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Zip (ASX:Z1P) up 9%, US markets creep higher

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….

Drew Meredith | 8th Oct 2020 | More
ASX budget bounce, IPOs closing in

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…

Drew Meredith | 7th Oct 2020 | More
Market update; ASX finishes 2.6% higher

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…

Drew Meredith | 5th Oct 2020 | More
  • ASX update; COVID-19 impacting Macquarie Group

    Vaccine trial restart boosts markets, ASX strength to continue, COVID-19 impacting Macquarie Group A positive lead from Wall Street and news that AstraZeneca plc (NYSE:AZN) had resumed their vaccine trial sent the ASX 200 (ASX:XJO) 0.7% higher on Monday. Positive news on the vaccine front support the energy and industrial sectors amid hope of a…

    Drew Meredith | 14th 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
    ASX market update; Victorian lockdowns extended

    Victorian lockdowns extended, markets remain calm, Labor Day holiday in the US, ASX to open higher

    Drew Meredith | 8th Sep 2020 | More
  • ASX shares update; markets look past recession to the future

    Turnaround: markets look past recession to the future, AMP in hot demand, another positive lead ahead The ASX 200 (ASX:XJO) staged a remarkable recovery, adding 1.8% even as we received confirmation that the economy had contracted by 7% in the June quarter. The rally was broad-based with industrials and materials improving on the back of…

    Drew Meredith | 4th Sep 2020 | More
    Robinhood and the fee free trading phenomenon

    Robinhood is the clear leader in a new trading sector dubbed “commission-free” trading. Google backed the platform called and it was launched to offer share trading services free of charge. Robinhood first introduced this concept five years ago to entice new investors to move away from traditional online broking systems run by the major banks….

    Ishan Dan | 2nd Sep 2020 | More
  • ASX shares update; QBEs culture crisis, RBA looking dovish

    August gains lost in a day, QBEs culture crisis, RBA looking dovish, higher open ahead With reporting season complete, markets are once again turning to economic data and vaccine hopes. It wasn’t a great start to Spring, with the ASX 200 (ASX:XJO) falling 1.8% and giving back nearly all the gains achieved in August. The…

    Drew Meredith | 1st Sep 2020 | More
    ASX market update; fifth straight month for the ASX

    Weak open ahead, Fifth straight month for the ASX, IOOF loads up

    Drew Meredith | 31st Aug 2020 | More