While miners led the corporate reporting season, which is currently underway in Australia, what can we expect across the broader market?
Dale Gillham is chief analyst for Wealth Within (AFSL 226347). He has an Advanced Diploma and Diploma of Share Trading and Investment and more than 25 years’ experience in the financial services industry.
Last week’s strong move up on the All Ordinaries Index, has been eclipsed this week with the market gaining another 2%. Is the Australian market overheated or can the ASX continue to rise?
This week the ASX 200 rose strongly reaching its highest level since December 2007 and just a few per cent away from achieving the elusive new all-time high.
It was no surprise that the RBA cut interest rates to a record low of 1.25% with the intention of stimulating the economy. But was this the right decision?
After having a stellar run in the first quarter of 2019, and with the RBA set to meet early next week, the Australian sharemarket momentum has slowed by around 80% over the past two months.
The market rose more than 2% on Monday following the surprising election result, as short-sellers scrambled to cover positions, with banks some of the big winners.
Lendlease rose 10.6% on whispers of a potential takeover by a major Japanese company, while the US-China trade war escalation has seen Evolution Mining shares rise more than 9% in the past week.
The $15 billion dollar Vodafone-TPG merger once again came under fire from the ACCC this week. Chairman Rod Sims has expressed concerns about over-concentration in the industry.
The recent profit season has proved it will be a slow road to better times for the big banks, so what should you do if you own shares in the Big Four?
In its half-year results, NAB reported revenue growth at just 1.4% while expenses were up 1.7%. Its earnings included $525 million in customer-related remediation costs.