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Press and Media Mentions
ASX Update: Rebound as IAG, BNPL players shine
Featured On: The market herald
A broad recovery saw the ASX claw back some of yesterday's losses as a solid earnings report from IAG helped offset a 10.8 per cent profit dive at Commonwealth Bank. The S&P/ASX 200 rebounded 38 points or 0.55 per cent by mid-session, recouping more than half of yesterday's 59-point fall.
Read Original Article...ASX Today: Reporting season to set tone this week
Featured On: The Market Herald
The first big week of the domestic half-yearly earnings season looks set for a subdued start despite fresh highs in the US. The S&P/ASX 200 put on 233 points or 3.5 per cent last week, ending at its highest level since last February. Earnings season cranks into gear this week with reports from Commonwealth Bank, Telstra, IAG and Newcrest.On Friday, US stocks nudged to new record finishes. Oil hit a 13-month peak. Gold and silver rebounded. Iron ore declined. Industrial metals rallied.
Read Original Article...ASX Close: Best week in three months Day Trading
Featured On: The market herald
The share market wrapped up its best week since early November with a fourth rise in five sessions after the Reserve Bank raised its outlook for the economy and US stocks hit record levels. The S&P/ASX 200 climbed 75 points or 1.1 per cent to its strongest close since late February last year. Today's advance extended the index's tally for the week to 233 points or 3.5 per cent.
Read Original Article...Where are the ideal travel destinations for Aussies in 2021?
Featured On: Global Travel Media
The launch of inoculation programs has strengthened hopes for international travel recovery.COVID-19 Travel Pass, supported by IATA, could be a potential solution to restart air travel.The US relief package aims to boost COVID-19 testing and accelerate vaccination.
Read Original Article...ASX Update: Banks, REITs spearhead 11-month high
Featured On: Market Herald
A third day of gains lifted the ASX to its highest level in more than 11 months as an RBA cash splash and strong leads from the US boosted confidence. The S&P/ASX 200 rallied 77 points or 1.14 per cent as sentiment continued to recover from last week's "Reddit wobble". The index flew past last Monday's 11-month intraday high to its highest level since February 25 last year. Gains in the banks, REITs and oil companies outweighed declines in iron ore producers. ANZ, NAB, Goodman Group and CSL were the pick of the heavyweights.
Read Original Article...ASX Close: Bond proxies lead 3rd day of gains
Featured On: Market Herald
Winners from the Reserve Bank's expanded stimulus programme steered the ASX to a fresh 11-month high as fears of speculative bubbles in the US continued to ease. The S&P/ASX 200 rallied 62.6 points or 0.93 per cent to 6824.6, a tenth of a pip short of the highest close since February 25 last year. The index earlier hit an 11-month intraday high at 6852.9. Real estate investment trusts and other companies that thrive when bond yields are low were boosted by an extension to the RBA's bond-buying programme. Overall market gains were tempered by declines in resource stocks following falls in iron ore and precious metals.
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