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RBA holds rates, property lending boom, Seek upgrades guidance, retail recovery on track It was another green day on the market with the ASX200 (ASX:XJO) adding 0.5% on the back of the materials sector, with the gold price jumping significantly. Silverlake Resources (ASX:SLR) and Northern Star (ASX:NST) were among the biggest beneficiaries adding 7.9% and 4.0% respectively. The…
Time is ticking. With less than two weeks left, 1.54 million Aussie JobKeeper recipients will have their beloved allowance winched away for good. On March 28, the government will completely wean approved businesses and employees off the JobKeeper wage subsidy of $1,500 per fortnight (later scaled back to $1,000). What was JobKeeper? JobKeeper is part…
The SEEK Limited (ASX: SEK) share price will be on watch this morning after the employment business announced it was selling down its stake of Zhaopin. Zhaopin is a Chinese employment business that SEEK owned a major stake in. What did SEEK announce about Zhaopin? SEEK plans to sell down its stake in the Chinese business from…
The Australian reporting season stepped up another gear this week, dividends and cost cutting were the most important topics on the agenda. The threat of inflation is also clearly increasing, with government bond yields in both the US and Australia hitting 12-month highs. Despite this investors remain resilient and unconcerned about the risk of an…
Just when you thought it was over. Coronavirus strikes again.
