Daily Market Update

Worst day since May 1, US stems losses, ANZ suggests the worst is yet to come The ASX 200 (ASX:XJO) delivered its worst day since May 1, falling 3.1% on Friday, following the lead of global markets. With the US markets heading lower on concerns of technology sector valuations, the local sector fell 5.6% on…

It’s back: US markets down over 4%, dividends the story of the day, a deal with the devil The ASX 200 (ASX:XJO) finished another 0.8% higher, with everything but the IT, materials and utilities sectors adding to the rally. As reporting season comes to an end, dividend payments are driving daily movements with BHP Group…

Turnaround: markets look past recession to the future, AMP in hot demand, another positive lead ahead The ASX 200 (ASX:XJO) staged a remarkable recovery, adding 1.8% even as we received confirmation that the economy had contracted by 7% in the June quarter. The rally was broad-based with industrials and materials improving on the back of…

August gains lost in a day, QBEs culture crisis, RBA looking dovish, higher open ahead With reporting season complete, markets are once again turning to economic data and vaccine hopes. It wasn’t a great start to Spring, with the ASX 200 (ASX:XJO) falling 1.8% and giving back nearly all the gains achieved in August. The…

Weak open ahead, Fifth straight month for the ASX, IOOF loads up

ASX 200 down 0.9%, Federal Reserve boosts US markets, AUD hits a 12 month high The ASX 200 (ASX:XJO) finished 0.9% lower on Friday and down 0.6% for the week; the second straight week of losses. Selling was broad-based but particularly coming from materials, down 1.8%, as Australia upped the trade war ante following PM…

It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

The market (ASX:XJO) finished at a six month high, adding 0.7%, as the reporting season went up another gear.

Embracing technology to improve profitability Net Wealth released their latest Adviser Tech white paper, once again exposing the slow adoption of technology in by financial advisers around the country. The report details the many new outsourcing and digital applications available to make advisers jobs easier, yet the industry remains hamstrung by the requirements of other…

The ASX 200 (ASX:200) finished an important week 2.0% higher after adding 0.6% on Friday.

The ASX 200 (ASX:XJO) started the day strongly, but finished on its lows (-0.7%) as investors digested a flurry of earnings reports from AMP Ltd

The ASX 200 (ASX:XJO) jumped out of the blocks this morning after the Commonwealth Bank of Australia Ltd.