It’s heating up…… The ASX 200 (ASX:XJO) closed above 6,000 points for the third straight day, despite falling 0.7% for the session. Technology was the only positive sector with the major miners the biggest detractors, BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO) down 1.7% and 1.0% respectively, amid signs of a rebound in…
What a month, with markets rallying again, capping off the strongest quarter for the ASX in more than 20 years. The technology-focused Nasdaq reached all-time highs and the S&P 500 had its best quarter since 1938. The month continued the ‘changing of the guard’ trend, with the old-fashioned, capital intensive sectors, such as property, energy…
The quarter saw an onslaught of record-breaking economic data, as Australia officially entered its first recession in nearly 30 years. The economy contracted a comparatively strong 0.3% in the March quarter and is expected to fall as much as 8-10% in June as the worst of the economic shutdowns hit. It’s clear that Australia’s world leading fiscal stimulus is very much needed to support a recovery.
It was another strong finish for the ASX 200 on Friday, adding 0.4% and finishing the week up 2.6% on the back of rally in both the healthcare and communications sectors. CSL Ltd (ASX:CSL), up 2.7%, and Telstra Corporation Ltd (ASX:TLS), 4.0%, were the standouts. The market continues to improve despite the worsening COVID-19 case numbers in Victoria and the US which seem likely to result in a second round of shutdown measures.
It was another strong finish for the ASX 200 on Friday, adding 0.4% and finishing the week up 2.6% on the back of rally in both the healthcare and communications sectors. CSL Ltd (ASX:CSL), up 2.7%, and Telstra Corporation Ltd (ASX:TLS), 4.0%, were the standouts. The market continues to improve despite the worsening COVID-19 case numbers in Victoria and the US which seem likely to result in a second round of shutdown measures.
The ASX 200 (ASX:XJO) followed a strong global lead pushing 1.7% higher, with all sectors benefiting. The most stunning performance has come from Afterpay Ltd (ASX:APT) which after hitting another all-time high has become the 19th most valuable company at $18 billion; this despite losing $32 million last year.
The ASX 200 (ASX:XJO) followed a strong global lead pushing 1.7% higher, with all sectors benefiting. The most stunning performance has come from Afterpay Ltd (ASX:APT) which after hitting another all-time high has become the 19th most valuable company at $18 billion; this despite losing $32 million last year.
Most global markets started the financial year on a positive note, with the ASX 200 (ASX:XJO) adding 0.6% despite reports that just 30% of jobs lost during the COVID-19 crisis have been replaced.
Most global markets started the financial year on a positive note, with the ASX 200 (ASX:XJO) adding 0.6% despite reports that just 30% of jobs lost during the COVID-19 crisis have been replaced.
As we enter the new financial year, it’s worth reflecting on what we have just experienced in the last financial year; not just in investment terms, but our health and community. COVID-19 will have long-lasting impacts on our lives and has resulted in one of the most unique investment environments in history. Markets experienced one…
