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  • Drew Meredith

Oil price hits nine month high

ASX 200 (ASX:XJO) 1.3% higher, oil price hits nine month high, AUD rallies, Dow hits 30,000 The ASX200 (ASX:XJO) saw another strong day adding 1.3% on the back of the ‘trifecta’ of COVID-19 vaccines with hopes for an economic recovery resulting in the oil price hitting a nine-month high.  As can be expected, energy stocks benefited most,…
Drew Meredith | 24th Nov 2020 | More
Seek (ASX:SEK), BlueScope Steel (ASX:BSL)

Seek (ASX:SEK), BlueScope Steel (ASX:BSL) upgrade guidance, unemployment surprises, US markets offer positive lead The Australian market (ASX:XJO) eked out a fourth straight gain finishing 0.2% higher with the financial and IT sectors the biggest contributors; up 1.2% each.  For the financials Westpac Banking Corporation (ASX:WBC) led the way adding 2.3% after the release of better than…
Drew Meredith | 19th Nov 2020 | More
Charter Hall (ASX:CHC) and Centuria (ASX:CIP) continue to acquire

ASX up and running, to open weaker, Charter Hall (ASX:CHC) and Centuria (ASX:CIP) continue to acquire The ASX (ASX:ASX) managed to open on time Tuesday after significant issues to begin the week, though management flagged some ‘settlement’ issues had also arisen, sending the share price 1.5% lower.  In terms of the ASX200 (ASX:XJO) it was…
Drew Meredith | 17th Nov 2020 | More
    • Moderna (NYSE:MRNA) vaccine 94% effective

    Sharemarket to open strongly, Moderna (NYSE:MRNA) vaccine 94% effective, ASX (ASX:ASX) system failure, US markets hit record The S&P/ASX200 (ASX:XJO) managed just 25 minutes of trade this morning before its new settlement system failed, closing down the market for the day.  Before the shutdown it was a positive start, the market finished 1.2% higher on the…
    Drew Meredith | 16th Nov 2020 | More
    ASX stocks down 0.2%

    ASX stocks down 0.2%, ‘Go long’ says star investor Bill Ackman, Ramsay Healthcare (ASX:RHC) reports, positive open ahead The ASX200 (ASX:XJO) fell for the second straight day finishing down 0.2% but managed to add 3.2% for the week.  The reasons were clear, positive news on a COVID-19 vaccine coming from Pfizer (NYSE:PFE) sent beaten down…
    Drew Meredith | 15th Nov 2020 | More
    ASX to open lower, Telstra (ASX:TLS) outperforms

    ASX 200 (ASX:XJO) falls 0.5%, Telstra (ASX:TLS) outperforms, US market falls ASX to open lower It was a mixed day for the ASX200 (ASX:XJO) taking a breather after what has been a hectic few days.  Most sectors were down, with telecommunications and consumer discretionary the standouts, adding 1.9% and 1.0% on company specific news.  Wesfarmers…
    Drew Meredith | 12th Nov 2020 | More