ASX closes better for third straight day
SYDNEY, AAP – Australia’s share market had its third consecutive day of gains and most sectors were higher. The S&P/ASX200 benchmark index closed higher by 62 points, or 0.92 per cent, to 6824.6 on Wednesday. The All Ordinaries closed higher by 63.4 points, or 0.9 per cent, at 7090.9. The property sector was best, up…
Short Selling Under the Microscope
It is hard to imagine any retail investor anywhere in the world not paying attention to the news out of United States markets about a battle between hedge funds and ordinary investors on the social media platform reddit.com over the strategy of short selling. Retail investors are cautioned again and again to leave short selling…
Morrison blasts cricket over Australia Day
CANBERRA, AAP – Scott Morrison has given a big bash to Cricket Australia over its decision to drop Australia Day from official promotions after consulting with Indigenous advisers. CA’s National Aboriginal and Torres Strait Islander Cricket Advisory Committee recommended the move with three Big Bash League games to be played on January 26. The prime…
WAAAX Stocks – Buy or Stay Away
While the COVID 19 Pandemic ravaged sectors like energy, utilities, and industrials – all down more than 10% for the year 2020 – the Information Technology sector shined. Led by two residents of the ASX WAAAX stocks – Afterpay and Xero – the sector was up a staggering 57% for the year, dwarfing the 18.2%…
China dismisses WHO concern at entry delay
China has played down concerns from the World Health Organization (WHO) about a delay in authorisation for a visit by a team of experts looking into the origins of COVID-19, saying arrangements were being worked out. The head of the WHO, Tedros Adhanom Ghebreyesus, said on Tuesday he was “very disappointed” that China had not…
WHO ‘disappointed’ at China entry delay
The head of the World Health Organisation says he is “disappointed” that Chinese officials haven’t finalised permissions for the arrival of team of experts into China to examine origins of COVID-19. Tedros Adhanom Ghebreyesus, in a rare critique of China, said members of the international scientific team began departing from their home countries over the…
Aust shares down 0.8 per cent at midday
The Australian share market is a sea of red in early trade, amid profit taking by investors who took their cue from the overnight decline on Wall Street. The S&P/ASX200 benchmark index was lower by 56.6 points, or 0.84 per cent, to 6643.7 at 1200 AEDT on Wednesday. The index fell as low as 6630…
Reasons to Consider Investing in Precious Metals
For many centuries, precious metals have always been prized assets. They have always provided security as they hold their value even in times of crisis. Precious metals have stood the test of time. Even when market prices dip, they never take long to increase. Investment experts often recommend investors to diversify their investment portfolio with…
Two million fewer workers on JobKeeper pay
More than two million workers have left the JobKeeper wage subsidy scheme since the Morrison government tightened eligibility and reduced payment rates at the end of September. The number of JobKeeper recipients has fallen from 3.6 million to 1.5 million in less than two months, outperforming predictions in the federal budget. Treasurer Josh Frydenberg said…
The transition to renewable energy
Australia’s electricity system is undergoing unprecedented change arising from the proliferation of renewable energy generation, with South Australia and parts of the National Energy Market (NEM) already reaching the highest level of renewable penetration in the world. While such rapid transition is positive for our decarbonization efforts, our exiting grid system is not designed to cope with…
