Reporting season has started and all eyes are on the banks, where for the first time since the COVID 19 pandemic, their collective profitability is being put to the test. Last year was kind to them: rates were falling, which brought borrowers back and helped loans grow, bad debts stayed low and the…
Gold surge helps ASX to a weekly riseSurging prices for Australian gold miners helped the overall share market rally on Friday, up an impressive 1.4%, achieving a 0.9% rise for the week.Investors were more positive about the chances of fewer interest rate rises in the US this year after weaker June…
The National Australia Bank has made "meaningful" upward revisions to its U.S. dollar projections across all major currencies, having earlier been hesitant to make changes due to the "fog of war." The key driver of the revisions is that the U.S. economy is proving much more resilient than anticipat…
Australian shares extended declines on Thursday, following weak domestic housing data released in the previous session, while Northern Star Resources jumped on appointing a new CEO a month after activist investor Elliott built a stake in the gold miner.The S&P/ASX 200 index ASX:XJO fell 0.5% to 8,6…
Welcome to our weekly ChartWatch *LIVE* Webinar series. Hundreds of Aussie investors joined me at lunchtime to learn more about technical analysis by using the ASX stocks they’re interested in as case studies.But that’s the point of ChartWatch *LIVE*: it’s not up to me to set the agenda – it’s up t…
Australian shares inched lower on Wednesday, the first day of the new financial year, weighed down by major banks, though gains in South32 ASX:S32 helped cap losses after the diversified miner agreed to sell most of its aluminium assets.The S&P/ASX 200 index ASX:XJO fell 0.1% to 8,774.20 by 0010 GM…
Australia's prudential regulator said on Tuesday its first system-wide risk-stress test found close links between the country's banks and superannuation funds, highlighting potential vulnerabilities across the financial system.Here are some details:
Australian shares rose on Monday, led by index heavyweight miners on the back of higher gold and iron ore prices, while news of Iran and the U.S. agreeing to halt recent hostilities and renew talks supported appetite for risk assets.The S&P/ASX 200 index ASX:XJO climbed 0.6% to 8,817.78 by 0013 GMT…
