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Commonwealth Bank’s (ASX:CBA) best week

ASX keeps delivering, Commonwealth Bank’s (ASX:CBA) best week since 2011, US markets flat It was a strong week for the Australian market, the ASX200 (ASX:XJO) heading 2.1% higher despite an ASX shutdown on Monday and a weak close on Friday.  The strength was clearly driven by the financial sector with CBA enjoying its best week…

Drew Meredith | 22nd Nov 2020 | More
Market update; ASX opens weaker

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…

Drew Meredith | 28th Sep 2020 | More
ASX update; ASX 200 higher

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…

Drew Meredith | 27th Sep 2020 | More
  • ASX update; second wave hits Europe

    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…

    Drew Meredith | 22nd Sep 2020 | More
    ASX update; retail pain on show at Myer (ASX:MYR)

    ASX holds onto gains, retail pain on show at Myer (ASX:MYR), another sell off to end the week The ASX 200 (ASX:XJO) managed to stave off weakness in the afternoon, finishing 0.5%, despite a much stronger lead from the US markets. The telecommunications and materials sectors including the likes of Telstra (ASX:TLS) and BHP (ASX:BHP)…

    Drew Meredith | 10th Sep 2020 | More