ASX

As the calendar turns over to another year the bubble talk picks up once again. Listening to a popular US podcast called Animal Spirits during the week they referred to the acronym ‘FUD’ referring to Fear, Uncertainty and Doubt. Specifically, the hosts were referring to the power of negative headlines, talking about bubbles, busts valuations,…

Rates send markets lower, Magellan loses ‘material’ client, gold miners shine The local market benefitted from a strong overseas lead but managed to deliver a gain of just 0.1 per cent on Friday. The technology sector continues to be the largest drag, falling 3.9 per cent for the day and 4.5 per cent for the week, with energy…

Market weaker despite positive lead, unemployment falls, CSL down on acquisition The S&P/ASX200 (ASX: XJO) didn’t follow global markets higher, finishing down 0.4 per cent as CSL (ASX: CSL) dragged both the healthcare sector, down 5.1 per cent and the market lower. The reason was the completion of their capital raising at an 8 per…

Tech pulls market lower, deals galore across travel, property sectors  The technology sector once again dragged the market lower, falling 2.6 per cent and pulling the market down 0.7 per cent along with it. The biggest detractors were Afterpay (ASX: APT) and Zip Co (ASX: Z1P) which fell 3.1 and 6.9 per cent respectively as the flood out of high…

CSL Limited (ASX: CSL) has announced a blockbuster US$12.3 billion (AU$17.2 billion) tender offer for Vifor Pharma after trading hours today. The deal is CSL’s first major transaction since 2008 and will bring together two globally leading biotech companies. CSL finishes the year with a bang Speculation around the deal had been gaining momentum in recent days. On Monday CSL confirmed discussions…

The Corporate Travel Management Ltd (ASX: CTD) share price isn’t moving today while the business raises $100 million to fund the purchase of the Helloworld Travel Ltd (ASX: HLO) corporate and entertainment travel division. The acquisition will cost $175 million, funded via the capital raising and $75 million in new Corporate Travel shares issued to Helloworld. Corporate Travel buys up another…

Given the seeming obsession with the impending inflation outbreak in Australia, and around the world for that matter, one could be excused for thinking this would be among the most read articles for the year. In fact, it was quite the opposite, with our readership of Australia’s leading financial advisers looking for positivity, not fear….

ASX gains on materials, real estate sector upgrades, Ramsay goes back to basics The S&P/ASX200 (ASX: XJO) managed another strong opening, gaining 0.4 per cent on Monday, ahead of the summer holiday slowdown that typically occurs. The energy, mining and real estate sectors were the biggest contributors to the rally with Charter Hall (ASX: CHC) gaining 5.6 per cent, BHP (ASX: BHP) 2.7 per…

ASX losing run snapped, Fortescue CEO leaves, gold miners outperform The S&P/ASX200 managed to snap a four-week losing run to post a 1.5 per cent gain over the week.This was despite falling 0.4 per cent on Friday ahead of an all-important inflation print in the US. Shares in Fortescue (ASX: FMG) fell 0.8 per cent after CEO Elizabeth Gaines announced she would be…

ASX shares that have had a rough time could be investment opportunities. There’s normally a good reason why a business has fallen in price. But sometimes those issues are only temporary and occasionally the market over-reacts to them. When those overly negative reactions occur, they could be times to consider some of those ASX shares,…

The Australian Ethical Investment Limited (ASX: AEF) share price is rising after announcing it has bought a stake in Sentient Impact. Australian Ethical acquisition The Australian Ethical share price is up more than 2% after revealing it has bought a minority stake in impact investment business Sentient Impact Group. This investment is for $5.2 million and will…

 Markets couldn’t overcome weaker sentiment today, initially trading higher but ultimately falling 0.3 per cent and breaking the 2 per cent gains in recent days. Only two sectors posted positive returns, being utilities and healthcare, which gained 0.4 and 0.2 per cent respectively with the rest falling into negative territory. The worst was the energy sector, down 1.1…