It is a little over a month since Melbourne-based biotech company CSL Ltd [ASX:CSL] officially became the largest firm on the ASX. The biotech behemoth could be poised to become a standard fixture for income investors…
Big Four Banks’ Credit Ratings Slashed — Can You Bank on Compassion?
Adding further to the Aussie big four banks’ woes, global credit ratings agency Fitch Ratings downgraded the long-term issuer default rating of the four major banks. The ratings agency has maintained the rating outlook for the major Australian banks as negative…
Why Resolute Mining’s Share Price Hasn’t Moved up with Gold (ASX:RSG)
For many gold miners listed on the ASX, the global market panic induced by the coronavirus pandemic has ignited demand for their shares. Although the gold price has been volatile (and has been sparring with the USD for haven status), there is no doubt it is still marching upwards. In the last three months gold […]
Will Myer Fail? Myer Share Price Looks Ominous (ASX:MYR)
Since the outbreak of the coronavirus pandemic, the Myer share price has plunged over 67%, valuing the company at just $115 million. Myer Holdings Ltd [ASX:MYR] released a business update last month in response to the COVID-19 pandemic…
Gold Price Stalls on Stimulus: Saracen Share Price Waits for Next Plunge
Another week has drawn to a close, so I thought it would be a great time to revisit some recent moves in the gold price. Everything seems to be turning on its head currently. Unprecedented government stimulus has toyed with the markets. As joblessness begins to mount around the globe, commodities, foreign exchange, and risky assets are behaving in […]
NZ Banks Stop Dividends: What This Means for the Aussie Big Four
The outlook for Australia’s Big Four banks has worsened this morning, with the Reserve Bank of New Zealand (RBNZ) announcing a freeze on all dividends. All of Australia’s banks have opened lower today with Australia and New Zealand Banking Group Ltd [ASX:ANZ] and National Australia Bank Ltd [ASX:NAB] the hardest hit
What Does COVID-19 Mean for a2 Milk’s Share Price? (ASX:A2M)
New Zealand-based The a2 Milk Company Ltd [ASX:A2M] shares are among a select few that have risen during the coronavirus pandemic. Since the beginning of the year shares in the milk producer are up nearly by 20%, while the ASX 200 has reversed 21% over the same period
What’s Happening with SelfWealth’s Share Price? (ASX:SWF)
he SelfWealth Ltd [ASX:SWF] share price has had a turbulent past few months — like many other companies. SWF has made a name for itself by going after the banks’ brokerage profits. With the latest round of stimulus introduced by the Australian government, it seems investors want back in with the banks
Dark Omens from China: The Threat to Physical Cash Ramps Up
Tobias Adrian says: ‘Cash, the physical object, is now potentially contagious but cash, the financial asset, is still a safe option.’ Indeed, China started confiscating and sterilising the physical object in question.
Stimulus Wave: US Dollar Drop Fuels Gold Price Surge
The Dow Jones Industrial Average surged massively overnight, jumping 11.4% or 2,113 points, marking the largest increase since 1933. The ASX 200 followed markets in the US, surging 5.82% in the first 30 minutes of trading this morning. Coinciding with the meteoric rising of global market indices was a 4.75% rise in the gold price […]
