Woodside Energy shares were up by 1% today after both oil crude benchmarks passed their 52-week average. Brent crude is currently at US$ 82.85 as supply remains constrained by OPEC for the foreseeable future.
Stock Market News: Stay Informed About the Latest Market Developments and Trends
Investing begins by deciding how much money to allocate and to what asset class – whether that be term deposits, property, bonds, stocks, or precious metals. This process is called asset allocation.
Investing across a range of these asset classes helps diversify our portfolio.
Australian Vintage shares jump 10% as the company announces a strategic review to unlock shareholder value. The review will be run by the corporate advisory firm E&P.
Medibank faces a $250 million capital reserve requirement as punishment by the APRA for last October’s massive data breach in which the data of 9.7 million customers was stolen. Shares have remained resilient to the news, up by 1.71%, trading at $3.56 per share.
Yesterday, the ASX 200 fell a whole 1.6%. No sector was spared, especially not the tech sector. As I’m writing this piece nearing midday, the benchmark index is down a further 1%. With the Aussie market correcting, are investors twigging on to the lagging impact of rising rates?
There’s a lot of data for the bulls and a lot of data for the bears right now. But behind it all there’s one time-honoured way to make money. Read on for more details…
AGL Energy has upped its earnings guidance for fiscal 2023 to a range of $1.3 billion–1.375 billion, from $1.25 billion–1.375 billion previously. With underlying profit also expected to a higher range of between $255 million–285 million, from a previous forecast of $200 million–280 million.