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Press and Media Mentions
ASX Close: Best fortnight since November
Featured On: The Market Herald
"A salvo of upbeat economic data has bolstered investors’ expectations that the robust economic readings may rekindle taper talks from the US Federal Reserve. Investors seem to be closely eyeing fresh signals from the central bank to see whether the economic growth will translate into inflation and prompt withdrawal of monetary support," Kalkine Group CEO Kunal Sawhney said.
Read Original Article...ASX Update: Market shrugs off inflation tantrum
Featured On: The Market Herald
"The US economic recovery is shifting up a gear with almost every economic data released so far in June 2021," Kalkine Group CEO Kunal Sawhney said. "At a time when the recently released ADP’s private payroll count and weekly unemployment claims data have strengthened confidence in the labour market, higher-than-expected Markit Services PMI has lifted faith in the manufacturing industry’s rebound from the virus crisis.
Read Original Article...Travel bubbles: a ray of hope for Australian tourism
Featured On: Global Travel Media
Travel is in the lifeblood of Australians. Thanks to the collective effort of all nationals towards fighting the deadly coronavirus, Australians can finally relish the experience of new journeys and destinations. With the ease in COVID-19 restrictions in the country, ministries are now promoting domestic tourism. However, the international borders are likely to remain closed in the near term to safeguard Australia from the new variants of COVID-19.
Read Original Article...ASX Update: Miners fuel fresh record push
Featured On: The Market Herald
"China tried hard to jawbone the iron ore market lower after announcing a crackdown on speculation and market regularities. However, the country’s efforts appear to be insufficient in driving down the steelmaking ingredient’s prices for a prolonged period." Kalkine Group CEO Kunal Sawhney said.
Read Original Article...ASX Close: Fresh high as economy powers ahead
Featured On: The Market Herald
"China tried hard to jawbone the iron ore market lower after announcing a crackdown on speculation and market regularities. However, the country’s efforts appear to be insufficient in driving down the steelmaking ingredient’s prices for a prolonged period." Kalkine Group CEO Kunal Sawhney said. "OPEC and its allies agreed to relax curbs on oil production amid improving demand and a diminishing supply glut. OPEC’s decision to hike output in July and its buoyant forecast over a global consumption rebound appear to have retained the bull recipe for the oil market," he added.
Read Original Article...ASX Update: Pandemic high as miners rebound
Featured On: The Market Herald
"The local share market appears to be demonstrating considerable resilience, weathering reports of fresh lockdown introduced in Victoria as authorities struggle to control a highly infectious outbreak. It seems that investors have gradually learned to live with breakouts, considering the recent surge in cases as a temporary or transitory phase," Kalkine Group CEO Kunal Sawhney said.
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