Market News – 01 Feb 2022
1/02/2022Australian retail sales have plunged 4.4 per cent in December, according to the Retail Trade figures released today by the Australian Bureau of Statistics (ABS). Key points: Retail sales remain strong compared with pre-pandemic levels despite the fall The RBA decides to keep cash rate at 0.1pc but will end bond-buying Global stocks recover but are down 6 […]
Market News – 18 Jan 2022
18/01/2022The Australian share market lost its gains in afternoon trade, while consumer confidence has been dented by the spread of the Omicron variant of COVID-19. Key points: Consumer confidence plunged 7.6 per cent last week The Chinese President has warned major economies not to raise interest rates Rio Tinto iron ore production has fallen After a good […]
Market News – 07 Jan 2022
7/01/2022A second broad-based rally helped the ASX close the first week of 2022 slightly ahead, although the prospect of earlier rate hikes remains a worry for investors. The market gained 1.29 per cent on Friday – a semi-recovery from Thursday’s heavy losses caused by the warnings in the US Federal Reserve meeting minutes. Energy and […]
Market News – 31 Dec 2021
31/12/2021The Australian share market has ended six days in a row of gains in a shortened final trading session for the year. Key points: Wall Street posted modest falls overnight, and the ASX followed The ASX ended the year up 13 per cent, while Wall Street’s main index gained twice that US analysts warn that 2022 […]
Market News – 29 Nov 2021
29/11/2021The Australian share market has closed in the red, driven by investors worried about the new COVID-19 variant Omicron. Key points: Australian shares posted modest losses, after earlier falling to a near two-month low The new COVID-19 variant has created volatility across global markets Gains for mining stocks helped lift the materials sector in afternoon trade […]
Market News – 09 Oct
9/10/2019How to get started on the stock market, how to build your wealth and the best way to react when billions of dollars are wiped off the market. Last week nearly $80 billion was wiped off the Australian share market in two days as weak global growth and international recession fears spooked investors. But what […]
Market News – 01 Aug
1/08/2019Reporting season has arrived – here’s what to look for Good old-fashioned number crunching has never been more important, which is what is required for the reporting season in mid-to-late August, when ASX-listed companies, big and small, report their profit results for the 12 months to June 30. There will be a lot of focus […]
Market News – 05 June
10/06/2019RBA cuts rates to record low Key Points The RBA’s latest rate cut is aimed at heading off a further slowing in growth which would threaten higher unemployment and lower for longer inflation. Cutting the inflation target would be a big mistake. More rate cuts are likely to be needed ultimately taking the cash rate […]
Market News – 15 Mar
15/03/2019Recession risks revealed There’s been a lot of talk about a slowdown in Australia, including talk of a recession. That talk intensified this week after December quarter gross domestic product (GDP) figures showed growth remained very weak in the December quarter. The December quarter figures show GDP grew just 0.2 per cent and dragging annual […]
Market News – 03 Jan
3/01/2019The Aussie economy in 2019 it’s not boom but it’s not doom either Investors might be confused about the mixed news coming out late last year for the Australian economy and what it means for returns and rates. Economic growth has been okay, and unemployment has fallen to five per cent which is quite low […]