ASX ignores recession in 1.8pc rally
Shares made back all of Tuesday’s losses, even as the economy fell into a recession for the first time in three decades.
Markets
KKR eyes bid for AMP’s wealth platform
KKR & Co has made an informal approach to AMP in recent weeks about buying the wealth group’s investment platform business, sources say.
Shares dip as $A soars
The Australian dollar is likely to keep rising towards US75c this month, according to Westpac.
Dovish shift for RBA as ASX sheds 1.8pc
Afterpay and QBE led the ASX to losses of 1.8pc at the close, while economists noted a dovish shift from the RBA at its latest meeting.
ASX adds 2.2pc in 5th monthly gain
Shares closed at their lowest levels of the day, but still held on to a 2.2pc monthly gain to mark a 33pc recovery from March lows.
Close election bad news for the US economy
US President Donald Trump’s greatly improving chances of re-election this November could turn out to be a double-edged sword for the US stockmarket.
ETF for e-sports set to launch
Investment manager VanEck will target stocks with 50 per cent or more exposure to gaming and e-sports.
Now is not the time to get too defensive
The news is pretty grim but, while portfolios should be positioned cautiously, there are good reasons to keep an open mind on equities.
Stocks to fall with Aussie on a high
The Australian sharemarket is expected to start the week lower as earnings season comes to a close.
$A tops US73c, Pointsbet soars 87pc
Australian shares faded to close near daily lows, off by 0.9pc, to cement a second consecutive weekly loss, with only banks finishing in the green.
Pandemic slashes $7bn off dividends
Many companies paid no dividend at all or slashed their distributions in the face of a viral pandemic.
Star stock pickers split between caution and opportunity
Results have been mixed for fund managers this reporting season. An even bigger divergence in their future performance loom.
Dollar on the rampage
The good news is the impact on the local economy of the Australian dollar rally against the US dollar is relatively muted.
Big split on Afterpay
Analysts can’t agree on what Afterpay’s likely trajectory is and target prices vary wildly.
Reality check for growth stocks near
A reality check on a “speculative mania” in growth stocks around the world could be just weeks away, says Platinum’s Andrew Clifford.
Mortgage Choice lending up
Mortgage Choice has been weighed down by a flat loan book and sliding franchise numbers amid an overall challenging period for the housing market.
Woolies boost buoys ASX as $A lifts
Strength in Woolworths and BHP helped the market to hold on to gains at the close, as Fortescue shares rose to new heights.
Morgan Stanley warns: don’t chase the market
Morgan Stanley is telling clients to switch to undervalued stocks, on concern about stretched valuations.
ASX wipes week-to-date gains as Telstra drags
Shares bounced from daily lows but finished down 0.7pc under the drag of banks and ex-dividend trade in Telstra.
Afterpay, Xero head for ASX 50
What are some key changes predicted by Morgan Stanley in the next quarterly rebalance of S&P Dow Jones Indices?
Original URL: https://www.theaustralian.com.au/business/markets/page/200