market flat for the week, positive lead from the US, manufacturing recovering

    Market flat for the week, positive lead from the US, manufacturing recovering The ASX 200 finished 0.2% lower for the week, down just 0.1% on Friday, despite a strong US lead. Suncorp Group Ltd (ASX:SUN) was the highlight, beating expectations despite reporting a 33% fall in profit and finishing up 11% for the day. Over…
    Drew Meredith | 24th Aug 2020 | More
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