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Video games have traditionally been associated with laziness, requiring someone to stay at home in a dark room when they could be doing more ‘productive’ things with their lives. How things have changed! The 2019 Fortnite World Championships attracted 40 million entrants chasing a US$30 million ($41 million) prize pool, with the finals televised in front…

ASX opens weaker, travel rallies on Tasman bubble, strong open ahead The ASX 200 (ASX:XJO) finished 0.2% lower to open the week, increasing the likelihood of the first negative month since March. The real estate of A-REIT sector was among the few positives, with Scentre Group (ASX:SCG) and GPT Group (ASX:GPT) finished over 2% higher as…

Loosening the reins, ASX 200 higher, banks rally, US recovers on stimulus hopes The ASX 200 (ASX:XJO) staged a stunning recover, finishing the day 1.5% higher leading to a 1.7% improvement for the week. The financial sector, up 3.7%, contributed over half the recovery on its own, ANZ Banking Group Ltd (ASX:ANZ) and National Australia Bank…

Volatility settles in, ASX falls, Westpac (ASX:WBC) whacked, positive start ahead The market looks to be ending the week on a negative note, the ASX 200 (ASX:XJO) falling 0.8% on Thursday, following a weak global lead. This was well above the lows of the session, at one point hitting -1.7%, with no sector spared. Westpac Banking…

Strongest day in three months, Service Stream (ASX:SSM) leads on NBN expansion, US sell of continues, ASX to open lower The ASX 200 (ASX:XJO) recovered strongly on Wednesday, bouncing 2.4% higher with just seventeen stocks finishing lower. The industrial sector lead the market higher, 4%, boosted by 4% behind a strong recovery in Transurban Group (ASX:TCL)…

With the deleveraging plans out in the marketplace, analysts think there is more value in the European/North American angle when it comes to the Westfield story, with consensus target prices for Unibail-Rodamco-Westfield on the ASX showing far greater expected upside than for the Scentre Group’s Australian-New Zealand exposure.   So much so that there have…

Climate change is a systemic risk. Here’s how to handle it.

Financials, miners hit as the second wave hits Europe, RBA guidance, strong open ahead The ASX 200 (ASX:XJO) fell to a three month low on Tuesday, down 0.7%. The sustained sell off has been driven by signs of a second wave engulfing Europe and the potential for another round of economic restrictions. Materials (-0.2%) was…

The stellar run in the Nasdaq 100 index, which has seen it reach new all-time highs some 40 times already in 2020, shows no signs of slowing. With such strength and a willingness of investors to look beyond short-term losses, a single-file, socially distanced line of “unicorns” is awaiting their piece of the action. The…

Helping Australians save money during the recession.

ASX nears three month low, Magellan (ASX:MFG) takes a swing, US markets head lower The selling pressure continued on Monday, the ASX 200 (ASX:XJO) falling another 0.7%, now nearing the low points of June.  The selling was widespread, National Australia Bank Ltd (ASX:NAB) and BHP Group Ltd (ASX:BHP) down 1.4% and 1.2% respectively.  The biggest…

ASX 200 ekes out a gain, tech profit taking continues, Trump bans WeChat Global markets continued their negative trend on Friday, the ASX 200 (ASX:XJO) falling 0.3%, but managing to finish the week up a solitary 5 points; outperforming most global markets. It was a similar story in the US, with both the Nasdaq and…