Three Australian Tech Stocks Bucking the Downward Trend
The S&P ASX All-Technology Index (ASX:XTX) extended its slide on Wednesday, 25th May, ending the day down a further 2.36%. The Australian tech sector continues to struggle as part of the global volatility being experienced, and the challenges facing many of the world’s largest tech companies have been well publicised. The Nasdaq 100, the US…
Renewable energy boosts China’s green development in past decade
BEIJING, – Over the past decade, China’s renewable energy has made remarkable progress. From keeping pace with other countries to leading the world, China’s renewable energy has promoted the country’s green development and made major contributions to the global fight against climate change. At the end of 2021, the cumulative installed power generation capacity of…
ASIC warning on fake green bonds
ASIC is alerting investors of the existence of a number of fake green bonds. In Australia, green bonds are not directly available to the general public or retail investors. Any website or entity claiming otherwise is a scam. Scammers may represent themselves as well-known financial services firms and invite people to invest in fictitious environmentally…
CommSec morning report Wednesday
In US economic data, consumer confidence fell from 108.6 to 106.4 in May (survey: 103.9). The S&P/Case-Shiller home price rose from an annual growth rate of 20.3% in February to 21.2% in March (survey: 20%). The house price index rose 19% on the year to March after rising 19.3% in the year to February. European…
Markets evening report
The Aussie sharemarket finished the last day of the month on a rather weak note and at session lows, after the S&P/ASX 200 fell by 1 per cent or 75.4pts, to 7211.2. All 11 sectors finished in the red for the 11th time this year. The Financial and Tech sectors weighed on the index after…
central bank adds liquidity via reverse repos
BEIJING, – The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each…
Chinese yuan strengthens to 6.6607 against USD Tuesday
BEIJING, – The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each…
non-manufacturing PMI up in May
BEIJING, – The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 47.8 in May, up from 41.9 in April, the National Bureau of Statistics (NBS) said Tuesday. A reading above 50 indicates expansion, while a reading below it reflects contraction. Domestic COVID-19 infections have steadily declined in May, leading to the recovery…
CommSec Morning Report
Latest news • US financial markets were closed on Monday for the observance of the Memorial Day holiday. • German consumer prices in May were up by 8.7% on a year earlier (survey: +8%) – the highest growth in almost 50 years. • European sharemarkets advanced on Monday. Investors were encouraged by an easing of…
Monday evening report
The Aussie sharemarket kicked the week off on a strong note and finished at session highs after the ASX 200 added 1.45 per cent or 103.9 pts, to 7286.6. A strong lead from Wall St. on Friday caused the Tech sector to climb 4.6 per cent and post its first three-day winning streak in two…
