asx shares

Seventh heaven, China bans coal, Telstra (ASX:TLS) dividend boost, US markets fall The S&P/ASX 200 (ASX:XJO) reached its highest point in seven months, passing 6,200 points after improving 1.0% on Tuesday. This takes the rally to seven straight days with all sectors except materials finishing higher. The financial sector continues to outperform as economic conditions…

Six days in a row, Link (ASX:LNK) under offer, banking rally, US rally continues The market managed to eke out a six-straight day of gains, finishing 0.5% higher to start the week. The banking sector experienced a late rally adding 1.2% with ANZ Banking Group Ltd (ASX:ANZ) the leader. But it was the technology sector…

Markets have strongest week in months, ASX up 5.4%, S&P 500 up 3.9%, stimulus on again asx 200, asx shares, asx today, share prices, stockmarket, australian stockmarket, trump corona, nasdaq today, nasdaq share prices, sp500, s&p500 today, 2020 budget, federal budget, australian share prices, us share prices The theme of the week was stimulus, with the…

Longest winning streak since July, go slow at Transurban (ASX:TCL), Zip (ASX:Z1P) up 9%, US markets continue to creep higher The ASX 200 (ASX:XJO) has delivered its longest winning streak since July, finishing 1.1% higher as the budget stimulus continues to reverberate through markets. The announcements have been well received by the corporate sector, despite several shortcomings….

ASX budget bounce, a long list of winners, IPOs closing in, US markets hit one month high The ASX 200 (ASX:XJO) overcame a weak lead form the US to deliver its strongest budget bounce since 2002, jumping 1.3%. It will likely take several weeks to digest the true implications of this budget, particularly those sectors that…

ASX struggles higher, rates on hold, giant gold merger, US stocks fall The ASX 200 (ASX:XJO) struggled to a 0.3% gain on Tuesday, the energy, +2.3%, and materials sector, +1.1%, the key contributors. The biggest news was the ‘merger of equals’ between Australian gold miners Saracen Minerals (ASX:SAR) and Northern Star Mining (ASX:NST). The merger…

Rollercoaster continues, ASX finishes 2.6% higher, Budget night ahead, US rallies 1.6% The ASX 200 (ASX:XJO) delivered its strongest day in four months, adding 2.6% despite the public holiday in NSW and much lower volume as a result. The positive news was threefold; the Government announced that tax cuts would be brought forward and back dated…

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…

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…

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…