CommSec Daily Report Tuesday
Latest news Aussie shares are slipping for a second day, with the ASX 200 down by ~0.5 per cent to 7,127.7 as most sectors head backwards. While this isn’t the ideal start to a new month, the index hit a fresh record high on Monday, has improved for eight consecutive months for the first time…
CommSec Daily Report Monday
Latest news The Australian sharemarket has had a mixed start to the final trading day of May, with the ASX 200 briefly hitting a fresh record high on the open before falling back at midday. For the first time in14 years, our market is still set to extend its winning streak to an eighth straight…
Why middle-aged entrepreneurs do better
Bill Gates was 21 when he and Paul Allen registered Microsoft. Steve Jobs was 22 when he and Steve Wozniak launched Apple. Mark Zuckerberg started Facebook in his Harvard dormitory. The biographies of these tech billionaires who achieved great success in their twenties has helped cement the perception that entrepreneurship is a young person’s game….
Brisbane petrol prices spike; Higher inflation
Job ads hit 12-year high after JobKeeper expiry Brisbane petrol prices spike; Higher inflation Job ads; Petrol Prices; Inflation gauge; Used vehicle market Job ads: ANZ job advertisements rose by 4.7 per cent in April to a 12-year high of 196,612 available positions. Ads have lifted for 11 successive months to be up 198.8 per…
8 cyclical stocks to play the recovery
The environment of the market has shifted dramatically. With whispers of inflation, bubbles and bond yield prices rising, we have adapted our portfolio to reflect the evolving market. In this article Vince Pezzullo, Deputy Head of Equities discusses why cyclical stocks are an attractive part of the market and reflects on reporting season and the…
Covid-19 drives petrol prices; Car prices soar
Covid-19 drives petrol prices; Car prices soar Petrol Prices; Used vehicle market Fuel prices: Last week the national average price of unleaded petrol fell by 3.6 cents a litre to 139.2 cents per litre (c/l), according to the Australian Institute of Petroleum. Used car prices: Used vehicle prices rose by 2.4 per cent last week….
Vital Signs: the pros and cons of diversity in organisations
Breaking down the old boys’ club in business, government and other organisations is intrinsically important. Ensuring greater diversity in organisations – on gender, racial, ethnic and other lines – is, simply put, the right thing to do. But some advocates of greater diversity make an extra claim: that it improves the quality of decisions, and…
Regional unemployment: Winners & Losers
Regional unemployment: Winners & Losers Regional jobs Regional jobless rates: Of the 15 SA4 regions with the highest unemployment rates in the land, Queensland had the highest representation with six regions in March followed by NSW (four) and Victoria (three). Sydney – South West had the highest unemployment rate of 11.2 per cent, but the…
Risk in retirement: finding the right balance
For many of us, retirement means dream holidays, reading books and spending time with grandchildren. However for some Australians, the notion of enjoying their golden years after a lifetime of hard work hit a roadblock last year when COVID-19 struck, and hit economies and markets hard. Many businesses were affected by COVID-19 and the associated…
Divergent tides: The ebb and flow of financial markets
Most of the time, financial markets ebb and flow like the tide. All boats are lifted or fall together. On occasions, however, different assets part company, responding to the same influences in divergent ways. The first three months of 2021 has been such a period. Last week, the S&P 500 rose above 4,000 for the…