Financials

Perth in lockdown, ASX flat for the week, retailers smashed  Perth has entered a ‘snap’ three-day lockdown following another hotel quarantine outbreak. Despite this, the market finished slightly ahead on Friday, 0.1%, and finished the week flat. The highlights over the week were Megaport (ASX:MP1) and Monadelphous (ASX:MND), which jumped 10.5% and 8.6% respectively. All attention has been on a number…

ASX pares losses, defensives in favour again, Nuix downgrades again  The ASX200 (ASX:XJO) trimmed losses to just 0.3% despite falling as low as 1.6% during the session. The selling pressure was driven primarily by the energy and property sectors as concerns about spiking global COVID-19 cases impacted confidence. The recently listed Nuix Ltd (ASX:NXL), a big data and analytics…

Rough day but positive finish, tech leads the way, iron ore’s new high, AMP’s new low The ASX200 (ASX:XJO) managed a small gain despite a volatile day on markets, finishing 0.1% higher on Friday taking the weekly gain to 1%. Once again, the tech sector is leading the way, jumping 4.4% over the week as it appears inflation…

ASX delivers strong gains, gold shining again, travel hit by vaccine issues The ASX200 (ASX:XJO) finished the week flat but managed to deliver a strong 2.4% from just four days of trading. The initial driver was the Reserve Bank reiterating their accommodative policy settings, sending the technology sector including Afterpay (ASX:APT) up 15.1% over the week after a difficult few months….

ASX positive, Zip Co (ASX:Z1P) teams up with JB HiFi, building approvals heat up The ASX200 (ASX:XJO) posted another positive day as the quarter comes to an end, finishing 0.8% higher. Whilst a positive headline, the market fell heavily into the close, down around 1% in the last hour of trading. This resulted in another 1.8% gain…

RBA comments push market lower, energy, iron ore prices fall, A2 Milk jumps 8% The ASX200 (ASX:XJO) gave up a strong open, trading as much as 1% higher, to finish down 0.4% for the day. With reporting season having come to an end, investors are now watching economic and central bank data intensely for any signs of…

With July coming to a close, it’s time for reporting season – and this year, it’s not going to be pretty.