Risk on, gold down, more clarity on Victoria’s state of disaster The ASX 200 (ASX:XJO) followed a global lead higher, adding close to 200 points to finish up 1.9% for the day. Every sector was positive, with IT and energy particular standouts adding 3.2% and 2.6% respectively, following better than expected manufacturing data in the…
Despite coming through the COVID-19 lockdowns seemingly unscathed, it seems that Queenslanders have been dipping the hardest into their superannuation under the early release clauses.
The ASX 200 (XJO:ASX) managed to fight off the widespread implications of Victoria’s ‘State of Disaster’ announcement, finishing flat for the delay despite nearly all businesses now being forced to close down.
Justin Arter, who previously headed the $62 billion portfolio managed by the Victorian Funds Management Corporation, has taken the role as CEO of industry fund CBUS Super.
The ASX 200 (XJO:ASX) fell 2.0% on Friday, but managed to hold onto a 0.5% gain for the month; it’s fourth straight winning month.
All that glitters, active vs. passive and why a closer look at infrastructure.
The Australian share market and ASX200 (ASX: XJO) finished the week down 0.2%, with the renewed confidence following the extension of the JobKeeper program offset by China’s growing combativeness and weakness in the US technology sector.
Treasurer Frydenberg provided his long-awaited budget update, which was just that an update, offering little in the way of guidance into the future. The Government are predicting unemployment will peak at 9.25% across the country, with ballooning deficits adding $250 billion to the debt pile.
The ASX 200 (ASX:XJO) finished off its lows for the day, falling 1.3%, as both Victoria and several US states hit record COVID-19 case levels, denting market sentiment.
Despite an increasing chorus of experts suggesting the technology sector has moved beyond reasonable levels, the rally continues. The ASX 200 (ASX:XJO) added 2.6%, hitting a six week high, with a 5.7% rally in the IT sector among the largest contributors.
